Press release
Screenless Display Market to Receive an Overwhelming Hike in Revenue That Will Boost Overall Industry Growth by 2032
The global screenless display market is expected to grow from USD 2.3 billion in 2021 to USD 16.05 billion by 2030, at a CAGR of 24.1% during the forecast period 2022-2030. The increase in the adoption of smart infrastructure solutions worldwide is a major driving factor in the screenless display market. Furthermore, low power & space requirement coupled with enhanced privacy & security has driven the growth of the screenless display market during the forecast period.The visual image segment dominated the market with market revenue of 0.96 billion in 2021
The product type segment is divided into retinal display, visual image, and synaptic interface. In 2021, the visual image segment dominated the market with a market revenue of 0.96 billion. Visual image screenless displays have features that help recognize any image or thing with the help of the naked human eye, driving the segment's growth.
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The holographic projection segment is expected to grow at the fastest CAGR of 28.8% over the forecast period.
The application segment is divided into head-mounted displays, holographic projection, head-up displays, and others. Over the forecast period, the holographic projection segment is expected to grow at the fastest CAGR of 28.8%. The holographic projections provide high-quality display units which propel the segment's growth.
The healthcare segment accounted for the largest share of the market, with 33%.
The end-user segment is divided into automotive, consumer electronics, aerospace & defense, healthcare, and commercial. In 2021, the healthcare segment dominated the market, accounting for around 33% of global revenue. The increasing use of the screenless displays market by physicians to view the infected areas of the patients during surgeries drives the market growth in the healthcare industry.
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Regional Segmentation Analysis:
The screenless display market is analyzed based on five regions: North America, Europe, Asia Pacific, South America, Middle East, and Africa. North America is expected to be the largest market during the forecast period. The screenless display market in the North American region has been growing owing to the increasing investment in research and development activities. The technological advancement in the screen-less display has been expanding rapidly due to the growing technological innovation, which adds impetus to the market's growth.
Competitive Analysis:
The major players in the screenless display market include Zebra Imaging Inc., Avegant Corporation, Microsoft Corporation, BAE Systems, MicroVision Inc., RealView Imaging Ltd., Seeral technologies S.A., Synaptic incorporated, Holoxica Ltd., and Google Inc., among others.
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