According to Market Research Future (MRFR), the global Screenless Display Market is estimated to garner USD 1,654 million with a CAGR of 32% from 2017 to 2023 (forecast period). The study provides a thorough and accurate review of the effect of the COVID-19 pandemic on the global screenless display industry.
Screenless display is one of the significant emerging technologies that will alter the landscape of consumer electronics in the near future. Screenless technologies transmit the information directly to the retina of the eye without the assistance of any screen or projector. The key driver of the growth of the screenless display market is the rising demand for portability and the growing demand for innovation.
Market Dynamics
The rising trend of miniaturization is a significant driver of the growth of the global screenless display industry. In addition, the growing acceptance of screenless displays for augmented reality and virtual reality, combined with growing developments in the gaming industry, are other key factors driving the growth of the global screenless display market. The emerging industry trend is the introduction of screenless displays in medical imaging scanners, consumer electronics, and entertainment. This trend is anticipated to contribute significantly to the growth of the global screenless market over the forecast period.
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Market Segmentation
The global market for screenless display has been segmented on the basis of type, application, and vertical.
On the basis of type, the global screenless display market has been segmented into visual image, retinal display, and synaptic interface. The retinal display segment operates by projecting the images directly into the retina of the eye. Unlike the other device, there is no reflection of light. This is a distinguishing factor about the retinal display. As a consequence, the user can see the image floating in the space in front of him. Also, the high-definition resolution makes it capable of being used in daylight.
On the basis of application, the global screenless display market has been segmented into holographic projections, a head-mounted display, and a head-up display.
On the basis of vertical, the global screenless display market has been segmented into aerospace & defense, automotive, healthcare, consumer electronics, and commercial.
Regional Analysis
The regional analysis of the screenless display market is being studied for regions such as Asia Pacific (APAC), North America, Europe, and the Rest of the World.
North America has the largest market share in the global screenless display market, trailed by Europe and the Asia Pacific regions. The growth of the North American region is primarily driven by the United States and Canada and is due to the rising demand for mobile devices and portable consumer electronics in the region. The area also has a well-established infrastructure that allows easy implementation of advanced technologies.
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Key Players
The industry giants in the screenless display market are – Avegant Corporation (U.S.), Google, Inc. (U.S.), Leia Inc. (U.S.), Displair, Inc. (Russia), Microsoft Corporation (U.S.), Holoxica Ltd. (U.K.), RealView Imaging Ltd. (Israel), Microvision Inc. (U.S.) Zebra Imaging, Inc. (U.S.), and Kapsys (France) among others.
Avegant Corporation is one of the most prominent players in the screenless display industry. Avegant released Glyph, a video set capable of putting a personal video theatre around the eyes by using tiny DLP projectors. Avegant is currently updating its Glyph prototype to a commercial version and is also set to launch its Beta version. Other companies such as Displair, Inc. have introduced an air touch system that projects laser beams into humid air molecules. Growing the adoption of smartphones with advanced displays is one of the key factors driving the screenless display industry’s growth.
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