World of Digital Signage Gets Magical Makeover through Transparent OLED Tech
Rockville , Oct. 16, 2023 (GLOBE NEWSWIRE) — Surging ahead at an astronomical CAGR of 18%, the global transparent OLED market is expected to reach a valuation of US$ 12 billion by the end of the study period (2023 to 2033). South Korea, China, and Japan are projected to be leading countries driving transparent OLED panel innovation in the future.
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Advertising in the modern digital world is constantly changing and the advent of transparent OLED displays has shone a light on how innovative digital signage could be. A growing number of organizations opting for digital signage to promote their business and continual innovation in the transparent OLED tech space are also projected to benefit market growth in the long run.
| Report Attribute | Details |
| Value Projection (2033) | US$ 12 Billion |
| Growth Rate (2023-2033) | 18% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 30 Tables |
| No. of Figures | 127 Figures |
Key Takeaways from Market Study
- The global transparent OLED market stands at a valuation of US$ 2.3 billion.
- Worldwide sales of transparent OLEDs are projected to increase at a CAGR of 18% over the next ten years.
- By 2033-end, the transparent OLED market is set to reach US$ 12 billion.
- Growing popularity of digital signage, advancements in OLED technology, and growing adoption of transparent displays in industry verticals such as retail, automotive, and consumer electronics are slated to be prime market drivers.
- High cost of development and manufacturing of transparent OLED panels is a major restraint hurting market development.
- Transparent OLED sales in Asia Pacific are forecasted to account for more than 50% of the global market share by the end of 2033.
- Retail and automotive sectors are projected to account for the high deployment of transparent OLEDs over the next ten years.
“Creating affordable transparent OLED panels is estimated to be crucial for all established as well as new transparent OLED manufacturers,” says a Fact.MR analyst
Key Companies Profiled in This Report
- Neoview Kolon
- LG
- Samsung
- Planar
- BOE
- SMD
- SONY
- Hisense
- Visionox
- Sample Technology
- Sichuan CCO Display Technology
Winning Strategy
Transparent OLED manufacturers should invest in research and development to make their products more cost-effective and affordable for the general population. Companies should also focus on expanding the application scope of their products to tap into new grounds for revenue generation and business expansion.
This elaborate transparent OLEDs market research study by skilled analysts at Fact.MR, a market research and competitive intelligence provider, offers an insight on key strategies being used by established as well as incoming transparent OLED vendors.
- In June 2022, LG Display, a leading name in display technologies, held its Open Innovation Forum (OIF) in Las Vegas, United States. The company introduced several new transparent OLED display solutions that were jointly developed with start-ups and dedicated customers from around the world. LG had teamed up with companies such as Gensler and EXA E&C. to create innovative transparent display solutions.
- In July 2023, Plug and Play, a renowned innovation platform for connecting start-ups, introduced a new Transparent OLED showcase at its headquarters in Silicon Valley, United States. The showcase is set up in partnership with LG Display which has been their display partner.
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Country-wise Perspectives
Why is the US a Major Market for Suppliers of Transparent OLED?
“Growing Usage of Retail Automation and Surge in Demand for Digital Signage”
American retail infrastructure is going through significant changes as automation takes hold in this industry. Transparent OLED shipments are anticipated to be significantly increased over the course of the projection period as a result of the rising use of automated retail kiosks and self-checkout systems in retail locations in the United States. Transparent display panels are expected to be in great demand in the future due to the advertising sector’s extensive usage of digital signage to produce creative and eye-catching advertising campaigns.
The transparent OLED market is expected to expand as a result of OLED technology advancements and US businesses adopting the technology quickly. Transparent OLED panel producers can showcase their products and draw attention on a worldwide scale thanks to the establishment of tech expos and electronics fairs in the United States.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global transparent OLED market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights on the market based on type (AMOLED displays, PMOLED displays), display size (small, medium, large), flexibility (flexible, rigid, foldable), component (backplanes, substrates, frontplanes, encapsulation), and application (retail, consumer electronics, automotive, aerospace & defense), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
Explore More Related Studies Published by Fact.MR Research:
Glass-Free HD 3D Display Market: Global demand for glass-free HD 3D displays is predicted to surge at a CAGR of 15.9% from 2023 to 2033.
Interactive Display Market: Worldwide shipments of interactive displays are predicted to increase at a high-value CAGR of 8.1% from 2023 to 2033.
AMOLED Displays Market: The U.S. is likely to be a region with lucrative opportunities for the AMOLED displays manufacturers.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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