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Transparent Display Global Market Size, Share, Growth, Trends And Industry Forecast 2023-2032
Transparent Display Market Report
The Business Research Company's Transparent Display Global Market Report 2023 identifies increasing demand from end-use industries as the major driver for the transparent display market's growth in the forecast period. The transparent display refers to the display in which the emissive layer receives light from electrical impulses that pass through the conductive layer. According to LG Display, a South-Korea based manufacturer and supplier of thin-film transistor liquid crystal display panels, OLEDs, and flexible displays, the demand for their transparent OLED technology is rising across a range of markets, including smart buildings, smart homes, and transportation. The 2021 quarterly report published by LG Display shows quarterly revenue for a TV segment, which comprises transparent OLED display panels, increased to $ 1,631 million at the end of Q1 of 2021, from $ 1,126 million at the end of Q1 of 2020. Therefore, the increasing demand from end-use industries is driving the growth of the transparent display market.
The global transparent display market size grew from $1.72 billion in 2022 to $2.57 billion in 2023 at a compound annual growth rate (CAGR) of 49.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global transparent display is expected to grow to $12.58 billion in 2027 at a CAGR of 48.7%.
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Major competitors in the transparent display market are Planar Systems, Samsung Display Co. Ltd., Pro Display, Crystal Display Systems Ltd., LG Corp.
A key trend in the transparent display market includes technological advancements. Major players in the transparent display sector are focused on developing technologically advanced displays in sectors including consumer electronics to sustain their market position. For instance, in August 2020, Xiaomi, a China-based technology product and services company, introduced Mi TV Lux Transparent Edition, a see-through television, that uses transparent organic light-emitting diode (OLED) technology to display images that appear to be floating in the air. The new device has an edge-to-edge transparent display, allowing viewers to see through to the other side.
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The transparent display market is segmented -
•By Display Size: Small And Medium, Large
•By Resolution: Ultra HD, Full HD, HD, Other Resolutions
•By Technology: LCD, OLED, Other Technologies
•By Product: HMD, HUD, Digital Signage, Smart Appliance
•By Vertical: Consumer, Retail And Hospitality, Sports And Entertainment, Aerospace And Defense, Healthcare, Automotive And Transportation, Industrial, Other Verticals
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the transparent display market.
The Business Research Company's "Global Transparent Display Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Transparent Display Market Include:
1. Executive Summary
2. Transparent Display Market Characteristics
3. Transparent Display Market Trends And Strategies
4. Transparent Display Market - Macro Economic Scenario
5. Transparent Display Market Size And Growth
……
26. Africa Transparent Display Market
27. Transparent Display Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transparent Display Market
29. Transparent Display Market Future Outlook and Potential Analysis
30. Appendix
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