The market is projected to reach US$ 359.5 Million in 2033. The growing demand from end-use industries such as healthcare, telecommunication, consumer electronics, and research and development institutes is expected to drive the growth of the market.
As per the FMI estimation, the industry is estimated to be valued at US$ 250.0 Million in 2023 and is projected to surge at a CAGR of 3.7% during the assessment period of 2023 to 2033.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 235.0 Million |
| Market Size 2023 | US$ 250.0 Million |
| Market Size 2033 | US$ 359.5 Million |
| Value CAGR (2023 to 2033) | 3.7% |
| Top 3 Countries Share (2023) | 55% - 60% |
A substance called a phosphor emits light when it is subjected to stimulating radiation. A matrix, like ZnS, is present together with an activator. The activator used has a significant impact on the luminescence's qualities. This phosphor, which is the mineral scheelite, was first utilized in its natural form before being synthesized, like several others. Ionizing radiation like X-rays or UV light can be used to trigger luminescence in a variety of phosphors.
Manufacturers have focused on the creation and provision of phosphors for use in lighting, where fluorescence predominates, and television, where excitation is caused by energetic electrons (cathode-rays).
These screens are a type of display technology used in CRT (Cathode Ray Tube) monitors and televisions. The screen is coated with a phosphor material that emits light when struck by an electron beam generated by the CRT. Different colors of light can be produced by using different types of phosphors.
The screen's phosphors are arranged in a pattern that corresponds to the image being displayed, and the electron beam is directed at specific locations on the screen to produce the desired image. This technology has largely been replaced by LCD and OLED displays in modern consumer electronics.
It was widely used in CRT monitors and televisions, as well as in some military, oscilloscopes, X-ray machines, and body scanners, medical, and industrial equipment which is fueling the expansion of the target market.
The sales of Phosphor Screen for health care and medical applications have gained momentum in the recent past due to advancements in scanner technology and its uses in dental and veterinary. The market grew with a CAGR of 3.5% during the historic period of 2018 to 2022.
The market is expected to grow significantly as a result of increasing demand from applications such as autoradiography, telecommunication, and medical diagnostics. Similarly, the rapidly increasing demand for phosphor screen image intensifiers is expected to favor the market growth from 2023 to 2033. The market is anticipated to grow with a CAGR of 3.7% during the forecast period.
The market is quite profitable due to technological improvements and the variety of uses for these screens. The global market for phosphor screens is expanding as a result of the growing use and acceptance of these screens in autoradiography and medical diagnostics. The application of spectrophotometry and autoradiography in phosphor screen scanning saves time by combining the two methods.
It also provides extremely accurate quantitative data and is exceptionally sensitive. These elements are influencing medical professionals' interest in using phosphor screens, which is fueling the expansion of the associated industry.
It is used in scanners making them portable and taking up less space. Consequently, a very favorable market for phosphor screen scanners in the medical industry is created by the rising need for diagnostics for a broad range of health-related disorders. In contrast to conventional technologies, the screen gives correct findings for high-energy isotopes and reliably detects low-activity samples, which is growing its popularity among academics. This is anticipated to help the worldwide market development.
Another significant element boosting demand for its scanners in veterinary medical applications, which include intra-oral scanning devices and CR scanners, among others, is the expansion of the veterinary healthcare sector. The market is anticipated to have considerable growth over the coming ten years as a result of several technological developments and advances in the field of medical devices.
A phosphor screen is extensively used in scientific instrument manufacturing. According to a review published on scientific instruments scientists developed and successfully fabricated a planar light source device using a phosphor screen with single-walled carbon nanotubes (SWCNTs) as field electronic ballasts in a simple diode structure made up of the cathode comprised of the highly purified and crystalline SWCNTs diffused into an organic In2O3–SnO2 polymer solution and a non-ionic emulsifier. To maximize quantitative and qualitative outcomes with a storage phosphor system, it is crucial to select the right type of phosphor screen.
MultiSensitive (MS) screens, which have superseded Multipurpose (MP) screens, are made to withstand dampness. These screens are perfect for TLC plates, preparative gels, Southern blots, dot and slot blots, 32P-labeled blots, and differential display gels. The increasing scientific research on phosphor screens and the development of the latest instruments is expected to boost the demand for phosphor screens.
In the global market, East Asia is expected to hold a prominent share and continue its dominance during the projected timeframe. East Asia is expected to lead the market owing to the growth of the end-use industries, especially the electronics, and telecommunication industries. China and Japan are expected to hold the dominant share in the East Asian Market due to the presence of key end-use industries. As a consequence of expanding electronic and telecommunication industry East Asian region has a significant share of the phosphor screen in terms of consumption.
In the past thirty years, China's telecommunications sector has undergone a number of waves of liberalization and privatization-related reforms. One of the world's biggest marketplaces for communications today is China. According to data published in in recent study China accounted for more than one-fifth of all internet users in the globe by June 2021, with more than one billion users. The growing telecom industry in East Asian countries is expected to fuel the demand for the market during the forecast period.
A coating of phosphorescent material is present on the anode screen of the picture intensifier. A collision between an electron and the phosphor screen produces light. The rate of light intensity loss varies depending on the type of phosphor used. The rate of light intensity decline after stimulation depends on the efficiency of the phosphor.
P43 phosphor is used in time-resolved cameras and camera accessories. The light levels at the picture intensifier's output are increased by this phosphor's excellent luminous efficiency. As a result, the final image is of higher quality. The light signals of succeeding frames don't mix together because of this phosphor's short decay period. Thus, increased use of short decay time screens is expected to fuel the market growth.
The global market is semi-fragmented in nature with the presence of several key players holding a significant market share. Key market participants are involved in tapping new opportunities, and increasing application and technological advancements in healthcare and the telecommunication sector.
Key players operating in the market include 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. and others.
For Instance
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.7% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in KiloTons, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Decay Time, End-Use, Region |
| Regions Covered | 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 |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Argentina, Germany, France, Spain, Italy, BENELUX, NORDIC, United Kingdom, Poland, Hungary, Romania, Czech Republic, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia and New Zealand, Kingdom of Saudi Arabia, United Arab Emirates, Türkiye, Northern Africa, South Africa, Israel |
| 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. |
| Customization and Pricing | Available upon Request |
In 2023, the value is expected to reach over US$ 250.0 Million.
During the forecast period, the market is estimated to expand at a CAGR of 3.7% from 2023 to 2033.
The market is projected to reach US$ 359.5 Million by the end of 2033.
East Asia is projected to lead the market in the forecast period.
Key players operating in the market include 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. and others.
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Phosphor Screen Market
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