The global industry for phosphor screens is set to witness robust growth in the coming decade, with a projected value of US$ 359.5 million by 2033. This surge is primarily attributed to burgeoning demand from key industries such as healthcare, telecommunication, consumer electronics, and research and development institutes.
According to the latest report from Future Market Insights, the market was valued at US$ 250.0 million in 2023 and is anticipated to register a steady Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period spanning from 2023 to 2033.
Phosphor, a substance emitting light when stimulated by radiation, forms the core of these screens. Often combined with a matrix like ZnS and an activator, the type of activator used significantly influences the quality of luminescence. Originally utilized in its natural form, phosphors such as scheelite have been synthesized for various applications, including lighting and television.
Phosphor screens, commonly associated with Cathode Ray Tube (CRT) technology, were extensively used in monitors and televisions. Despite their replacement by LCD and OLED displays, they continue to find applications in military, medical, and industrial equipment, contributing to market growth.
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Healthcare and medical sectors have witnessed a surge in phosphor screen adoption, particularly in scanners for dental, veterinary, and autoradiography applications. The market grew at a commendable CAGR of 3.5% during the historic period of 2018 to 2022, driven by advancements in scanner technology.
The market is poised for further expansion, propelled by increasing demand from telecommunication, medical diagnostics, and scientific instrument manufacturing. Technological advancements, coupled with the versatility of phosphor screens, are driving their adoption across various sectors.
In scientific instrument manufacturing, phosphor screens are integral components, offering enhanced sensitivity and accuracy. Recent developments include the utilization of phosphor screens with single-walled carbon nanotubes (SWCNTs) in planar light source devices, showcasing the innovation driving the market forward.
The transition from Multipurpose (MP) screens to multi-sensitive (MS) screens, designed to withstand moisture and cater to diverse applications, is indicative of the market’s evolution. As research in phosphor screens continues to expand, the demand for advanced instruments is expected to surge, further driving market growth.
With the growing emphasis on diagnostic accuracy and technological innovation, the global phosphor screen market is poised for significant expansion. As key players continue to invest in research and development, the market is set to witness transformative growth in the coming years.
Key Companies Profiled
- General Electric Company
- 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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Key Segments Profiled in the Report
By Decay Time:
- Short Decay Time
- Long Decay Time
By Application:
- Consumer Electronics
- Health Care Electronics
- Telecommunication
- Scientific Equipment Manufacturing
- Research, and Academia
- Others
By Region:
- North America
- Latin America
- East Asia
- South Asia and the Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia and Belarus
- Balkan and Baltic Countries
- The Middle East and Africa
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