Global Transparent Display Market was valued US$ XX Bn in 2018 and is expected to reach XX Bn by 2026, at a CAGR of 44.70 % during a forecast period.
Global Transparent Display Market Transparent displays are most widely preferred in the application like hotels, landmarks, and corporate offices. The growing usage of transparent walls in malls and the automotive shops is one of the key drivers in the global transparent display market and also creates an eye-catching impact on consumers and influences their shopping behavior. Increasing usage of transparent displays in mobile phones and wearable computing devices is also boosting the growth in the global transparent display market.
On the other hand, high cost of transparent displays and fluctuations in the raw materials price and labor cost are expected to limit the global transparent display market growth. Small and medium-sized displays are estimated to hold a dominant position in the global transparent display market. The demand for transparent displays is increasing for small and medium-sized products such as AR HMDs, and HUDs, which provide opportunities for global transparent displays market to grow at a XX % rate of CAGR during the forecast period. Small and medium-sized displays have a compact size, low power consumption, and high brightness, which become a key component of several products like head-mounted display (HMD) systems and heads-up display (HUD) systems.
The OLED display technology is expected to grow at a XX % rate of CAGR during the forecast period. This type of display consumes less power and is used in a variety of electronics and in signage. Mobile phones remained the major end-use segment of OLEDs, which contributed nearly about 80% of the overall market share. OLEDs are used for various purposes in high-end automobiles in components containing rear-view mirrors, back-window alerts, and dashboard displays.