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The Asia Pacific region is projected to hold a significant share in the overall market growth of transparent glass in the coming years. This can be attributed to the launch of transparent displays in various end-use industries including commercial, automotive, and consumer applications, among others, in countries like Japan, South Korea, and China, which is driving the growth of the market. The rapid industrialisation and the subsequent rise in disposable incomes and expanding standards of living is further invigorating the demand for advanced display technology from the commercial sector, which in turn is providing impetus to the market growth. Moreover, owing to the low cost associated with the production of transparent displays in China and the presence of leading industry layers in major countries of the region, the market growth in the region is further enhancing.
Panasonic Corporation (TYO: 6752), leading player in the global market for transparent displays, recently announced the commercialisation of a 55-inch transparent OLED display in December 2020. As the display panel is transparent, objects behind the glass are still visible allowing a variety of image presentations such as display of images over actual objects in the background. The product uses the OLED technology which does not require a backlight and the ultra-thin displays offers high transparency and renders high quality pictures with vivid colours. In addition, the product is provided with a highly versatile modular specification which enables various applications at homes and outdoor spaces like commercial complexes, transit advertisements and public facilities. Such developments by leading market players are augmenting the overall growth of the market.
Market Analysis by Display Size, Product, Technology, Resolution, End-Use Industry, and Region:
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The major players in the global transparent display market are Hangzhou Hikvision Digital Technology Co., Ltd., LG Electronics Inc., BenQ Corporation, Samsung Electronics Co., Ltd., Panasonic Corporation, Planar Systems, Inc., and Crystal Display Systems Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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