NEW YORK, May 1, 2023 /PRNewswire/ -- The transparent electronics market size is set to grow by USD 4,355.93 million between 2022 and 2027, and register a CAGR of 30.71%, according to Technavio's latest market research report estimate. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Read our Sample Report
Factors such as increasing adoption of digital signage in numerous service sectors, advances and innovations in technology, and high investment in R&D will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments. The transparent electronics market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Transparent Electronics Market 2023-2027: Segmentation
- Application
- Consumer Electronics
- Automotive
- Healthcare
- Others
- Product
- Transparent Displays
- Transparent Solar Panels
- Transparent Windows
- Geography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The market growth in the consumer electronics segment will be significant over the forecast period. The increasing demand for electronic device miniaturization is one of the key factors driving the growth of the segment. The increasing use of touch-enabled electronic devices and the rising demand for transparent electronics from the consumer electronics industry are other factors driving the growth of the segment.
North America will account for 40% of the market growth. The growing adoption of electric vehicles has created a positive impact on the demand for transparent displays as automakers add high-tech features to their vehicles. The region is witnessing increased R&D efforts to facilitate the development of new use cases for transparent displays. Vendors are establishing partnerships with retailers and display manufacturers. In addition, the increasing penetration of digital technologies across industries such as automotive, healthcare, and consumer electronics will drive the growth of the transparent electronics market in North America.
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transparent electronics market
Transparent Electronics Market 2023-2027: Vendor Analysis and Scope
The global transparent electronics market is fragmented with the presence of numerous global and regional players competing for higher market share. The key vendors in the market are focusing on M&A to gain a competitive edge. Vendors are taking measures to extend their product portfolio by investing heavily in R&D. The competitive environment thriving in the market is expected to intensify during the forecast period, as major players are competing on the basis of factors such as the cost of production, new product innovations, price ability, operational and R& D costs, and product quality. Some of the key vendors covered in the report include:
- BOE Technology Group Co. Ltd. - The company offers transparent organic light emitting diode display module which is designed to produce better image visibility.
- Brite Corp. - The company offers solar transparent glass which is used in open field agriculture to generate electricity while providing protection to the crops.
- Corning Inc. - The company offers transparent electronics display screen which is used in television, solar panels, mobiles, and computer.
- Gentex Corp. - The company offers transparent dimmable glass which is designed to adjust the transmittance of direct light.
- Cambrios Technologies Corp.
- Gauzy Ltd.
- LG Electronics Inc.
- OLEDWorks LLC
- Onyx Solar Group LLC
- Panasonic Holdings Corp.
- Planar Systems Inc.
- Pro Display
- RavenWindow
- Samsung Electronics Co. Ltd.
- Shenzhen AuroLED Technology Co. Ltd.
The report also covers the following areas:
- Transparent Electronics Market Size
- Transparent Electronics Market Trends
- Transparent Electronics Market Industry Analysis
Transparent Electronics Market 2023-2027: Market Dynamics
- Driver – The market is driven by the increasing adoption of digital signage in numerous service sectors. The spending on digital advertisements has been increasing as businesses are increasingly focusing on marketing and promotional activities. This is increasing the use of digital signage across industries such as retail, healthcare, hospitality, education, transport, government, corporate, and banking. For instance, in the retail industry, digital signage is used to create engaging customer experiences. Digital signage helps retailers to reach a large consumer base, even in remote areas. Thus, the increasing use of digital signage across various sectors will drive the growth of the market during the forecast period.
- Trend – The rising adoption of smart windows in the automotive industry is identified as the key trend in the market. Rapid improvements in the R&D in the automotive industry have increased the incorporation of various technologies in vehicles. The introduction of smart windows is one such example. Automakers are introducing smart windows in their premium and luxury vehicles. With the growing consumer demand for advanced convenience features and luxury vehicles, the penetration of smart window technology will increase in the automobile industry. This trend will have a positive impact on the growth of the market during the forecast period.
