Builders are looking for a more efficient and energy-saving way to reduce construction costs. The birth of smart glass just solved this problem. Smart glass can replace air conditioners to effectively reduce the cost of heating and cooling. Therefore, the demand for smart glass is in a stage of linear increase. The application of smart glass mainly relies on four technologies: liquid crystal technology, electrochromic technology, suspended particle technology and thermochromic materials. According to the forecast of relevant agencies, the demand for smart glass will reach 3.1 million square meters in 2020, and will exceed 5.5 million square meters by 2030. The annual output value of the global market will increase from 200 million in 2018 to 1.5 billion.

Despite the huge market potential, the widespread application of smart glass is still difficult. The most important obstacles are credibility and price. Facts have proved that as long as the price drops, the investment has received substantial returns, designers, engineers and builders will find ways to expand the application of these new materials.

The research and development of smart glass has been up to 25 years or more, but in the last 10 years, the market share of smart glass is still very low. Fortunately, in the past 3-4 years, R&D investment, product application and productivity have increased significantly. A large amount of capital has poured into the research and development of new smart glass and the improvement of productivity. Overall, this industry is changing from small-scale batch processing to large-scale production, especially in the construction glass segment.

The report also outlines that smart glass has been affirmed by more and more industries, and its application range is getting wider and wider. It can be seen everywhere from construction, automobiles to aviation and navigation. This report also analyzes in detail the driving forces and obstacles, costs and benefits of smart glass development, so that investors can more fully see the challenges and opportunities that smart glass will face in the future.