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

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

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

The smart mirror is among those futuristic technologies that have paved its way into the world of intelligent automobiles through integration with computer-aided information services. Its distinctive aesthetic and technical attributes have increased its demand among various automobile manufacturers. Despite the sluggish growth of the automotive sector, the 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 to the escalating growth of smart mirrors. 

Market Synopsis

Technology Analysis 

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

Suspended Particle Devices (SPD) glasses held the largest revenue share in the automotive market's smart glass or mirror because of their feature of saving electricity by greater than 25%. In addition, 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 are 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.

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 in the region. However, 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 is 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 Asia 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.

Key Players & Competitive Landscape:

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

Global smart glass/ mirror in the automotive market is highly competitive owing to a few players specializing in manufacturing all smart glass technologies. For example, Gentex Corporation is a leading market player specializing 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 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 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.

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 a 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 launches. 
  • 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 and quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, 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 the automotive market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. In addition, the report provides an all-around view of the global smart glass/mirror in the automotive market based on functionality, technology, application, vehicle type, and geography.

Frequently Asked Questions

The market for Smart Glass/Mirror in Automotive is expected to reach US$ 2,752.0 Mn in 2028.

The Smart Glass/Mirror in Automotive market is expected to see significant CAGR growth over the coming years, at 10.2%.

The report is forcasted from 2015-2022.

The base year of this report is 2021.

Gentex Corporation, Gauzy Ltd., Research Frontiers Inc., Corning Inc., SmartGlass International Ltd., PPG Industries, SAGE Electrochromics, Hitachi Chemicals Co. Ltd., View Inc., Pleotint LLC. are some of the major players in the global market.

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Published Date:  Jan 2020
Category:  Automotive & Transportation
Report ID:   60141
Report Format:   PDF
Pages:   120
Rating:    4.1 (49)
Delivery Time: 24 Hours to 48 Hours   
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