Market Trends of Screenless Display Industry
This section covers the major market trends shaping the Screenless Display Market according to our research experts:
Visual Image Expected to Hold a Significant Share
- With the emergence of holographic displays as an efficient alternative for screens and touch screens, visual image screen displays are expected to gain wide popularity over the forecast period. In January 2019, researchers from Duke University developed a new approach to multicolor holography that could be used to make 3D color displays for augmented reality glasses, smartphones, or heads-up displays without any bulky optical components. The waveguide structures created using the new approach could offer easy integration and a form factor small enough for augmented reality and other displays.
- Further, in April 2019, a Korean research team developed its latest ultra-thin display, which could turn smartphones into mobile 3D hologram projectors. The system’s key component is a thin film of titanium filled with tiny holes that precisely correspond with each pixel in an LCD panel. Acting like a ‘photon sieve,’ each pinhole diffracts light emerging from them widely, resulting in a high definition 3D image observable from a wide-angle.
- Also, recently, a team of scientists from RMIT University and the Beijing Institute of Technology have designed the ‘world’s thinnest’ hologram. Furthermore, this hologram is capable of being integrated into everyday products like smartphones.
- Further, VR technology has gained widespread recognition and adoption over the past few years. Recent technological advancements in this field have revealed new enterprises. Numerous players are emerging in this market, hoping to navigate it toward mainstream adoption in the gaming market space. According to NewGenApps, by 2025, the worldwide user base of AR and VR games is expected to grow to 216 million users.
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North America to Account for a Major Share
- Globally, North America has the largest concentration of technology firms. The United States is home to several significant technology corporations that hold a considerable share in this market. Major technology giants, such as Google and Microsoft, which occupy a substantial market share in the global market, are based in the United States.
- Additionally, the MIT research wing has been working on many other systems to realize screenless display. Numerous other institutions in this country are also working on screenless display technologies. The University of Washington has brought out retinal projection systems, which could help the visually impaired.
- Furthermore, government regulations in the developed regions of North America are increasingly favoring automotive innovations and technologies that support vehicle and road safety. Recently, the U.S. Department of Transportation (USDOT) announced their latest federal guidance for automated vehicles entitled, “Preparing for the future of transportation: Automated Vehicles 3.0.” (AV 3.0). AV 3.0, reinforced the USDOT commitment for supporting the safe integration of automation into the large transportation system.
- The consumers in this region are always looking to upgrade and adapt to new technologies and devices. Incidentally, many companies choose to launch their products and perform trail deployment in this region.
- Also, the increasing disposable income in the U.S. results in users spending heavily on new gadgets to meet the expected lifestyle requirements. With all these factors influencing the market, the industry is expected to witness a high growth rate in this region.
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