- Challenge – The high costs associated with transparent electronics will challenge market growth. The expensive nature of transparent electronics is limiting their penetration across end-users. For instance, in the automotive and consumer electronics industry, procurement cost is highly important for technology adoption. This is because the increased cost can directly impact the profitability of OEMs as well as the buying behavior of customers. Also, the high cost of transparent electronic devices discourages price-sensitive consumers from investing in such a high-end product that incorporates advanced technologies. Such factors are reducing the growth potential of the market.
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Transparent Electronics Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist transparent electronics market growth during the next five years
- Estimation of the transparent electronics market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the transparent electronics market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of transparent electronics market vendors
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Transparent Electronics Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 30.71% |
Market growth 2023-2027 |
USD 4,355.93 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
26.26 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 40% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
BOE Technology Group Co. Ltd., Brite Corp., Cambrios Technologies Corp., ClearLED Inc., Corning Inc., Gauzy Ltd., Gentex Corp., LG Electronics Inc., OLEDWorks LLC, Onyx Solar Group LLC, Panasonic Holdings Corp., Planar Systems Inc., Pro Display, RavenWindow, Samsung Electronics Co. Ltd., Shenzhen AuroLED Technology Co. Ltd., SHENZHEN NEXNOVO TECHNOLOGY Co. Ltd., Street Communication Inc., TDK Corp., and Ubiquitous Energy Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global transparent electronics market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global transparent electronics market 2017 - 2021 ($ million)
- 4.2 By Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – By Application Segment 2017 - 2021 ($ million)
- 4.3 By Product Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – By Product Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Consumer electronics - Market size and forecast 2022-2027
- Exhibit 34: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)
- 6.4 Automotive - Market size and forecast 2022-2027
- Exhibit 38: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Automotive - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
- 6.5 Healthcare - Market size and forecast 2022-2027
- Exhibit 42: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
- 6.6 Others - Market size and forecast 2022-2027
- Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.7 Market opportunity by Application
- Exhibit 50: Market opportunity by Application ($ million)
- Exhibit 51: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 52: Chart on Product - Market share 2022-2027 (%)
- Exhibit 53: Data Table on Product - Market share 2022-2027 (%)
- 7.2 Comparison by Product
- Exhibit 54: Chart on Comparison by Product
- Exhibit 55: Data Table on Comparison by Product
- 7.3 Transparent displays - Market size and forecast 2022-2027
- Exhibit 56: Chart on Transparent displays - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Transparent displays - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Transparent displays - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Transparent displays - Year-over-year growth 2022-2027 (%)
- 7.4 Transparent solar panels - Market size and forecast 2022-2027
- Exhibit 60: Chart on Transparent solar panels - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Transparent solar panels - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Transparent solar panels - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Transparent solar panels - Year-over-year growth 2022-2027 (%)
- 7.5 Transparent windows - Market size and forecast 2022-2027
- Exhibit 64: Chart on Transparent windows - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Transparent windows - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Transparent windows - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Transparent windows - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Product
- Exhibit 68: Market opportunity by Product ($ million)
- Exhibit 69: Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 APAC - Market size and forecast 2022-2027
- Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 UK - Market size and forecast 2022-2027
- Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.12 Japan - Market size and forecast 2022-2027
- Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ million)
- Exhibit 116: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 120: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 121: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification
- 12.3 BOE Technology Group Co. Ltd.
- Exhibit 123: BOE Technology Group Co. Ltd. - Overview
- Exhibit 124: BOE Technology Group Co. Ltd. - Business segments
- Exhibit 125: BOE Technology Group Co. Ltd. - Key offerings
- Exhibit 126: BOE Technology Group Co. Ltd. - Segment focus
- 12.4 Brite Corp.
- Exhibit 127: Brite Corp. - Overview
- Exhibit 128: Brite Corp. - Product / Service
- Exhibit 129: Brite Corp. - Key offerings
- 12.5 ClearLED Inc.
- Exhibit 130: ClearLED Inc. - Overview
- Exhibit 131: ClearLED Inc. - Product / Service
- Exhibit 132: ClearLED Inc. - Key offerings
- 12.6 Corning Inc.
