NEW YORK, Oct. 4, 2023 /PRNewswire/ -- The "Screenless Display Market by Technology (Visual image, Retinal display, and Synaptic interface), Application (Automotive, Consumer electronics, Aerospace and defense, Healthcare, and Commercial), and Geography (North America, Europe, APAC, Middle East and Africa, and South America) - Forecast and Analysis 2023-2027" report has been added to Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the screenless display market between 2022 and 2027 is USD 5.44 billion. Rising demand for more convenient and portable display solutions notably drives the market growth. The surging demand for screenless displays is significantly fueled by several key factors, with one of the foremost drivers being the growing appetite for wearable technology. The proliferation of smartwatches, fitness trackers, and augmented reality (AR) glasses has led consumers to seek bezel-less displays, enabling easy access to information and seamless device interaction. Beyond wearables, there's a robust demand for bezel-less displays driven by the desire for immersive entertainment experiences. Borderless display technology is enhancing virtual reality (VR) headsets, providing users with more immersive and interactive gaming experiences. Furthermore, various industries, including healthcare and automotive, are increasingly adopting screenless display solutions to enhance viewability and boost productivity. These multifaceted drivers collectively contribute to an increasing demand for screenless displays, thereby propelling the growth of the screenless display market during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
Market Challenge
The high cost of screenless display devices is a challenge that affects the growth of the market. The automotive industry is an example of the high cost of screenless display devices. Companies are exploring the use of augmented reality (AR) displays (HUDs) to enhance the driving experience. The cost of manufacturing and integrating these advanced display systems into cars has limited their availability in high-end luxury cars, leaving the majority of consumers unable to enjoy the benefits of this technology. Furthermore, healthcare is another industry where screenless displays have the potential to revolutionize patient care and medical education. However, the high costs associated with these devices have limited their adoption in healthcare settings as hospitals and medical facilities often face budgetary constraints. Hence, these factors are expected to limit the adoption of screenless displays, which will impede the growth of the global screenless displays market during the forecast period.
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The screenless display market is segmented by technology (Visual image, Retinal display, and Synaptic interface), application (Automotive, Consumer electronics, Aerospace and defense, Healthcare, and Commercial), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
- The market share growth by the visual /image segment will be significant during the forecast period. The growth of the visual/image sector is prominently driven by its application in advertising and marketing, as companies increasingly leverage visual imagery to captivate and engage their audiences effectively. Beyond advertising, the utilization of visual/image technology has expanded into various domains, including entertainment and gaming. Another significant catalyst for the visual/image segment is the surging demand for augmented reality (AR) and virtual reality (VR) applications, where visual/image representation plays a pivotal role in crafting immersive AR and VR experiences. Whether it's creating virtual shopping experiences or interactive training simulations, visual imaging technology is a fundamental component shaping the future of AR and VR. Consequently, these factors are poised to stimulate the adoption of visual imaging technology and propel the growth of the visual imaging segment in the market during out the forecast period.
- North America is estimated to contribute 41% to the growth of the global market during the forecast period.
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Key Companies in the screenless display market:
Avegant Corp., BAE Systems Plc, Eon Reality Inc., Holoxica Ltd., Leia Display System, RealView Imaging Ltd., SeeReal Technologies SA, and Sony Group Corp.
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Screenless Display Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 29.7% |
Market growth 2023-2027 |
USD 5.44 billion |
Market structure |
Concentrated |
YoY growth 2022-2023 (%) |
29.3 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 41% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Avegant Corp., BAE Systems Plc, Eon Reality Inc., Holoxica Ltd., Leia Display System, RealView Imaging Ltd., SeeReal Technologies SA, and Sony Group Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Technology
Market Segmentation by Application
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
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SOURCE Technavio
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