Press release
Transparent Display Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Planar Systems Inc., Samsung Display Co Ltd, Pro Display Ltd., Crystal Display Systems LTD, LG Corp., Panasonic Holdings Corporation
Transparent Display Market Competitor
The Business Research Company offers in-depth market insights through Transparent Display Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The transparent display market size has grown exponentially in recent years. It will grow from $2.59 billion in 2023 to $3.84 billion in 2024 at a compound annual growth rate (CAGR) of 48.6%. The growth in the historic period can be attributed to emerging display technologies, retail and advertising applications, automotive hud adoption, glass innovation, military and aerospace applications.
The transparent display market size is expected to see exponential growth in the next few years. It will grow to $18.04 billion in 2028 at a compound annual growth rate (CAGR) of 47.2%. The growth in the forecast period can be attributed to augmented reality (ar) growth, smart glass adoption, medical visualization, retail and hospitality expansion, consumer electronics integration. Major trends in the forecast period include foldable and rollable displays, automotive heads-up displays (huds),transparent oled advancements, augmented reality (ar) glasses, retail and exhibition holography.
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Market Segmentation:
The main transparent display sizes include small and medium and large. Small and medium transparent displays are used to transmit dynamic or interactive material through a transparent surface on small and medium-size displays focused on smartphones, tablet PC, smartwatches, automotive displays, and display-based user interfaces. The different transparent display resolutions include Ultra HD, Full HD, HD and other resolutions. The transparent display technologies are LCD, OLED and other technologies. The different transparent display products include HMD, HUD, digital signage and smart appliance used by verticals including consumer, retail and hospitality, sports and entertainment, aerospace and defence, healthcare, automotive and transportation, industrial and other verticals.
Major Driver - The Transparent Display Market Driven By Growing End-Use Industry Demand
The increasing demand from end-use industries propels the growth of the transparent display market. 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.
Competitive Landscape:
Major companies operating in the transparent display market include Planar Systems Inc., Samsung Display Co Ltd, Pro Display Ltd., Crystal Display Systems LTD, LG Corp., Panasonic Holdings Corporation, Apple Inc., Kent Optronics, Innolux Corporation, AU Optronics, Avegant Corporation, Microvision Inc., Human Interface Technology Laboratory, QD Vision Inc., Universal Display Corporation, Google Inc., Sony Corporation, Pioneer Corporation, NEC Display Solutions, Japan Display Inc., Sharp NEC Display Solutions, TDK Corporation, MMT GmbH & Co. KG, Nexnovo Technology Co. Ltd., 2point0 Concepts Private Limited, Optinvent SA, Pilot Screentime GmbH, Shenzhen Nexnovo Technology Co. Ltd., Blickfeld GmbH, Space Micro Inc.
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Top Trend - Technological Advancements In Transparent Displays
Technological advancements in display are a key trend gaining popularity in the transparent display market. 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 September 2022, LG Display, a South Korea-based manufacturer and supplier of thin-film transistor liquid crystal display panels, OLEDs, and flexible displays, unveiled its latest transparent OLED solutions for mobility at the InnoTrans 2022 trade fair for transport technology in Berlin, Germany. This transparent OLED solution offers a versatile alternative to conventional train windows, incorporating immersive, top-tier displays that deliver content, entertainment, and advertisements to travelers. These transparent OLED displays are specially crafted for a wide range of mobility applications, such as trains, subways, buses, and airplanes.
The Table Of Content For The Market Report 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
…..
27. Transparent Display Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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