Transparent Display Market Size, Share, Industry Analysis and Forecast to 2028

According to the latest report by Quince Market Insights, the Global Transparent Display Market is projected to reach USD 14.3 billion by 2028, growing at a CAGR of 38.9% during the forecast period. The high demand for larger displays and more vibrant color screens is expected to propel the transparent display market during the forecast period.

A clear display is essentially a glass display on which the user can display interactive content and view the display. Such screens can be used for augmented and virtual reality, applications that are used to view sharper real-life images in real life. It can be used to create larger, stronger and more realistic future displays.

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Segmentation for better understanding of this market and its growth prospects
The electronics industry is the principal end-user of transparent displays along with the automotive industry. The OLED segment that comes under the head up display is dominating the transparent display market as of 2019 and is expected to do to the same during the forecast period. The introduction of PMOLED & AMOLED technologies is expected to propel the demand for OLED screens even more. With the introduction of nano particle technology in the electronics segment, there have been major technological breakthroughs in the transparent display market.

This technology is used in places like airports, train stations, underground stations or public display panels. For the best display for a large number of crowds versatile and curved displays are needed. Until making these screens, issues like epileptic seizures, light sensitive disorders have to be addressed and thus suitable products are vigorously examined. Radar and spatial projections should be transparent, fluid and less visualized in the aerospace and defense industry.

Consequently, translucent screens in the aerospace industry are in high demand. Transparent displays are important in the medical industry to diagnose clots, infarction, blockages and a number of ailments in the body through visual imagery. TDK Group & Panasonic is a leader in the transparent market for displays.

Regional fragmentation to understand growth patterns-

With increased disposable earnings, rapid urbanization and industrial growth, the Asia Pacific are experiencing tremendous growth in the transparent display market. In comparison to the transparent display industry, this area is expected to show the highest growth. In the sense of a straightforward show market, the Northern America & European regions will also grow steadily and will continue to do so during the forecast period due to success in the medical and security sectors. In the clear show industry, the Near East is a new player.

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Major Factors Impacting the Growth of Transparent Display Market:

Increased use of IOT-based software like Google Maps that use clear displays or Increased demand from the Defense Sector or Entertainment industry.
Interesting Developments in the Transparent Display Market:

o At InfoComm 2018 in June 2018 the first LED clear color display was unveiled by LG Electronics (South Korea). The revolutionary LED color monitor is versatile and can be placed on any surface such as windows and glass to give it a personalized digital vision.

o In April 2019, at the Salonedel Mobile, the world's largest and most prestigious furniture and lifestyle exhibition, Panasonic unveiled their transparent concept showing at OLED.

o Panasonic, Japan, has introduced a clear high contrast screen in February 2017 that allows the use of glass as optical signages, such as shop windows.

o LG showcase the promise of its translucent OLED technology at ISE 2018 in its hall 12 stand in February 2018 through a prototype 55-in HD monitor. LG developed a number of innovative ideas for the exhibition, including 8 K DLP projectors for specialized uses. The show drew audiences.

o In February 2018, Kunshan Govision Optoelectronics was joined by Universal Display Corporation (US).

o In 2017 Royale, a company based in Shenzhen, began producing roll-out displays and translucent sensors used in transparent displays.

Market Segmentation:

By Product:
o Head-Up Display (HUD)
o Head Mounted Display (HMD)
o Digital Signage
o Smart Appliance

By End-Use Industry:
o Hospitality & Retail
o Electronics
o Aerospace & Defense
o Automotive
o Transportation
o Healthcare
o Others

By Region:
North America
By Country (US, Canada, Mexico)
By Material
By End-User Industry

Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Material
By End-User Industry

Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Material
By End-User Industry

Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Material
By End-User Industry

Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Material
By End-User Industry

Rest of the World
By Region (South America, Africa)
By Material
By End-User Industry

Major Companies profiled in the report which are key players in the global transparent display market include Planar Systems, Pro Display, Crystal Display System, LG Electronics, Panasonic, BenQ, ClearLED, Kent Optronics, NEC Display Solutions, and Universal Display Corporation.

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109,
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.