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Smart Windows Market to Grow by USD 3.80 Billion (2024-2028), Driven by Rising Residential Construction, with AI Redefining Market Landscape – Technavio

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NEW YORK, Nov. 19, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global smart windows market size is estimated to grow by USD 3.80 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  12.74%  during the forecast period. Rising construction of residential houses and buildings is driving market growth, with a trend towards growing number of strategic alliances and partnerships. However, technological limitations with smart windows  poses a challenge.Key market players include Ambilight Inc., Asahi India Glass Ltd., ClearVue Technologies Ltd., Compagnie de Saint Gobain, Crystal Pacific Window and Door Systems, Diamond Glass, Gauzy Ltd., Gentex Corp., Halio Inc., Innovative Glass Corp., Nodis, Polytronix Inc., PPG Industries Inc., RavenWindow, Smart Glass India, Smart Window, Smart Windows Colorado, SmartGlass International, Stellaris Corp., and View Inc.

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Smart Windows Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.74%

Market growth 2024-2028

USD 3.80 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.04

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 46%

Key countries

US, Canada, China, Japan, and UK

Key companies profiled

Ambilight Inc., Asahi India Glass Ltd., ClearVue Technologies Ltd., Compagnie de Saint Gobain, Crystal Pacific Window and Door Systems, Diamond Glass, Gauzy Ltd., Gentex Corp., Halio Inc., Innovative Glass Corp., Nodis, Polytronix Inc., PPG Industries Inc., RavenWindow, Smart Glass India, Smart Window, Smart Windows Colorado, SmartGlass International, Stellaris Corp., and View Inc

Market Driver

Smart windows, also known as glass products with advanced light and heat control, are trending in the construction sector. These translucent and transparent windows adjust to ambient conditions, saving energy costs on heating, cooling, and lighting. Motorized light screens, blinds, and curtains are popular alternatives to traditional window coverings. Energy-saving heating and lateral lighting are key benefits, reducing air conditioning usage. The automobile sector is embracing smart windows for luxury vehicles, while the industrial-scale production capacity increases. Partnership announcements and extensive marketing endeavors boost recognition and operational efficiency. Advanced materials, such as electrochromic, lower prices and offer privacy control in various sectors like conference rooms, intensive-care areas, and bathrooms. Self-dimming windows and OLED glass are the latest advancements. The transportation sector, including commercial vehicles, trains, and passenger vehicles, also benefits from smart windows. Despite market restraints like lack of awareness and high investment levels, the long-term benefits are significant. Technological advancements, such as electrochromism, vibrant applicability, and self-repairing properties, continue to drive growth. 

The global smart windows market experiences significant competition among vendors, driven by the market’s moderate fragmentation and rapidly advancing technologies. This intense competition has led to an increase in strategic partnerships. The construction industry’s growing demand for glass curtain walls further motivates market participants to form alliances, expanding their market reach and customer base. Notable mergers and acquisitions in the smart windows market include [mention specific M&A deals here]. To maintain a competitive edge, established vendors are expected to strengthen their market presence through strategic collaborations. 

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 Market Challenges

The Smart Windows Market encompasses advanced glass products with light transmission properties that respond to electricity, providing light and heat control. Buildings, particularly business, residential, and commercial, are major consumers, utilizing climate-adaptive shells to reduce energy costs. Motorized light screens, blinds, and curtains are alternatives, but smart windows offer energy-saving heating, lateral lighting, and air conditioning. The automobile sector also benefits from smart windows, with blackout smart glass and low-emissivity coatings blocking UV rays. The construction sector faces challenges like market restraints due to lack of awareness and high investment levels. However, the long-term benefits, including privacy control, operational efficiency, and cost efficiency, outweigh these hurdles. Advanced materials like electrochromic and polymer-dispersed liquid crystals are driving innovation, with vibrant applicability in various sectors. Partnership announcements and industrial-scale production capacity are increasing recognition, while lowering prices make these technologies more accessible. The transportation sector, including automotive and aerospace, is a significant market, with self-dimming windows and OLED glass leading the way. Smart windows adapt to ambient conditions, offering manual controls for energy efficiency. Technological advancements include self-repairing and thinner display panels, making them increasingly cost-effective and desirable. Despite challenges, the future of smart windows is bright, with extensive marketing endeavors and stable performance ensuring their continued usage and recognition.The smart windows market faces challenges related to the reliability and effectiveness of current technology. According to a report by the National Renewable Energy Laboratory (NREL), concerns include durability issues, material constraints, and the need for advanced control systems. The report highlights that the performance and longevity of existing smart window materials are suboptimal, potentially reducing the product’s overall lifespan. This limitation may hinder market growth and hinder widespread adoption. Additionally, the need for improved control systems adds another layer of complexity for smart window manufacturers.

