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2022
Screenless Display Market

Screenless Display Market

by Type (Visual Image, Retinal Display, Synaptic Interface), by Application (Holographic Projection, Head-mounted Display, Head-up Display, Others), by Industry Vertical (Aerospace & Defense, Automotive, Healthcare, Consumer Electronics, Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2030

✷  Report Code: A00377
Pages: 275
Mar 2022 | 25156 Views
Author(s) : Himanshu J , Vineet K
Tables: 162
Charts: 63
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Screenless Display Market Research, 2030

The global screenless display market was valued at $1.9 billion in 2020 and is projected to reach $14.9 billion by 2030, growing at a CAGR of 23% from 2021 to 2030.

Screenless display is a developing display technology that allows users to display and transmit data without the use of a screen or projector. Several firms are spending to get patents for their innovative screen-less display technology. Despite the fact that this technology is still in its early stages, its usage is likely to expand throughout the forecast period due to technical developments that are expected to allow firms to cut their overall hardware component production costs.

The screenless display market is significantly affected by the emergence of COVID-19, owing to the shutdown of manufacturing units globally. However, the market is expected to register significant growth in the coming years due to surge in adoption of consumer devices across the globe"

In addition, the screenless display is designed to use interactive technology with 3D projection and visual display technology. Moreover, the rise in penetration of next-generation holographic solutions is anticipated to offer significant growth opportunities for the screenless display market growth during the forecast period​​​​​​.

The screenless display market share is expected to witness notable growth during the forecast period, owing to advancements in technologies. Furthermore, low power & space requirement has driven the growth of the screenless display market size. Furthermore, enhanced privacy & security is expected to propel the screenless display market growth during the forecast period.

However, high cost and limited availability paired with a lack of awareness about screenless display technology are some of the prime factors that restrain the screenless display market outlook. On the contrary, the surge in demand for gaming solutions is projected to provide lucrative opportunities for the growth of the screenless display industry during the forecast period.

The outbreak of COVID-19 significantly impacted the growth of the screenless display market forecast in 2020, owing to a significant impact on prime players operating in the supply chain. However, the upsurge in demand for screenless monitor solutions across prime sectors is one of the major factors that propel the market growth during the COVID-19 pandemic. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as a lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdown, globally. Furthermore, the surge in the adoption of smart infrastructure solutions globally is expected to strengthen the screenless display market opportunity post-COVID-19.

The screenless display market is segmented on the basis of type, application, industry vertical, and geography. By technology type, the market is segmented into a visual image, retinal display, and synaptic interface (brain-computer interface). The visual image segment dominated the market, in terms of revenue, in 2020, and is expected to follow the same trend during the forecast period.

Screenless Display Market
By Type

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Visual Image segment influence the market in 2020, and expected to follow the same in future.

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By application, the market is segmented into holographic projections, head-mounted displays, head-up displays, and others. The holographic projections segment dominated the market in 2020 and is anticipated to drive the market in the coming years

Screenless Display Market
By Application

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Holographic projection segment hold domination position in 2020.

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By industry vertical, it is classified into aerospace & defense, automotive, healthcare, consumer electronics, and commercial. The aerospace & defense segment acquired the largest share in 2020, and the BFSI segment is expected to grow at a high CAGR from 2021 to 2030.

Screenless Display Market
By Industry Vertical

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Automotive segment generated the highest revenue in 2020.

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Region-wise, the screenless display market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America, specifically the U.S., remains a significant participant in the global screenless display industry, owing to the rise in the initiative by prime players to develop next-generation screenless display technology. Major organizations and government institutions in the country are intensely putting resources into technology.

Screenless Display Market
By Region

2030
North America 
Europe
Asia-Pacific
LAMEA

North America segment garner significant market share in 2020.

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TOP IMPACTING FACTORS

Significant factors that impact the growth of the global screenless display industry include low power & space requirements paired with advancements in technologies. Moreover, a sense of depth perception is expected to drive the market opportunity. However, high cost and limited availability paired with a lack of awareness about screenless display technology act as a prime barrier to early adoption, which hampers the growth of the market. On the contrary, the rise in demand for gaming solutions is expected to offer a potential growth opportunity for the screenless display market during the forecast period.

