WELLESLEY, Mass., Sept. 04, 2018 (GLOBE NEWSWIRE) -- 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.
Research Highlights
- Wearable displays anticipate a CAGR through 2023 of 83%, with an estimated value of $67.4 billion. Nonwearable displays anticipate a CAGR through the period of 41.3% and a 2023 value of $21.7 billion.
- By type, the market will be led by OLED, which anticipate a CAGR through the period of 21.2%. PDP expects to contract by 15.1% and LCD expects to contract by 2.1%. By value, LCD leads the market, with an estimated 2023 worth of $114.8 billion.
- The Asia-Pacific region leads the globe in recent research and development activities, with more than 66% of all expenditures, followed by the United States at 23.9% and Europe at 8.5%.
“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.
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.