Global Monitor Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

A monitor is a display device like a television monitor. It interprets and displays the graphic output signal from the computer’s graphics card and displays it on the screen.

Sizing and Forecast
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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Segmentation & Regional Insights
The monitor market covered in this report is segmented –
1) By Type: Cathode-ray tube (CRT, Liquid Crystal Display (LCD), Light-Emitting Diode (LED)
2) By Resolution: 1366*768, 1920* 1080, 1536*864, 1280*720, 1440*900, Other Resolutions
3) By Application: Gaming, Business/Commercial, Personal

The Asia-Pacific was the largest region in the monitor market in 2023. North America is expected to be the fastest-growing region in the global monitor market report during the forecast period. The regions covered in the monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the monitor market report are 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.

The monitor market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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