Canada Smart Glass Market Size & Outlook, 2023-2030
Canada smart glass market, 2018-2030 (US$M)
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Canada smart glass market highlights
- The Canada smart glass market generated a revenue of USD 130.7 million in 2023 and is expected to reach USD 272.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.1% 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.
Smart glass market data book summary
| Market revenue in 2023 | USD 130.7 million |
| Market revenue in 2030 | USD 272.8 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Electrochromics |
| Fastest growing segment | SPD |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 2.0% of the global smart glass market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. smart glass market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 272.8 million by 2030.
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Smart Glass Market Scope
Smart Glass Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 64.12% in 2023. Horizon Databook has segmented the Canada smart glass market based on electrochromics, liquid crystal, spd, thermochromics, photochromic covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is estimated to reach USD 327.3 million by 2030, over the forecast period with the increasing consumer expenditure on tech products and smart gadgets in the country. Several market players and suppliers in the country are actively engaged in the distribution of smart glasses to gain a competitive advantage.
For instance, in 2021, Vuzix Corporation collaborated with TeleVU Innovation, Canadas supplier for communication solutions for smart glasses that facilitate live and secure audio-visual connection between the frontline clinicians and experts working remotely.
As a part of this initiative, the latter will supply Vuzix M400 Smart Glasses across Canada. Such strategic initiatives are expected to offer lucrative opportunities for the market in the coming years.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada smart glass market , including forecasts for subscribers. This country databook contains high-level insights into Canada smart glass market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada smart glass market size, by technology, 2018-2030 (US$M)
Canada Smart Glass Market Outlook Share, 2023 & 2030 (US$M)
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