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Segment Overview 

This smart windows market report extensively covers market segmentation by  

Type 1.1 OLED glass1.2 Self-dimming window1.3 Self-repairing windowsApplication 2.1 Transportation2.2 Commercial and industrial2.3 ResidentialGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 OLED glass-  The OLED segment of the smart windows market has experienced notable growth in the last decade. OLED, or organic light emitting diode, is a type of glass that generates light when an electric current is passed through it. Smart windows incorporate OLED glass to manage the quantity of light and heat entering buildings. This technology offers enhanced control over natural light in a room, enabling adjustable transparency and opacity levels. The OLED glass segment’s popularity stems from its allure and energy efficiency, leading to substantial expansion during the forecast period. Additionally, OLED glass’s thin, adaptable, and size-versatile properties make it suitable for various applications in both residential and commercial structures. The trend towards sustainable and eco-friendly construction practices further fuels the demand for OLED glass. Consumers seeking environmentally-friendly options find smart windows appealing due to their energy savings and reduced greenhouse gas emissions. These factors are expected to boost the demand for the OLED glass segment, consequently driving the growth of the smart windows market.

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Research Analysis

Smart windows, also known as intelligent glass or dynamic glass, are advanced glass products that offer exceptional light transmission properties while providing control over heat application. These translucent and transparent glass solutions utilize electricity to adjust their light wavelengths, allowing them to regulate the amount of light and heat that enters buildings. Smart windows are increasingly popular in various sectors, including buildings with exterior walls, climate-adaptive shells, and personal property buildings. They help reduce energy costs by managing heating, cooling, lighting, and air conditioning requirements. Motorized light screens, blinds, and curtains are alternative solutions that can also provide energy savings. Smart windows are not limited to buildings; they also find applications in the automobile sector. These glass products offer benefits such as energy-saving heating, lateral lighting, and protection against UV rays. In the construction sector, they address issues like dynamic glare and light control, making them an essential component of modern, sustainable architecture.

Market Research Overview

Smart windows, also known as intelligent glass or electrochromic glass, are revolutionizing the building and automobile sectors with their unique light transmission properties. These innovative glass products offer the ability to control light and heat application through electricity, making them translucent or transparent based on ambient conditions. This technology is applicable to buildings, both exterior walls and climate-adaptive shells, and offers significant energy savings through energy-saving heating, lateral lighting, and air conditioning. The market for smart windows is vast, spanning business, residential, commercial, personal property buildings, and even the automobile sector. Advanced materials, such as electrochromic and polymer-dispersed liquid crystals, are used to create these windows, with vibrant applicability in various sectors. The use of smart windows offers numerous benefits, including privacy control, operational efficiency, and cost efficiency. However, the initial investment levels can be high, and market restraints include a lack of awareness and long-term benefits recognition. Despite this, extensive marketing endeavors and advancements in technology, such as self-dimming and self-repairing windows, are driving usage and recognition. The transportation sector, including the automobile and aerospace industries, is also adopting smart window technology, with applications ranging from luxury automobiles to commercial vehicles, trains, and passenger vehicles. The construction sector is also investing in industrial-scale production capacity to meet the growing demand for these energy-efficient and advanced materials. Smart windows offer significant control over light wavelengths, including UV rays, and can be used in various applications, such as blackout smart glass, low-emissivity coatings, and motorized light screens. They can also be used in conjunction with other energy-saving technologies, such as energy-efficient lighting and HVAC systems, to further reduce energy costs. The technology behind smart windows is based on the scientific principle of electrochromism, which involves the application of an electrical voltage to change the color of the window from clear to dark or bluish. This decrease in price and advancements in electrochromic materials have made these windows increasingly accessible to a wider audience. In conclusion, smart windows offer numerous benefits, including energy savings, privacy control, operational efficiency, and cost savings, making them a valuable investment for both commercial and residential buildings, as well as the transportation sector. With ongoing advancements in technology and increasing awareness, the market for smart windows is poised for significant growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeOLED GlassSelf-dimming WindowSelf-repairing WindowsApplicationTransportationCommercial And IndustrialResidentialGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Neusoft Education officially renamed as ” Neutech Group Limited “, accelerating the advancement of the “education-healthcare-wellness and mind tour” strategy in a new stage

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HONG KONG, Jan. 11, 2025 /PRNewswire/ — On 9 January, Neusoft Education (09616.HK) announced that the Company’s English name will change from “Neusoft Education Technology Co. Limited” to “Neutech Group Limited”. The name change will take effect on the same day.

According to the announcement, the Company’s renaming to “Neutech Group Limited” better reflects its strategic transformation and upgrade, and more accurately demonstrates its five-in-one industry layout of “education-healthcare-wellness and mind tour”. This will establish a new corporate brand image and highlight the Company’s comprehensive strength in technological innovation and integrated development. Starting with the name change, the Company will focus on education and adapt to the aging economy, promoting the parallel development of academic education, continuing education, senior education, and resource output. This will create a business model of “education-assisted healthcare, education-assisted wellness, medical-care conversion, medical-education assistance, care-supported medicine, and care-education assistance”. Driven by technology and platform research and development, the company will achieve integrated development of education, medicine, care, health, and tourism, as well as efficient use of human, financial, and material resources. This will build a harmonious and inclusive “education + technology + medical care + health + tourism” prosperous ecosystem. It is expected to further enhance the Company’s brand reputation and industry influence, and support its sustainable development.

Neutech Group, as a pioneer in the “education-healthcare-wellness and mind tour” ecosystem in China, successfully listed on the Main Board of the Hong Kong Stock Exchange on 29 September 2020, becoming the “first stock of IT higher education” (stock code: 9616.HK). With the broad market opportunities brought by the aging population and the positive support of policies for the development of the elderly care industry, the Company leverages its innovative research and development capabilities in “education + technology + medical care” to build a new ecosystem of integrated development of ” education-healthcare-wellness and mind tour”.

In the education technology business sector, the Company will retain the main body of ” Neusoft Education Group” and continue to operate academic education, continuing education, and resource output businesses. Based on IT innovation education, the Company will further develop the “digital media” and “medical care” fields, build an integrated ecosystem of “education-healthcare-wellness”, and consolidate the core competitiveness of education technology in the future. The Company will also establish a characteristic product and service system based on the 4S model, providing first-class platforms, resources, models, and management services to governments, universities, hospitals, and health care institutions, continuously empowering partners’ reform and development.

In the elderly education and elderly care technology business sector, following the concept of “Elderly care starts with prevention, education drives elderly care, and technology empowers elderly care”, the Company has deeply developed elderly education through Neuedu Phoenix Academy and created a unique “LIFECARES” model of integrated elderly education with “leisure, care, medical services, education, and integration”. Using top-notch medical and care services and platform services to empower the elderly to live a happy life, the Company is building a dream university for active seniors. In addition, the Company will strengthen the training of elderly care service personnel by creating a one-stop industry chain of “university training + training + intern + human resource services”. On the other hand, the Company will build a medical and care technology operation service model, create an elderly care solution industrial ecosystem through the output of overall smart elderly care solutions and elderly care technology products and services, and achieve mutually beneficial cooperation with ecological partners.

