CRT Monitor Market

CRT Monitor Market Size Survey Report – In a Glance

As per the survey report on global CRT Monitor market, the market is projected to foresee a CAGR of CAGR value 4.5% between 2024-2033, and further generate a market size of USD 768.2 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 520.3 billion revenue.

• The global CRT Monitor market is projected to grow on account of the enhanced usage in graphics and gaming applications.
• In Japan, the CRT Monitor market growth can be attributed to the surge in demand for consumer electronics.
• KDMI analyst’s growth analysis foresees limited manufacturing and parts availability to challenge the market growth.
• Asia Pacific, having the highest market share in the CRT Monitor market, is projected to dominate the global market.

CRT Monitor Market Analysis

A cathode ray tube (CRT) monitor is a display unit that projects images on a phosphorescent screen with the help of electron beams. Electrons are emitted, targeted and guided by magnetic fields to hit the screen inside the tube, generating visuals in color or monochrome. CRT monitors are often a favored option for certain graphic artists and gaming enthusiasts due to their excellent color accuracy, screen refresh rates, and response times as compared to other modern visual technologies. This enhanced usage of CRT monitors in graphics and gaming applications makes it one of the key growth factors for the CRT monitor market on a global scale. According to a report by the Entertainment Software Association, the total consumer spending on video games was $57 billion in 2023. It has also been reported that 61% of the population in the United States play video games for at least one hour every week. Samsung (South Korea), Dell (US), Lenovo (Hong Kong), are some of the significant parties in the global market for CRT Monitor.

Analyst’s Observation on Japan CRT Monitor Market Survey

In Japan, the market growth for CRT Monitor can be attributed to the surge in demand for consumer electronics. The cathode ray tube (CRT) monitor is known for its beneficial properties such as high picture quality, reliability and budget-friendliness due to which it is widely used in classic video games, vintage computing and in some specialized industries like medical imaging, radar systems or scientific research. The demand for consumer electronics encouraged the growth of CRT monitors by displaying good visual quality on televisions and computers, thereby, boosting the CRT monitor market historically as well. According to the Consumer Technology Association, the U.S. consumer technology industry is foreseen to grow by 2.8% in 2024 which highlights a positive shift in consumer spending on technology products and services. Acer (Japan), ASUS(Japan), MSI (Japan), are some of the significant parties in the market for CRT Monitor in Japan.

CRT Monitor Market Growth Drivers and Challenges

Growth Drivers

Specialized industrial and medical uses:

Due to some remarkable features and capabilities of the cathode ray tube (CRT) monitor, it is utilized in specialized industrial and medical applications. In the healthcare sector, CRT monitors are used in traditional diagnostic instruments such as ultrasound monitors and X-ray machines where there is a requirement for high-resolution and real-time imaging. Moreover, the medical imaging industry is driven by the increasing number of diseases in recent times which further propel the CRT monitor market. As per reports, over half a billion individuals across the world are diagnosed with cardiovascular diseases. On the other hand, certain industries depend on CRT monitors as there is a need for high refresh rates and color accuracy like that of in control panels and radar displays. Additionally, CRT monitor also plays a crucial role in industries that have not shifted to the updated version of displays due to financial constraints.

Affordable solutions for emerging markets:

The budget efficiency of cathode ray tube (CRT) monitors provides a major market opportunity in developing regions. It is an excellent economical substitute to high definition flat-panel technologies, making them the ideal choice for sectors such as education, surveillance, and industrial applications. CRT monitors can serve as basic computing tasks and teaching tools without requiring costly devices in educational environments. Today, technology is viewed as a remedy when considering the challenges the education system faces. Reports revealed that global edtech investments reached USD 18 billion in 2019 and the overall market for online education is estimated to reach USD 404 billion by 2025, showing a rapid spike in technology usage in education. Likewise, in surveillance and industrial control systems, CRT monitors provide dependable and wallet-friendly solutions. Therefore, this cost-effectiveness drives the overall demand for CRT monitors in these areas.

