Blockchain Press Releases
Rapid Expansion of Transparent Display Market Predicted to Reach USD 17.1 Billion by 2028, Fueled by a Robust CAGR of 44.5%, According to Competitor Analysis in the Technology Sector
NEW YORK, July 17, 2023 /PRNewswire/ — As per Facts and Factors study, the global transparent display market size was worth around USD 1.3 billion in 2021 and is predicted to grow to around USD 17.1 billion by 2028 with a compound annual growth rate (CAGR) of roughly 44.5% between 2022 and 2028.
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Transparent Display Market: Overview
A see-through display sometimes referred to as a transparent display, is an electronic screen that enables users to see through it while still allowing them to see what is displayed on it. Digital signs, virtual or augmented systems, head-up displays, and general large-scale spatial light manipulation are all examples of applications for this type of display.
They differ from image-combination technologies, which produce visually comparable effects by visually fusing a variety of images in the field of view. Transparent displays are more adaptable than combination-based systems because they embed the screen’s active matrix in the field of vision.
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- Facts and Factors Methodology
Key Industry Insights & Findings of the Transparent Display Market Reports:
- As per the analysis, the transparent display market share is likely to grow above a CAGR of around 44.5% between 2022 and 2028.
- The transparent display market size was worth around USD 1.3 billion in 2021 and is estimated to hit approximately USD 17.1 billion by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on technology, the OLED segment is expected to hold the largest market share during the forecast period.
- Based on the display size, the small & medium segments accounted for the largest revenue share in 2021.
- Based on vertical, the healthcare segment is expected to grow at the highest CAGR during the forecast period.
- Based on region, the Asia Pacific is projected to hold the largest market share during the forecast period.
Facts and Factors published the latest report titled “Transparent Display Market Size, Share, Growth Analysis Report By Technology (LCD, OLED, and Others), By Display Size (Small & Medium, and Large), By Resolution (Ultra HD, Full HD, HD, and Others), By Product (HMD, HUD, Digital Signage, and Smart Appliance), By Vertical (Consumer, Retail & Hospitality, Sports & Entertainment, Aerospace & Defense, Healthcare, Automotive & Transportation, Industrial, and Others), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” into their research database.
Transparent Display Market: Growth Drivers
Modern sophisticated technologies are developing more quickly, with each technology being replaced by a new one. Major issues with device shrinking were resolved by the transparent display. The creation of transparent displays is made possible by the limited area of screen-based displays. The presence of significant manufacturers and rising R&D expenditures on technology and product development by research universities and significant manufacturers are responsible for the growth of the transparent display industry.
Samsung has stated that it will invest $11 billion in next-generation displays in 2019. Similar to this, LG has promised to make significant investments in the advancement of this technology. Thus, these investments propel the market growth during the forecast period.
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Global Transparent Display Market: Segmentation Overview
The global transparent display market is segmented based on technology, display size, resolution, product, vertical, and region.
- OLED sector is anticipated to have the biggest market share
The global market is divided into LCD, OLED, and other segments based on technology. During the projected period, the OLED sector is anticipated to have the biggest market share. Compared to LCD, OLED has a simpler structure and offers greater picture quality and form factor. OLED performs better and is more flexible and thinner. The color range is already broad, in contrast to the artificial changes made by LCDs. The contrast ratio and picture response time are also excellent. Due to these qualities, OLED swiftly became the preferred technology to replace LCDs. OLED display technology is thus likely to have a significant positive impact on the transparent display industry throughout the foreseeable timeframe.
The global transparent display market is divided into small, medium, and large segments based on display size. The small and medium-sized business category had the biggest revenue share in 2021, and it is anticipated that it will continue to dominate the market over the coming years. Because of their small size, low power consumption, and high brightness, they have become an essential component of several devices, such as head-mounted display (HMD) systems and heads-up display (HUD) systems. The rise of the transparent display market is being driven by the increasing usage of AR HMDs in industrial, military, defense, aerospace, and medical applications as well as their connectivity between virtual objects and reality. Therefore, there is potential for a transparent display to expand at a rapid rate in the future due to the growing use of the transparent display for different small and medium-sized goods, such as HMDs and HUDs.