In the medical and health care service sector, the Company integrates customer management service systems to provide intelligent medical and elderly care information solutions, and create a “medical care and elderly care” integrated development system with treatment-based medical institutions, rehabilitation-based nursing institutions, and care-based elderly care institutions. Its subsidiaries, Ruikang Cardiovascular Hospital, Dalian Ruikang Zhuomei Stomatology Hospital Co., Ltd., and Wecare Family Nursing Home, have been put into operation.

In the wellness tourism sector, targeting energetic seniors, the Company integrates tourism, education, and elderly care into one, with a focus on “leisure learning, slow travel, and peaceful living”. Through the concept of “study-travel-care”, seniors can experience a variety of dimensions of “learning-travel-care” in their travel and learning process, creating a comprehensive elderly education model that provides opportunities for art experiences, promotes physical and mental relaxation, enhances cultural literacy, and expands social interaction.

In addition, the Company expands its industrial management and service sector, with the vision of building a better life and using technology to empower intelligent logistics. It explores diverse, characteristic, and value-added service models to meet the diverse needs of internal and external customers, continuously expanding its brand reputation and social influence.

With its keen market insight and deep accumulation of industry and education resources, Neutech Group Limited actively embraces the development of the silver-haired economy, timely enters new tracks, and improves its position in the industrial ecosystem. Now, the Group’s new layout of “education-healthcare-wellness and mind tour ” has been formed, which not only helps to create a new growth curve but also continuously expands new development margins, moving towards becoming a leader in the development of the “education-healthcare-wellness and mind tour” ecosystem.

CONTACT: Lin Wei, weilin@neuedu.com

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SOURCE Neutech Group Limited

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RoboSense and Coco Robotics Forge Strategic Partnership to Revolutionize Autonomous Last-Mile Delivery

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LAS VEGAS, Jan. 12, 2025 /PRNewswire/ — RoboSense (2498.HK), a global leader in AI-driven robotics technology, and Coco Robotics, an innovator in delivery robots, have announced a strategic partnership to transform last-mile logistics. By combining RoboSense’s advanced sensor technology with Coco Robotics’s delivery solutions, the collaboration aims to enhance safety, efficiency, and sustainability in urban networks.

Coco Robotics bridges the gap between local businesses and customers through advanced navigation and real-time tracking, prioritizing sustainability by reducing carbon emissions and delivery costs. Since its launch in 2020, the company has expanded operations to major U.S. and European cities, forming partnerships with food delivery leaders like Uber Eats and DoorDash to meet the growing demands of modern logistics and support a greener future.

This partnership addresses key challenges in autonomous last-mile delivery by integrating RoboSense’s perception solutions into Coco Robotics’s fleet to enhance navigation and obstacle detection. Together, the companies are accelerating the deployment of delivery robots to optimize efficiency and scale operations.

“We’re thrilled to collaborate with RoboSense to push the boundaries of what’s possible in last-mile delivery,” said Zach Rash, Co-founder and CEO of Coco Robotics. “This partnership strengthens our ability to provide safe, reliable, and sustainable delivery solutions at scale, helping us better serve businesses and communities.”

Mark Qiu, CEO of RoboSense, said, “The successful collaboration with Coco Robotics is one of the key milestones in RoboSense’s global strategy. By combining our visual sensor technology with Coco Robotics’ innovative robotics solutions, we aim to redefine what’s possible in autonomous last-mile delivery. RoboSense will continue to innovate, providing superior incremental components and solutions to our global robotics customers. Partnering with Coco Robotics, we will create safer, smarter robotic delivery services and expand into global markets.”  

