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The computer monitor market size is forecast to increase by USD 22.83 billion at a CAGR of 8.64% between 2023 and 2028.
The computer monitor industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market caters to the demand for visual displays used in personal and business applications. This market segment includes monitors for gaming, multimedia, and office work. Factors driving market growth include the increasing digitization of industries, advancements in display technologies, and the rising preference for visual content. Consequently, there is a significant demand for computer monitors in both the consumer and commercial sectors. Notable manufacturers in this industry include Samsung Electronics and BenQ, producing LCD and LED monitors for various applications. The market's expansion is influenced by factors such as increasing consumer spending, household penetration, and the consumer price index.
The S-curve function and trend smoothing indicate a steady growth trajectory, with potential integration of 5G technology further enhancing market potential. The market serves a wide range of electronic devices, including smartphones, printers, copiers, and telecommunication equipment.
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The Consumer/commercial segment was valued at USD 23.23 billion in 2018 and showed a gradual increase during the forecast period.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The APAC market represents a substantial portion of the global computer monitor industry, driven by the region's large population and increasing technology adoption. Key countries, including China, Japan, India, South Korea, and Southeast Asian nations, exhibit growing demand for computer monitors. This market is influenced by both local and international monitor manufacturers, with notable brands like Samsung, LG, Acer, Asus, Dell, and AOC leading the way. These companies provide a diverse selection of monitors, catering to various consumer requirements through different specifications and price points. For instance, BenQ, a renowned global brand in digital lifestyle products and pioneer in professional display technology, launched the newest generation of PhotoVue professional photography monitors, the SW272U and SW272Q, in February 2023.
Computer monitors in APAC are available in various types, such as TFT-LCD, LED backlit, CCFL backlit, Cathode-ray tube, Plasma display, OLED, and sizes ranging from small LCD monitors to large LED displays. Connectivity options include VGA, HDMI, DisplayPort, USB-C, LVDS, LCD, CRT, and more. These monitors are utilized in various applications, including commercial, gaming, virtual gaming, smartphones, B2C enterprises, electronic devices, digital devices, entertainment, televisions, game consoles, smart speakers, communication, telephones, home-office activities, printers, copiers, and more. The user penetration, consumer spending, and household numbers continue to increase, influencing the market's growth. The consumer price index, S-curve function, trend smoothing, and 5G penetration rate are essential factors impacting the market's development.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising demand for high-resolution displays is the key driver of the market.
Growing adoption of curved monitors is the upcoming market trend.
What challenges does the Computer Monitor Industry face during its growth?
Environmental concerns and sustainability is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The computer monitor 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 computer monitor market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, computer monitor market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Acer Inc. - The company provides a selection of computer monitors, including the Acer Nitro VG270 M3, Acer K273E, and Acer SA222Q models. These monitors feature LED backlight LCD technology for enhanced visual clarity and energy efficiency. With various sizes and specifications available, the company caters to diverse user needs In the market.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key 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 industry 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 range of output devices designed to display visual information processed by computers. These devices are essential components of the digital ecosystem, enabling users to interact with data and multimedia content. The fundamental components of a computer monitor include the circuitry, casing, power supply, and display technology. Display technologies have evolved significantly over the years, with TFT-LCD, LED backlighting, CCFL backlighting, cathode-ray tubes, plasma displays, OLED, and various connection technologies such as VGA, HDMI, DisplayPort, USB-C, LVDS, and LCD, among others, shaping the market landscape. The market is influenced by several factors, including size, technology, and application areas.
LCD monitors and LED monitors have gained significant traction due to their energy efficiency, sleek designs, and high-resolution capabilities. The commercial sector, including B2C enterprises, has shown a growing preference for larger monitors to enhance productivity and improve collaboration. Gaming and virtual gaming applications have also driven demand for advanced features such as high refresh rates, fast response times, and wide color gamuts. LED displays, with their superior brightness, contrast, and energy efficiency, have become popular choices for gaming enthusiasts. The market for computer monitors is interconnected with the broader electronic devices and digital devices market. The increasing popularity of smartphones and other mobile devices has led to a shift in consumer spending patterns, with users opting for smaller, more portable displays.
However, the demand for larger, high-resolution displays for home-office activities, entertainment, and communication continues to drive growth In the market. The market exhibits an S-curve growth pattern, with rapid growth followed by a gradual decline as the technology matures and saturation sets in. Trend smoothing techniques, such as moving averages and exponential smoothing, are used to analyze market data and estimate future growth. The penetration rate of 5G technology is expected to have a significant impact on the market, with faster internet speeds enabling higher-resolution video streaming and remote work capabilities. The increasing adoption of smart monitors, which integrate various functionalities such as voice assistants and Thunderbolt G4 docks, is also expected to drive growth In the market.
In conclusion, the market is a dynamic and evolving landscape, shaped by technological advancements, changing user preferences, and broader market trends. The market is expected to continue growing, driven by the increasing demand for larger, high-resolution displays and advanced features for various applications.
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Market Scope |
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Report Coverage |
Details |
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Page number |
167 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.64% |
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Market growth 2024-2028 |
USD 22.83 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.78 |
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Key countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this computer monitor market research report to meet your requirements.
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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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