The Computer Monitor Market is segmented by Application (Consumer/commercial, Gaming, and Others), Type (LCD monitor, LED monitor, CRT, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 22.83 billion, at a CAGR of 8.64% during the forecast period. There are several companies that are contributing to the market as per this report. Growing adoption of curved monitors .
The global computer monitor market caters to the demands of both individual consumers and organizations, encompassing a diverse range of applications from gaming and multimedia to office work. Factors such as the ongoing digitization trend, technological advancements in display technology, increasing preference for visual content, and the expanding use of computers across various industries fuel the market's growth. Notably, industry players like Taiwan-based ASUS, a renowned manufacturer of computer components, continue to innovate and meet the evolving needs of this dynamic market.
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The APAC region represents a substantial market opportunity for computer monitors, underpinned by its expansive population and burgeoning technology adoption. Countries such as China, Japan, India, South Korea, and Southeast Asian nations exhibit an increasing demand for computer monitors. Notably, this market is influenced by both local and international monitor manufacturers. Esteemed brands like Samsung, LG, Acer, Asus, Dell, and AOC hold significant market share. In February 2023, BenQ, a renowned global brand of digital lifestyle products and a pioneer in professional display technology, unveiled their newest generation of PhotoVue professional photography monitors, the SW272U and SW272Q. These companies cater to diverse consumer needs by offering a comprehensive range of monitors with varying specifications and price points.
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The computer monitor market has witnessed significant growth in recent years, driven by the increasing trend of home-office activities, communication tools like telephones, smart speakers, game consoles, and televisions transforming into all-in-one devices. According to statistics, the user penetration of PC monitors is expected to reach 60% by 2025. Traditional devices like copiers and printers have been overshadowed by advanced monitors with features like Smart Monitors from BenQ and Samsung Electronics. These monitors offer Thunderbolt G4 docking stations, LVDS technology, and LED screens, replacing the need for separate peripherals. The evolution of monitors includes a shift from Cathode-ray tube (CRT) and CCFL backlighting to LED backlighting and TFT-LCD technology. Power supply, casing, and circuitry have also undergone improvements, enhancing the visual display and making monitors an essential output device for PCs. Moreover, the integration of communication tools and entertainment features like smartphones and televisions has expanded the monitor's role as a versatile output device. Overall, the computer monitor market continues to innovate, offering users a more efficient and enjoyable experience.
According to Technavio, the computer monitor market is a segment of the larger global technology hardware, storage, and peripherals market, which encompasses manufacturers of IT hardware, data storage components, and peripherals, including cellular phones, personal computers, servers, electronic computer components, monitors, keyboards, printers, and other peripherals. The market size is determined by the revenue generated from the sales of these hardware devices and components. Key growth drivers for the global technology hardware, storage, and peripherals market include the expanding demand for data centers due to the increasing adoption of work-from-home technologies as a result of COVID-19. - The Computer Monitor Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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