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Phosphor Screen Market Analysis by Product Type (Short Decay, and Long Decay); and by Application (Telecommunication, Healthcare Electronics, Consumer Electronics, Research & Academia, Scientific Equipment Manufacturing, and Others)– Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • August 4, 2020: General Electric Company introduced Inkjet-Printed Red Phosphor (PFS-KSF) which is anticipated to be employed in the next generation display applications.

  • March 14, 2022: Hamamatsu Photonics has innovated a terahertz image intensifier that can be utilized to detect foreign substances in food and also for body scanning.

Global Phosphor Screen Market Highlights Over 2022 - 2031

Phosphor Screen Market CAGR & Forecast

The global phosphor screen market is estimated to garner significant revenue by the end of 2031 by growing at a CAGR of ~3% over the forecast period, i.e., 2022 – 2031.

Further, the market generated a substantial amount in the year 2021. This growth in the global market is on the back of rising demand for phosphor screens in various industries such as electronics and healthcare. The increasing requirement and manufacture of electronic devices and other consumer electronics that display images with the help of phosphor screens are expected to expand the market size in the coming years. For instance, during the COVID-19 pandemic, the sales of computer and television sets crossed USD 20 Billion in the year 2021, up from about USD 160 Billion in the previous year.

Phosphor Screen Market Overview

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Phosphor screens find use in multiple applications such as televisions, oscilloscopes, X-ray machines, and body scanners. Additionally, the growing demand for these products, along with the upsurge in the use of intraoral phosphor screen scanners in veterinary healthcare is predicted to propel the global phosphor screen market. According to the statistics by the International Trade Center (ITC), the value of imports of oscilloscopes globally increased from USD 818399 Thousands in the year 2017 to USD 1072154 Thousands in the year 2021.

Global Phosphor Screen Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Electronics Industry - Phosphor screens are used to store and display images as well as to strengthen them in image intensifiers and other electronic devices. The booming electronics industry is forecasted to drive the global phosphor screen market growth. By 2027, the sales volume of consumer electronic products is projected to cross 9000 million pieces.

  • Increasing Use of the Product in the Healthcare Industry – Phosphor screens are used in medical equipment such as the X-ray apparatus as they reduce the quantity of radiation that enters the body part that is being scanned. In the year 2020, X-ray equipment registered to be the 157th most traded product globally, registering a trade value of over USD 23 Billion.

  • Rise in Number of Medical Conditions – The increasing number of disorders and incidences of accidents around the world is predicted to increase the market size for phosphor screens used in medical diagnostic tools. According to the statistics by the Centers for Disease Control and Prevention (CDC), 51.8% adults of the United States were known to have at least 1 chronic condition in the year 2018.

  • Advancements in Entertainment Industry – Apart from televisions, phosphor screens are being used in laser phosphor display screens (LPD). The burgeoning entertainment industry calls for novel commercial display technologies, which is forecasted to drive the phosphor screen market. According to the statistics by the International Trade Administration (ITA), the Media and Entertainment (M&E) industry in the United States registered to be the largest in the world with a revenue of USD 660 Billion in December 2020.

  • Increasing Use of These Screens at Airports for Security Purposes – The surge in the number of airports being constructed as well as rising safety concerns are projected to propel the global phosphor screen market growth. The number of public and private airports in the United States reached close to 5000 and 15000 numbers respectively in the year 2020.

Challenges

  • Fluctuation in Prices of Phosphor Screens
  • Lack of Framework to Manufacture on a Large Scale in Some Developing Nations
  • Need for Well-trained Personnel to Handle Due to its Light-Sensitivity

The global phosphor screen market is segmented and analyzed for demand and supply by application into telecommunication, healthcare electronics, consumer electronics, research & academia, scientific equipment manufacturing, and others. Of these sub-segments, the consumer electronics division is expected to exhibit rapid growth owing to the increasing demand for home electronics for private and daily use for a growing global population. Besides this, the telecommunication segment is projected to grow with a robust CAGR during the forecast period, backed by the rising spending on telecommunication services from different IT companies, which cumulatively reached about USD 1.3 Trillion in the year 2019.

Major Macro-Economic Indicators Impacting the Market Growth

Phosphor Screen Market Share

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in the future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, which accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. The easy availability of low-cost raw materials & labor, as well as government subsidies and relaxed environmental norms, have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for investment in businesses in Asia Pacific countries in the upcoming years.

Global Phosphor Screen Market Regional Synopsis

Regionally, the global phosphor screen market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2031. This forecast is attributed to the growing medical diagnostics as well as consumer electronic manufacturing industries in developing countries in the region. For instance, China in Southeast Asia registered to be the leading exporter of computer devices with a value of over USD 30 Billion in the year 2019.

Phosphor Screen Market Share & Growth

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The global phosphor screen market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global phosphor screen market includes the following segments:

By Product Type

  • Short Decay
  • Long Decay

By Application

  • Telecommunication
  • Healthcare Electronics
  • Consumer Electronics
  • Research & Academia
  • Scientific Equipment Manufacturing
  • Others
 

Top Featured Companies Dominating the Global Phosphor Screen Market

  • General Electric Company
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • GIDS GmbH
  • Kimball Physics
  • Phosphor Technology Ltd
  • Dr. Gassler Electron Devices
  • Hamamatsu Photonics, K. K.
  • Scintacor
  • Koninklijke Philips N.V.
  • Stanford Computer Optics, Inc
  • Konica Minolta, Inc.

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