The transparent electronics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Transparent Electronics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The transparent electronics market size has grown exponentially in recent years. It will grow from $1.78 billion in 2023 to $2.15 billion in 2024 at a compound annual growth rate (CAGR) of 21.1%. The growth in the historic period can be attributed to increased consumer electronics demand, emergence of IoT devices, enhanced energy efficiency, military and aerospace applications, and increased interest in augmented reality (AR).
The transparent electronics market size is expected to see exponential growth in the next few years. It will grow to $4.70 billion in 2028 at a compound annual growth rate (CAGR) of 21.6%. The growth in the forecast period can be attributed to increasing use in automotive HUDS, advancements in flexible electronics, integration with edge computing, healthcare industry adoption, and expanded applications in smart cities. Major trends in the forecast period include biodegradable transparent electronics, integration with ai and machine learning, augmented reality applications, integration with blockchain technology, and focus on transparent batteries.
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Scope Of Transparent Electronics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Transparent Electronics Market Overview
Market Drivers –
The rising adoption of IoT connections is expected to propel the growth of the transparent electronics market going forward. IoT connections refer to the communication links established between devices within the Internet of Things (IoT) ecosystem. Transparent electronics are used in the Internet of Things (IoT) landscape to enable the creation of seamless and invisible connections between devices and their environment. For instance, in August 2022, according to Akamai Technologies Inc., a US-based internet company, IoT connections are expected to increase from 15.1 billion in 2021 to 23.3 billion in 2025. Therefore, rising demand for smart devices is driving the growth of the transparent electronics market.
Market Trends –
Major companies operating in the transparent electronics market are developing innovative technology that is fully transparent to better serve customers with advanced electronic features. Fully transparent in the context of electronics and materials refers to the ability of a device or material to allow light to pass through it without significant obstruction or distortion. For instance, in January 2024, LG Corporation, a South Korea-based electronics company, unveiled the world’s first wireless OLED TV with a see-through display, called the LG Transparent OLED Signage. The 77-inch transparent TV allows users to see what’s behind the screen, making it an innovative and unique product. The TV has a contrast filter that can be raised or lowered with the push of a button on the remote, allowing users to switch between a transparent mode and a regular OLED mode.
The transparent electronics market covered in this report is segmented –
1) By Product Type: Transparent Displays, Transparent Solar Panels, Transparent Windows
2) By Application: Displays, Sensors, Thin-Film Photovoltaics, Batteries
3) By End-User: Automotive, Building Infrastructure , Consumer Electronics, Other End-user Industry
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Regional Insights –
North America was the largest region in the transparent electronics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the transparent electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Apple Inc., Samsung Electronics Co. Ltd., Sony Corporation, Panasonic Corporation, LG Electronics Inc., 3M Company, BOE Technology Group Co. Ltd., Sharp Corporation, Evonik Industries AG, Pioneer Corporation, Corning Incorporated, AU Optronics Corp., Gentex Corp., Onyx Solar Group LLC, Gauzy Ltd., OLEDWorks LLC, Nexnovo Technology Co. Ltd., Ubiquitous Energy Inc., Grafoid Inc., Cambrios Technologies Corporation, SolarWindow Technologies Inc., Brite Solar Limited, Glass Apps LLC, ClearLED Ltd., Shenzhen AuroLED Technology Co. Ltd., Raven Window, Street Communication, PolyIC GmbH & Co. KG, Brite Corp., Planar Systems Inc.
Table of Contents
1. Executive Summary
2. Transparent Electronics Market Report Structure
3. Transparent Electronics Market Trends And Strategies
4. Transparent Electronics Market – Macro Economic Scenario
5. Transparent Electronics Market Size And Growth
…..
27. Transparent Electronics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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