Smart glass is also known as switchable glass, dimmable glass, or magic glass. It has the ability to adjust the light transmission properties dynamically or statically, depending on stimuli. The stimuli could be light, voltage, or heat, which alters the light transmission properties. Such glasses do not require electricity to maintain their state of opacity or for a color change. The installation of smart glass helps reduce the energy spent on HVAC and lighting systems as well as improve the indoor environmental quality of buildings. "
Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and adoption of growth strategies. These players have a broad portfolio of products that caters to most regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.
Since the past decade, there are many companies in the smart glass market that are largely dependent on their competitive research and development (R&D) activities. Most of the dynamic differentiators are classified under Tier 2 and Tier 3 companies, having a presence in various regions worldwide. Some of the Tier 1 companies are also classified in dynamic differentiators, with smart glass as one of their offerings along with a wide range of product portfolio.
The smart glass market is highly dependent on innovators, because of the emerging application of smart glass in various verticals such as architecture, aerospace, infrastructure, and automotive.
The emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.