San Francisco,
17 December 2018 - The
global screenless display market size is expected to
reach USD 5.59 billion by 2020, according to a new report by Grand View
Research, Inc. These devices came into progress during the year 2013 with the
arrival of products such as virtual reality headsets, holographic videos,
mobile phones for the elderly, retinal displays, bionic contact lenses, etc.
Proliferation
of external monitors, reading devices and mobile phones with large screens
serve as key enablers for the industry. As screenless display cost associated
with procurement and deployment of the technology reduces, its application will
witness exponential growth across industry verticals. Companies are investing
in research and development to innovate products such as screenless computers,
tablets, televisions and mobile phones.
Screenless
displays offer an interactive projection technology developed to solve the
issues related to device miniaturization of modern communication technologies.
The lack of space in screen-based devices provides an opportunity for
screenless display industry growth and development. High system cost may act as
a growth restraint.
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Further key
findings from the study suggest:
- Visual image screenless display market is expected to dominate
revenue over the forecast period, which can primarily be attributed to
high demand for hologram technology. The limitation of conventional 3D
displays is that the observer has no freedom of head movement or the
freedom to increase information about the 3D objects being projected. Such
limitations are overcome by holographic technology, which allow freedom of
movement to the user.
- Consumer electronics accounted for over 40% of the overall revenue
in 2014, and is expected to remain the largest application segment over
the next few years. Virtual reality and augmented reality are upcoming
fields wherein the technology finds considerable application.
- North America screenless display market is expected to remain the
industry leader, primarily due to presence of key participants.
Manufacturers are constantly developing and enhancing the technology to
make it more sophisticated and to integrate it with consumer-grade
devices. Google and Vuzix have aimed to increase adoption of smart
wearable technology among consumers. Holographic video development is
being carried out in MIT’s Media Lab.
- Notable players involved in R&D include Avegant, Google, Kapsys,
Displair, etc. Optical technology helps project images and data from
computers or video players into the viewer's visual field. For instance,
MicroVision’s HMDs allow Army tank commanders to view the surrounding area
from topside while simultaneously viewing a translucent map that floats a
couple of feet away. This industry is characterized by M&A activities
and strategic alliances to boost technology development.
Grand View Research has segmented the global screenless
display market on the basis of technology, application, and region:
Technology Outlook (Revenue, USD Million, 2013 - 2020)
- Visual Image
- Retinal Display
- Synaptic Interface
Application Outlook (Revenue, USD Million, 2013 - 2020)
- Augmented Reality
- Virtual Reality
- Consumer Electronics
- Others
Regional Outlook (Revenue, USD Million, 2013 - 2020)
- North America
- Europe
- Asia Pacific
- RoW
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About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
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