Monitor Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Forecast, Key Players

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Monitor Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $69.38 billion In 2028 At A CAGR Of 3.0% :
The monitor market size has grown steadily in recent years. It will grow from $59.82 billion in 2023 to $61.73 billion in 2024 at a compound annual growth rate (CAGR) of 3.2%. The growth in the historic period can be attributed to computing and digitalization boom, office and business expansion, entertainment consumption trends, education and e-learning evolution, multimedia content creation.

The monitor market size is expected to see steady growth in the next few years. It will grow to $69.38 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. The growth in the forecast period can be attributed to remote work and hybrid models, advanced gaming experiences, evolving classroom technologies, media streaming and content consumption, specialized professional applications. Major trends in the forecast period include usb-c connectivity and single-cable solutions, ergonomic design features, frameless and slim bezels, adaptive sync and variable refresh rate, remote work-friendly features.

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Monitor Market Major Segments
The monitor market covered in this report is segmented -
1) By Type: Cathode-ray tube (CRT, Liquid Crystal Display (LCD), Light-Emitting Diode (LED)
2) By Resolution: 1366*768, 1920* 1080, 1536*864, 1280*720, 1440*900, Other Resolutions
3) By Application: Gaming, Business/Commercial, Personal

Key Driver - Surging Internet Usage Boosts The Global Monitor Market
The growing internet penetration is expected to fuel the growth of the monitor market in the forecast period. According to Internet World Stats, globally around 4.83 billion people are using the internet, as of June 2020, which is about 62% of the world's overall population. The number of internet users is increasing by more than 6% annually. Globally, more than three-quarters of the world's larger economies of internet users go online via desktops and laptops. Therefore, the growing internet penetration drives the growth of the monitor market.

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Prominent Trend - Technological Advancement To Address The Known Shortcomings
Major companies operating in the monitor market are introducing technologically advanced monitors such as 4K monitors with IPS Black technology to address the known shortcomings of traditional IPS panels and extend their global reach in the market. IPS Black technology refers to an advanced type of In-plane switching (IPS) panel that offers improved color and contrast. For instance, in April 2022, Dell, a US-based technology company introduced new 4K monitors 27"" U2723QE (Opens in a new window) and the 31.5"" U3223QE (Opens in a new window) featuring IPS Black technology, which aims to combine the advantages of IPS panels with enhanced dark tones for improved color and contrast. This new technology seeks to address the traditional IPS glow issue and offers better contrast, bridging the gap with OLED's ""perfect"" blacks. IPS Black technology aims to rectify these issues, providing deeper blacks akin to what OLED offers.

Monitor Market Players
Major companies operating in the monitor market report are Apple Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Siemens AG, HP Inc., Lenovo Group Limited, LG Electronics Inc., ASUSTeK Computer Inc., TPV Technology Limited, Acer Inc., Qisda Corporation, Rockwell Automation Inc., Micro-Star International Co. Ltd. (MSI), ADLINK Technology Inc., Advantech Co. Ltd., Kontron S&T AG, Hannspree Taiwan Limited, Eizo Corporation, ViewSonic Corporation Inc., BenQ Corporation, Sparton Corporation, Tatung Company, NEC Display Solutions Ltd., Planar Systems Inc., Alienware Corporation, Dell Technologies Inc., Iiyama Corporation, AOC International (Europe) B.V., Gechic Technology Corporation, Chuntex Electronics Co. Ltd., Hewlett-Packard Development Company L.P., Intelligent Imaging Innovations Inc., Hope Industrial System Co. Ltd., Pepperl+Fuchs GmbH, AAEON Technology Inc., Axiomtek Co. Ltd., National Instruments Corporation, Barco NV, Christie Digital Systems USA Inc., Leyard Optoelectronic Co. Ltd.

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Largest And Fastest Growing Region In The Market
The Asia-Pacific was the largest region in the monitor market in 2023. North America is expected to be the fastest-growing region in the global monitor market report during the forecast period. The regions covered in the monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Monitor Market Report Structure
3. Monitor Market Trends And Strategies
4. Monitor Market - Macro Economic Scenario
5. Monitor Market Size And Growth
…..
27. Monitor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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