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The global computer monitor market size is forecast to increase by USD 22.83 billion at a CAGR of 8.64% between 2023 and 2028. The market is experiencing robust growth driven by increasing demand for high-resolution displays and advancements in gaming monitor technology. With consumers seeking immersive visual experiences, manufacturers are integrating smart features into monitors to enhance functionality and convenience. As technology evolves, monitors are becoming more than just display devices, serving as hubs for productivity, entertainment, and communication. This trend is reshaping the market landscape, driving innovation, and expanding opportunities for both businesses and consumers. The market analysis and report provide market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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The Global Computer Monitor Market is characterized by a diverse range of products, including PC monitors, digital signage solutions, and smart monitors. They utilize advanced technologies such as TFT-LCD and LED backlighting to deliver high-quality visual displays with enhanced clarity and brightness. Leading manufacturers like BenQ are introducing innovative products like the E24 and X27 series, catering to diverse consumer needs. Additionally, the integration of features like Thunderbolt G4 dock showcases the market's evolution towards multifunctional and versatile display solutions, meeting the demands of modern users across various industries.
The Global PC Monitor Market continues to evolve with innovative technologies and features. PC monitors, essential output devices, display visual content with precision circuitry and sleek casings. Transitioning from traditional cathode-ray tubes to TFT-LCD and LED backlighting, manufacturers like BenQ and Samsung Electronics offer cutting-edge solutions like the E24 and M5 series. The rise of smart monitors, integrated with features like the Thunderbolt G4 dock, caters to diverse needs, from digital signage to home-office activities. As entertainment hubs, PC monitors complement televisions and game consoles, while facilitating communication via smartphones and smart speakers, driving user penetration worldwide.
Rising demand for high-resolution displays is notably driving the market growth. The global market has experienced significant growth in recent years, with a key driver being the rising demand for high-resolution monitors. As technology advances and becomes more accessible, consumers are increasingly seeking high-quality visuals and immersive experiences in their computing devices. Further, high-resolution monitors are in high demand in the design and creative industries. Professionals such as graphic designers, photographers, and video editors rely on precise color representation and accurate details to deliver their work effectively.
Furthermore, the rise of remote work and the increased reliance on digital communication tools have amplified the need for high-resolution monitors. Professionals who spend hours in front of their screens for work purposes require comfortable and visually pleasing displays to reduce eye strain and promote productivity. Thus, the rising demand for high-resolution displays will drive the growth of the market during the forecast period.
The growing adoption of curved monitors is an emerging trend shaping the market growth. The growing adoption of curved monitors is indeed a notable trend in the market. Curved monitors offer a more immersive viewing experience compared to traditional flat-screen monitors. The concave shape of the display matches the natural curve of the human eye, resulting in less eye strain and enhanced visual comfort. With its expansive LED screen real estate, stunning visuals, and comprehensive connectivity options, the UltraSharp U3824DW caters to the demands of creative professionals, power users, and those seeking an immersive viewing experience.
Additionally, the market for curved monitors has been expanding rapidly as more manufacturers are incorporating curved displays into their product lines. Advancements in display technology have made curved monitors more affordable and accessible to a wider audience. Thus, the growing adoption of curved monitors will drive the growth of the market growth and trends.
Environmental concerns and sustainability are the significant challenges hindering market growth. Environmental and sustainability concerns have emerged as significant challenges in the global market. As consumers become more aware of the impact of electronic waste and carbon emissions, they are increasingly seeking environmentally friendly options. One major concern is the disposal of electronic waste. With the rapid advancement of technology, monitors have relatively short lifespans, resulting in a high turnover rate. Children and pregnant women are more vulnerable to pollutants produced through informal e-waste recycling activities than adults. Children are exposed to e-waste recycling initiatives in numerous ways.
Additionally, because of their fast-developing bodies, particularly their developing immunological, respiratory, and central neurological systems, children are particularly sensitive to many of the toxins emitted during the recycling of e-waste. Lead and mercury are just two of the several known and suspected neurotoxins found in e-waste that may harm a developing child or adolescent's central nervous system. Thus, environmental concerns and sustainability will hamper the growth of the market during the forecast period.
The Market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Global Monitor Market Customer Landscape
The market research and growth report includes a comprehensive outlook on the market offering forecasts for the industry segmented by Application, which comprises consumer/commercial, gaming, and others. Additionally, it categorizes Types into LCD monitor, LED monitor, CRT, and other, and covers Geography regions, including North America, APAC, Europe, Middle East and Africa, and South America. The application segment of the market showcases a wide array of uses, extending beyond traditional computing environments. Smartphones, game consoles, and entertainment systems increasingly interface with monitors for enhanced user experiences. Leading brands like BenQ and Samsung Electronics offer innovative monitor series such as E24, X27, M5, M7, and M8, catering to various needs. They often incorporate advanced technologies like Thunderbolt G4 dock and LVDS connectivity for seamless integration with other devices. Smart Monitors play a pivotal role in modern communication setups, serving as display hubs for telephones, smart speakers, and televisions. Moreover, they facilitate home-office activities by connecting with printers and copiers, enhancing productivity and efficiency. With rising user penetration, computer monitors have evolved beyond mere computing tools to become versatile devices that enhance communication, entertainment, and productivity across various applications.