COMPETITION ANALYSIS

Competitive analysis and profiles of the major Screenless display market players, such as Avegant Corporation, BAE Systems, Microsoft Corporation, RealView Imaging Ltd., MicroVision Inc., Synaptic Incorporated, Seereal Technologies S.A., Google Inc., Holoxica Ltd., and Zebra Imaging Inc. are provided in this report.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the screenless display market analysis from 2020 to 2030 to identify the prevailing screenless display market opportunities.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • An in-depth analysis of the screenless display market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global screenless display market trends, key players, market segments, application areas, and market growth strategies.

Screenless Display Market Report Highlights

Aspects Details
By Type
  • Visual Image
  • Retinal Display
  • Synaptic Interface
By Application
  • Holographic Projection
  • Head-mounted Display
  • Head-up Display
  • Others
By Industry Vertical
  • Aerospace & Defense
  • Automotive
  • Healthcare
  • Consumer Electronics
  • Commercial
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (United Kingdom, Germany, France, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Rest Of Asia Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Google Inc., Holoxica Ltd., Seereal Technologies S.A., Zebra Imaging Inc., Microsoft Corporation, Synaptic Incorporated, MicroVision Inc., Avegant Corporation, RealView Imaging Ltd., BAE Systems
 

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The screenless display industry has enormous development potential globally. The market, which is still in its early stages, has begun to contribute considerably to the broader display technology industry. Furthermore, the contribution to the worldwide market is predicted to grow considerably in the coming years. In addition, the surge in demand for the IoT and smart infrastructure solutions across the residential, commercial, and healthcare sectors is projected to drive the growth of the screenless display market in the coming years.

The global screenless display market is highly competitive owing to the strong presence of existing vendors. Screenless display vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors.

The surge in demand for screenless display-based gaming solutions across residential sectors globally drives the need to enhance screenless display solutions. Moreover, prime economics, such as the U.S., China, the UK, and Japan, plan to develop and deploy next-generation screenless display solutions across various sectors.

Among the analyzed regions, North America exhibits the highest adoption rate of screenless displays and has experienced a massive expansion of the market. On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth, due to emerging countries, such as China, Japan, and India, investing in these technologies. Regions, such as the Middle East and Latin America, are also expected to offer new opportunities in the screenless display market in the future.

Various key players and government agencies have invested in screenless displays to make them compatible with various industrial platforms globally. For instance, in September 2021, Agent, a leading developer of screenless displays announced AG-30L 30º and AG-50L 50º LED light engines. Avegant's 30º AR light engine uses proprietary illumination technology to dramatically reduce engine volume and weight while preserving efficiency and MTF, which showcases lucrative growth opportunities for the market growth. 

The key players profiled in the report include Avegant Corporation, BAE Systems, Microsoft Corporation, RealView Imaging Ltd., MicroVision Inc., Synaptic Incorporated, Seereal Technologies S.A., Google Inc., Holoxica Ltd., and Zebra Imaging Inc.

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FREQUENTLY ASKED QUESTIONS?

A. The rise in demand for the screenless monitor in the gaming sector is a significant contributor to the growth of the screenless display market in the coming years.

A. Holographic Projection is the leading application in the Screenless Display Market.

A. North America is the largest regional market for Screenless Display Market.

A. The global Screenless Display market was valued at $1.93 billion in 2020.

A. Google Inc., Avegant Corporation, and BAE Systems are some of the leading companies holding significant market share.

A. The screenless display market is expected to grow at a CAGR of 23.0%.

A. Low power & space requirements and enhanced privacy & security offered by the screenless display are driving the market during the forecast period.

A. Type, Application, and Industry Vertical are the segment covered in this report.

A. Market players have adopted various strategies, such as product launch, collaboration & partnership, and acquisition, to expand their foothold in the screenless display market

A. By Type, Synaptic Interface segment grow at a high CAGR during the forecast period.

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