Phosphor Screen Market size was over USD 245.67 billion in 2024 and is projected to reach USD 379.42 billion by 2037, growing at around 3.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of phosphor screen is assessed at USD 259.22 billion.
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.
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
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
3.4% |
|
Base Year Market Size (2024) |
USD 245.67 billion |
|
Forecast Year Market Size (2037) |
USD 379.42 billion |
|
Regional Synopsis |
|
Application (Telecommunication, Healthcare Electronics, Consumer Electronics, Research & Academia, Scientific Equipment Manufacturing)
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 market includes the following segments:
|
By Product Type |
|
|
By Application |
|
APAC Market Statistics
Asia Pacific industry is likely to account for largest revenue share by 2037. 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.
North American Market Forecast
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.
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.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?