The Transparent Display Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Transparent Display Global Market Report 2024, 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.
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.
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The transparent display market covered in this report is segmented –
1) By Display Size: Small And Medium, Large
2) By Resolution: Ultra HD, Full HD, HD, Other Resolutions
3) By Technology: LCD, OLED, Other Technologies
4) By Product: HMD, HUD, Digital Signage, Smart Appliance
5) By Vertical: Consumer, Retail And Hospitality, Sports And Entertainment, Aerospace And Defense, Healthcare, Automotive And Transportation, Industrial, Other Verticals
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 transparent display market report table of contents includes:
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