- Exhibit 133: Corning Inc. - Overview
- Exhibit 134: Corning Inc. - Business segments
- Exhibit 135: Corning Inc. - Key news
- Exhibit 136: Corning Inc. - Key offerings
- Exhibit 137: Corning Inc. - Segment focus
- 12.7 Gentex Corp.
- Exhibit 138: Gentex Corp. - Overview
- Exhibit 139: Gentex Corp. - Business segments
- Exhibit 140: Gentex Corp. - Key news
- Exhibit 141: Gentex Corp. - Key offerings
- Exhibit 142: Gentex Corp. - Segment focus
- 12.8 LG Electronics Inc.
- Exhibit 143: LG Electronics Inc. - Overview
- Exhibit 144: LG Electronics Inc. - Product / Service
- Exhibit 145: LG Electronics Inc. - Key offerings
- 12.9 Onyx Solar Group LLC
- Exhibit 146: Onyx Solar Group LLC - Overview
- Exhibit 147: Onyx Solar Group LLC - Product / Service
- Exhibit 148: Onyx Solar Group LLC - Key offerings
- 12.10 Panasonic Holdings Corp.
- Exhibit 149: Panasonic Holdings Corp. - Overview
- Exhibit 150: Panasonic Holdings Corp. - Business segments
- Exhibit 151: Panasonic Holdings Corp. - Key news
- Exhibit 152: Panasonic Holdings Corp. - Key offerings
- Exhibit 153: Panasonic Holdings Corp. - Segment focus
- 12.11 Planar Systems Inc.
- Exhibit 154: Planar Systems Inc. - Overview
- Exhibit 155: Planar Systems Inc. - Product / Service
- Exhibit 156: Planar Systems Inc. - Key offerings
- 12.12 Pro Display
- Exhibit 157: Pro Display - Overview
- Exhibit 158: Pro Display - Product / Service
- Exhibit 159: Pro Display - Key offerings
- 12.13 Samsung Electronics Co. Ltd.
- Exhibit 160: Samsung Electronics Co. Ltd. - Overview
- Exhibit 161: Samsung Electronics Co. Ltd. - Business segments
- Exhibit 162: Samsung Electronics Co. Ltd. - Key news
- Exhibit 163: Samsung Electronics Co. Ltd. - Key offerings
- Exhibit 164: Samsung Electronics Co. Ltd. - Segment focus
- 12.14 Shenzhen AuroLED Technology Co. Ltd.
- Exhibit 165: Shenzhen AuroLED Technology Co. Ltd. - Overview
- Exhibit 166: Shenzhen AuroLED Technology Co. Ltd. - Product / Service
- Exhibit 167: Shenzhen AuroLED Technology Co. Ltd. - Key offerings
- 12.15 SHENZHEN NEXNOVO TECHNOLOGY Co. Ltd.
- Exhibit 168: SHENZHEN NEXNOVO TECHNOLOGY Co. Ltd. - Overview
- Exhibit 169: SHENZHEN NEXNOVO TECHNOLOGY Co. Ltd. - Product / Service
- Exhibit 170: SHENZHEN NEXNOVO TECHNOLOGY Co. Ltd. - Key offerings
- 12.16 TDK Corp.
- Exhibit 171: TDK Corp. - Overview
- Exhibit 172: TDK Corp. - Business segments
- Exhibit 173: TDK Corp. - Key news
- Exhibit 174: TDK Corp. - Key offerings
- Exhibit 175: TDK Corp. - Segment focus
- 12.17 Ubiquitous Energy Inc.
- Exhibit 176: Ubiquitous Energy Inc. - Overview
- Exhibit 177: Ubiquitous Energy Inc. - Product / Service
- Exhibit 178: Ubiquitous Energy Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 179: Inclusions checklist
- Exhibit 180: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 181: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 182: Research methodology
- Exhibit 183: Validation techniques employed for market sizing
- Exhibit 184: Information sources
- 13.5 List of abbreviations
- Exhibit 185: List of abbreviations
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