Screenless Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global screenless display market size reached US$ 3.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.5 Billion by 2028, exhibiting a growth rate (CAGR) of 30.9% during 2023-2028.
Screenless display refers to a technology that enables the transmission of information using interactive projection technology without the help of a projector or display screen. It provides many advantages, including saving costs, presenting distant point images at high resolution, and providing low power consumption, compared to technologies like touch screen displays. Some of the screenless displays widely available in the market include holographic displays, virtual reality (VR) goggles, heads-up displays, virtual retinal displays, and synaptic interfaces.
Screenless Display Market Trends:
The rising demand for miniaturized solutions in various industry verticals represents one of the key factors driving the need for screenless displays worldwide. Apart from this, screenless display technology is gaining immense traction in the medical field as it allows healthcare professionals to view a virtual X-ray of infected areas or gather information concerning a patient. Moreover, the technology can be utilized in industrial processes to view virtual blueprints and identify parts placement and operation. Furthermore, as screenless displays help drivers to access data in real-time conveniently without taking their eyes off the road, rising consumer preferences for luxury and premium cars are contributing to the market growth. In addition, stringent government regulations for improving passenger and driver safety are compelling automotive manufacturers to incorporate screenless displays in passenger vehicles. Besides this, key market players are investing in research and development (R&D) activities to launch screenless consumer electronics, such as smartphones, computers, laptops, and cameras. These devices are lightweight and provide greater portability and high functionalities like map navigation. This, coupled with rapid urbanization and improving purchasing power of individuals, is anticipated to provide lucrative growth opportunities to industry investors.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global screenless display market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and industry vertical.
Breakup by Type:
Visual Image
Retinal Display
Synaptic Interface
Breakup by Application:
Holographic Projection
Head-Mounted Display
Head-Up Display
Others
Breakup by Industry Vertical:
Aerospace and Defense
Automotive
Healthcare
Consumer Electronics
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BAE Systems plc, Eon Reality, Garmin Ltd., Holoxica Ltd., Microsoft Corporation, Microvision Inc., RealView Imaging Ltd., Sony Group Corporation, Synaptics Incorporated and Zebra Technologies Corporation.
Key Questions Answered in This Report:
How has the global screenless display market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global screenless display market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the industry vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global screenless display market and who are the key players?
What is the degree of competition in the industry?