The market share growth by the consumer/commercial segment will be significant during the forecast period. The consumer segment in the market refers to the monitors that are used by individuals and organizations for personal or business purposes. This segment encompasses a wide range of monitors, including those used for gaming, multimedia, and office work.
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The consumer/commercial was the largest segment and was valued at USD 23.23 billion in 2018. Further, monitors used in offices, schools, hospitals, government buildings, and other sectors of the economy are included in the segment division. Usually, criteria such as dependability, energy economy, ergonomic features, connectivity choices, and cost considerations are considered while selecting these monitors. They are utilized in business settings for a variety of purposes, including digital signage, video conferencing, content creation, and data analysis. Thus, the increasing benefits and advantages of this segment will drive the growth of the global market during the forecast period.
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APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The APAC region is a significant market for monitors due to its large population and growing technology adoption. The demand for monitors in countries such as China, Japan, India, South Korea, and Southeast Asian countries is on the rise. In APAC, the market is dominated by both local and international monitor manufacturers. Some well-known brands in the region include Samsung, LG, Acer, Asus, Dell, and AOC. These companies offer a wide range of monitors with different specifications and price points to cater to various consumer needs.
In addition, the e-commerce industry has contributed significantly to the growth of the market with new product launches in APAC. Online retail platforms provide consumers with a wide range of options and easy accessibility to compare prices, read reviews, and make purchases. Thus, the increased product launches of monitors in this region will drive the growth of the regional market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Acer Inc. - The company offers monitors such as Acer Nitro VG270 M3, Acer K273E, Acer SA222Q LED backlight LCD monitor and more.
Apple Inc. - The company offers monitors with studio display and pro display XDR.
ASUSTeK Computer Inc. - The company offers monitors such as TUF gaming, ProArt, ZenScreen and more.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a wide array of output devices utilized in various applications, ranging from home-office activities to entertainment and communication. They feature advanced circuitry and casings, along with different power supply options, to ensure optimal performance. TFT-LCD and LED backlighting technologies, including CCFL backlighting and cathode-ray tubes, provide enhanced visual displays across a range of devices, from smartphones to televisions. Digital Signage solutions and smart monitors such as the E24 and X27 series offer innovative features for commercial and personal use. Additionally, connectivity options like LVDS and Thunderbolt G4 dock ensure seamless integration with other devices such as game consoles, smart speakers, and telephones, driving user penetration in the market.
The market offers a diverse range of output device, including cathode-ray tubes, plasma displays, and modern LED screens, catering to various consumer needs. With advancements like VGA, Digital Visual Interface (DVI), HDMI, DisplayPort, and USB-C, users enjoy seamless connectivity across electronic devices. Emerging technologies like OLED provide vivid visual displays, enhancing the viewing experience for virtual gaming and digital content consumption. Models such as the M5, M7, and M8 series, cater to different user preferences and requirements. With a growing demand from B2C enterprises and individual consumers, the market continues to witness estimations for steady growth, driving innovation in printers, copiers, and other digital devices.
The market encompasses a wide array of an output device and visual display, ranging from traditional Cathode-ray tube to modern LED displays and plasma displays. They come in various casing and model types, including the M50C, M70C, M80C series, catering to diverse consumer preferences. Market dynamics such as consumer spending, household numbers, and the consumer price index influence purchasing trends, while analytical tools like the S-curve function and trend smoothing help predict market behavior. Factors like the 5G penetration rate and current exchange rate also impact market growth and competitiveness. As technology advances, the market continues to evolve to meet the demands of consumers worldwide.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028
Computer Monitor Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.64% |
Market Growth 2024-2028 |
USD 22.83 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.78 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 39% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acer Inc., Apple Inc., ASUSTeK Computer Inc., BenQ Corp., Dell Technologies Inc., Exergen Corp., HP Inc., Huawei Technologies Co. Ltd., Koninklijke Philips N.V., Lenovo Group Ltd., LG Electronics Inc., Micro-Star International Co. Ltd., OnePlus Technology Co. Ltd., Razer Inc., Samsung Electronics Co. Ltd., Seiko Epson Corp., Toshiba Corp., TPV Technology Co. Ltd., ViewSonic Corp., and Xiaomi Communications Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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