Samsung, LG Electronics — The Front Runners in the Global CRT monitor Market, Analysis by Straits Research

Introduction

The global CRT monitor is foreseen to rise during the forecast period (2020-2029). This is attributed to increasing initiatives in R&D activities among top vendors to make innovation in technology. Also, the booming gaming and SME industries across various sectors are the factors propelling the growth of the CRT monitor industry. Furthermore, the high adoption rate of CRT monitors in communication satellite and modern aviation industry is also one of the factors enhancing the industry’s growth.  

Key Highlights

• CRT Monitor market is declining on account of innovation in technology such as LCD monitor, LED monitor, OLED monitor, among others.
• The raster scan display CRT monitor segment holds the largest market share and is presumed to grow during the forecast period on account of availability of chip scan generating hardware from the television industry, low-cost screen memory, among others.
• Radom scan CRT monitor has a low adoption rate on account of high cost and is presumed to grow with an increase in the availability of low-cost sensors during the forecast period.
• CRT monitor industry has witnessed significant growth in the gaming industry. The growth is attributed to the diversified offerings of CRT monitors, including high refresh rates, low cost, others.
• The industrial segment, specifically SMEs, l prefer CRT monitors over LCD and LED monitors on account of the low budget constraints.
• The Asia-Pacific region is the fastest-growing marketplace in the CRT monitor industry due to an increase in government initiatives that led to the development of SMEs across various industrial sectors.
• In 2017, Samsung launched a 19 inch flat CRT monitor. The company has developed a new CRT monitor with an aim to reduce the length of CRT monitor while utilizing more display space. The company spends approximately U.S.D 0.8 million to develop the technology.
• According to Straits Research Analysis, globally, the CRT monitor market is led by prominent vendors namely; Samsung (South Korea), Dell (U.S.), Lenovo (Hong Kong), Acer (Japan), Apple (U.S.), HP(U.S.), ASU.S.(Japan), Microsoft (U.S.), MSI (Japan) and Alienware (U.S.).

Competitive Players

1. Samsung (South Korea)
2. Dell (US)
3. Lenovo (Hong Kong)
4. Acer (Japan)
5. Apple (US)
6. HP(US)
7. ASUS(Japan)
8. Microsoft (US)
9. MSI (Japan)
10. Alienware (US)

Recent Developments

• March 2024- Modder recreated the ideal classic gaming CRT with a little display. The Sony Trinitron PVM monitor is a popular collector among retro gaming lovers, and now a modder has created an adorable little version of it.

Segmentation

1. By Product Type 
   
   1. Random-Scan displays
   2. Raster-scan displays
2. By Industry Type 
   
   1. Gaming
   2. Industrial