2024 was a landmark year for technological advancements, but 2025 is shaping up to be even more transformative. While artificial intelligence (AI) continues to dominate the conversation, other next-generation technologies are quietly reshaping industries and revolutionizing everyday life.
One standout trend driving this transformation is the rise of smart technologies—products that integrate advanced materials, AI and automation into solutions that enhance efficiency, adaptability, and performance. From smart glass and advanced driver assistance systems (ADAS) to cutting-edge display technologies and sustainable building materials, these innovations are quickly transforming industries like consumer electronics, automotive and architecture.
In turn, these smart technology markets are expected to grow rapidly over the next five years. The global smart glass market, valued at $55 billion in 2024, is projected to reach $124 billion by 2028¹, while the global display glass market is expected to grow to $141 billion by 2028,² fueled by increasing demand for high-definition and ultra-high-definition displays. At the same time, the Advanced Driver Assistance Systems (ADAS) market, a cornerstone of automotive innovation, is set to surpass $86 billion by 2029.³
With that in mind, here are five companies pushing the boundaries of next-generation technology and worth watching closely in 2025:
- Gauzy Ltd. (NASDAQ:GAUZ)
- Trex Company Inc. (NYSE:TREX)
- Gentex Corporation (NASDAQ:GNTX)
- Corning Inc. (NYSE:GLW)
- Mobileye Global Inc. (NASDAQ:MBLY)
1. Gauzy Ltd. (NASDAQ:GAUZ)
Gauzy Ltd. (NASDAQ:GAUZ) is a vertically integrated material science and technology company, seamlessly managing everything from research and development to manufacturing and marketing.⁴ This comprehensive approach enables Gauzy to pioneer transformative technologies in light and vision control, including its Polymer Dispersed Liquid Crystal (PDLC) and Suspended Particle Device (SPD) smart glass technologies. These innovations provide dynamic control over transparency and light transmission, setting new standards for functionality and design.
While smart glass is fundamental to Gauzy’s innovation, the company’s expertise and offerings extend beyond light control to include vision-control safety systems for the commercial vehicle market. This includes its Smart-Vision® Camera Monitor System (CMS), a next-generation AI-powered Advanced Driver Assistance Systems (ADAS) replacing traditional side mirrors with high-definition cameras and displays. This dual focus allows Gauzy Ltd. (NASDAQ:GAUZ) to capitalize on growth across multiple industries, including automotive, architecture, and aeronautics, where demand for energy efficiency, safety, and sustainability is on the rise.
Gauzy’s smart glass technologies are reshaping industries like automotive, aeronautics, and architecture. The company’s Light Control Glass (LCG®) solutions dynamically adjust transparency on demand through an electric charge, offering precise control over light and privacy.
Gauzy’s (NASDAQ:GAUZ) SPD (Suspended Particle Device) smart glass technology has been paired with Transparent OLED (TOLED) displays, enhancing this cutting-edge display technology with greater contrast for improved optical performance. Through a strategic partnership with LG Displays, Gauzy is driving innovation in transparent display solutions, unlocking new possibilities for dynamic, high-contrast visual experiences.
Gauzy’s solutions have been adopted in high-profile architectural projects worldwide including National Geographic headquarters, Wix’s corporate offices and a cruise ship terminal in Miami, demonstrating their role in advancing the use of smart building materials.
In the automotive sector, Gauzy Ltd. (NASDAQ:GAUZ) has secured collaborations with leading manufacturers, like Ferrari, BMW, and Mercedes-Benz, integrating smart glass into sunroofs, windows, and heads-up displays. The company’s SPD and PDLC smart glass can improve thermal management, reducing air conditioning reliance and increasing battery efficiency in electric vehicles (EVs)—a critical feature for lightweight, energy-efficient designs.