- Healthcare segment is anticipated to expand at the greatest CAGR throughout the forecast period
The market is divided into consumer, retail & hospitality, sports & entertainment, aerospace & defense, healthcare, automotive & transportation, industrial, and other segments based on vertical. The industry segment for healthcare is anticipated to expand at the greatest CAGR throughout the forecast period. Because of the increasing number of technological advancements in the healthcare industry, transparent displays are being employed more frequently in situations like surgery and patient check-ups. Transparent displays are used to assist surgeons during essential surgeries. Additionally, many companies and research organizations are developing these displays for a range of functions, and the healthcare industry is growing considerably year over year. The Industrial Technology Research Institute (ITRI) developed a surgical navigation system with a transparent display in 2021 to lessen the risk of surgery. To address the demands of preoperative communication and intraoperative navigation, this system offers high-precision direct view type virtual-real fusion picture information. Future applications for this include smart surgery and medical education. Thus, these factors influence segment growth during the forecast period.
Recent Developments:
- In November 2020, a 55-inch transparent OLED display module has been released by Panasonic. The new Panasonic device has a transparent OLED display screen that is self-illuminating and does not require a backlight.
- In December 2020, LG partnered with Assa Abloy to supply transparent OLED automatic doors. The product combines LG’s 55-inch transparent organic light-emitting diode (OLED) signage and related software with the automated glass sliding doors of Assa Abloy.
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Competitive Players
The report contains qualitative and quantitative research on the global Transparent Display Market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global Transparent Display market include;
- Planar Systems Inc.
- Pro Display
- Crystal Display Systems Ltd.
- LG Electronics Inc.
- Panasonic Corporation
- BenQ Corporation
- Clear LED
- Kent Optronics Inc.
- NEC Display Solutions Ltd.
- Universal Display Corporation
- Evoluce GmbH
- Globus Infocom Ltd.
- Hangzhou Hikvision Digital Technology Co. Ltd.
- Japan Display Inc.
Key questions answered in this report:
- What is the growth rate forecast and market size for Transparent Display Market?
- What are the key driving factors propelling the Transparent Display Market forward?
- What are the most important companies in the Transparent Display Market Industry?
- What segments does the Transparent Display Market cover?
- How can I receive a free copy of the Transparent Display Market sample report and company profiles?
Report Scope:
|
Report Attribute |
Report Details |
|
Market Size in 2021 |
USD 1.3 Billion |
|
Market Forecast in 2028 |
USD 17.1 Billion |
|
Growth Rate |
CAGR of 44.5% |
|
Base Year |
2021 |
|
Forecast Years |
2022- 2028 |
|
Key Companies Covered |
Planar Systems Inc., Pro Display, Crystal Display Systems Ltd., LG Electronics Inc., Panasonic Corporation, BenQ Corporation, ClearLED, Kent Optronics Inc., NEC Display Solutions Ltd., Universal Display Corporation, Evoluce GmbH, Globus Infocom Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Japan Display Inc., and others. |
|
Segments Covered |
By Technology, Display Size, Resolution, Product, Vertical, and Region |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
|
Customization Scope |
Avail customized purchase options to meet your exact research needs. |
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Regional Analysis:
The Asia Pacific region is expected to dominate the global transparent display market during the forecast period. The growth in the region is attributed to the increasing demand for transparent displays in various end-user such as automotive, where these displays are used as a windshield, retail shops, where these eye-catching displays are used for better advertisements, and others.
As automakers progressively incorporate cutting-edge technology into vehicles, the rise of the automotive industry, particularly the electric car, is anticipated to generate a favorable market environment for the transparent display market. The largest EV manufacturer, China, is anticipated to continue to be a key driver of transparent display demand.
Global Transparent Display Market is segmented as follows:
By Technology
- LCD
- OLED
- Others
By Display Size
- Small & Medium
- Large
By Resolution
- Ultra HD
- Full HD
- HD
- Others
By Product
- HMD
- HUD
- Digital Signage
- Smart Appliance
By Vertical
- Consumer
- Retail & Hospitality
- Sports & Entertainment
- Aerospace & Defense
- Healthcare
- Automotive & Transportation
- Industrial
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
BlocksBridge Consulting
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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