According to a new report, published by KBV research, The Global Screenless Display Market size is expected to reach $9.5 billion by 2029, rising at a market growth of 23.4% CAGR during the forecast period.
The Automotive segment is showcasing a CAGR of 24% during (2023 - 2029). Adopting the unique approach is anticipated to increase competitiveness amongst other industry participants because product design is crucial to the development of the automotive sector. It is anticipated to help the product design team create innovative, simple goods to manufacture, increasing profitability. Displays without a physical screen are required since they can function independently. The energy consumption and hardware requirements of screenless displays will be reduced, and they will be simple to use, small, and low maintenance.
The Visual Image segment acquired maximum revenue share in the Global Screenless Display Market by Type in 2022 thereby, achieving a market value of $5.9 billion by 2029. Visual image screen displays are anticipated to significantly increase in popularity during the projected period with the development of holographic displays as an effective replacement for screens and touch screens. Additionally, VR technology has become widely known and used over the past few years. New businesses have emerged due to recent technological developments in this industry.
The Head-up Display segment has shown the growth rate of 23.7% during (2023 - 2029). Without forcing users to look away from their present center of interest, such as driving or playing video games, a head-up display shows the information on the windshield or transparent window in front of the driver. In addition, through the application of tiny micro display devices inserted into specialized optical systems known as combiners, which reflect light through the screen using mirrors, the technology allows drivers to view data like GPS navigation or speedometer results directly on the windscreen.
The North America market dominated the Global Screenless Display Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $3.3 billion by 2029. The Europe market is exhibiting a CAGR of 22.9% during (2023 - 2029). Additionally, The Asia Pacific market would showcase a CAGR of 24.5% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/screenless-display-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Microsoft Corporation, Google LLC, BAE Systems PLC, Avegant Corporation, RealView Imaging Ltd., Holoxica Limited, SeeReal Technologies S.A., MicroVision, Inc., Synaptics Incorporated and Leia, Inc.
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