Global Screenless Display Market 2024-2031

Global Screenless Display Market 2024-2031

Global Screenless Display Market Size, Share & Trends Analysis Report by Technology (Visual Image, Retina, and Synaptic Interface), by Application (Consumer Electronics, Aerospace & Defense, Aerospace & Defense, and Other (Automotive)) Forecast Period (2024-2031)

Global screenless display market is anticipated to grow at a significant CAGR of 28.4% during the forecast period (2024-2031). The continuous innovation in screenless display technology along with growing demand for highly advanced gazettes among tech-savvy consumers is a key factor driving the global screenless display market. The high cost of manufacturing this complicated technology is a key hindrance to its market growth.

Market Dynamics

Technological Advancement to Drive the Global Market

The technological advancement in the field of interactive science has driven the interest of users towards the screenless display. Significant launches of holographic videos, retinal display bionic contact lenses, and virtual reality headsets are further contributing to the global market growth. Issues regarding space restriction and portability in screen-based displays, comparatively low power consumption, the proliferation of big-screen mobile phones, and the growing gaming industry globally are some of the key promoters of the global market.

Market Segmentation

Our in-depth analysis of the global screenless display market includes the following segments by technology and end-user:

Based on technology, the market is sub-segmented into visual image, retina, and synaptic interface.

Based on end-user, the market is sub-segmented into consumer electronics, aerospace & defense, aerospace & defense, and other (automotive).

Visual Image Holds Major Share in the Global Market

Based on the type, the global screenless display market is sub-segmented into visual image, retina, and synaptic interface. Visual images hold the major share in the market based on type. The emergence of holographic displays as an efficient alternative for screens and touch screens, and visual image screen displays has gained prominence in recent years. In February 2024, HoloWave launched the Hologram Fan. This innovative device promises to transform any space into a mesmerizing visual spectacle, offering unparalleled flexibility, quality, and interactivity.

Further, in September 2023, Illumetry, a provider of XR displays, unveiled its ‘Illumetry EOS’ device. The Illumetry EOS features a 65-inch diagonal display that can show virtual objects as volumetric holograms that are viewable from any angle. Illumetry refers to these as “holographic scale models.”Such developments are further contributing to the growth of this market segment.

Regional Outlook

The global screenless display market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).

North America Holds Major Market Share

Among all the regions, North America holds a significant share owing to the presence of key players that are investing in screenless display technology. The emergence of new startups that are focusing on this technology is further aiding the regional market growth. The MIT research wing has been working on this technology to explore its potential. Several other institutions in the US are also working on screenless display technology which is further contributing to the regional market growth. The University of Washington has brought out retinal projection systems, which could help the visually impaired. The high readiness of US consumers to upgrade to new technology is making a positive impact on the regional market growth. The increasing disposable income in the US that supports heavy spending on new gadgets to meet the expected lifestyle requirements is another contributor to the regional market growth.

Market Players Outlook

The major companies serving the global screenless display market include Alphabet Inc., Eon Reality Inc., Microsoft Corp., Realview Imaging Ltd., and Sony Corp. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in February 2020, a group of researchers at Bosch in Germany developed a new type of Augmented Reality (AR) smart glasses and recently announced the launch of AR smart contact lenses. These AR smart glasses are capable of offering new light drive glasses that beam images directly onto users' eyeballs with tiny lasers. The glasses are made up of screenless display technology.

The Report Covers

Market value data analysis of 2023 and forecast to 2031.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global screenless display market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.