Phosphor Screen Market Trends

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.