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Global Transparent Electronics Market to Grow at a CAGR of 29.8% during 2019-2024
July 4, 2019 | Globe NewswireEstimated reading time: 1 minute
The global transparent electronics market reached a value of $797 Million in 2018. Looking forward, we expect the global transparent electronics market to grow at a CAGR of 29.8% during 2019-2024, reaching a value of $3,814 Million by 2024.
This report provides a deep insight into the global transparent electronics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc.
Transparent electronics currently have a diverse range of applications. Using this technology, nearly every glass setting can be transformed in to an electronic device; windows could also be utilized as power generators, automobile windshields could be used to transfer visual information to the driver. Transparent electronics, also have wide applications in defense. For instance, by using navigation displays, soldiers can see realtime video and graphics information.
Transparent electronics offers numerous advantages over conventional electronics such as more mobility, lower processing temperature, strong performance and flexibility, etc. The application of OLED as a display provides an advantage such as higher brightness and lower energy consumption. Transparent solar cells provide a significant advantage over conventional solar cells as they require lower space, give more energy, are environment friendly, can replace the ordinary window glass and can become a domestic electricity generator.
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