About RoboSense

RoboSense (2498.HK), founded in 2014, is an AI-driven robotics technology company that supplies industry-leading incremental components and solutions for the robotics market. The company is committed to “Become the global leader in robotics technology platforms”, and its mission is “Safer world, Smarter life”. For more information about RoboSense, visit https://www.robosense.ai 

About Coco Robotics

Coco Robotics is the world’s largest urban robot delivery platform. Founded in 2020, Coco has completed over 500,000 zero-emission deliveries, serving customers in the US and Europe. Coco’s mission is to create a more sustainable, reliable, and affordable last-mile logistics solution in cities around the world. For more information about Coco, visit cocodelivery.com  

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SOURCE RoboSense Technology Co., Ltd.

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AI Wellness Launches SoCal Fire Relief Initiative to Support Families and First Responders in Southern California

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LOS ANGELES, Jan. 11, 2025 /PRNewswire/ — Demonstrating a commitment to both innovation and compassion, AI Wellness has officially launched the SoCal Fire Relief Initiative to provide aid to families and first responders affected by the devastating fires in Southern California. Unveiled during CES 2025, this initiative aims to deliver critical resources and long-term recovery solutions to the communities hardest hit by this tragedy.

 

Southern California is more than just where we operate—it’s our home,” said Dr. Gideon Kwok, Co-Founder of AI Wellness. “The fires have left countless families without homes, belongings, and hope. This initiative is our way of giving back and rebuilding the lives of our neighbors and the first responders who have worked tirelessly to protect them.”

Let’s Take Action Together

The SoCal Fire Relief Initiative brings together individuals, brands, and organizations to address the urgent and long-term needs of affected communities. In partnership with the Mission Community Hospital Foundation and the Santo Niño Health Center, AI Wellness is leading efforts to:

Provide essential supplies such as food, water, clothing, and medical care to displaced families.Deliver hydration and wellness resources to first responders working on the frontlines.Support long-term community recovery through wellness programs and innovative solutions.

“It is during a crisis that the best of humanity comes out,” said Bernard Hiller. “It’s important for those affected to know they are not alone. This is a huge undertaking that we cannot do without you. These are our friends, neighbors, and family. Please help us.”

How You Can Help

The initiative provides several ways to make a difference:

Donate to Relief Efforts:
Contributions directly fund essential resources for families and first responders.Send Water to Evacuation Centers:
Every purchase of AI Wellness Water helps ensure first responders and displaced families stay hydrated, while also funding continued production and donation efforts.Spread Awareness:
Share the SoCal Fire Relief Initiative with your networks to amplify its reach and inspire collective action.Wellness Bundles:
Wellness bundle purchases such as the Powersuit, Smart Ring, and Mindbody Matrix Water, help support relief efforts with proceeds contributing to recovery initiatives.

DONATE HERE

Real Impact in Action

Since the fires began, AI Wellness and its partners have made a significant impact:

Delivered over 10,000 water packs to evacuation centers and first responders.Distributed 500 wellness bundles to displaced families.Donated proceeds from the first 1,000 AI Wellness Powersuits and 5,000 Smart Rings to relief efforts.Raised $250,000 to support critical aid and recovery.

“This initiative is about more than providing relief,” said Abby Aboitiz Founder of AI Wellness. “It’s about restoring hope and rebuilding our community, together.”

Uniting Brands and Innovators

During CES 2025, AI Wellness called on brands and innovators to collaborate on this critical mission. Companies can contribute by donating resources, partnering on curated wellness bundles, or amplifying awareness for the initiative.

“We’re inspired by the innovation and generosity of the brands we’ve met here at CES,” said Dr. TK Huynh, Medical Innovator at AI Wellness. “Together, we can transform this tragedy into an opportunity to rebuild lives and strengthen our community.”

Join the SoCal Fire Relief Initiative

Support the SoCal Fire Relief Initiative by visiting aiwellness.ai or contacting AI Wellness directly:

Email: info@aiwellness.aiInstagram: @aiwellnesstv

About AI Wellness

AI Wellness is a pioneer in health, wellness, and philanthropy, combining cutting-edge AI technology with innovative solutions to address the most pressing challenges facing communities today. From digital avatars to precision education and curated wellness bundles, AI Wellness empowers individuals and brands to make a meaningful impact.

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SOURCE Assisted Intelligence Wellness, Inc.

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