In a recent published report, Kenneth Research has updated the market report for Monochrome Display Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Monochrome Display Market products.
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As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.
Market Snapshot
The Global Monochrome Display Market is expected to grow to USD 95.2 million by 2016, at a CAGR of ~13% during the forecast period of 2017 to 2023. Monochrome displays are gaining massive momentum in the electronics market. The high-resolution capability and low cost of the display are some of the significant forces fueling its market growth. These displays provide single color pictures though it varies with a shade of some models. The monochrome display is a popular technology in gaming where it is used to display vector graphic image with high resolution. The high-resolution capability and fast processing of display images are some of the significant force fuelling its market growth.
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Based on phosphor content in the displays, the monochrome display is broadly categorized as three screen types, namely green, white, and amber. If P1 phosphor is used, the screen will reflect the green color on display, if P3 phosphor is used, the screen will reflect amber display, or if P4 phosphor is used, the white color will be displayed on the monochrome screen. Green monochrome screens as compared to old monitors show the longest afterglow visualization. It remains on screen for long duration than any other color. Furthermore, green monochrome displays are lighter in weight and carry the low cost of manufacturing; thereby, it is expected to show high growth in the coming years.
Monochrome CRT displays are the most commonly used technology, especially in the medical industry. Due to its high-reliability performance at a low price, it has been highly adopted by medical, manufacturing, and gaming industry. With growing technical advancement in the electronics sector, there is a tremendous shift of CRT monitors to LCD monitors. LCD monochrome delivers more clarity, saves energy, has a high megapixel pictorial view, and provide high-quality images. This is expected to increase its market presence in the coming future and would offer high competition to CRT monochrome screen market. Whereas LED monochrome display, though would increase workspace optimization, is on the introduction stage of the market and has to beat the already acquired market of CRT and LCD monochrome displays thereby predicted to grow with steady growth during the forecast period of 2017 to 2023.Global Monochrome Display Market, By Region, 2017 Vs. 2023 (USD Million)
The monochrome display can be used for indoor and outdoor applications such as displaying monitored physical quantity (temperature, pressure, and vibration), displaying bold and large text, and for surveillance and traffic control. The monochrome display is used in various verticals, including consumer electronics, automotive, and manufacturing. Monochrome displays are extensively used in the medical sector for a wide area of applications including diagnostic display, surgical display, radiology display, clinical review displays. It has been adopted by hospitals, clinics, diagnostic centers, pathology labs, and others. In the consumer electronics industry, monochrome displays are used in television, graphics-based monitors, watches, smartphones, and wearable. Monochrome displays such as LCD and LEDs are used for wide automotive applications such as car navigation, instrument panel, and in rear seat monitors.
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Synopsis
The monochrome display market has been segmented based on screen type, display type, end-user, and region.Based on the screen type, the monochrome display market has been segregated into green, white, and amber screen. The green screen segment accounted for the largest market share in 2017 and is also expected to register the highest CAGR during the forecast period.Display type segmentation of the monochrome display market comprises CRT, LCD, and LED display. The CRT segment accounted for the largest market share in 2017, while the LCD segment is expected to register the highest CAGR during the forecast period.Based on the end-user, the monochrome display market has been divided into consumer electronics, automotive, gaming, medical, and manufacturing. The medical segment accounted for the largest market share in 2017 and is also expected to register the highest CAGR during the forecast period.
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Regional Analysis
Monochrome display market, by region, has been segmented into Asia-Pacific, North America, Europe, and rest of the world. North America accounted for the largest market share of in 2017. Some of the factors that are responsible for the market growth include high adoption of advanced technology, a large market of display controllers, and high adoption of LCD and graphic monitor in various sectors. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to factors such as an increase in healthcare expenditure, various healthcare initiatives by government, and the presence of leading monochrome display manufacturers in China.
Companies Covered
The key players of global Monochrome Display market are Eizo Corporation (Japan), Richardson Electronics Ltd. (US), Blaze display technology Co. Ltd. (China), Microtips Technology LLC (US), Tianma Microelectronics Co. Ltd. (China), Ampronix Inc. (US), JVC Kenwood Corporation (Japan), and Shelly Inc (US).
Market Segmentation
By Screen Type — Green screen, white screen, and amber screen
By Display Type — CRT Display, LCD Display, and LED Display
By End-User — Consumer electronics, automotive, gaming, medical, and manufacturing
Key questions addressed by the report
What was the historic market size (2016)?
Which segmentation (application/product) is driving market growth?
What will be the growth rate by 2023?
Who are the key players in this market?
What are the strategies adopted by key players?
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