Asia Pacific Smart Glass Market Size & Outlook, 2023-2030
Asia Pacific smart glass market, 2018-2030 (US$M)
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Asia Pacific smart glass market highlights
- The Asia Pacific smart glass market generated a revenue of USD 1,624.7 million in 2023.
- The market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, electrochromics was the largest revenue generating technology in 2023.
- SPD is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,624.7 million |
| Market revenue in 2030 | USD 3,472.0 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Electrochromics |
| Fastest growing segment | SPD |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electrochromics, Liquid Crystal, SPD, Thermochromics, Photochromic |
| Key market players worldwide | AGC Inc, Corning Inc, Gauzy Ltd, Gentex Corp, Guardian Capital Group Ltd, Merck KGaA, Nippon Sheet Glass Co Ltd, PPG Industries Inc, Compagnie de Saint-Gobain SA, Research Frontiers Inc, ViewBix Inc, SMART Global Holdings Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.7% of the global smart glass market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,472.0 million by 2030.
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Smart Glass Market Scope
Smart Glass Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific smart glass market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart glass market will help companies and investors design strategic landscapes.
Electrochromics was the largest segment with a revenue share of 59.91% in 2023. Horizon Databook has segmented the Asia Pacific smart glass market based on electrochromics, liquid crystal, spd, thermochromics, photochromic covering the revenue growth of each sub-segment from 2018 to 2030.
The smart glasses market in the Asia Pacific is expected to increase over the forecast period with the rising disposable income and increasing demand for luxury. Additionally, increased adoption of IoT applications and artificial intelligence in the region is expected to boost the market growth further in the region.
Several regional layers are focusing on launching innovative solutions to gain a competitive edge. For instance, in August 2022, Xiaomi launched its first Mijia AR Glasses Camera in China. This new product features a dual camera setup.
A 50-megapixel Auad Bayer four-in-one wide-angle camera, and an 8-megapixel periscopic telephoto camera with split OIS optical stabilization. Such developments are favoring the expansion of the regional market.
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Target buyers of Asia Pacific smart glass market databook
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Our clientele includes a mix of smart glass market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific smart glass market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smart glass market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific smart glass market size, by country, 2018-2030 (US$M)
Asia Pacific Smart Glass Market Outlook Share, 2023 & 2030 (US$M)
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