Press release
Key Players and Competitive Dynamics in the Display Monitor Market
Display Monitor Market
Forecasted Expansion of the Display Monitor Market Size by 2030
The display monitor market is projected to steadily increase, reaching a valuation of $194.21 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 3.6% throughout the forecast period. Several factors contribute to this upward trend, including the rising popularity of gaming and esports displays, expansion of remote work setups and home offices, increased use of digital signage, and advancements in display panel technologies. Additionally, high-end creative applications are becoming more prevalent, further bolstering demand. The market is also witnessing growing interest in high-resolution and 4K displays, along with curved and ultra-wide monitors. The popularity of high refresh rate screens for gaming and color-accurate monitors for professional tasks is expanding, supported by consumer preferences for slim bezels and ergonomic designs.
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Key Players Leading the Display Monitor Industry
The competitive landscape of the display monitor market is dominated by globally recognized companies such as Samsung Electronics Co. Ltd, Sony Corporation, Panasonic Corporation, Toshiba Corporation, BOE Technology Group, NEC Corporation, Sharp Corporation, LG Display Co. Ltd., Koninklijke Philips N.V., ASUSTeK Computer Inc., 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, Crystal Display Systems Ltd, and Smart Infovision. These firms play a significant role in innovation, production, and distribution across various regions and market segments.
Strategic Acquisition Enhancing India's Electronics Manufacturing
In an important move in May 2024, Vedanta, an Indian diversified natural resources company, acquired AvanStrate for $78.3 million. This acquisition supports Vedanta's broader strategy to strengthen India's electronics manufacturing sector and promote the country's self-reliance in this field. AvanStrate, based in Japan, specializes in producing glass substrates for TFT LCD panels, which are integral to many electronic devices. This deal aligns with national initiatives to boost local manufacturing capabilities and reduce dependency on imports.
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Innovations and Trends Driving the Future of the Display Monitor Market
Technological innovation remains a major focus for leading display monitor manufacturers, especially in the gaming segment. Gaming monitors are designed with features such as high refresh rates and fast response times to enhance player experience by minimizing screen tearing and input lag. An example of this trend is Samsung Electronics' release of the Odyssey Neo G9 gaming monitor in August 2023. This impressive 57-inch ultra-wide display, equivalent to two side-by-side 4K monitors, features a VA-type LCD panel with a resolution of 7680 x 2160 pixels and a 1000R curvature, offering an immersive and unique aspect ratio unmatched by conventional screens.
Detailed Segmentation of the Global Display Monitor Market
The display monitor market is categorized into various segments to better understand consumer preferences and technological adoption:
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
Further sub-segments provide a deeper breakdown by specific technologies:
- LCD types include Twisted Nematic (TN), In-Plane Switching (IPS), Vertical Alignment (VA), and Advanced Fringe Field Switching (AFFS).
- OLED variants consist of White OLED (WOLED), RGB OLED, and Flexible OLED.
- Micro-LED is divided into Full-Array and Mini-LED Micro-LED.
- Direct-View LED covers Full-Color and Monochrome types.
- AMOLED includes Super AMOLED, Ultra AMOLED, and Plastic OLED (P-OLED).
- Other technologies encompass Quantum Dot Display (QLED), E-Paper Display, and Liquid Crystal On Silicon (LCoS).
This comprehensive segmentation approach highlights the diversity and specialization within the display monitor market, reflecting its rapid technological evolution and broad range of applications worldwide.
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