Authored By: Sarah
27 Jun 2024

 Computer Monitor Market Size to grow by USD 22.83 billion between 2024-2028

According to a research report “ Computer Monitor Market” by Application (Consumer/commercial, Gaming, Others) Type (LCD monitor, LED monitor, CRT, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 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. The global computer monitor market has witnessed substantial growth due to the escalating demand for high-resolution displays. With advancements in technology and increasing accessibility, there is a growing preference for high-quality visuals and immersive experiences in computing devices. This trend is particularly prominent in sectors such as gaming, design, entertainment, and productivity. The primary catalyst for this trend is the burgeoning consumption of visual content, including high-definition videos, 4K streaming, and multimedia applications. Users are increasingly seeking monitors that offer sharper images, vibrant colors, and superior detail to enhance their computing experience.

Browse market data tables, figures, and in-depth TOC on “Computer Monitor Market” by Application (Consumer/commercial, Gaming, Others) Type (LCD monitor, LED monitor, CRT, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Application, the Consumer/commercial segment is projected to dominate the market size in 2024

The LCD monitor segment dominates the global computer monitor market, with LCD (Liquid Crystal Display) monitors being the preferred choice due to their superior image quality, sleek design, energy efficiency, and affordability. BenQ, a leading Taiwanese multinational corporation specializing in digital lifestyle products, is a notable player in this market. BenQ's LCD monitors are renowned for their high performance, innovative features, and user-centric design. Notable features include Eye-care technology, such as Flicker-Free and Low Blue Light mode, which minimize eye strain and fatigue during extended usage. These advanced technologies underscore BenQ's commitment to enhancing user experience and productivity.

By Type, LCD monitor  segment is expected to hold the largest market size for the year 2024

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.

APAC is forecasted to hold the largest market size by region in 2024

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.

The Computer Monitor Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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.
  • Xiaomi Communications Co. Ltd.
.

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Research Analysis Overview

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.

Market Research Overview

The Computer Monitor market is witnessing significant growth due to the increasing penetration of 5G technology and the rise in consumer spending on digital devices for home-office activities, communication, entertainment, and gaming. According to current exchange rates, the market is estimated to reach new heights, with estimations suggesting a steady growth trajectory. The S-curve function, a trend-smoothing statistical model, indicates a gradual increase in user penetration for computer monitors, driven by advancements in technology. B2C enterprises, including Samsung Electronics, are leading the charge with innovative products like the Thunderbolt G4 dock and Smart Monitors. These advanced displays offer features like LED screens, USB-C, DisplayPort, HDMI, VGA, and LVDS connectivity. The size of the monitor market is expanding, with options ranging from CRT and LCD to OLED and Plasma displays, each with its unique advantages. Moreover, the market for peripherals like copiers, printers, telephones, smart speakers, game consoles, and televisions is also impacting the growth of the computer monitor market. The Consumer Price Index and household number are essential factors influencing consumer spending on these electronic devices. The market for computer monitors is expected to continue growing, driven by advancements in technology and changing consumer needs.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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