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Display Monitor Market Growth Statistics, Regional Analysis, Top Players, Size, And Forecast To 2033
Display Monitor Market
As per the report, the display monitor market size has grown steadily in recent years. It will grow from $150.20 billion in 2023 to $156.94 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The display monitor market size is expected to see steady growth in the next few years. It will grow to $188.01 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%.
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Rising Demand For Remote Work And Learning Fuels Growth In The Display Monitor Market
The increasing demand for remote work and learning is expected to propel the growth of the display monitor market going forward. Remote work and learning refers to completing work and educational activities from home or other locations outside of offices and classrooms, usually using online tools and the Internet. Remote work and learning have been increasing in demand due to widespread high-speed internet and the flexibility they provide. Remote work and learning utilize display monitors to enhance productivity and engagement by providing larger, clearer screens for multitasking, video conferencing, and detailed visual content. For instance, in April 2023, according to the US Bureau of Labor Statistics, the biggest increase occurred in 2022, when the percentage of establishments with employees who teleworked all the time grew from 37.4% in 2021 to 42.2%. Furthermore, in January 2022, according to Eurostat, a Luxembourg-based statistical office of the European Union, 27% of adults between the ages of 16 and 74 reported taking an online course or using online study materials in the previous three months in 2021, a 4% point (pp) rise from 23% in 2020. Therefore, the increasing demand for remote work and learning is driving growth in the display monitor market.
Gaming Monitors Enhance Immersive Experiences Transforming Display Monitor Market
Major companies operating in the display monitor market are focusing on technological innovation, such as gaming monitors, to enhance gaming experiences and immersion. Gaming monitors are specialized screens built with high refresh rates, fast response times, and technologies to improve gaming experiences by minimizing screen tearing and lag, ensuring smoother and more engaging gameplay. For instance, in August 2023, Samsung Electronics, a South Korea-based electronics company, launched the Odyssey Neo G9 57-inch gaming monitor. It has a 57-inch ultra-wide screen, equivalent to two 4K monitors side by side, featuring a VA-type LCD panel with a 7680 x 2160 resolution and a 1000R curvature. The unique 57-inch size results from this ultra-wide format, making it incomparable to other aspect ratios.
The display monitor market covered in this report is segmented -
1) By Technology: Liquid Crystal Display (LCD), Organic Light-Emitting Diode (OLED), Micro-Light-Emitting Diode (LED), Direct-View Light-Emitting Diode (LED), Active Matrix Organic Light-Emitting Diode (AMOLED), Other Technologies
2) By Panel Size: Under 22.9 Inches, 23-26.9 Inches, 27-41.9 Inches, Above 42 Inches
3) By Display Color: Colored, Monochrome
4) By Application: Consumer, Automotive, Sports And Entertainment, Transportation, Retail, Hospitality, Banking, Financial Services, And Insurance (BFSI), Industrial And Enterprise, Education, Other Applications
5) By End-User: Residential, Small And Medium Enterprises, Large Enterprises
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Major companies operating in the display monitor market are Samsung Electronics Co. Ltd, Sony Corporation, Panasonic Corporation, Toshiba Corporation, BOE Technology Group, Applied Materials Inc., NEC Corporation, Sharp Corporation, LG Display Co. Ltd., Koninklijke Philips N.V., ASUSTeK Computer Inc., Tokyo Electron Limited, TCL Display Technology Holdings Limited, AU Optronics Corporation, Innolux Corp, Japan Display Inc., Planar Systems Inc., BenQ Corporation, Densitron Technologies Plc., Hannstar Display Corporation, Emerging Display Technologies Corporation, Novaled AG, Crystal Display Systems Ltd, Smart Infovision
Contents of the report:
1. Executive Summary
2. Display Monitor Market Report Structure
3. Display Monitor Market Trends And Strategies
4. Display Monitor Market - Macro Economic Scenario
5. Display Monitor Market Size And Growth
…..
27. Display Monitor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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