Latest News- Computer Monitor Market: Consumer/commercial is expected to lead the Application segment during 2024-2028

The Computer Monitor Market is being driven by Rising demand for high-resolution displays

The Computer Monitor Market is expected to grow at a CAGR of 8.64% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 22.83 billion. The computer monitor market is witnessing a significant shift towards curved monitors, which provide a more immersive and comfortable viewing experience for users. Dell's latest offering, the UltraSharp U3824DW, is a prime example of this trend. This 37.5-inch curved USB-C hub monitor boasts an expansive screen real estate and advanced connectivity options, making it an ideal solution for creative professionals, power users, and those seeking an enhanced visual experience. The curved display, which mirrors the natural curve of the human eye, reduces eye strain and offers stunning visuals, setting a new standard in productivity and connectivity for discerning users. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Consumer/commercial
  • Gaming
  • Others
• Type
  • LCD monitor
  • LED monitor
  • CRT
  • Others
• Geography
  • APAC
    • China
    • Japan
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for high-resolution displays
• Advancements in gaming monitor technology
• Integration of smart features in computer monitors

However, the market also witnesses some limitations, which are as follows:

• Environmental concerns and sustainability
• Macro-economic uncertainty as a challenge for computer monitor
• Emission of harmful extremely low frequency (EFL) and microwave radiation

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Market Scope in Computer Monitor Market Research Report

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Research Analysis Overview

The PC monitor, an essential output device for computing systems, serves as a visual display for various applications. Its composition includes circuitry, casing, and power supply. TFT-LCD and LED backlighting are common technologies, contrasting with older Cathode-ray tube monitors. LED screens have gained popularity, surpassing smartphones from brands like BenQ, in terms of user penetration. Smart Monitors, featuring LVDS technology, connect to Thunderbolt G4 docks for advanced multimedia capabilities. Samsung Electronics, a leading electronics manufacturer, also produces monitors for entertainment, gaming, and home-office activities, including televisions, game consoles, smart speakers, communication devices like telephones, and peripherals such as printers and copiers.

Market Research Overview

The global computer monitor market is a significant segment of the larger technology hardware, storage, and peripherals market, encompassing manufacturers of output devices and visual displays. This market is part of the broader global information technology market, which includes the revenue generated from the sales of cellular phones, personal computers, servers, electronic computer components, and peripherals, such as data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. According to Technavio, key growth drivers for the technology hardware, storage, and peripherals market include the increasing demand for data centers, fueled by the shift towards remote work due to the COVID-19 pandemic. This trend is expected to positively impact the computer monitor market, with advancements in technologies like TFT-LCD and LED backlighting driving innovation and growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/