Notably, Ferrari’s adoption of Gauzy’s SPD glass in its first four-seater underscores the technology’s growing appeal and Gauzy’s trusted supplier status among premium automakers.⁵
Gauzy Ltd. (NASDAQ:GAUZ) also recently secured its largest automotive serial production agreement, supplying LCG® Smart Glass for an average of 50,000 cars per year over nine years with a major European OEM. This landmark contract solidifies Gauzy’s position as a trusted partner for high-volume automotive applications.⁶
Gauzy Ltd. (NASDAQ:GAUZ) has also established a world-leading position in the $86 billion ADAS market with its Smart-Vision® ADAS, which replaces traditional side mirrors with high-definition cameras and displays in commercial vehicles. The system enhances driver visibility, reduces blind spots, and optimizes safety. Adoption of Gauzy’s CMS by Ford Trucks and its deployment in New York’s CDTA public buses demonstrates its tangible safety benefits.⁷
Gauzy’s Smart-Vision® ADAS is also relied upon by Yutong, the world’s largest bus manufacturer, which increased its Gauzy systems orders by an impressive 250% year-over-year in Q3 2024, driving the company’s global expansion and leadership in bus safety technology.⁸ Systems are now installed on over 25 Yutong bus models operating across the UK, Europe, North America, Australia, and the Middle East, increasing road safety and fleet efficiency worldwide.
Gauzy Ltd. (NASDAQ:GAUZ) recently earned the prestigious Outstanding Supplier Award from Yutong, solidifying its reputation as a trusted partner in advanced transportation solutions.
With projections to exceed $100 million in cumulative CMS/ADAS sales by 2025, Gauzy Ltd. (NASDAQ:GAUZ) is well-positioned to capture growing demand for safety-focused innovations across North America, Europe, and Asia.⁹
Strategic collaborations with leading aeronautics players such as Boeing and Bombardier underscore Gauzy’s ability to tailor its innovative solutions to a wide range of applications.
Gauzy Ltd. (NASDAQ:GAUZ) also has a 95% market share of the cockpit shading market, highlighting the company’s established influence in the aerospace sector and its smart glass systems in commercial aircraft cabins are having a growing impact to improved energy efficiency and enhanced passenger comfort and experience. This influence continues to expand and is exhibited with the recent announcement in the company’s Q3 filings of a contract with a major international airline.¹⁰ The deal involves equipping the airline’s Boeing 737 MAX fleet with Gauzy’s LCG® Smart Glass for cabin shading, underscoring the growing demand for its innovative solutions. By integrating its smart glass technology into cabin environments, Gauzy is solidifying its position as a leader in the aerospace industry, addressing the sector’s priorities of sustainability, passenger experience, and cutting-edge design.
Gauzy Ltd. (NASDAQ:GAUZ) also delivered strong third-quarter 2024 financial results, with revenues rising 24.6% year-over-year to $23.3 million. This growth was driven by robust demand across its Safety Tech and Architecture divisions.¹¹
Long-term contracts, such as a $240 million commitment over the next decade in the aeronautics sector and a nine-year contract to supply smart glass for 50,000 vehicles annually with a major European OEM highlight robust demand for Gauzy’s cutting-edge technologies and its growing relevance in global markets.
With its fully integrated approach, over 70 strategic partnerships in more than 30 countries, and innovative technologies, Gauzy Ltd. (NASDAQ:GAUZ) is well-positioned to drive growth across multiple industries, solidifying its status as a leader in smart glass technology and advanced driver safety solutions for years to come.
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2. Trex Company Inc. (NYSE:TREX)
Trex Company Inc. (NYSE:TREX) is the world’s largest manufacturer of wood-alternative composite decking and railing products, leveraging advanced material science to transform the outdoor living industry. By replacing traditional wood with high-performance, eco-friendly composites, Trex has redefined durability, sustainability, and aesthetics in outdoor solutions, making it a pioneer in sustainable innovation.
