Smart Glass/Mirror in Automotive Market By Functionality (Connected, Non-Connected), By Technology (Electrochromic, Polymer Dispersed Liquid Crystal, Suspended Particle Devices, Thermochromic, Photochromic), By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles, Passenger Cars), By Applications (Side/Rear View Mirror, Sunroofs, Sidelites/ Backlites, Windshield) - Growth, Future Prospects, and Competitive Landscape, 2019 -2027

Key Market Insights 

"Increasing demand of Sustainable Solution projected to boost the overall demand for smart glass/ mirror in automotive sector"

The global smart glass/mirror in automotive market value was at US$ 1,159.3 Mn in the year 2018 and projected to reach US$ 2,752.0 Mn by 2027, witnessing a CAGR of 10.2% during the forecast from 2019 to 2027. 

Smart mirror is among those futuristic technologies that have paved its way into the world of intelligent automobiles through integration with computer-aided information service. Its distinctive aesthetic and technical attributes have increased its demand among various automobile manufacturers. Despite the sluggish growth of the automotive sector, smart mirror has registered double-digit growth in the past few years. Its protective features from UV and other harmful rays along with its contribution towards energy saving are some of the prime factors contributing towards the escalating growth of smart mirror. 

Market Synopsis

Smart Glass/ Mirror in Automotive Market

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Technology Analysis 

"SPD held the Largest Revenue Share in the Smart Glass/ Mirror in Automotive Market in the year 2018"

Suspended Particle Devices (SPD) glasses held the largest revenue share in the smart glass or mirror in the automotive market owing to its feature of saving electricity greater than 25%. SPD glasses control solar radiation that automatically reduces HVAC energy consumption. These glasses have an increasing demand in the automotive sector mainly due to favorable government policies regarding energy consumption. For instance, the USA has set a definite standard for the electricity consumption in light-duty vehicles for around 570 to 1140 Tera Watt-hour (TWh).

On the other hand, electrochromic glasses expected to witness magnificent growth during the forecast period. Its property to offer a high blockage ratio for harmful ultraviolet and infrared rays coupled with reduced response time are some of the prime factors favoring its escalating growth.

Smart Glass/ Mirror in Automotive Market

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Regional Analysis 

"Asia Pacific is projected to garner the Highest Growth during Forecast Period"

In 2018, Europe dominated the global smart glass/ mirror in the automotive market in terms of revenue share as automobile manufacturing is one of the most enduring industries of the region. North America is another prime region contributing to the revenue share of the global market. Increasing demand for smart and connected solutions is the prime reason supporting regional growth.

However, Asia Pacific projected to witness significant growth in the adoption of smart glasses in the automotive sector. The escalating growth of the region is mainly attributed to the high production rate of luxury and autonomous vehicles, especially in China and India. In addition, an increasing trend of alliances between auto manufacturers and technology companies in the Asia region to modify their self-driving solutions is very common these days. Recently, Honda signed an agreement with General Motors Cruise Holdings LLC to develop a new autonomous car. The company also plans to invest US$ 1.15 Mn in the upcoming 12 years plan for the same.

Smart Glass/ Mirror in Automotive Market

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Key Players & Competitive Landscape: 

"Increased research and development with strong product portfolio in the developed regions"

Global smart glass/ mirror in the automotive market is highly competitive owing to the presence of few players who specializes in manufacturing all smart glass technologies. Gentex Corporation is one of the leading market players that specializes in manufacturing SPD glasses for automotive. Similarly, Glaston Corp. and AGC Ltd. offer a diverse range of electrochromic and smart-tinting glass respectively. 

These days market competition has fiercely increased due to increasing technology investment by various market players. Each player in the market is actively working on product advancement coupled with regional expansion. The Asia Pacific offers a huge consumer base to the smart glass manufacturers because of which several companies have planned their regional expansion in the Asia Pacific in the forthcoming years. In addition, some players are also involved in the joint venture or partnership activities to strengthen their market position. 

List of Companies Covered:

  • Gentex Corporation
  • Gauzy Ltd.
  • Research Frontiers Inc.
  • Corning Inc.
  • SmartGlass International Ltd.
  • PPG Industries
  • SAGE Electrochromics
  • Hitachi Chemicals Co. Ltd.
  • View Inc.
  • Pleotint LLC.
  • AGC Ltd.

Smart Glass/ Mirror in Automotive Market

Key Industry Development: 

  • On October 26, 2018, Heliotrope Technologies Inc. and Glaston Corporation introduced NanoEC™ technology at a trade show ‘Glasstec 2018’ in Germany. The technology offers both dynamic aesthetic appearance and competitive price that helps in the mass adoption of electrochromic smart glasses to win the market. 
  • On January 10, 2018, Fisker Inc. launched an Electric Vehicle named Fisker-E-Motion equipped with SPD smart glass roof. The company also announced its plan to introduce smart side windows using SPD smart mirror technology for future vehicle launch. 
  • On December 7, 2017, AGC Ltd. and Kinestral Technologies signed a joint-venture agreement to accelerate the global adoption of ‘Halio’, a smart-tinting glass. 
  • On August 30, 2017, Nissan Technology introduced a new intelligent rear-view mirror in its Armada Platinum model. 

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The research study titled smart glass/mirror in automotive market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all round view of the global smart glass/mirror in automotive market based on functionality, technology, application, vehicle type, and geography. Key segments covered in the report are as follows: 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million
Segmentation

 Functionality Segment (2017–2027; US$ Mn)
 • Linear Vibrating Screen
 • Circular Vibrating Screen
 • Elliptical Vibrating Screen

 Technology Segment (2017–2027; US$ Mn)
 • Electrochromic
 • Polymer Dispersed Liquid Crystal (PDLC)
 • Suspended Particle Devices (SPD)
 • Thermochromic
 • Photochromic

 Application Segment (2017–2027; US$ Mn)
 • Side/rear view mirror
 • Sunroofs
 • Sidelites/ Backlites
 • Windshield

 Vehicle Type Segment (2017–2027; US$ Mn)
 • Light Commercial Vehicles (LCVs)
 • Heavy Commercial Veicles (HCVs)
 • Passenger Cars

 Geography Segment (2017–2027; US$ Mn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • What was the global market size of smart glass/mirror in automotive in 2017 & 2018?
  • What is estimated forecast and market projections up to 2027?
  • Which is largest regional market for smart glass/mirror in automotive?
  • Which technology has the largest penetration in smart glass/mirror in automotive market?
  • Which is the most lucrative application for smart glass/mirror in automotive?
  • Which are the predominant trends shaping the global smart glass/mirror in automotive market?
  • Which is the most promising, attractive, and less-explored region in the global smart glass/mirror in automotive market?
  • Who are the leading vendors in the global smart glass/mirror in automotive market?
  • What are the premiere strategies adopted by the leading vendors in the global smart glass/mirror in automotive market? 
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Published Date:  Jan 2020
Category:  Automotive & Transportation
Report ID:   60141
Report Format:   PDF
Pages:   120
Rating:    4.1 (49)
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