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Smart Windows Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 140
  • SKU: IRTNTR73341
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Based on Technavio's market sizing methodology, the smart windows market size is predicted to surge by USD 780.66 million from 2021 to 2026 at a CAGR of 21.8%.

This smart windows market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The smart windows market report offers information on several market vendors, including Ambilight Inc., Asahi India Glass Ltd., ChromoGenics AB, ClearVue Technologies Ltd., Compagnie de Saint Gobain SA, Diamond Glass, Gauzy Ltd., Gentex Corp., GEZE India Pvt. Ltd., Halio Inc., Heliotrope Technologies, Hitachi Ltd., Innovative Glass Corp., Nodis, Pleotint LLC, Polytronix Inc., PPG Industries Inc., RavenWindow, Smart Window Co., SmartGlass International, Stellaris Corp., Swastik Glass, and View Inc. among others.

This report further entails smart windows market segmentations, including:

  • Application - Transportation and commercial and industrial, and residential
  • Geography - North America, Europe, APAC, Middle East and Africa, and South America.

What will the Smart Windows Market Size be During the Forecast Period?

Smart Windows Market Size

Download the Free Report Sample to Unlock the Smart Windows Market Size for the Forecast Period and Other Important Statistics

 

Smart Windows Market: Key Drivers, Trends, and Challenges

The rising construction of residential houses and buildings is notably driving the smart windows market growth, although factors such as low adoption in developing countries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart windows industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smart Windows Market Driver

The rising construction of residential houses and buildings is one of the key drivers supporting the smart windows market growth. In residential construction, glass windows protect the interior from the elements such as water and dust and create a safe and comfortable living environment for occupants. Moreover, the adoption of smart windows will increase due to the rising need for a more comfortable and luxurious lifestyle. A smart window protects occupants from heat, glare, and damage caused by ultraviolet (UV) light and provides an overall cooling benefit inside living spaces. People are adopting it to enhance their interior home designs along with comfort and convenience. Therefore, the multiple benefits of smart windows and an increasing number of residential houses and buildings will drive smart windows market growth during the forecast period.

Key Smart Windows Market Trend

Advances and innovations in technology is one of the key smart windows market trends fueling the market growth. For instance, during the cold or winter season, thermochromic windows remain clear, allowing light and warmth to keep homes and other buildings warm and cozy. Moreover, due to the extremely transparent and reflective quality of glass windows, birds are not able to recognize them as barriers, which gives rise to the need for bird-friendly windows that prevent bird deaths caused by birds flying into the glass or colliding with windows. For example, ORNILUX Bird Protection is a unique new glass technology designed with a special pattern, made of a UV-reflective coating, which is visible to all kinds of birds while keeping windows aesthetically pleasing and virtually transparent to human eyes. Therefore, technology innovations in smart windows will increase their adoption during the forecast years.

Key Smart Windows Market Challenge

Low adoption in developing countries is one of the challenges limiting the smart windows market growth. Consumers in emerging countries do not prioritize smart windows due to their low disposable incomes. Meanwhile, most end-users do not even have enough knowledge about the energy cost-savings associated with the use of smart windows, as they are considered a luxury item. Also, commercial end-users, such as hotels, do not really prefer smart windows due to its high maintenance and repair costs, which can reduce their profitability. Such high costs will hinder the smart windows market growth during the forecast period.

This smart windows market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global smart windows market as a part of the global construction materials market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart windows market during the forecast period.

Who are the Major Smart Windows Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Ambilight Inc.
  • Asahi India Glass Ltd.
  • ChromoGenics AB
  • ClearVue Technologies Ltd.
  • Compagnie de Saint Gobain SA
  • Diamond Glass
  • Gauzy Ltd.
  • Gentex Corp.
  • GEZE India Pvt. Ltd.
  • Halio Inc.
  • Heliotrope Technologies
  • Hitachi Ltd.
  • Innovative Glass Corp.
  • Nodis
  • Pleotint LLC
  • Polytronix Inc.
  • PPG Industries Inc.
  • RavenWindow
  • Smart Window Co.
  • SmartGlass International
  • Stellaris Corp.
  • Swastik Glass
  • View Inc.

 

This statistical study of the smart windows market encompasses successful business strategies deployed by the key vendors. The smart windows market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Compagnie de Saint Gobain SA - The high performance solutions segment includes mobility, life sciences, construction, and other industries. 
  • Compagnie de Saint Gobain SA - The company offers smart windows that provides precise glare and daylight control and a smooth visual aesthetic through a natural, seamless in-pane tint transition. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart windows market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Smart Windows Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the smart windows market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Smart Windows Market?

Smart Windows Market Market segmentation by region

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45% of the market's growth will originate from North America during the forecast period. The US is the key market for smart windows market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.

Increasing consumer awareness will facilitate the smart windows market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 impacted the market growth drastically. However, lockdowns were lifted, and construction activities resumed across the region from 2021 onwards. Furthermore, government policies to reduce energy consumption by buildings will increase the adoption of smart windows in North America during the forecast period.

What are the Revenue-generating Application Segments in the Smart Windows Market?

Smart Windows Market Segmentation

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The smart windows market share growth by the transportation segment will be significant during the forecast period. Another segment providing significant growth opportunities for vendors is residential. Smart windows are gaining popularity in modern residential designs. They also provide optimal thermal performance or optimal heat efficiency for the residential building's occupants. Such features will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart windows market size and actionable market insights on post COVID-19 impact on each segment.

