Global Screenless Display Market Size, Share & Industry Trends Analysis Report By Vertical, By Type, By Application (Holographic Projection, Head-up Display, Head-mounted Display and Others), By Regional Outlook and Forecast, 2023 - 2029
The Global Screenless Display Market size is expected to reach $9.5 billion by 2029, rising at a market growth of 23.4% CAGR during the forecast period.
Modern display technology, which replaces touch screen technology to address the issues, uses screenless displays. A projector or screen is unnecessary with the emerging display technology known as screenless display, which enables users to communicate and show data. For their cutting-edge screen-less display technology, several companies are investing in patents. Although this technology is still in its infancy, its usage is anticipated to increase throughout the forecast period due to technological advancements that enable businesses to lower the cost of producing hardware components.
The screenless display also uses visual display and interactive 3D projection technology. Furthermore, during the forecast period, the market for screenless displays is expected to benefit significantly from the increased adoption of next-generation holographic solutions. Screenless displays project visual information through ricocheting light sources like plastic films, mirrors, and fog. In order to determine whether air can be used to display the data, research is now being conducted.
Due to its portability at virtually any location with sufficient circumference, this technology's introduction resolves the display space issue. The market is anticipated to grow due to the screenless display, which is anticipated to address privacy and security flaws and reduce the likelihood of error. A screenless display, a visual picture, uses the human eye to recognize any object or image. Several illustrations of the visual image display are provided below: Heads-up displays, virtual reality goggles, and holographic displays are a few examples.
The image is directly projected onto the retina by retina displays instead of using an intermediary object for light reflection. The synaptic interface entails transmitting data without the use of light straight to the human brain. Most businesses have started using this technology for efficient communication, business, education, and security systems because it has already been tested on humans.
COVID-19 Impact Analysis
The COVID-19 pandemic primarily caused several challenges for the market, including a shortage of skilled workers and project delays or cancellations due to global lockdowns that were either partial or total. In addition, one of the significant end-user of technology is automotive, which has witnessed a notable decline in demand during the pandemic. This has also negatively impacted the demand for screenless display technology during the pandemic period in the automotive sector. However, it is anticipated that the market opportunity for screenless displays after COVID-19 will be strengthened by the surge in the adoption of smart infrastructure solutions worldwide.
Market Growth Factors
Growing adoption in medical demonstration and training
Holographic projections of 3D images give the impression that they are floating in the air when the laser & object beams collide. In medicine, hologram technology projects a thorough 3D representation of internal organs and body parts. This makes it possible for medical personnel to assess diseases and injuries in more detail, leading to an accurate diagnosis. Wearable screenless devices may be the most efficient technology for protecting patient privacy. In addition, because only the user can access the information, wearable screenless displays could decrease the risk. Over the forecast period, the market for screenless displays will grow more quickly due to these factors.
Growth of gaming sector
Holographic projections or head-mounted screens are used to entirely take over the user's vision and transport them into a virtual environment. The gaming scenarios become real to the player. With a 360-degree wide-angle view, there are no restrictions on screen size. Visualizing any object in three dimensions allows viewers to generate floating representations of any object in any location. The viewer does not need computers, monitors, or tablets to create photos or view visual content. The growth of the gaming industry and the wide usage of screenless display technology in gaming is predicted to support the expansion of the screenless display market.
Market Restraining Factors
Need A lot of research before adoption
The retina may suffer harm, eventually leading to blindness. The image projected into the user's sight will undoubtedly obstruct the items in reality and may divert his attention when it is most needed. Additionally, this technology still lacks knowledge and usage to make more accurate assessments. The adoption may therefore be limited because many end-user industry players may not be able to carry out the necessary research efforts given that the screenless display is a relatively new idea. Thus, the screenless display market would witness slow growth.
Type Outlook
By type, the screenless display market is segmented into visual image, retinal display, and synaptic interface. In 2022, the retinal display segment covered a considerable revenue share in the screenless display market. Images are projected directly into the retina with Retinal Direct displays, a category of screenless displays. Because the light is projected directly onto the retina instead of being reflected from an intermediary object, they differ from visual image systems. Once marketed, direct retinal systems hold out the promise of complete privacy when computing work is done in public settings.
Application Outlook
Based on application, the screenless display market is fragmented into holographic projection, head-mounted display, head-up display, and others. In 2022, the holographic projection segment witnessed the largest revenue share in the screenless display market. Holographic technology improves customer-product communication. Virtual holographic assistants are employed in hotel rooms for various tasks, including placing food orders, organizing itineraries, calling cabs, and more. In order to improve engagement, virtual holographic assistants are also employed in voice call services.
Vertical Outlook
On the basis of vertical, the screenless display market is bifurcated into aerospace & defense, automotive, healthcare, consumer electronics, and commercial. The healthcare segment recorded a remarkable revenue share in the screenless display market in 2022. Healthcare training can be conducted using any type of screenless display. Everyone can offer a sizable display of bacteria, anatomy, cells, or anything else that cannot be seen unaided. Holograms have an advantage over screen displays because they allow instructors and students to view a 3D image simultaneously and interact with it to answer any queries.
Regional Outlook
Region wise, the screenless display market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2022, the North America region led the screenless display market by generating the highest revenue share. Due to the growing investments made by significant market participants in creating next-generation screenless display technologies, the screenless display market in North America has been expanding. In addition, major government organizations & companies in North American nations are heavily investing in developing screenless display technology, fueling the market's expansion.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Google LLC, BAE Systems PLC, Avegant Corporation, RealView Imaging Ltd., Holoxica Limited, SeeReal Technologies S.A., MicroVision, Inc., Synaptics Incorporated and Leia, Inc.
Scope of the Study
Market Segments covered in the Report:
By Vertical
Aerospace & Defense
Automotive
Healthcare
Consumer Electronics
Commercial
By Type
Visual Image
Retinal Display
Synaptic Interface
By Application
Holographic Projection
Head-up Display
Head-mounted Display
Others
By Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA
Companies Profiled
Microsoft Corporation
Google LLC
BAE Systems PLC
Avegant Corporation
RealView Imaging Ltd.
Holoxica Limited
SeeReal Technologies S.A.
MicroVision, Inc.
Synaptics Incorporated
Leia, Inc.
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