Trex’s success is underpinned by its commitment to sustainability, with 95% of its decking products made from reclaimed wood and plastic. This approach diverts hundreds of millions of pounds of waste from landfills annually, addressing growing consumer demand for environmentally responsible building materials. The company’s net sales of $234 million in the third-quarter of 2024 reflects strong demand for products like Trex® Transcend Lineage™, a next-generation decking line that combines sleek design with advanced weather resistance and performance.¹²
In recent months, Trex Company Inc. (NYSE:TREX) has strategically expanded its distribution network to enhance market reach and better serve its growing customer base. In December 2024, Trex announced an expanded partnership with International Wood Products (IWP), a building materials distributor. This collaboration will see IWP exclusively stocking Trex decking and railing at all five of its distribution facilities in the Western United States, extending Trex’s reach in the high-growth markets of Northern California and Northern Nevada.¹³
Trex has also strengthened its presence in Canada through a partnership with Alexandria Moulding, a North American manufacturer and distributor of mouldings, millwork, and decorative building products. This alliance aims to bring Trex’s decking and railing products to a broader range of Canadian retailers, homeowners, and contractors, further broadening its footprint in the global market.¹⁴
Trex‘s leadership in outdoor living demonstrates how advanced materials can create lasting value while aligning with global sustainability goals. Its innovations showcase the potential to redefine industries and deliver solutions that balance performance with environmental responsibility.
3. Gentex Corporation (NASDAQ:GNTX)
Gentex Corporation (NASDAQ:GNTX), founded in 1974 and headquartered in Michigan, is a leading technology company specializing in high-tech electronic products for the automotive, aerospace, and commercial fire protection industries. Their expertise includes electronics, microelectronics, vision systems, software design, chemical development, and glass processing.
In the automotive sector, Gentex is renowned for automatic-dimming rearview mirrors and camera-based driver assistance systems for passenger vehicles. The company also produces dimmable aircraft windows and advanced fire protection products. With a commitment to innovation and quality, Gentex continues to drive advancements across multiple industries.
In 2023, Gentex Corporation (NASDAQ:GNTX) entered into a strategic partnership with ADASKY, leading a Series B financing round and establishing a collaboration to advance ADASKY’s Long Wave Infrared (LWIR) thermal sensing technology.¹⁵ ADASKY’s sensors enhance Advanced Driver Assistance Systems (ADAS) by improving performance in low-light and adverse weather conditions.
Gentex’s investment aims to accelerate the development and commercialization of this technology, leveraging its global footprint to meet growing demand. Both companies share a commitment to engineering excellence and innovation, positioning them to expand applications across automotive and other industries.
At the International Builders’ Show in February 2024, Gentex announced the launch of HomeLink Smart Home Solutions, a curated suite of smart home products controlled through a single app.¹⁶ This platform bridges car connectivity and home automation into a seamless ecosystem, simplifying the fragmented smart home market.
HomeLink is the auto industry’s leading car-to-home automation system, integrated into vehicles for controlling garage doors, gates, lighting, and other home devices. With over 110 million units on the road, Gentex continues to expand HomeLink’s functionality. The new offering integrates smart home and security solutions through a partnership with Alarm.com, enabling unified control and monitoring of devices.
To enhance this ecosystem, Gentex is developing the HomeLink Smart Home Connector, allowing users to control home devices directly from HomeLink-equipped vehicles. Gentex is also collaborating with home builders to include these packages in new home constructions, with options for direct-to-consumer purchases and professional installations.
Gentex Corporation (NASDAQ:GNTX) reported record net sales of $608.5 million for Q3 2024, a 6% increase from $575.8 million in Q3 2023, despite a 6% decline in light vehicle production in its primary markets.¹⁷ The gross profit margin improved to 33.5%, up from 33.2% the previous year. Operating expenses rose by 13% to $78.3 million, primarily due to increased R&D spending. Net income reached $122.5 million, a 17% increase from $104.7 million in Q3 2023, resulting in earnings per diluted share of $0.53. During the quarter, Gentex repurchased 3.2 million shares of its common stock.
Through its innovations and strategic initiatives, Gentex continues to redefine connectivity and automation, positioning itself at the forefront of technological advancement across multiple industries.
4. Corning Inc. (NYSE:GLW)
Corning Inc. (NYSE:GLW) is a global leader in materials science with a 170-year legacy of groundbreaking innovations. The company leverages its unmatched expertise in glass and ceramic science, optical physics, and advanced manufacturing to create products that redefine industries and improve lives.
Corning’s success stems from continuous investment in research and development, a unique blend of material and process innovation, and strong, collaborative relationships with industry-leading customers. Its versatile and synergistic capabilities enable Corning to adapt to evolving market demands and unlock new opportunities. Corning’s focus spans diverse industries, including optical communications, consumer electronics, display, automotive, solar, semiconductors, and life sciences.
