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Global Transparent Display Market is projected to reach USD 14.3 billion, growing at a CAGR of 38.9% during the forecast period 2028

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Santosh Autade
Global Transparent Display Market is projected to reach USD 14.3 billion, growing at a CAGR of 38.9% during the forecast period 2028

The Global Transparent Display Market is projected to reach USD 14.3 billion by 2028, growing at a CAGR of 38.9% during the forecast period. The high demand for larger displays and more vibrant color screens is expected to propel the transparent display market during the forecast period.

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The electronics industry is the principal end-user of transparent displays along with the automotive industry. The OLED segment that comes under the head up display is dominating the transparent display market as of 2019 and is expected to do to the same during the forecast period. The introduction of PMOLED & AMOLED technologies is expected to propel the demand for OLED screens even more. With the introduction of nanoparticle technology in the electronics segment, there have been major technological breakthroughs in the transparent display market. In places such as airports, railway stations, metro stations, public display billboards, this technology is used. Here flexible & curved displays are required for the proper display to a large amount of crowd. Things such as epileptic seizures, light sensitivity conditions are to be taken into consideration before the manufacturing of these displays, and hence compatible materials to make such displays are being researched aggressively.

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Key Factors Impacting the Growth of Transparent Display Market:

    • Increased use of IOT based software such as google maps which make use of transparent screens
    • Increased demand from the defense sector
    • Increased demand from the immersive entertainment industry

Key Developments in the Transparent Display Market:

    • In June 2018, LG Electronics (South Korea) introduced the new transparent color LED film display at InfoComm 2018. The new transparent color LED film display is flexible and can be attached on any surface such as windows and glass, making it possible to turn them into a customized digital display.
    • In April 2019 Panasonic revealed its OLED transparent concept display at Salone del Mobile, the world’s largest and most prestigious furniture and lifestyle exhibition.
    • In February 2017, Panasonic (Japan) launched a high-image-contrast transparent screen that enables the use of glass, such as shop windows, like digital signage.
    • In February 2018, at ISE 2018, LG showcased the potential of its transparent OLED technology with a prototype of a 55-in HD display at its hall 12 stands. For the show, LG lined up a number of innovative ideas that attracted the crowds, including 8K DLP projectors for specialist applications.
    • In February 2018, Universal Display Corporation (US) partnered with Kunshan Govisionox Optoelectronics Co., Ltd. (China) for OLED evaluation. This partnership helps Govisionox to enhance its product portfolio of innovative and leading display solutions for end-customers.
    • In 2017, Royale, a Shenzhen-based company, began its involvement in the manufacturing of roll-able display and transparent sensors that are used in transparent displays.

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