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Monitor Global Market Report 2024 Market Size, Trends And Report 2024-2033
Monitor Global Market Report
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According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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.
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• 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:
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.
Monitor Market 2024 Key Insights:
• 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%.
• Surging Internet Usage Boosts The Global Monitor Market
• Technological Advancement To Address The Known Shortcomings
• The Asia-Pacific was the largest region in the 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
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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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