Corning recently announced a multiyear collaboration with Madrid-based KD, a leading supplier of optical transceivers for the automotive industry.¹⁸ Together, they will combine Corning’s automotive glass optical-fiber assemblies with KD’s multi-gigabit glass optical transceivers to meet the increasing demand for robust connectivity in software-defined vehicles.
This collaboration aligns with the automotive industry’s transition to software-defined vehicles that require network data rates in the multi-gigabit range to support advanced driver-assistance and safety features. Corning’s automotive-grade glass optical solutions provide up to 20 times more bandwidth than current copper solutions, are over 70% lighter, and are naturally immune to electromagnetic interference (EMI).
As part of its commitment to community impact, Corning Inc., in collaboration with Rochester-based Mosaic Health and Chemung County, officially launched a new mobile dental unit at a ribbon-cutting ceremony on December 2 at the company’s Big Flats facility.¹⁹ This 39-foot custom-built vehicle, marked by a bright green toothbrush graphic, will provide low- and no-cost dental care to underserved residents at Steele Memorial Library in Elmira, New York.
In its broader business strategy, AT&T and Corning signed a $1 billion multi-year agreement to expand the U.S. fiber network using Corning’s Evolv® technology.²⁰ This partnership aligns with Build America, Buy America provisions, enhancing high-speed internet access and strengthening AT&T’s position as the largest fiber internet provider in the U.S.
Corning reported strong Q3 2024 results, with core sales up 8% to $3.73 billion and EPS up 20% to $0.54.²¹ Optical Communications drove growth, aided by AI-focused products. The ‘Springboard’ plan targets $3 billion in new sales and a 20% margin by 2026. Q4 sales are expected to grow 15%.
Through its innovations and community initiatives, Corning continues to redefine industry standards while driving meaningful social impact.
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5. Mobileye Global Inc. (NASDAQ:MBLY)
Mobileye Global Inc. (NASDAQ:MBLY) is a trailblazer in advanced driver assistance systems (ADAS) and autonomous driving technologies for passenger vehicles, playing a pivotal role in the evolution of smarter, safer vehicles. Its EyeQ® chips and vision-based systems are integral to semi-autonomous and fully autonomous vehicles, with applications spanning personal cars, ride-hailing fleets, and mobility-as-a-service (MaaS) platforms.
In 2023, Mobileye achieved over $2 billion in revenue, driven by its partnerships with leading automakers and the fast adoption of its technologies.²² Mobileye’s solutions enhance road safety and driver convenience, cementing its reputation as a leader in the industry. The company’s expansion into new markets, including MaaS platforms, aligns with broader trends in autonomous transportation.
Mobileye’s EyeQ® chips are at the heart of its ADAS systems, enabling a variety of functions critical to modern driving, such as collision avoidance, lane-keeping assistance, and adaptive cruise control. These systems support the transition to autonomous driving by integrating cutting-edge computer vision, artificial intelligence, and mapping technologies. By ensuring safety and operational efficiency across diverse vehicle types, Mobileye remains a key enabler of smarter transportation systems.
In December 2024, Mobileye announced a high-profile partnership with Lyft to accelerate autonomous mobility at scale. This collaboration combines Mobileye’s advanced vision systems and analytics with Lyft’s ride-hailing network to create a seamless integration of self-driving vehicles. Such initiatives highlight Mobileye’s focus on leveraging partnerships to expand its reach into autonomous ride-hailing services, aligning with broader trends in transportation innovation.²³
Mobileye Global Inc. (NASDAQ:MBLY) is also making strides in fleet and logistics applications, where its technology improves efficiency and reduces operational risks for commercial operators. By deploying scalable, vision-based ADAS and autonomous solutions, Mobileye is helping businesses achieve safer, more reliable operations while meeting the growing demands of urban mobility and logistics automation.
Looking ahead, Mobileye is poised to capitalize on the rising demand for ADAS and autonomous driving solutions as the automotive industry continues to prioritize safety, efficiency, and autonomy. With a clear focus on developing next-generation technologies and fostering strategic partnerships, Mobileye is well-positioned to lead the evolution of intelligent transportation and redefine what’s possible in the realm of connected vehicles.
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