Monochrome Display Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Monochrome Display Market is projected to increase from USD 19.04 Billion in 2025 to USD 35.52 Billion by 2031, expanding at a CAGR of 10.95%. This market consists of visual interface solutions that employ a single-color pixel array or phosphor - typically displaying images in green, amber, or black and white - to provide high-contrast text and graphics.

The sector's growth is underpinned by specific drivers, including the essential need for energy-efficient, sunlight-readable screens in industrial automation and the rigorous precision standards required for medical diagnostic tools like X-ray monitors and mammography equipment. Additionally, the enduring demand for durable, low-power displays in handheld utility meters and automotive instrument clusters supports the industry's stability. According to the Korea Display Industry Association (KDIA), the global liquid crystal display (LCD) market, which includes the monochrome segment vital for these specialized medical and industrial applications, achieved a value of $79.2 billion in 2024.

One major challenge that could obstruct market expansion is the rising competition from affordable color display technologies, such as organic light-emitting diodes (OLED) and thin-film transistor liquid crystal displays (TFT-LCD). As manufacturing costs for these advanced color panels decline, the price difference between monochrome and color options narrows, causing manufacturers in cost-conscious sectors to increasingly shift toward full-color interfaces, even when monochrome solutions would be functionally adequate.

Market Drivers

The swift adoption of electronic shelf labels (ESL) within smart retail infrastructures acts as a primary catalyst for the Global Monochrome Display Market. Retailers are increasingly automating inventory management and price updates, necessitating the low-power, high-contrast visual interfaces that monochrome e-paper technology uniquely offers. This transition enables store operators to implement dynamic pricing models and drastically cut labor costs associated with manually replacing paper tags in extensive grocery environments. Consequently, major technology providers in this sector are seeing significant financial growth. According to VusionGroup, in its 'FY 2024 Results' press release from February 2025, the company exceeded €1 billion in adjusted revenue for the first time, marking a 25% annual growth driven largely by accelerated deployments in North America.

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

Market Challenges

The expansion of the Global Monochrome Display Market is significantly hampered by intensifying competition from advanced color display technologies, specifically organic light-emitting diodes and thin-film transistor liquid crystal displays. As production efficiencies for these color panels improve, their manufacturing costs have dropped substantially, thereby closing 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 provide enhanced visual versatility for a marginally higher investment compared to monochrome alternatives.

The immense scale of the competing color display market places significant pressure on legacy monochrome pricing structures. According to the Korea Display Industry Association, the market share of Chinese manufacturers in the global liquid crystal display sector reached 60.8 percent in 2024. 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.

Market Trends

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

A second transformative trend is the proliferation of smart shipping labels in logistics and supply chain management, 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 wirelessly update shipping status and destination data, 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' 'Q2 2025 Earnings Briefing' in August 2025, the company reported 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.

Key Players Profiled in the Monochrome Display Market

• 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.

Report Scope

In this report, the Global Monochrome Display Market has been segmented into the following categories:

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
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

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

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

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

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