 

Smart Windows Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 21.8%

Market growth 2022-2026

$ 780.66 million

Market structure

Fragmented

YoY growth (%)

20.5

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 45%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ambilight Inc., Asahi India Glass Ltd., ChromoGenics AB, ClearVue Technologies Ltd., Compagnie de Saint Gobain SA, Diamond Glass, Gauzy Ltd., Gentex Corp., GEZE India Pvt. Ltd., Halio Inc., Heliotrope Technologies, Hitachi Ltd., Innovative Glass Corp., Nodis, Pleotint LLC, Polytronix Inc., PPG Industries Inc., RavenWindow, Smart Window Co., SmartGlass International, Stellaris Corp., Swastik Glass, and View Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Smart Windows Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive smart windows market growth during the next five years
  • Precise estimation of the smart windows market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart windows industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart windows market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Transportation - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Transportation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Transportation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Transportation - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Transportation - Year-over-year growth 2021-2026 (%)
    • 5.4 Commercial and industrial - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Commercial and industrial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Commercial and industrial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Commercial and industrial - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Commercial and industrial - Year-over-year growth 2021-2026 (%)
    • 5.5 Residential - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Residential - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Residential - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Residential - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 40: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Compagnie de Saint Gobain SA
              • Exhibit 93: Compagnie de Saint Gobain SA - Overview
              • Exhibit 94: Compagnie de Saint Gobain SA - Business segments
              • Exhibit 95: Compagnie de Saint Gobain SA - Key news
              • Exhibit 96: Compagnie de Saint Gobain SA - Key offerings
              • Exhibit 97: Compagnie de Saint Gobain SA - Segment focus
            • 10.4 Gauzy Ltd.
              • Exhibit 98: Gauzy Ltd. - Overview
              • Exhibit 99: Gauzy Ltd. - Product / Service
              • Exhibit 100: Gauzy Ltd. - Key offerings
            • 10.5 Heliotrope Technologies
              • Exhibit 101: Heliotrope Technologies - Overview
              • Exhibit 102: Heliotrope Technologies - Product / Service
              • Exhibit 103: Heliotrope Technologies - Key offerings
            • 10.6 Hitachi Ltd.
              • Exhibit 104: Hitachi Ltd. - Overview
              • Exhibit 105: Hitachi Ltd. - Business segments
              • Exhibit 106: Hitachi Ltd. - Key news
              • Exhibit 107: Hitachi Ltd. - Key offerings
              • Exhibit 108: Hitachi Ltd. - Segment focus
            • 10.7 Pleotint LLC
              • Exhibit 109: Pleotint LLC - Overview
              • Exhibit 110: Pleotint LLC - Product / Service
              • Exhibit 111: Pleotint LLC - Key offerings
            • 10.8 Polytronix Inc.
              • Exhibit 112: Polytronix Inc. - Overview
              • Exhibit 113: Polytronix Inc. - Product / Service
              • Exhibit 114: Polytronix Inc. - Key offerings
            • 10.9 RavenWindow
              • Exhibit 115: RavenWindow - Overview
              • Exhibit 116: RavenWindow - Product / Service
              • Exhibit 117: RavenWindow - Key offerings
            • 10.10 SmartGlass International
              • Exhibit 118: SmartGlass International - Overview
              • Exhibit 119: SmartGlass International - Product / Service
              • Exhibit 120: SmartGlass International - Key offerings
            • 10.11 Stellaris Corp.
              • Exhibit 121: Stellaris Corp. - Overview
              • Exhibit 122: Stellaris Corp. - Product / Service
              • Exhibit 123: Stellaris Corp. - Key offerings
            • 10.12 View Inc.
              • Exhibit 124: View Inc. - Overview
              • Exhibit 125: View Inc. - Product / Service
              • Exhibit 126: View Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 127: Inclusions checklist
                • Exhibit 128: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 129: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 130: Research methodology
                • Exhibit 131: Validation techniques employed for market sizing
                • Exhibit 132: Information sources
              • 11.5 List of abbreviations
                • Exhibit 133: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Smart Windows market growth will increase by $780.66 million during 2022-2026.
              The smart windows market is expected to grow at a CAGR of 21.8% during 2022-2026.
              Technavio has segmented the smart windows market by application (Transportation, Commercial and industrial, Residential, and Others) and geographic (North America, Europe, APAC, Middle East and Africa, and South America).
              Ambilight Inc., Asahi India Glass Ltd., ChromoGenics AB, ClearVue Technologies Ltd., Compagnie de Saint Gobain SA, Diamond Glass, Gauzy Ltd., Gentex Corp., GEZE India Pvt. Ltd., Halio Inc., Heliotrope Technologies, Hitachi Ltd., Innovative Glass Corp., Nodis, Pleotint LLC, Polytronix Inc., PPG Industries Inc., RavenWindow, Smart Window Co., SmartGlass International, Stellaris Corp., Swastik Glass, View Inc. are a few of the key vendors in the smart windows market.
              North America will register the highest growth rate of 44.56% among the other regions. Therefore, the smart windows market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the smart windows market growth are:
              • Rising construction of residential houses and buildings
              • Advances and innovations in technology
              The smart windows market vendors should focus on grabbing business opportunities from the transportation segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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