Smart Window Market Size, Share, Opportunities, And Trends By Technology (Photochromic, Electrochromic, Others), By End-User (Architecture, Automotive, Aircraft, Marine, Others), And By Geography - Forecasts From 2024 To 2029

  • Published : Mar 2024
  • Report Code : KSI061616787
  • Pages : 147

The smart window market is anticipated to expand at a high CAGR over the forecast period.

Smart windows, also known as switchable or dynamic windows, are a novel form of window that can alter attributes in response to environmental stimuli like light, heat, or voltage. These windows provide a variety of capabilities, such as tinting, shading, and energy efficiency upgrades, to increase comfort, privacy, and energy efficiency in buildings and cars.  

Some of the key features of smart windows are tinting, privacy, energy efficiency, UV protection, and security. Smart windows modify tint or opacity to manage light and heat, decreasing glare and solar heat gain while allowing for natural daylight.

Smart windows provide on-demand seclusion, making them suitable for residential and commercial situations where you want to hide outside views or avoid visual intrusion. They improve energy efficiency by lowering the demand for HVAC systems by dynamically altering their characteristics to minimize heat gain and loss in both summer and winter.

Smart windows protect interior furnishings and indoor air quality by filtering damaging UV rays that cause fading and damage to artwork, carpeting, and furniture. These windows increase security by detecting unauthorized access, activating alarm systems, and connecting with building automation systems to provide real-time monitoring and control over window status.

Smart windows are a potential technology for increasing comfort, energy efficiency, and sustainability in buildings and automobiles. The growing need for green building solutions is predicted to have a substantial influence on architecture, design, and urban development.

Market Drivers

  • Rising demand for energy-efficient solutions is contributing to the smart window market growth

Growing environmental consciousness and the desire to minimize energy usage are driving the need for energy-efficient construction technology. Smart windows provide energy efficiency by adjusting the quantity of sunlight entering a structure, minimizing dependency on artificial lighting and HVAC systems.

Among various products available in the market, Alucolor smart windows, with their light and viewing openings, provide superb ambient air and plenty of light. You may optionally buy built-in rolling shutters with automated locking, a safety locking system, a sliding arm, and an integrated frost-detecting edge.

Overall, the growing need for energy-efficient solutions emphasizes the value of smart windows in the construction and building industries. As awareness of energy saving and sustainability grows, the smart window industry is likely to develop even more to satisfy the market's changing demands.

  • Rising focus on comfort and well-being is contributing to the smart window market growth

Rising emphasis on providing comfortable and healthful indoor environments in residential, business, and institutional settings. Smart windows help with this by giving occupants control over natural light, glare, and privacy, which improves comfort and well-being.

One of the products is Blackout Motorized Roller Shades, which are a luxury way to change your window shade. They are simple to install, cost about four or five dollars each year, and can be operated from a variety of places. They may be adjusted to allow light in, lower for seclusion, or set the shade to any height.

The increasing emphasis on comfort and well-being in modern building design is pushing the use of smart windows. These windows meet inhabitants' demands for privacy, environmental management, and wellness, resulting in healthier and more comfortable interior environments. This focus fuels the smart window sector expansion.

Market Restraints

  • Complexity of installation and integration hamper the market growth

Installing smart window systems may need specialized knowledge and cooperation with other building systems, such as HVAC and automation. The difficulty of installation and integration might extend project schedules and prices, discouraging building owners and developers from implementing smart window systems. Furthermore, upgrading older buildings with smart windows may provide logistical issues, slowing market expansion.

The smart window market is segmented based on different technologies-

The smart window market is segmented based on different technologies. Photochromic smart windows employ photoactive materials that react to light changes, and darkening when exposed to UV radiation. As the intensity of sunlight declines, they revert to a transparent condition, providing passive tinting without the need for additional power or control systems.

