Transparent LED gets specified for one reason: the thing behind the screen matters. The lighting rig, the band, the architecture, the sky. A solid wall would erase it, so a designer asks for transparency — and then discovers that transparency is sold as a trade. Give up brightness. Give up structural rigidity. And give up any hope of the screen being anything other than flat.
There is a real physical reason for the first part of that trade. Open up the surface to let light through and there is simply less LED per square metre to produce an image. Every transparent product on the market lives with that constraint, and the honest ones say so.
What is less defensible is everything that usually gets bundled in alongside it. Transparent product has a habit of arriving dim, flimsy, and stubbornly rectangular — and the last of those three is rarely a physical necessity at all. It is a design decision, made once, that quietly narrows what the technology can be used for.