Global Monochrome Display Market - Overview
According to Market Research Future (MRFR), the
global Monochrome Display Market is poised to reach USD
218.3 MN by 2023. In its monochrome display research report, MRFR also asserts
that the market would register around 13% CAGR throughout the assessment period
(2017 – 2023). The high-resolution
capability, fast processing, and cost-competitiveness of these displays act as
significant tailwinds for the growth of the market.
Major Players:
Players leading the global monochrome display market
include Richardson Electronics Ltd. (US), Eizo Corporation (Japan), Blaze
display technology Co. Ltd. (China), Tianma Microelectronics Co. Ltd. (China),
Microtips Technology LLC (US), Ampronix Inc. (US), Shelly Inc (US), and JVC Kenwood
Corporation (Japan), among others.
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Monochrome CRT displays are commonly used in the
medical industry due to their high-reliability performance at low energy
consumption. However, with rising technological advances, there is a sharp
shift towards LCD monitors. Also, the
market proliferation of smartphones, laptops, tablets, and wearables positively
impacts market growth. Besides, increasing the production of consumer
electronics contributes to the growth of the market.
Additionally, the integration of LCD and LED
technologies in monochrome displays substantiate the growth of the market.
Conversely, the dull black display is a key factor estimated to impede the
growth of the market. Nevertheless, future technological advances would support
market growth throughout the assessment period, improving the display
technology.
Global Monochrome Display Market - Segmentations
The report is segmented into four dynamics;
By Screen Type :
Green, white, and amber screen.
By Display Type :
CRT, LCD, and LED Display.
By End-User :
Consumer Electronics, Gaming, Automotive, Medical, Manufacturing, and others.
By Regions
: Asia Pacific, Americas, Europe, and the Rest-of-the-World.
Monochrome Display Market - Geographical Analysis
North America dominates the global monochrome
display market. The largest market share attributes to the high adoption of
advanced technologies and LCD and graphic monitors in various sectors. Besides,
the presence of several notable players and display controllers market
substantiate the growth of the monochrome display industry in North America.
Moreover, increasing investments transpired into the
development of technology, and products influence the monochrome display market
growth. Additionally, the ability to
develop cutting-edge display technologies and the growing uptake of these
displays in the healthcare sector drives regional market growth. The North
American monochrome display market is projected to retain its dominance
throughout the estimated period.
Europe stands second in the global monochrome
display market. The market is driven by the augmenting demand for monochrome
displays from the burgeoning industries such as consumer electronics, gaming,
healthcare, and automotive. Moreover, the penetration of smart connected
devices, alongside the resurging economy in the region boosts the growth of the
market. The European monochrome display market is expected to create a
substantial revenue pocket during the assessment period.
The Asia Pacific monochrome display market is
emerging as a rapidly growing market globally. Factors such as the rising sales
of smartphones and the rapid economic growth drive the growth of the market.
Moreover, the government's increase in healthcare expenditure, various
healthcare initiatives, and the presence of leading monochrome display
manufacturers in the region foster market growth.
Additionally, the rapid urbanization and expanding
the manufacturing sector in the region propel the growth of the market.
Furthermore, the extensive uptake of monochrome displays in the healthcare and automotive
industries in the region pushes the market growth.
Industry/ Innovation/ Related News
June 20, 2020 --- GoPro, Inc. (the US), the world's
leading technology company and the most versatile action camera brand announced
the launching date of GoPro Hero 9. The GoPro model features a much larger
front display with a basic monochrome display that saves battery life in
shooting mode.
June 11, 2020 --- Toshiba Electronic Devices &
Storage Corporation (Japan) launched two lens reduction type 1,500-pixel
monochrome CCD linear image sensors for industrial equipment - TCD1105GFG with
a built-in electronic shutter function, and TCD1106GFG. These new sensors
support two key industry requirements - faster operation of equipment that
incorporates sensors, including inspection equipment with monochrome CCD linear
image sensors and lower power consumption.
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