Global Monochrome Display Market Highlights over 2022-2031

The global monochrome display market is anticipated to reach a value of nearly USD 19 Billion in 2031 by growing at ~12% CAGR throughout the forecast period. Monochrome displays are economical and are depicted to meet certain stipulation. The factors contributing to the growth of this market are rising demand for cost-efficient and energy-coherent display technology. These displays are being highly utilized in electronic devices such as computers, smart watches and digital cameras. For instance, in the year 2021, digital cameras created a revenue of over USD 4 Billion in the Asia Pacific region.

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The high-resolution capability, fast processing, and cost-competitiveness of these displays act as significant drivers for the growth of the market. In addition to that, the meshing of LCD and LED technologies in monochrome displays corroborates the development of the market. Further, the expanding manufacturing of electronics is expected to be a relevant factor in the market growth. The global electronics market generated a revenue of nearly USD 5 Trillion in the year 2019.

However, the immensely elevated intensity of these displays and the dull-black display can be considered to be a factor to negatively affect the market growth.

The market is segmented by display type into CRT display, LED display, and LCD display. Out of these, the LED segment is estimated to hold the largest share, followed by the LCD display segment, on the back of their high demand for applications in gadgets such as digital watches, computers, digital cameras, etc. These displays are small in size and energy-efficient. They are further being used in car dashboards, which is also a factor driving the growth of the segment.

Global Monochrome Display Market Regional Synopsis

Regionally, the global monochrome display market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. North America region is expected to hold the largest share in the market on the back of increasing augmentation of modern technologies in several industries across the region. The existence of diverse key players further propel the market growth in the region.

Followed by North America, the market is Europe is anticipated to attain a significant share owing to proliferation of industries, such as medical, consumer electronics, gaming, and automotive in the region.

The market in Asia-Pacific is expected to surface as a swiftly growing market on the back of factors, such as rising sales of smartphones and advancement in medical industry.

Market Segmentation

Our in-depth analysis of the global monochrome display market includes the following segments:

By Display Type

• CRT display

• LCD display

• LED display

By Screen Type

• Green Screen

• White Screen

• Amber Screen

By Industry

• Consumer Electronics

• Medical

• Gaming

• Automotive

• Manufacturing

• Others

Growth Drivers and Challenges Impacting the Growth of the Global Monochrome Display Market

Growth Drivers

• High demand for cost-efficient and energy-efficient displays

• Increasing production of electronics

Challenges

• High intensity and dull black screen in the displays

Key Companies Dominating the Global Monochrome Display Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global monochrome display market that are included in our report are KYOCERA Corporation, BOE Technology Group Co., Ltd., AZ Displays, Inc. (Zettler Group), Ampronix, EIZO Corporation, Japan Display Inc., Richardson Electronics, Ltd., Blaze Display Technology Co., Ltd., Microtips Technology USA, and others.

Latest Developments in the Global Monochrome Display Market:

• June 2020 — GoPro, Inc, 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 2020 — Toshiba Electronic Devices & Storage Corporation launched two lens reduction type 1,500-pixel monochrome CCD linear image which support two key industry requirements- faster operation of equipment that incorporates sensors, including inspection equipment with monochrome sensors and lower power consumption.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• 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 Analys  & 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

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