The transparent display market could be worth over US$2 billion in 4 years
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Transparent electronic displays are moving out of the realm of wistful futuristic fantasy into increasingly plausible products these days. LG is just one panel-maker associated with their development; they showcased their new, 55-inch fully see-through OLED display in conjunction with CES this year.
The Korean giant appears to be targeting the high-end of the retail industry with their next-generation screen technology. However, transparent displays have the potential for integration into many more applications. The market analyst firm MarketsandMarkets anticipates that they will form part of upcoming head-mounted displays (HMDs) and heads-up displays (HUDs). The group also puts the 2023 value of this market as US$2.591 billion, whereas it is now worth about $0.408 billion.
This means that the compound annual growth rate (CAGR) of this industry could be as much as 44.7% over the next 4 years. MarketsandMarkets also estimates that this growth will be greater for the OLED sector of the market over that time compared to that of LCD (possibly because OLED may prove more energy-efficient in see-through mode).
Similarly, the small-to-medium form factor is thought to be capable of more growth compared to larger display sizes in the time-period assessed in the report. These predictions may indicate a future in which many parts of our everyday lives has a distinctly sci-fi tweak to it thanks to these truly electronic windows.
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