Screenless Display Market Expected to Reach $14.9 Billion by 2030—Allied Market Research

According to a new report published by Allied Market Research, titled, “Screenless Display Market," The screenless display market was valued at $1.9 billion in 2020 and is estimated to reach $14.9 billion by 2030, growing at a CAGR of 23% from 2021 to 2030.

Screenless display technology is an enhanced display technology designed to transmit visual information from a video source without using a screen. The global screenless display technology is an interactive projection technology intended to address issues associated with the shrinking of modern communication technologies. Moreover, screenless display technology can be divided into retinal direct, visual image, and synaptic interface.

The growth of the global screenless display market is majorly driven by enhanced privacy & security paired with advancements in technologies. Moreover, low power & space requirement is anticipated to drive the growth of screenless display. However, high cost and limited availability coupled with a lack of awareness about screenless display technology act as prime restraints of the global screenless display market. On the contrary, a rise in demand for gaming solutions is anticipated to provide lucrative opportunities for the screenless display industry during the forecast period.

According to screenless display market analysis, the Holographic Projection segment was the highest contributor to the market in 2020. The aerospace & defense and automotive segments collectively accounted for around 49.4% market share in 2020. The surge in adoption of digital gaming solutions has led to the growth of the visual image segment; thereby, enhancing the screenless display market growth.

The outbreak of COVID-19 has significantly impacted the screenless display market size. The decline in demand for screenless display-based applications such as screenless monitor has significantly impacted the demand for screenless display solutions during the pandemic. Further, the lack of availability of a professional workforce due to partial and complete lockdown implemented by governments across the globe has restrained the growth of the screenless display market during the pandemic. However, the surge in demand for digital gaming and entertainment solution has led to the growth of screenless display solutions and is expected to drive the growth of the screenless display market post-pandemic.

Region-wise, North America holds a significant share in the global screenless display market, owing to the presence of prime players in this region. Further, the U.S. holds a dominating position in the screenless display market owing to a rise in investment by prime players and government agencies to develop next-generation screenless display solutions. The adoption of screenless display solutions across gaming sectors is expected to propel the growth of the screenless display market trends in this region.

KEY FINDINGS OF THE STUDY

• By type, the visual image segment accounted for maximum revenue in 2020 and is projected to grow at a notable CAGR of 20.9% during the forecast period.
• By industry vertical, the aerospace & defense and aerospace segments together accounted for around 49.4% of the screenless display market share in 2020.
• By application, the Head-mounted display segment is projected to witness growth at a CAGR of 23.9% during the forecast period.
• By region, North America contributed a major share in the screenless display market, accounting for more than 38.0% share in 2020.

The screenless display market key players profiled in the report include Avegant Corporation, BAE Systems, Microsoft Corporation, RealView Imaging Ltd., MicroVision Inc., Synaptic Incorporated, Seereal Technologies S.A., Google Inc., Holoxica Ltd., and Zebra Imaging Inc. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the screenless display market.