A report published in December 2012 says applications for smart glass are growing and predicts the market will reach $3.83 billion by 2017.

This represents a compound annual growth rate of 20.3 percent from 2012.

The report attributes the commercialization of smart glass technologies such as Electrochromic (EC) and Suspended Particle Display (SPD) to the increasing rate of adoption. Such technologies can be used in residential and commercial construction.

Installing smart glass is widely viewed as a means of making buildings "greener” and helping achieve net-zero energy goals. According to the report, current emphasis on green building and improved sustainability are also factors driving the market for smart glass.

How might this growth impact your business?