As per the analysis offered by Market Research Future (MRFR), the global monochrome display market is expected to expand at a CAGR of 12.97% during the forecast period 2017 to 2023. The report suggests that the market is likely to scale a valuation of USD 218.29 million by 2023 up from USD 95.2 Mn in 2016. Technological evolution is the key focus of the key players which has led to the shift from CRT technology to LCD and LED. This, in turn, is anticipated to dictate the acceleration of revenue generation in the forthcoming years.
Monochrome displays have penetrated its way across various industry verticals such as consumer electronics, healthcare, automotive, etc. Medical applications are a major source of revenue generation for the market players. In addition, the growth of the end-user industries is poised to reflect on the future trajectory of the monochrome display market positively over the next couple of years.
An upsurge in demand for optimized energy display is expected which is projected to drive the expansion of the global market through the review period. On the flip side, growing market presence of for full-color display technology is forecasted to hinder market growth in the upcoming years.
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On the basis of screen type, the global monochrome display market has been segmented into green screen, white screen, and amber screen. Among these, the green screen segment has been anticipated to thrive at a CAGR of 12.97% over the assessment period. It is poised to maintain its dominant position in the years to come.
On the basis of display type, the monochrome display market has been segmented into CRT, LCD and LED. Among these, the CRT segment dominated the market in 2016 and is highly likely to retain its leading position through the projection period. The report indicates that the segment is poised to propel at 15% CAGR across the forecast period. However, the LED segment is likely to gain momentum in the upcoming years owing to technological upgradations and advancements.
on the basis of end-use, the global monochrome display market has been segmented into consumer electronics, automotive, gaming, medical and manufacturing. Among these, the medical segment held the maximum share of the market in 2016 and was valued at 32 Bn. It is projected to expand substantially over the next few years at a CAGR of 15%. Furthermore, the gaming and automotive segments are anticipated to strike 14% CAGR and 13% CAGR over the assessment period.
Some of the prominent leaders operating in the global monochrome display market are Richardson Electronics (U.S.), Eizo Corporation (Japan), Blaze Display Technologies Co. Ltd (China), Tianma Microelectronics Co Ltd, (China), Microtips Technology LLC, (U.S), Ampronix Incorporation (U.S.), and JVC Kenwood Corporation (Japan).
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The regional study of the monochrome display market spans across North America, Europe, Asia Pacific, and Middle East & Africa. North America had the most significant share of the market in 2016 and is poised to retain the forefront position in the global marketplace over the assessment period. The regional monochrome display market is anticipated to expand at a CAGR of 12.07% over the forecast period. The U.S. and Canada are likely to merge as the key country-level markets in the region.
Asia Pacific is expected to thrive at a relatively higher CAGR of 15.35%across the assessment period. The primary factor responsible for the expansion of the monochrome display market is the exponential growth of the healthcare centers in the region. In addition, the increasing number of media houses in fast-developing economies such as India, China, and the Republic of Korea are likely to influence market growth positively.
LIST OF TABLES
TABLE 1 GLOBAL MONOCHROME DISPLAY MARKET BY SCREEN TYPE , 2017-2023 (USD MILLION) 16
TABLE 2 GLOBAL MONOCHROME DISPLAY MARKET, BY GREEN SCREEN TYPE, 2017-2023 (USD MILLION) 17
TABLE 3 GLOBAL MONOCHROME DISPLAY MARKET, BY WHITE SCREEN TYPE, 2017-2023 (USD MILLION) 18
TABLE 4 GLOBAL MONOCHROME DISPLAY MARKET, BY AMBER SCREEN TYPE, 2017-2023 (USD MILLION) 19
TABLE 5 GLOBAL MONOCHROME DISPLAY MARKET, BY DISPLAY TYPE, 2017-2023 (USD MILLION) 21
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LIST OF FIGURES
FIGURE 1 GLOBAL MONOCHROME DISPLAY MARKET: DRIVERS & RESTRAINTS 10
FIGURE 2 GLOBAL MONOCHROME DISPLAY MARKET: SUPPLY CHAIN 13
FIGURE 3 GLOBAL MONOCHROME DISPLAY MARKET: PORTER’S FIVE FORCES ANALYSIS 14
FIGURE 4 GLOBAL MONOCHROME DISPLAY MARKET BY SCREEN TYPE, 2017-2023 (USD MILLION) 15
FIGURE 5 GLOBAL MONOCHROME DISPLAY MARKET, BY DISPLAY TYPE, 2017-2023 (USD MILLION) 20
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