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The intelligent glass is also known as switchable glass or light control glass (LCG). The intelligent glass is a type of glass that controls and adjusts the light passing through it as per the fluctuation on the voltage, intensity of light, and variation of heat. It allows the vehicle glass to tint or dim from transparent to opaque in response to the temperature or other elements. Globally, with the rapid urbanization, industrialization, and increased standard of living, the demand of consumers is increasing day by day. They are highly inclined towards luxury, comfort, and high tech vehicles. Owing to these factors, the automakers are investing heavily in research to develop and innovate new technologies in automobiles to fulfill the demand of consumers as well as to balance with the rapidly changing world. In the initial period, the intelligent glasses were limited to architectural and construction purposes, but at the present time, the market is spreading widely into various sectors such as rails, aviation, marine, and automobile. Moreover, the private, as well as the government, is taking initiatives to invest and promote this technology to a large extent. All these factors are driving the growth of the intelligent glass market.
Key Market Driver -
Adoption of new technology, rising preferences towards luxury and growing trend of high tech vehicles are driving the growth of the market.
Key Market Restraint -
High production and installation cost and disadvantages of privacy may hamper the growth of the market.
Globally, the automotive intelligent glass market has been segmented by technology type, by application type, by glass type, by market type, by vehicle type, and by region. By technology type, the market is further segmented into suspended device particle glass, photochromatic glass, thermochromic glass, electrochromic glass, and polymer dispersed liquid crystal glass. The electrochromic glass is widely used across the globe owing to its extended product life, high functionality, advanced technology, and easy control. Also, the decline in the price of glasses in the market is expected to rise rapidly in the coming years. By application type, the market is further segmented into sunroofs, windshields, backlites, and sidelites. The windshield application is a widely used application owing to the increasing concern of safety components in vehicles.
Moreover, the OEMs are also integrating advanced technology equipped windshields in vehicles. Additional features like sun protection, safety purpose of the driver as well as passengers are also fuelling the growth of the windshield intelligent glass market. By glass type, the laminated glass is widely used in the automotive industry and is expected to increase in the forecast period. By market type, the OEM market is projected to gain the largest market of the intelligent glass of vehicles owing to the adoption of advanced technologies in automaking, heavy investments in research to develop high tech components of vehicles. The aftermarket is also showing a steady growth in this market. The increase in demand for luxury and safety concerns and the inclination of people towards the trend of intelligent glasses in vehicles is leading to the steady growth of this market. By vehicle type, the market is further divided into passenger cars and commercial vehicles. The passenger car market holds the largest market in the global intelligent glass market. With the increasing urbanization and improvement in the standard of living of people, the demand for passenger cars has increased rapidly over the last few years. Also, the rise in the disposable income of various countries, and changing preferences of consumers towards having private cars, and rise luxury and safety concerns are fuelling to the growth of the intelligent glass market in passenger cars.
The major companies in the global automotive intelligent glass market include PPG Industries, Pleotint LLC, Hitachi Co. Ltd, AGC Ltd, SAGE Electrochromics, RavenBrick LLC, Gentex Corp, and Scienstry Inc., among others.
Geographically, the automotive intelligent glass market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Europe holds the largest share in the intelligent glass market and is anticipated to increase rapidly in the forecast period. Germany is a leading manufacturer of vehicle intelligent glass. Furthermore, the adoption of advanced technologies and substantial investments in research by the automakers are leading the growth of the market in this region. The Asia Pacific holds the second largest market share of the intelligent glass of vehicles owing to the highest production and sale of vehicles in this region. Moreover, the extensive use of these glasses in automobiles by various countries such as China, Japan are propelling the market growth.
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