PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555563
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555563
The market for Screenless Display was projected to reach USD 3,214.6 million in 2023 and expand at a CAGR of 32.00% between 2024 - 2032.
With the aid of interactive projection technology and without the use of a projector or display screen, information can be transmitted through a screenless display. Compared to technologies such as touchscreen displays, it offers several benefits, such as reduced costs, high-resolution presentations of distant point pictures, and little power consumption. Virtual reality (VR) goggles, heads-up displays, synaptic interfaces, holographic displays, and virtual retinal displays are a few of the screenless displays that are now on the market.
Screenless Display Market- Market Dynamics
Growing Developments in Touch Displays Drive Market Growth
The market growth for screenless displays is primarily driven by the fixed or limited size of touch displays, which are made possible by the growing emphasis on device downsizing. Retinal imaging can be used in screenless displays to address the privacy concern associated with smartphones, tablets, and other electronic devices. Additionally, sales of screenless displays are anticipated to increase globally due to expanding smartphone and consumer electronics penetration as well as rising consumer technological know-how. Large IT corporations are increasing the usage of screenless screens by investing in them. For instance, Apple's "Vision Pro," which creates a 3D virtual environment, symbolizes the beginning of screenless computing. In addition, the industry is developing because of the increasing transition from a 2D to a 3D virtual environment and the thriving Metaverse. To support Looking Glass Factory in creating an end-to-end holographic platform, which presents content in a 3D lifelike pattern without the need for a headset or head-tracking, Accenture stated in February 2023 that it will invest in the hologram startup.
Screenless Display Market- Key Insights
According to our research analyst's analysis, the global market is projected to expand at a CAGR of approximately 32.00% during the forecast period of 2024-2032.
On the basis of product type, the retinal display category was projected to have the largest market share in 2023.
On the basis of application, the holographic projection category emerged as the top segment in 2023.
North America accounted for the largest revenue share by region in 2023.
The Global Screenless Display Market is segmented into Product type, Application, End-user, and Region.
The market is segmented into Retinal Display, Visual Image, and Synaptic Interface categories based on product type. Throughout the forecast period, the retinal display segment is anticipated to record the greatest CAGR. Retinal displays are state-of-the-art technologies in the context of displays without screens. Rather than utilizing conventional screens, these displays project images straight into the retina of the observer. They avoid the need for actual screens in this way, providing a more engaging and possibly more pleasant viewing experience. This technology has various of potential uses, especially in AR and VR, where small, light, and high-resolution screens are essential for producing genuinely immersive experiences.
The market is segmented into the following segments: Healthcare, Aerospace & Defense, Automotive, Commercial, Consumer Electronics, and Others. The consumer electronics industry is expanding significantly. Screenless display is expected to increase positively as new technologies are implemented and investments are made in AR and VR to respond to changing market dynamics. Technology has a lot of room to expand, even if it is still in its infancy. Touch screens' limited portability can be solved with screenless displays. Additionally, screenless displays have lower energy usage and more security measures than regular screens, which are expected to increase consumer demand for this type of technology in devices.
Screenless Display Market- Geographical Insights
The Screenless Display market is widely distributed geographically in North America, Europe, Latin America, Asia Pacific, the Middle East and Africa. These areas are further separated based on the countries that provide business.
In 2023, the market for screenless displays was led by North America. Technological innovation and rising demand across several sectors are driving the rapid growth of the regional industry. The area is leading the way in the development of screenless displays thanks to the presence of significant players and a thriving R&D environment. Screenless displays provide better safety features, more efficient operations, and better user experiences in industries like healthcare, automotive, and consumer electronics. The use of AR and VR technologies is very notable; examples of its applications include vehicle Heads-up Displays (HUDs) and medical imaging. North America is positioned to continue to be a major center for the development and implementation of screenless displays as the market develops, spurring innovation and influencing subsequent trends in the sector.
The rising demand for consumer electronics combined with the strengthening expansion of the aerospace and healthcare industries in key regional countries is predicted to propel the Asia-Pacific region's growth at a high compound annual growth rate (CAGR). The country's electronics and information manufacturing had sustained growth from January to August 2022, according to the Ministry of Industry and Information Technology, with a 9.3% year-over-year increase in the top firms' value added. Positive initiatives to support electronics manufacturing, such the "Production Linked Incentive Scheme," have opened up new growth opportunities. Furthermore, significant research and development expenditures made by large corporations and academic institutions, together with continuous advancements in holography technology, are propelling the expansion of the regional market.
A few companies that have a substantial portion of the screenless display market are Synaptic Incorporated, Google Inc., Zebra Imaging Inc., Microsoft Corporation, and others. The sector is made up of tech-driven businesses that either create their goods or buy out businesses that have the necessary technological know-how. New players in the market can maintain their competitiveness and expand their product offerings by forming strategic alliances.
July 2022: The "HoloMedTM" range of holographic inserts for medical carts, patient monitors, and Holo Industries LLC introduced other items. By removing the possibility of surface contact and touchpoints, the approach lowers the frequency of common infections in patients and healthcare workers.
February 2020: Recently, a team of German researchers at Bosch announced the release of AR smart contact lenses in addition to creating a new style of AR smart spectacles. With the help of small lasers, these AR smart glasses can provide users with revolutionary light drive spectacles that project images straight into their eyes. The technology used in the glasses is the screenless display.