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Display Monitor Market Size, Analysis, Trends, Opportunities 2024-2033
Display Monitor Market Size
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According to The Business Research Company's, 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 growth in the historic period can be attributed to shifts in consumer preferences towards larger screens, innovations in energy efficiency, the demand for immersive gaming experiences, improvements in color accuracy and contrast ratios, the integration of ergonomic features for enhanced user comfort, and the proliferation of multimedia content consumption across various devices.
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%. The growth in the forecast period can be attributed to increasing demand for healthcare and medical imaging, smart home integration, augmented and virtual reality, price reductions, and increased accessibility. Major trends in the forecast period include a surge in demand for eco-friendly, energy-efficient models with advanced features, increasing adoption of curved and ultra-wide screens, a shift towards higher resolutions, a rise in demand for portable and foldable displays, and integration of AI-driven functionalities.
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Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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
Display Monitor Market 2024 Key Insights:
• 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%.
• Rising Demand For Remote Work And Learning Fuels Growth In The Display Monitor Market
• Gaming Monitors Enhance Immersive Experiences Transforming Display Monitor Market
• Asia-Pacific was the largest region in the display monitor market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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