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Transparent Display Global Market Exhibit a Remarkable CAGR of 47.2% and is expected to reach $18.04 Billion By 2028 | Planar Systems Inc., Samsung Display Co Ltd, Pro Display Ltd., Apple Inc., Kent Optronics
Transparent Display Global Market
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According to The Business Research Company's, 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 Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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.
Transparent Display Market 2024 Key Insights:
• 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 Transparent Display Market Driven By Growing End-Use Industry Demand
• Technological Advancements In Transparent Displays
• Asia-Pacific was the largest region in the transparent display market in 2023
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