The growth of the global screenless display market is majorly driven by enhanced privacy & security paired with advancements in technologies. Moreover, low power & space requirement is anticipated to drive the growth of screenless display. However, high cost and limited availability coupled with a lack of awareness about screenless display technology act as prime restraint of the global screenless display market. On the contrary, the surge in demand for gaming solutions is anticipated to provide lucrative opportunities for the screenless display industry during the forecast period.
The world 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). By application, the market is segmented into holographic projections, head-mounted displays, and head-up displays. Based on industry vertical, it is classified into aerospace & defense, automotive, healthcare, consumer electronics and commercial. 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).
The key players that operate in the Screenless display market 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.
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.
Key Market Segments
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
- Avegant Corporation
- BAE Systems
- Microsoft Corporation
- RealView Imaging Ltd.
- MicroVision Inc.
- Synaptic Incorporated
- Seereal Technologies S.A.
- Google Inc.
- Holoxica Ltd.
- Zebra Imaging Inc.
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Table of Contents
Executive Summary
According to this report titled, 'Screenless Display Market,' the screenless display market was valued at $1.9 billion in 2020 and is estimated to reach $14.9 billion by 2030, growing at a CAGR of 23% from 2021 to 2030.Screenless display technology is an enhanced display technology designed to transmit visual information from a video source without using a screen. The global screenless display technology is an interactive projection technology intended to address issues associated with the shrinking of modern communication technologies. Moreover, screenless display technology can be divided into retinal direct, visual image, and synaptic interface.
The growth of the global screenless display market is majorly driven by enhanced privacy & security paired with advancements in technologies. Moreover, low power & space requirement is anticipated to drive the growth of screenless display. However, high cost and limited availability coupled with a lack of awareness about screenless display technology act as prime restraints of the global screenless display market. On the contrary, a rise in demand for gaming solutions is anticipated to provide lucrative opportunities for the screenless display industry during the forecast period.
According to screenless display market analysis, the Holographic Projection segment was the highest contributor to the market in 2020. The aerospace & defense and automotive segments collectively accounted for around 49.4% market share in 2020. The surge in adoption of digital gaming solutions has led to the growth of the visual image segment; thereby, enhancing the screenless display market growth.
The outbreak of COVID-19 has significantly impacted the screenless display market size. The decline in demand for screenless display-based applications such as screenless monitor has significantly impacted the demand for screenless display solutions during the pandemic. Further, the lack of availability of a professional workforce due to partial and complete lockdown implemented by governments across the globe has restrained the growth of the screenless display market during the pandemic. However, the surge in demand for digital gaming and entertainment solution has led to the growth of screenless display solutions and is expected to drive the growth of the screenless display market post-pandemic.
Region-wise, North America holds a significant share in the global screenless display market, owing to the presence of prime players in this region. Further, the U.S. holds a dominating position in the screenless display market owing to a rise in investment by prime players and government agencies to develop next-generation screenless display solutions. The adoption of screenless display solutions across gaming sectors is expected to propel the growth of the screenless display market trends in this region.
Key findings of the Study
- By type, the visual image segment accounted for maximum revenue in 2020 and is projected to grow at a notable CAGR of 20.9% during the forecast period.
- By industry vertical, the aerospace & defense and aerospace segments together accounted for around 49.4% of the screenless display market share in 2020.
- By application, the Head-mounted display segment is projected to witness growth at a CAGR of 23.9% during the forecast period.
- By region, North America contributed a major share in the screenless display market, accounting for more than 38.0% share in 2020.
- The screenless display market 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. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the screenless display market.
Companies Mentioned
- Avegant Corporation
- BAE Systems
- Microsoft Corporation
- RealView Imaging Ltd.
- MicroVision Inc.
- Synaptic Incorporated
- Seereal Technologies S.A.
- Google Inc.
- Holoxica Ltd.
- Zebra Imaging Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 275 |
Published | March 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 1.93 billion |
Forecasted Market Value ( USD | $ 14.85 billion |
Compound Annual Growth Rate | 22.6% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |