Monochrome Display Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 19.04 Billion
CAGR (2026-2031)	10.95%
Fastest Growing Segment	LED Display
Largest Market	North America
Market Size (2031)	USD 35.52 Billion

Market Overview

The Global Monochrome Display Market will grow from USD 19.04 Billion in 2025 to USD 35.52 Billion by 2031 at a 10.95% CAGR. The Global Monochrome Display Market comprises visual interface solutions that utilize a single-color phosphor or pixel array—typically rendering images in black and white, green, or amber—to deliver high-contrast text and graphics. The market’s expansion is supported by distinct drivers such as the critical need for energy-efficient, sunlight-readable screens in industrial automation and the stringent precision requirements of medical diagnostic equipment like mammography and X-ray monitors. Furthermore, the sustained demand for robust, low-power displays in automotive instrument clusters and handheld utility meters continues to underpin the sector's stability. According to the Korea Display Industry Association (KDIA), in 2024, the global liquid crystal display (LCD) market, which encompasses the resilient monochrome segment essential for these specialized industrial and medical applications, reached a value of $79.2 billion.

One significant challenge that could impede the market’s expansion is the intensifying competition from cost-effective color display technologies, such as thin-film transistor liquid crystal displays (TFT-LCD) and organic light-emitting diodes (OLED). As production costs for these advanced color panels decrease, the price gap between monochrome and color solutions narrows, prompting manufacturers in cost-sensitive sectors to increasingly migrate toward full-color interfaces despite the functional sufficiency of monochrome alternatives.

Key Market Drivers

The rapid proliferation of electronic shelf labels (ESL) in smart retail infrastructures is a primary force propelling the Global Monochrome Display Market. Retailers are increasingly automating price updates and inventory management, necessitating low-power, high-contrast visual interfaces that monochrome e-paper technology uniquely provides. This transition allows store operators to integrate dynamic pricing models and significantly reduce the labor costs associated with manual paper tag replacements in large-scale grocery environments. Consequently, major technology providers in this sector are witnessing substantial financial expansion. According to VusionGroup, February 2025, in the 'FY 2024 Results' press release, the company surpassed €1 billion in adjusted revenue for the first time, marking a 25% annual growth attributed largely to accelerated deployments in North America.

The critical dependence on high-contrast medical diagnostic and imaging displays further ensures sustained demand for specialized monochrome panels. In fields such as mammography and radiology, the ability to render precise grayscale variations is essential for accurate diagnosis, maintaining the strict relevance of high-performance monochrome LCDs despite the ubiquity of color screens. Manufacturers continue to innovate in this niche to meet stringent regulatory standards and improve diagnostic confidence. According to Barco, February 2025, in the 'Full Year Results 2024', the Healthcare division reported a 7% increase in orders year-over-year, buoyed by the successful launch of new diagnostic imaging products. Highlighting the broader sectoral growth, according to E Ink Holdings, November 2025, in the 'Q3 2025 Earnings Summary', the company’s cumulative revenue for the first three quarters of 2025 reached NTD 29.1 billion, a 29% increase compared to the previous year.

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Key Market Challenges

The growth of the Global Monochrome Display Market is significantly hindered by intensifying competition from advanced color display technologies, particularly thin-film transistor liquid crystal displays and organic light-emitting diodes. As production efficiencies for these color panels improve, their manufacturing costs have declined substantially, thereby narrowing the price gap between traditional monochrome screens and full-color interfaces. This economic shift encourages manufacturers in cost-sensitive sectors to adopt color displays, which offer enhanced visual versatility for a marginally higher investment compared to monochrome alternatives.

The sheer scale of the competing color display market exerts immense pressure on legacy monochrome pricing structures. According to the Korea Display Industry Association, in 2024, the market share of Chinese manufacturers in the global liquid crystal display sector reached 60.8 percent. This dominance in mass-production volume facilitates economies of scale that further reduce the cost of liquid crystal display panels. Consequently, procurement managers are increasingly bypassing monochrome options in favor of these affordable color substitutes, limiting market penetration for single-color displays even in industrial applications where they were previously the standard.

Key Market Trends

The implementation of low-power memory liquid crystal displays (LCDs) in outdoor electronics is expanding rapidly, driven by the requirement for sunlight-readable and energy-efficient interfaces in ruggedized devices. These Memory-in-Pixel (MIP) screens consume static power only when updating images, allowing adventure watches and handheld GPS units to operate for weeks on a single charge—a critical feature for extended wilderness expeditions that standard color panels cannot match. This functional superiority is translating into significant segmental growth for key device manufacturers. According to Garmin Ltd., August 2025, in the 'Second Quarter 2025 Financial Report', the Outdoor segment generated $490.4 million in revenue, an 11% increase year-over-year, which the company attributed largely to the sustained demand for its dedicated adventure wearables utilizing these specialized high-endurance displays.

The proliferation of smart shipping labels in logistics and supply chain management represents a second transformative trend, where monochrome electronic paper is replacing single-use paper tags to enable real-time tracking and dynamic information updates. Unlike static labels, these reusable digital interfaces allow logistics providers to update destination data and shipping status wirelessly, improving routing efficiency and reducing material waste in complex distribution networks. The expansion of e-paper technology into these industrial verticals is fueling substantial revenue gains for component suppliers. According to E Ink Holdings, August 2025, in the 'Q2 2025 Earnings Briefing', the company reported a consolidated revenue of NTD 10.63 billion, marking a 39% year-over-year increase driven by the widening adoption of e-paper applications beyond traditional reader and retail sectors.

Segmental Insights

The LED display segment constitutes the fastest-growing category within the global monochrome display market, driven primarily by the transition toward energy-efficient and durable visual interface solutions. This segment is experiencing rapid adoption in industrial automation and automotive sectors, where reliable performance and high-contrast visibility are essential. Manufacturers increasingly favor monochrome LEDs over legacy technologies due to their extended operational lifespan and lower power consumption. Additionally, compliance with stringent environmental standards regarding electronic energy usage further accelerates the integration of LED technology into varied commercial applications.

Regional Insights

North America leads the global monochrome display market, primarily driven by the established presence of the medical and industrial sectors. The region experiences sustained demand for high-reliability components in diagnostic equipment and patient monitors, which align with the rigorous safety standards enforced by the U.S. Food and Drug Administration. Furthermore, the robust industrial automation sector relies on these durable displays for instrumentation and utility metering, where clarity and low power consumption are essential. This preference for stability in critical operating environments supports the region's continued dominance.

Recent Developments

In October 2024, Amazon introduced the 12th generation Kindle Paperwhite, which featured a newly engineered monochrome display utilizing an oxide thin-film transistor backplane. This hardware advancement resulted in the highest contrast ratio ever achieved in the product line, along with a twenty-five percent increase in page-turn speed compared to previous models. The release underscored the continued evolution of monochrome electronic paper displays in the mass market, with the oxide-based architecture providing superior image quality and faster response times. This development reinforced the dominant position of monochrome electrophoretic technology in the dedicated e-reader segment.
In September 2024, WiseChip Semiconductor debuted its latest series of transparent passive matrix organic light-emitting diode (PMOLED) display modules at the China International Optoelectronic Exposition. These new monochrome display solutions were designed for integration into specialized optical applications, such as laser rangefinders and sighting scopes, offering adjustable transparency and high contrast. The company's development emphasized the versatility of monochrome OLED technology for industrial and outdoor use cases where clear data visualization is critical. This launch demonstrated the expanding utility of PMOLED panels beyond traditional consumer electronics into niche, high-performance optical instrumentation markets.
In May 2024, Daylight Computer Company launched the DC-1, an Android-based tablet featuring a proprietary monochrome display technology branded as Live Paper. This innovative screen utilized a reflective liquid crystal display (RLCD) architecture that relied on ambient light for visibility, similar to electronic paper, but supported a high refresh rate of 60Hz. The product introduction marked a notable breakthrough in the monochrome display market by bridging the gap between the eye-comfort benefits of traditional e-paper and the fluid performance required for responsive typing, scrolling, and application usage in a dedicated productivity device.
In April 2024, Rakuten Kobo launched the Kobo Clara BW, a new e-reader model that integrated the advanced E Ink Carta 1300 monochrome display technology. This device represented a significant update in the e-reader market, as it was the first commercial product to utilize this specific generation of electronic paper, which offered faster page turns and improved contrast compared to previous iterations. The launch highlighted the continued innovation within the global monochrome display sector, catering to consumers seeking distraction-free reading experiences with enhanced visual performance and responsiveness in a compact form factor.

Key Market Players

Eizo Corporation
Richardson Electronics Ltd.
Blaze Display Technology Co. Ltd.
Microtips Technology LLC
Tianma Microelectronics Co. Ltd.
Ampronix Inc.
JVC Kenwood Corporation
Shelly Inc.
Kyocera Corporation
BOE Technology Group Co., Ltd.

By Screen Type	By Display Type	By End-User	By Region
Green Screen White Screen Amber Screen	CRT Display LCD Display LED Display	Consumer Electronics Automotive Gaming Medical Manufacturing	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Monochrome Display Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Monochrome Display Market, By Screen Type:

Green Screen
White Screen
Amber Screen

Monochrome Display Market, By Display Type:

CRT Display
LCD Display
LED Display

Monochrome Display Market, By End-User:

Consumer Electronics
Automotive
Gaming
Medical
Manufacturing

Monochrome Display Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Monochrome Display Market.

Available Customizations:

Global Monochrome Display Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Monochrome Display Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Monochrome Display Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Screen Type (Green Screen, White Screen, Amber Screen)

5.2.2. By Display Type (CRT Display, LCD Display, LED Display)

5.2.3. By End-User (Consumer Electronics, Automotive, Gaming, Medical, Manufacturing)

5.2.4. By Region

5.2.5. By Company (2025)

5.3. Market Map

6. North America Monochrome Display Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Screen Type

6.2.2. By Display Type

6.2.3. By End-User

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Monochrome Display Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Screen Type

6.3.1.2.2. By Display Type

6.3.1.2.3. By End-User

6.3.2. Canada Monochrome Display Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Screen Type

6.3.2.2.2. By Display Type

6.3.2.2.3. By End-User

6.3.3. Mexico Monochrome Display Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Screen Type

6.3.3.2.2. By Display Type

6.3.3.2.3. By End-User

7. Europe Monochrome Display Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Screen Type

7.2.2. By Display Type

7.2.3. By End-User

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Monochrome Display Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Screen Type

7.3.1.2.2. By Display Type

7.3.1.2.3. By End-User

7.3.2. France Monochrome Display Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Screen Type

7.3.2.2.2. By Display Type

7.3.2.2.3. By End-User

7.3.3. United Kingdom Monochrome Display Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Screen Type

7.3.3.2.2. By Display Type

7.3.3.2.3. By End-User

7.3.4. Italy Monochrome Display Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Screen Type

7.3.4.2.2. By Display Type

7.3.4.2.3. By End-User

7.3.5. Spain Monochrome Display Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Screen Type

7.3.5.2.2. By Display Type

7.3.5.2.3. By End-User

8. Asia Pacific Monochrome Display Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Screen Type

8.2.2. By Display Type

8.2.3. By End-User

8.2.4. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Monochrome Display Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Screen Type

8.3.1.2.2. By Display Type

8.3.1.2.3. By End-User

8.3.2. India Monochrome Display Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Screen Type

8.3.2.2.2. By Display Type

8.3.2.2.3. By End-User

8.3.3. Japan Monochrome Display Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Screen Type

8.3.3.2.2. By Display Type

8.3.3.2.3. By End-User

8.3.4. South Korea Monochrome Display Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Screen Type

8.3.4.2.2. By Display Type

8.3.4.2.3. By End-User

8.3.5. Australia Monochrome Display Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Screen Type

8.3.5.2.2. By Display Type

8.3.5.2.3. By End-User

9. Middle East & Africa Monochrome Display Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Screen Type

9.2.2. By Display Type

9.2.3. By End-User

9.2.4. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Monochrome Display Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Screen Type

9.3.1.2.2. By Display Type

9.3.1.2.3. By End-User

9.3.2. UAE Monochrome Display Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Screen Type

9.3.2.2.2. By Display Type

9.3.2.2.3. By End-User

9.3.3. South Africa Monochrome Display Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Screen Type

9.3.3.2.2. By Display Type

9.3.3.2.3. By End-User

10. South America Monochrome Display Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Screen Type

10.2.2. By Display Type

10.2.3. By End-User

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Monochrome Display Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Screen Type

10.3.1.2.2. By Display Type

10.3.1.2.3. By End-User

10.3.2. Colombia Monochrome Display Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Screen Type

10.3.2.2.2. By Display Type

10.3.2.2.3. By End-User

10.3.3. Argentina Monochrome Display Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Screen Type

10.3.3.2.2. By Display Type

10.3.3.2.3. By End-User

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Monochrome Display Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Eizo Corporation

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Richardson Electronics Ltd.

15.3. Blaze Display Technology Co. Ltd.

15.4. Microtips Technology LLC

15.5. Tianma Microelectronics Co. Ltd.

15.6. Ampronix Inc.

15.7. JVC Kenwood Corporation

15.8. Shelly Inc.

15.9. Kyocera Corporation

15.10. BOE Technology Group Co., Ltd.

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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