The global smart glass market reached an estimated USD 6.59 billion in 2023 – and is expected to grow at a compound annual growth rate (CAGR) of 9.9% from now until 2030. The U.S. market is expected to see a 9.0% CAGR. (Source: Grand View Research)

North America accounted for the largest share of revenue for the smart glass market – over 33% – in 2022. Market share is attributed to the growth of green buildings. (Source: Grand View Research)

The North American smart glass market is highly competitive but fragmented due to the various technologies (e.g. passive vs. active), mergers and acquisitions of the larger players and new entrants, and innovations due to R&D investment. (Source: Mordor Intelligence)

According to the various industry reports cited, key market players include (in no particular order): Corning, Inc., PPG Industries, Saint Goblin S.A., Smartglass International, and Polytronix, Inc.

The global smart home market size was valued at USD 101.07 billion in 2023 and is projected to grow from UDS 121.59 billion in 2024 to USD 633.20 in 2032 – with an expected CAGR of 30%. (Source: Fortune Business Insights)

IoT (Internet of Things) connections are expected to reach approximately 25 billion globally – up from 6.3 billion in 2016 – with growth being driven by the industrial IoT. The global IoT market will be worth USD 1.1 trillion in revenue in 2025! (Source: GSMA)