Electrochromic smart windows use electrochromic materials, which change their optical characteristics in response to an electric voltage. These windows may be colored or opaque, giving users control over the voltage supplied to the electrochromic layer. These windows have dynamic tinting capabilities and can be linked with building automation systems to provide precise control.

North America is anticipated to hold a significant share of the smart window market.

The North American region is expected to have a sizable proportion of the smart window market. North American companies and research organizations, including Springblinds, Innovative Glass Corp, Polytronix Inc., and Saint-Gobain, are leading the way in smart window technology development. These organizations promote innovation in the sector, leading to the creation of smart window solutions tailored to the region's needs and tastes.

The region has a strong research and development infrastructure, including universities, labs, and technological centers that promote collaboration and innovation in smart window technologies. This encourages the creation of cutting-edge goods and solutions that appeal to varied market sectors in North America.

The region's increased emphasis on smart building technologies, fueled by urbanization, population expansion, and sustainable infrastructure, is driving up demand for smart windows that improve energy efficiency, comfort, and overall performance.

Overall, the confluence of technical innovation, regulatory backing, market demand, and consumer awareness has established North America as a prominent market for smart windows. As the area prioritizes sustainability, energy efficiency, and smart building solutions, smart window technology usage is likely to rise, boosting market development and innovation in the coming years.

Key Developments

  • September 2023 -  Asahi India Glass Limited's subsidiary, aWAS Glass Solutions Limited, purchased architectural glass processing assets from Balaji Built Technologies, Bengaluru (BBT). The purchase intended to increase its footprint in major Indian markets and foster stronger customer ties. AIS-GS would use BBT's facilities and assets for its activities.
  • March 2023- Vision Systems, showcased unique window systems and dimmable shaded solutions. Their electrically dimmable windows used SPD and PDLC smart glass technology. SPD permitted glass or polycarbonate to transition from opaque to transparent in milliseconds, whereas PDLC switched between transparent and opaque white without obstructing visible light.

Company Products

  • AIS SWYTCHGLAS – AIS Swytchglas is a smart glass that provides two solutions: transparency and translucent alternatives. It is ideal for a wide range of applications, from households to corporate boardrooms, and offers quick access to privacy.
  • Sliding bi-fold shutters – Griesser's solar shade collection features sliding bi-fold shutters that can be constructed up to six times and manually adjusted when fully pressed together, taking up little space when fully erected.

Market Segmentation

  • By Technology
    • Photochromic
    • Electrochromic
    • Others
  • By End-User
    • Architecture
    • Automotive
    • Aircraft
    • Marine
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Taiwan
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key benefits to the stakeholder

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. SMART WINDOW MARKET BY TECHNOLOGY 

