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Transparent Display Market to expand at a CAGR of 44.50% by 2032

Oct 16, 2023 10:00 PM ET

Transparent Display Market to expand at a CAGR of 44.50% by 2032

Transparent Display Market Insights

In 2022, the Transparent Display Market Size was estimated to be worth USD 0.5 billion. The industry for transparent displays is anticipated to expand from USD 0.7225 billion in 2023 to USD 13.733 billion by 2032, growing at a compound annual growth rate (CAGR) of 44.50% over the forecast period (2023-2032). One of the main factors boosting market expansion is the rising demand for transparent displays in stores and shopping centres.

the expanding use of transparent displays in the advertising industry as well as the increasing popularity of gadgets like smart glasses and HMDs. Displays and display technologies have advanced throughout time to offer better resolution and lower power consumption thanks to technological advancements. Technological developments in nanoparticles and transparent sensors in electrical circuits have enabled the growth of the transparent display market. To replace stiff, square panels, a flexible display that is more engaging for the consumer is currently being developed. This has created a huge window of opportunity for the transparent display industry to grow.

In terms of utilisation, OLEDs have recently eclipsed all other display technologies for transparent screens. Since the actual OLED materials are transparent, transparent OLEDs can be produced. This has enabled several display manufacturers to design and manufacture OLED screens using OLEDs. Additionally, hardware sales surpassed 80 billion units in 2021, a significant rise from the 9.4 billion units forecasted to be sold.

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It is projected that these developments will continue to grow the market for suppliers of transparent displays because displays are essential to the AR/VR industry.

However, the industry under study is significantly impacted by the high initial cost and low consumer penetration. Because most customers in some of the biggest markets, like India, China, Brazil, etc., are price sensitive, the high cost of the transparent displays may restrain the market’s growth throughout the projected period. thereby having an impact on market revenue for transparent displays.

Key Companies in the Transparent Display market include.

  • Planar Systems,
  • Samsung Displays,
  • Pro Display,
  • Crystal Display System,
  • LG Electronics,
  • Panasonic Corporation,
  • BenQ,
  • Kent Optronics,
  • NEC Display Solutions,
  • Universal Display Corporation,
  • Evolute GmbH,
  • Globus Infocom Ltd.,
  • Hangzhou Hikvision Digital Technology, Co., Ltd

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Part Insights

Based on display size, the transparent display market is divided into small, medium, and large segments. The market was dominated by the small and medium segment.

Based on technology, the Transparent Display market is divided into LCD, OLED, and other segments. The OLED category produced the maximum revenue.

Based on resolution, the Transparent Display market is divided into super HD, Full HD, and HD segments. The market was led by the Ultra HD category.

The head-mounted display, head-up display, digital signage, smart appliance, and other products are included in the product-based segmentation of the transparent display market.

Consumer, retail & hospitality, sports & entertainment, healthcare, aerospace & defence, automotive & transportation, and others are included in the market segmentation for transparent displays based on vertical. The market was dominated by the automobile and transportation category.

The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world, by region. Due to an increase in the demand for transparent displays among a number of end users, the Asia Pacific transparent display market sector will rule this industry.

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