Press release
Global Transparent Electronics Market to Reach $5.72 Billion by 2029, Growing at 21.6% CAGR
Transparent Electronics Market
The transparent electronics market is projected to expand due to the escalating acceptance of Internet of Things (IoT) connections. These connections correspond to the communication ties created amongst devices within the IoT ecosystem. Transparent electronics play a significant role in IoT by facilitating the forming of imperceptible and uninterrupted connections between devices and their surroundings. As per Akamai Technologies Inc., a U.S. internet firm, in August 2022, the number of IoT connections is predicted to surge from 15.1 billion in 2021 to 23.3 billion in 2025. Consequently, the increasing demand for intelligent devices is boosting the growth of the transparent electronics market.
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What is the projected compound annual growth rate (CAGR) of the transparent electronics market from 2025 to 2034, and what factors influence it?
The size of the transparent electronics market has seen an immense rise in the past few years. Its growth is estimated to escalate from $2.15 billion in 2024 to a whopping $2.61 billion in 2025, marking a compound annual growth rate (CAGR) of 21.7%. The remarkable growth in the past can be accredited to the amplified demand for consumer electronics, the rise of IoT devices, the improvement in energy efficiency, applications in the military and aerospace sectors, and a growing inclination towards augmented reality (AR).
In the forthcoming years, the transparent electronics market is projected to experience substantial growth, ballooning to a size of $5.72 billion by 2029, with a compound annual growth rate (CAGR) of 21.6%. This expansion during the forecast period can be credited to the rise in the utilization in automotive HUDS, developments in flexible electronics, amalgamation with edge computing, the healthcare sector embracing this technology, and broader applications in smart cities. The forecast period is also predicted to witness a surge in trends such as biodegradable transparent electronics, collaboration with AI and machine learning, applications in augmented reality, merging with blockchain technology, and a focus on transparent batteries.
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How are the latest trends influencing the growth of the transparent electronics market?
Large firms in the transparent electronics market are creating cutting-edge technology that is completely transparent, aiming to meet customer needs with sophisticated electronic features. In the context of electronics and materials, full transparency refers to a device or material's capability to let light through without significant impediment or distortion. For instance, in January 2024, LG Corporation, a South Korean electronics firm, presented the world's first wireless OLED TV with a transparent display, christened the LG Transparent OLED Signage. This 77-inch transparent TV grants users the ability to view what's on the other side of the screen, marking it as a groundbreaking and distinctive product. This TV comes equipped with a contrast filter that can be increased or decreased at the touch of a button on the remote, enabling users to toggle between a transparent mode and a regular OLED mode.
What are the major segments of the transparent electronics market and their role in driving growth?
The transparent electronics market covered in this report is segmented -
1) By Product Type: Transparent Displays, Transparent Solar Panels, Transparent Windows
2) By Application: Displays, Sensors, Thin-Film Photovoltaics, Batteries
3) By End-User: Automotive, Building Infrastructure, Consumer Electronics, Other End-user Industry
Subsegments:
1) By Transparent Displays: OLED Transparent Displays, LCD Transparent Displays, LED Transparent Displays
2) By Transparent Solar Panels: Organic Photovoltaic (OPV) Panels, Transparent Thin-Film Solar Cells
3) By Transparent Windows: Smart Windows, Energy-Generating Windows, Photovoltaic Windows
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North America was the largest region in the transparent electronics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the transparent electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the transparent electronics market?
Major companies operating in the transparent electronics market report are Apple Inc., Samsung Electronics Co. Ltd., Sony Corporation, Panasonic Corporation, LG Electronics Inc., 3M Company, BOE Technology Group Co. Ltd., Sharp Corporation, Evonik Industries AG, Pioneer Corporation, Corning Incorporated, AU Optronics Corp., Gentex Corp., Onyx Solar Group LLC, Gauzy Ltd., OLEDWorks LLC, Nexnovo Technology Co. Ltd., Ubiquitous Energy Inc., Grafoid Inc., Cambrios Technologies Corporation, SolarWindow Technologies Inc., Brite Solar Limited, Glass Apps LLC, ClearLED Ltd., Shenzhen AuroLED Technology Co. Ltd., Raven Window, Street Communication, PolyIC GmbH & Co. KG, Brite Corp., Planar Systems Inc.
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What Is Covered In The Transparent Electronics Global Market Report?
•Market Size Forecast: Examine the transparent electronics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the transparent electronics market for a structured understanding.
•Key Players Overview: Analyze major players in the transparent electronics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the transparent electronics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the transparent electronics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the transparent electronics market.
•Industry Challenges: Identify potential risks and obstacles affecting the transparent electronics market.
•Competitive Landscape: Review strategic developments in the transparent electronics market, including expansions, agreements, and new product launches.
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