September 04, 2018
WELLESLEY, Mass., Sep. 04, 2018–Decreasing costs and expanding uses in the entertainment, aviation and automotive industries are helping to boost the transparent displays market, according to a report by BCC Research.
The industry expects to see a compound annual growth rate (CAGR) of 65.7% through 2023, when it is expected to top $89 billion, according to the report Transparent Displays: Technologies and Global Markets.
Major players in the market include Apple, Audi, BAE Systems, BMW, Continental, Denso, Evoluce, Futuba, Garmin, Honeywell Aerospace, Hyundai Motor, Jabil, Konica Minolta, LG Display, Microsoft, Panasonic, Robert Bosch, Samsung Electronics, Toshiba and Toyota Motor.
“In recent years, the utilization of liquid crystals, OLEDs and other emerging processes has allowed for the unit price of these devices to drop considerably, paving the way for their penetration in other fields, such as electronics and optoelectronics, construction, healthcare, and consumer products,” the report’s author, Margareth Gagliardi, noted. “In particular, wearable displays for electronic and optoelectronic applications are currently experiencing very strong growth.”
LCD and PDP Revenue to See Continued Declines
Overall, display revenues will see modest growth through 2023, with a CAGR of 2.7% and an estimated value of $183.7 billion. Revenue for LCDs and PDPs, the report adds, will continue to drop due to price pressure, the shift to larger panels for home entertainment and the increasing penetration of newer technologies such as OLEDs. Recently, OLEDs have become popular for the production of tablets, smartphones and other units with small displays. OLEDs are also being introduced for the fabrication of TV panels.
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Transparent Displays: Technologies and Global Markets( SMC109A )
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