report-bg

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 2023-2035

Buy Now
Report ID: 4205 | Published On: Mar 16, 2023
Request Free Sample Copy

Global Phosphor Screen Market Size, Forecast, and Trend Highlights Over 2023 - 2035

The global phosphor screen market is estimated to garner a revenue of USD 328 Billion by the end of 2035 by growing at a CAGR of ~3% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 230 Billion in the year 2022. The growth of the market can be attributed to the 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, The global television market fell to around 520 million units in 2022, however the volume will rise again and surpass around 630 million units by 2027.

Phosphor screens find use in multiple applications such as televisions, oscilloscopes, X-ray machines, radiology devices, 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 Thousand in the year 2017 to USD 1072154 Thousand in the year 2021.


Get more information on this report: Request Sample PDF

Global Phosphor Screen Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~3%

Base Year Market Size (2022)

~ USD 230 Billion

Forecast Year Market Size (2035)

~ USD 328 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Global Phosphor Screen Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Electronics Industry with Increasing Digitalization and Technology Adoption - 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. X-Ray Equipment was the world's 157th most popular trading product in 2020, with an overall trade value of $23.2 billion.

  • Rise in the Number of Medical Conditions Among People – 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 in the United States were known to have at least 1 chronic condition in the year 2018.

  • Advancements in Entertainment Industry with Increasing Technology Adoption – 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 are 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

Light sensitivity or photophobia is a discomfort of the eyes with bright light. People with light sensitivity may suffer from migraine and other medical conditions. It is very difficult to avoid light and people with light sensitivity will have dry eyes, eye strain, eye injuries, and infections. The occurrence of light sensitivity is common when working with phosphor screens hence skilled professionals are needed which hampers the market growth as per the estimations.


Market Segmentation

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. The rising disposable income and spending capacity of people owing to the growing economic standards of countries across the world are expected to propel the growth of this segment.

The global phosphor screen market is also segmented and analyzed for demand and supply by application into telecommunication, healthcare electronics, consumer electronics, research & academia, scientific equipment manufacturing, and others. Amongst these segments, the healthcare electronics segment is expected to garner a significant share. The increasing healthcare issues and rising demand for electronic devices in the medical sector are estimated to boost the market growth. The number of people suffering from an illness that is chronic and need early diagnosis imaging equipment with advanced technology to prevent complications is expected to drive market growth. The growing geriatric population across the world with a suppressed immune system is also anticipated to have a positive impact on market growth. The increasing healthcare expenditure and rising number of hospitals across the world post-pandemic is one of the reasons for the hike in the growth of the market. The healthcare expenditure of the United States was one of the highest across the world and was estimated to be over USD 3.8 trillion as of 2020 estimations.

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

Global Phosphor Screen Market Regional Synopsis

The Asia Pacific phosphor screen market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the growing medical diagnostics as well as electronic manufacturing software companies 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. The rising number of healthcare, telecommunication, research and development institutions, and consumer electronics is estimated to drive market growth. The increasing privatization and presence of prominent key players in the region are estimated to drive market growth in the forecast period. The growing communication sector in the region is also anticipated to drive market growth in the coming years.

Further, the North American region is anticipated to drive market growth owing to the increasing research and expansion in the manufacturing of scientific instrument sector. Increasing use in the medical field and rising awareness among people regarding phosphor screen scanner applications in the healthcare sector are estimated to have a positive impact on market growth in this region.

Get more information on this report: Request Sample PDF

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.

In The News

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

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


Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the phosphor screen market?

Ans: The growing electronics industry, increased use in the healthcare industry as well as a rise in the number of medical conditions are some of the factors driving the growth of the market.

2) What would be the CAGR of phosphor screen market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~3% over the forecast period, i.e., 2023 – 2035.

3) What are the challenges affecting the phosphor screen market growth?

Ans: Fluctuation in prices of phosphor screens and a lack of framework for large-scale manufacture of phosphor screens in some developing nations are some of the challenges affecting the market growth.

4) Which region will provide more business opportunities for growth of phosphor screen market in future?

Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

5) Who are the major players dominating the phosphor screen market?

Ans: The major players in the market are General Electric Company, GIDS gmbh, Kimball Physics, Phosphor Technology Ltd, Dr. Gassler Electron Devices, Hamamatsu Photonics, K. K., Scintacor, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the phosphor screen market?

Ans: The market is segmented by product type, application, and by region.

8) Which segment captures the largest market size in application segment in the phosphor screen market?

Ans: The consumer electronics segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

Request Research Report Sample