Screenless Display Market

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.

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

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.

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.

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