PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1070405
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1070405
The Transparent Electronics market is estimated to be worth US$ 1,039.8 million in 2020. Transparent Electronics market is expected to expand at a 21.7% CAGR during the forecast period.
Transparent electronics is an emerging technology that aims to create 'transparent' electronics circuits and optoelectronic devices. The technology includes using transparent materials to replace the traditionally opaque semiconductor materials used in electronic device production. These devices are made using two different technologies: Thin-Film Transistors (TFTs) and Transparent Conducting Oxides (TCOs). Transparent electronics offer a wide range of uses right now. Almost any glass setting may be converted into an electronic device using this technique; windows could be used as power generators, and automotive windshields might be used to provide visual information to the driver. Transparent electronics also have a lot of uses in the military. Soldiers, for example, can view real-time video and graphics information on navigation screens.
The global Transparent Electronics Market is mainly driven by technological advancements, miniaturization, and the rising demand for sophisticated compact products globally. The increasing application of OLED as a display offers benefits such as increased brightness and decreased energy consumption. Over 61 percent of total smartphone display panels are now OLED, and mobile manufacturers are progressively adopting AMOLED panels (part of OLED) in their products to develop the transparent display for smartphones due to superior qualities such as less thickness and light output. Transparent solar cells have a number of advantages over traditional solar cells, including the fact that they take up less space, produce more energy, are environmentally friendly, can be used to replace standard window glass, and can be used to generate residential electricity. As an important means of boosting security in regular road traffic, the automobile industry is focused on see-through displays directly integrated into the windshield of a car. In crucial situations, the driver may be provided with critical, and possibly life-saving, information or warnings immediately in his field of vision. Transparency of solar cells' stability has also yet to be investigated. To improve energy conversion efficiency, solution-processable transparent PSCs have emerged as a promising developing technology for tandem solar cell applications. The market is being driven by the increasing prevalence of touch-enabled electronic devices, which can be used as a replacement for the traditional keyboard and mouse. With multi-touch enabled goods such as smartphones and tablets, this multi-touch technology is in high demand.
The Transparent Electronics Market is categorized into product, end-user, regional distribution, and competitive landscape. Based on Product, the market is fragmented into Transparent Solar Panels, Transparent displays, Smart Windows, and others. Transparent displays are expected to witness the fastest growth of 6.8% CAGR over the forecast period. Transparent displays are utilized in a variety of applications, including automotive and building windows, as well as shopping center show windows. Transparencies of solar cells in a certain lighter band are expected to offer up possibilities for solar window applications.
The Transparent Electronics market is fragmented because it is fairly competitive, and it is moderately concentrated due to the existence of numerous players operating on a national and international basis. Murata Machinery, KNAPP, Turck, SSI Schaefer, Honeywell Intelligrated, KNAPP, and Lightning Pick Technologies are key participants that offer manual pick to light systems, while companies such as AIOI-Systems, Panasonic, Banner Engineering, Omron are hardware manufacturers. The players are adopting strategies such as product launches to strengthen their position in the market. For instance, in April 2019, Daifuku Co., Ltd. announced the acquisition of India-based Vega Conveyors & Automation, involved in the consulting, design, manufacture, installation, and after-sales service of conveyors and other material handling equipment within the Indian market.
The scope of this report covers the market by its major segments, which include as follows: