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Transparent Display Market worth $2,591 million by 2023

by nareshkumar1 month ago
tags: Transparent Display Market

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.

Market for HMD products to grow at the highest CAGR during 2018–2023

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.

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Small and medium-sized displays expected to grow at the highest CAGR during 2018–2023

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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