5.1. Introduction

5.2. Photochromic

5.2.1. Market opportunities and trends

5.2.2. Growth prospects

5.2.3. Geographic lucrativeness 

5.3. Electrochromic

5.3.1. Market opportunities and trends

5.3.2. Growth prospects

5.3.3. Geographic lucrativeness 

5.4. Others

5.4.1. Market opportunities and trends

5.4.2. Growth prospects

5.4.3. Geographic lucrativeness 

6. SMART WINDOW MARKET BY END-USER

6.1. Introduction

6.2. Architecture

6.2.1. Market opportunities and trends

6.2.2. Growth prospects

6.2.3. Geographic lucrativeness 

6.3. Automotive

6.3.1. Market opportunities and trends

6.3.2. Growth prospects

6.3.3. Geographic lucrativeness 

6.4. Aircraft

6.4.1. Market opportunities and trends

6.4.2. Growth prospects

6.4.3. Geographic lucrativeness 

6.5. Marine

6.5.1. Market opportunities and trends

6.5.2. Growth prospects

6.5.3. Geographic lucrativeness 

6.6. Others

6.6.1. Market opportunities and trends

6.6.2. Growth prospects

6.6.3. Geographic lucrativeness 

7. SMART WINDOW MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Technology 

7.2.2. By End-user

7.2.3. By Country

7.2.3.1. United States

7.2.3.1.1. Market Trends and Opportunities

7.2.3.1.2. Growth Prospects

7.2.3.2. Canada

7.2.3.2.1. Market Trends and Opportunities

7.2.3.2.2. Growth Prospects

7.2.3.3. Mexico

7.2.3.3.1. Market Trends and Opportunities

7.2.3.3.2. Growth Prospects

7.3. South America

7.3.1. By Technology 

7.3.2. By End-user

7.3.3. By Country

7.3.3.1. Brazil 

7.3.3.1.1. Market Trends and Opportunities

7.3.3.1.2. Growth Prospects 

7.3.3.2. Argentina

7.3.3.2.1. Market Trends and Opportunities

7.3.3.2.2. Growth Prospects

7.3.3.3. Others

7.3.3.3.1. Market Trends and Opportunities

7.3.3.3.2. Growth Prospects

7.4. Europe

7.4.1. By Technology 

7.4.2. By End-user

7.4.3. By Country

7.4.3.1. Germany

7.4.3.1.1. Market Trends and Opportunities

7.4.3.1.2. Growth Prospects

7.4.3.2. France

7.4.3.2.1. Market Trends and Opportunities

7.4.3.2.2. Growth Prospects

7.4.3.3. United Kingdom

7.4.3.3.1. Market Trends and Opportunities

7.4.3.3.2. Growth Prospects

7.4.3.4. Spain

7.4.3.4.1. Market Trends and Opportunities

7.4.3.4.2. Growth Prospects

7.4.3.5. Others

7.4.3.5.1. Market Trends and Opportunities

7.4.3.5.2. Growth Prospects

7.5. Middle East and Africa

7.5.1. By Technology 

7.5.2. By End-user

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.1.1. Market Trends and Opportunities

7.5.3.1.2. Growth Prospects

7.5.3.2. UAE

7.5.3.2.1. Market Trends and Opportunities

7.5.3.2.2. Growth Prospects

7.5.3.3. Israel

7.5.3.3.1. Market Trends and Opportunities

7.5.3.3.2. Growth Prospects  

7.5.3.4. Others

7.5.3.4.1. Market Trends and Opportunities

7.5.3.4.2. Growth Prospects

7.6. Asia Pacific

7.6.1. By Technology

7.6.2. By End-user

7.6.3. By Country

7.6.3.1. China

7.6.3.1.1. Market Trends and Opportunities

7.6.3.1.2. Growth Prospects

7.6.3.2. Japan

7.6.3.2.1. Market Trends and Opportunities

7.6.3.2.2. Growth Prospects

7.6.3.3. India

7.6.3.3.1. Market Trends and Opportunities

7.6.3.3.2. Growth Prospects

7.6.3.4. South Korea

7.6.3.4.1. Market Trends and Opportunities

7.6.3.4.2. Growth Prospects

7.6.3.5. Indonesia

7.6.3.5.1. Market Trends and Opportunities

7.6.3.5.2. Growth Prospects

7.6.3.6. Taiwan

7.6.3.6.1. Market Trends and Opportunities

7.6.3.6.2. Growth Prospects

7.6.3.7. Others

7.6.3.7.1. Market Trends and Opportunities

7.6.3.7.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisition, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Springblinds

9.2. IKEA Systems B.V.

9.3. Lutron Electronics Inc.

9.4. Somfy

9.5. Griesser AG

9.6. Hunter Douglas

9.7. The Shade Store LLC

9.8. Gauzy Ltd and Entities

9.9. Asahi India Glass Limited.

9.10. Brennan Enterprises, Inc.


Springblinds

IKEA Systems B.V.

Lutron Electronics Inc.

Somfy

Griesser AG

Hunter Douglas

The Shade Store LLC

Gauzy Ltd and Entities

Asahi India Glass Limited.

Brennan Enterprises, Inc.