India Smart Glass Market Size & Outlook, 2023-2030
India smart glass market, 2018-2030 (US$M)
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India smart glass market highlights
- The India smart glass market generated a revenue of USD 103.2 million in 2023 and is expected to reach USD 250.0 million by 2030.
- The India market is expected to grow at a CAGR of 13.5% 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.
Smart glass market data book summary
| Market revenue in 2023 | USD 103.2 million |
| Market revenue in 2030 | USD 250.0 million |
| Growth rate | 13.5% (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, India accounted for 1.6% 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 Asia Pacific, China smart glass market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 250.0 million by 2030.
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Smart Glass Market Scope
Smart Glass Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 60.56% in 2023. Horizon Databook has segmented the India smart glass market based on electrochromics, liquid crystal, spd, thermochromics, photochromic covering the revenue growth of each sub-segment from 2018 to 2030.
Smart glasses market in India is projected to reach USD 416.1 million, with increased product demand amid the ongoing digital transformation across several industrial verticals. Moreover, the rapid expansion of 5G networks across the country will also impel the demand for smart glasses in the coming years.
Presence of several manufacturers and distributors of smart glasses in India, who are continuously introducing innovative offerings, is positively influencing the market outlook. For instance, in June 2022, Noise launched Noise i1 smart eyewear in India, featuring motion compensation, motion estimation, a microphone for calls, hands-free voice control, magnetic charging, etc.
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Our clientele includes a mix of smart glass market companies, investment firms, advisory firms & academic institutions.
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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 India smart glass market , including forecasts for subscribers. This country databook contains high-level insights into India smart glass market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India smart glass market size, by technology, 2018-2030 (US$M)
India Smart Glass Market Outlook Share, 2023 & 2030 (US$M)
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