Display Monitor Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Display Monitor Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Display Monitor Market Overview
Market Drivers –
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.
Market Trends –
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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Regional Insights –
Asia-Pacific was the largest region in the display monitor market in 2023. The regions covered in the display monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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
Table of Contents
- Executive Summary
- Display Monitor Market Report Structure
- Display Monitor Market Trends And Strategies
- Display Monitor Market – Macro Economic Scenario
- Display Monitor Market Size And Growth
…..
- Display Monitor Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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