Overview and Scope
Transparent electronics refers to a technology focused on the development and utilization of electronic devices and components that are transparent or translucent in nature. They are used for building circuits, and devices are typically opaque. The development of transparent electronics involves the use of transparent conductive materials, such as certain types of conductive oxides or thin films, in place of traditional opaque materials like silicon.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the transparent electronics market report are 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.
The transparent electronics market report table of contents includes:
1. Executive Summary
2. Transparent Electronics Market Characteristics
3. Transparent Electronics Market Trends And Strategies
4. Transparent Electronics Market – Macro Economic Scenario
5. Global Transparent Electronics Market Size and Growth
…..
32. Global Transparent Electronics Market Competitive Benchmarking
33. Global Transparent Electronics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Transparent Electronics Market
35. Transparent Electronics Market Future Outlook and Potential Analysis
36. Appendix
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