Global Transparent Display market overview 2024, Forecast To 2033

13 Feb, 2024

The transparent display market has seen exponential growth, skyrocketing from $2.59 billion in 2023 to $3.84 billion in 2024, with a compound annual growth rate (CAGR) of 48.6%. The remarkable growth in the historic period is attributed to emerging display technologies, applications in retail and advertising, adoption of automotive head-up displays (HUDs), glass innovation, and military and aerospace applications. Moving into the next few years, the market is poised for exponential growth, reaching $18.04 billion in 2028 at a CAGR of 47.2%. The anticipated growth in the forecast period can be attributed to factors such as the proliferation of augmented reality (AR), adoption of smart glass, applications in medical visualization, expansion into retail and hospitality sectors, and integration into consumer electronics. Major trends expected in the forecast period include the development of foldable and rollable displays, advancements in automotive head-up displays (HUDs), innovations in transparent OLED technologies, adoption of augmented reality (AR) glasses, and the use of transparent displays in retail and exhibition holography.

Global Transparent Display Market Key Driver

The transparent display market experiences growth driven by increasing demand from end-use industries. LG Display reports a rising demand for transparent OLED technology in various markets, including smart buildings and transportation. LG Display's Q1 2021 report reveals a quarterly revenue increase for the TV segment, comprising transparent OLED display panels, reaching $1,631 million by the end of Q1 2021, compared to $1,126 million in Q1 2020. Thus, the transparent display market growth is fueled by industry demand in 2023, 2024, and 2028.

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Global Transparent Display Market Segments

The global 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
By Geography: The regions covered in the Transparent Display market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Asia-Pacificwas the largest region in the transparent display market in 2023. The regions covered in the transparent display market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major Transparent Display Industry Players

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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Transparent Display Market Overview

Transparent display refers to the display in which the emissive layer receives light from electrical impulses that pass through the conductive layer. It is used to transmit dynamic or interactive material through a transparent surface that allows viewers to see what is displayed on the screen while still being able to see through the display.

Transparent Display Global Market Report 2023 provides data on the global transparent display market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The transparent display market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.