The transparent display market may be worth billions by 2024

Transparent displays may be made of as many LEDs as their conventional cousins: however, they do not require a back-plate to show up against their backgrounds. This may make them much more versatile, useful and attractive to the eye for many enterprise-grade purposes.

It is also possible that they may end up in the hands of at least some consumers soon, perhaps in the form of high-end TVs. The latest market analysis on this technology doesn't really focus on this use-case; nevertheless, it might be a useful insight on how most transparent displays are being used, and how they will fit into more and more of our lives soon.

The transparent-display market was worth US$524.7 million in 2018. However, new research shows that it could grow by an annual compound rate (or CAGR) of 46% until it has just passed $4.9 billion by 2024. Their OLED versions are thought to be the fastest-growing sector between then and now.

These displays, along with their LCD counterparts, are thought to become most often used as heads-up displays, as well as other types of screen, in the automotive industry. For example, it is possible that they may be used as a keypad of sorts to unlock a car, as well as part of an entertainment system.

Besides these use-cases, this panel type may grow more and more popular as interactive and commercial displays. These kinds of transparent screen is increasingly noticeable in the healthcare, retail and marketing industries.

For example, P&G and Coca-Cola have invested $6.7 billion and $5.8 billion respectively in this technology recently: therefore, large-scale next-gen digital signage for a range of products, foodstuffs included, could become much more visible soon.