Restraints

Limited manufacturing and parts availability:

Maintaining and fixing an old or damaged cathode ray tube (CRT) monitor becomes a major difficulty due to the scarcity of its production facilities and parts availability. The downturn in CRT production has brought about a drop in the supply of replacement parts and new units. This limited availability of components increases the cost of repairing and prolongs inactivity periods for businesses that are based on these displays in useful applications such as medical imaging, scientific research and industrial controls. As a result, this difficulty in finding CRT components poses a significant challenge in the CRT monitor market.

High maintenance and repair costs:

As the manufacturers and service providers of cathode ray tubes (CRT) encounter challenges in sourcing replacement parts, the maintenance and repair expenditure surges. Furthermore, due to the small-scale production of CRT components, finding a skilled workforce also becomes a costly affair. Therefore, as compared to cutting-edge technologies, CRT monitors are more costly, making it difficult for industries to continue the usage of cathode ray tube displays, eventually hindering the global market.

CRT Monitor Market Segmentation

Our experts at KD Market Insights have segmented the global CRT Monitor market research report as:

CRT Monitor Market Regional Synopsis

The Asia-Pacific CRT Monitor market is majorly driven by an explanation of a surge in demand for consumer electronics, the booming semiconductor manufacturing industry, a combination of technological advancements and increasing production capabilities. China invests billions of dollars to boost the development of the semiconductor ecosystem in the country, representing one of the world’s most essential industries. It has been found that about 55 percent of global semiconductor patent applications were Chinese in origin during 2021–2022, while Chinese entities outpaced the U.S. and Japan for semiconductor patents sanctioned in 2022. Additionally, the market is also steered by educational institutions and industries in the region.

North America is supposed to be the fastest-growing region in the global CRT monitor market report during the given timeframe. This is due to the region's early adoption of advanced technologies and strong consumer demand. The growing disposable income of its population has further spurred the market, allowing consumers and businesses to invest in both new and repaired CRT systems. Besides, North America's well-established infrastructure for electronics and technology endorses the continued use of CRTs in specific applications. The United States recently passed 238 bills in 46 states in 2024 so as to lead the development of technology policy in the country.

As per our analysts at KD Market Insights, the following five players lead the Asia-Pacific CRT Monitor market growth:

• Panasonic Life Solutions India Pvt. Ltd. (Japan)
• TOSHIBA CORPORATION (Japan)
• SAMSUNG DISPLAY (South Korea)
• LG DISPLAY CO., LTD (South Korea)
• Sony Corporation (Japan)

CRT Monitor Market Competitive Landscape

Some of the key players who top the global CRT Monitor market share:

• LG DISPLAY CO., LTD (South Korea)
• Thomas Publishing Company (U.S.)
• Panasonic Life Solutions India Pvt. Ltd. (Japan)
• TOSHIBA CORPORATION (Japan)
• SAMSUNG DISPLAY (South Korea)
• Sony Corporation (Japan)
• Dell Inc. (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• Schneider Electric (France)
• Siemens (Germany)
• Mitsubishi Electric Corporation (Japan)
• Sony India (India)

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global CRT Monitor Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Type
      2. By Application
      3. By End-user
      4. By Region
5. Market Segmentation by Type
   1. 1. Curved screen
      2. Others
6. Market Segmentation by Application
   1. 1. Television Screens
      2. Desktop Computer Monitors
      3. Wireless Phone and Portable IT Devices
      4. Commercial and Industrial
7. Market Segmentation by End-user
   1. 1. Electronics
      2. Automotive
      3. Consumer Goods
      4. Healthcare
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
         4. South Korea
         5. Market Size and Forecast
         6. Key Trends and Developments
         7. Market Analysis by Type, Application, and End-user
      5. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Application, and End-user
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
   3. Medtronic (Ireland)
   4. IBM
   5. Apple Inc.
   6. Siemens Medical Solutions
   7. Pepperl+Fuchs
   8. Cisco
   9. GE Healthcare
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References