Transparent Display Market

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MarketsandMarkets Research Private Ltd.
Presents
Transparent Display Market worth 2,591 million
by 2023 with a growing CAGR of 44.7
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ransparent-display-market-228010424.html
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According to the new research report
"Transparent Display Market by Product (HUD, HMD,
Digital Signage, Smart Appliance), Vertical
(Retail Hospitality, Industrial, Aerospace
Defense, Automotive Transportation), Display
Size, Resolution, Technology, and Geography -
Global Forecast to 2023", the transparent display
market is expected to grow from USD 408 million
in 2018 to USD 2,591 million by 2023, at a CAGR
of 44.7. The growth of the transparent display
market is driven by various factors, such as
growing demand for LCD based transparent displays
for various verticals and increasing use of
transparent displays for HMD and HUD products.
High growth for OLED-based transparent display
devices and high adoption of transparent displays
for digital signage products are expected to
provide huge growth opportunities to players in
the transparent display market. Browse gtgt
40 Market data tables
49 figures 131 pages
and in-depth TOC on Transparent Display Market
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Market for HMD products to grow at the highest
CAGR during 20182023 The market for HMD
products is expected to grow at the highest CAGR
from 2018 to 2023. HMDs are likely to be rapidly
adopted in several industries during the forecast
period. The introduction of wearable devices,
head-up displays (HUDs), and head-mounted
displays (HMDs) paved a new path for the growth
of the transparent display market. OLED
technology-based transparent displays are being
increasingly used in AR HMDs as OLED technology
enables better power efficiency, faster response,
and more colors. Small and medium-sized displays
expected to grow at the highest CAGR during
20182023 Small and medium-sized displays are
expected to grow at the highest CAGR from 2018 to
2023. The increasing adoption of transparent
displays for small and medium-sized products such
as AR HMDs, and HUDs provides opportunities for
transparent displays to grow at a high rate
during the forecast period. Due to their compact
size, low power consumption, and high brightness,
they have become a key component of several
products, such as head-mounted display (HMD)
systems and heads-up display (HUD) systems. AR
HMDs connect virtual objects and reality, and the
rising adoption of AR HMDs in industrial and
enterprise, military, defense, aerospace, and
medical applications boosts the transparent
display market growth.
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ransparent-display-market-228010424.html
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OLED display technology to grow at the highest
CAGR during 20182023 The OLED display
technology are expected to grow at the highest
CAGR from 2018 to 2023. Demand for OLED display
technology is higher due to several advantages
that OLED offers. Many industry experts believe
OLEDs are set to replace existing technologies in
the display ecosystem. Given this, many companies
started investing heavily in RD related to OLED.
OLED transparent displays are penetrating in the
market at a high rate because of the increase in
the demand for these transparent displays from
HMD vendors, owing to which the market for OLED
transparent displays is expected to increase
rapidly during forecast period. Growing demand
for technologically advanced devices will boost
the demand for transparent displays in North
America during the forecast period The US is
expected to be a major contributor to the growth
of the transparent display market in North
America in the coming years. The reason for the
dominance of the US in North America is its
well-established economy, which allows rapid
adoption of latest transparent display
technologies. The presence of a huge customer
base in the US, coupled with innovative
developments in the field of HMDs, the
transparent display market in North America is
expected to grow at a high CAGR during the
forecast period. Key players in the market
include Planar Systems (US), Pro Display (UK),
Crystal Display System (UK), LG Electronics
(South Korea), Panasonics (Japan), BenQ (Taiwan),
ClearLED (US), Kent Optronics (US), NEC Display
Solutions (Japan), and Universal Display
Corporation (US). These players are increasingly
undertaking product launches and developments,
contract, partnerships, and agreements to develop
and introduce new technologies and products in
the market.
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ransparent-display.asp
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