Transparent Electronics Global Market Report 2024

The transparent electronics market size has grown exponentially in recent years. It will grow from $1.78 billion in 2023 to $2.15 billion in 2024 at a compound annual growth rate (CAGR) of 21.1%. The growth observed in the historical period can be credited to several factors, including heightened demand for consumer electronics, the emergence of IoT devices, improvements in energy efficiency, applications in military and aerospace sectors, and a growing interest in augmented reality (AR).

The transparent electronics market size is expected to see exponential growth in the next few years. It will grow to $4.7 billion in 2028 at a compound annual growth rate (CAGR) of 21.6%. The anticipated growth in the forecast period is driven by several factors, including the rising utilization of automotive Head-Up Displays (HUDs), advancements in flexible electronics, integration with edge computing, adoption within the healthcare industry, and broader applications in smart cities. Key trends expected during this period comprise the development of biodegradable transparent electronics, incorporation with artificial intelligence (AI) and machine learning, augmented reality applications, integration with blockchain technology, and a heightened focus on transparent batteries.

The anticipated surge in the adoption of IoT connections is poised to drive the expansion of the transparent electronics market in the foreseeable future. IoT connections denote the communication links established between devices within the Internet of Things (IoT) ecosystem. Transparent electronics play a crucial role in the IoT landscape by facilitating seamless and imperceptible connections between devices and their surroundings. For instance, as reported by Akamai Technologies Inc. in August 2022, IoT connections are projected to escalate from 15.1 billion in 2021 to 23.3 billion in 2025. Hence, the increasing demand for smart devices is fueling the growth of the transparent electronics market.

Key players in the transparent electronics market are pioneering innovative technologies that offer fully transparent features to enhance customer experience with advanced electronic functionalities. In the realm of electronics and materials, 'fully transparent' denotes the capability of a device or material to permit light transmission without significant obstruction or distortion. An illustrative example is LG Corporation, a South Korea-based electronics giant, which in January 2024 introduced the LG Transparent OLED Signage, the world's inaugural wireless OLED TV featuring a see-through display. This 77-inch transparent TV enables users to view objects behind the screen, presenting a groundbreaking and distinctive product. Equipped with a contrast filter that can be adjusted via the remote control, users have the flexibility to seamlessly switch between transparent and regular OLED modes, showcasing LG's commitment to innovation in transparent electronics.

In October 2022, EG Electronics AB, a Swedish electronics firm specializing in transparent electronics, forged a partnership with Bi-Search International Inc., a US-based electronics company. This collaboration aims to integrate Transparent OLED (T.OLED) technology into everyday products across the European market. By joining forces, Bi-Search International anticipates expanding its reach and incorporating its Transparent OLED technology into a broader array of everyday items.

Major companies operating in the transparent electronics market report are Apple Inc., Samsung Electronics Co. Ltd., Sony Corporation, Panasonic Corporation, LG Electronics Inc., 3M Company, BOE Technology Group Co. Ltd., Sharp Corporation, Evonik Industries AG, Pioneer Corporation, Corning Incorporated, AU Optronics Corp., Gentex Corp., Onyx Solar Group LLC, Gauzy Ltd., OLEDWorks LLC, Nexnovo Technology Co. Ltd., Ubiquitous Energy Inc., Grafoid Inc., Cambrios Technologies Corporation, SolarWindow Technologies Inc., Brite Solar Limited, Glass Apps LLC, ClearLED Ltd., Shenzhen AuroLED Technology Co. Ltd., Raven Window, Street Communication, PolyIC GmbH & Co. KG, Brite Corp., Planar Systems Inc.

North America was the largest region in the transparent electronics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the transparent electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the transparent electronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Transparent electronics refers to a technology focused on creating electronic devices and components that possess transparency or translucency. Unlike conventional opaque counterparts, these transparent elements are utilized in circuitry construction. The advancement of transparent electronics entails the incorporation of materials with transparent conductivity, such as specific conductive oxides or thin films, in lieu of traditional opaque substances such as silicon.

The range of transparent electronics products encompasses transparent displays, transparent solar panels, and transparent windows. A transparent display, also recognized as a see-through display, is an electronic screen enabling users to view content displayed on the glass while maintaining visibility through it. This technology finds application in diverse sectors including automotive, building infrastructure, consumer electronics, among others, serving purposes such as displays, sensors, thin-film photovoltaics, and batteries.

The transparent electronics market research report is one of a series of new reports that provides transparent electronics market statistics, including transparent electronics industry global market size, regional shares, competitors with transparent electronics market share, detailed transparent electronics market segments, market trends, and opportunities, and any further data you may need to thrive in the transparent electronics industry. This transparent electronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The transparent electronics market consists of sales of consumer electronics, medical devices, and transistors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.