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.
In depth research report on Screenless Display
Market
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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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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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