South Korea Smart Glass Market Size & Outlook, 2023-2030
South Korea smart glass market, 2018-2030 (US$M)
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South Korea smart glass market highlights
- The South Korea smart glass market generated a revenue of USD 199.6 million in 2023 and is expected to reach USD 436.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.8% 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 199.6 million |
| Market revenue in 2030 | USD 436.0 million |
| Growth rate | 11.8% (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, South Korea accounted for 3.0% 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 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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South Korea 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 60.37% in 2023. Horizon Databook has segmented the South Korea smart glass market based on electrochromics, liquid crystal, spd, thermochromics, photochromic covering the revenue growth of each sub-segment from 2018 to 2030.
The strong presence of various technology companies and suppliers of smart glasses in the country is driving the market growth. Besides, increasing adoption across various industrial applications is also creating ample opportunities for market growth.
For instance, in September 2022, the public railway operator in South Korea announced to employ smart glasses to help railway workers monitor railway facilities efficiently.
This smart solution is attached to a safety helmet and can automatically monitor facilities through its voice recognition functionality and write reports based on inspection results. Such initiatives will significantly contribute to the market growth over the coming years.
Reasons to subscribe to South Korea smart glass market databook:
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Target buyers of South Korea 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 country-level data and insights on the South Korea smart glass market , including forecasts for subscribers. This country databook contains high-level insights into South Korea smart glass market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea smart glass market size, by technology, 2018-2030 (US$M)
South Korea Smart Glass Market Outlook Share, 2023 & 2030 (US$M)
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