Automotive Smart Glass Market Size

Statistics for the 2023 & 2024 Automotive Smart Glass market size, created by Mordor Intelligence™ Industry Reports. Automotive Smart Glass size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Automotive Smart Glass Industry

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Automotive Smart Glass Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 2.75 Billion
Market Size (2029) USD 7.42 Billion
CAGR (2024 - 2029) 22.03 %
Fastest Growing Market Europe
Largest Market North America

Major Players

Automotive Smart Glass Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Automotive Smart Glass Market Analysis

The Automotive Smart Glass Market size is estimated at USD 2.75 billion in 2024, and is expected to reach USD 7.42 billion by 2029, growing at a CAGR of 22.03% during the forecast period (2024-2029).

  • The COVID-19 pandemic had a negative impact on the market as vehicle production declined, and the shutdown of manufacturing units resulted in a slowdown in the market. However, as restrictions were relieved and automobile production started gaining traction, the market was anticipated to have positive growth during the forecast period.
  • Innovations in automotive smart glass and rising applications of smart glass in premium and luxury vehicles are expected to drive demand in the market. Further, the growing participation of key automotive players like Tesla, Tata, Mercedes, BMW, etc., in the market through active launches and collaborations with automotive smart glass manufacturers is anticipated to further support the growth of the market during the forecast period.
  • Expansion of the automotive industry across the globe, along with increasing sales of sports utility vehicles (SUVs) and premium cars, is expected to drive sales of automotive smart glass. Mercedes-Benz uses smart glass technology for the "Magic Sky Control" roof on some of its vehicles, and McLaren offers it as an option in the McLaren 720S. Some car brands, including Jaguar and Land Rover, have recently released new car models with heated front windshields. A heated front windshield is ideal for Pennsylvania winters because it's able to defog and defrost faster than standard types.
  • Regions like Asia-Pacific and Europe are forecasted to be the fastest-growing automotive smart glass market. In Asia-Pacific, China is expected to continue to be the driver of the market, with Japan being the hub of technology in the automotive sector.

Automotive Smart Glass Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)