How Has the Monitor Market Size Evolved in Recent Years?
The monitor market has seen considerable growth due to a variety of factors.
• There has been a consistent expansion in the size of the monitor market in the last few years. The growth is expected to rise from $70.75 billion in 2024 to $74.11 billion in 2025, at a compound annual growth rate (CAGR) of 4.7%.
Factors contributing to the growth seen in the historical period include the rise in computing and digitalization, expansion of offices and businesses, trends in entertainment consumption, advancements in education and e-learning, and the evolution of multimedia content creation.
What Is the Forecasted Market Size and Growth Rate for The Monitor Market?
The monitor market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated steady expansion is on the cards for the monitor market in the coming years, projecting a growth to an impressive $87.22 billion by 2029, with a compound annual growth rate (CAGR) of 4.2%.
This growing trend in the forecast period is due largely to the surge in remote and hybrid working models, enhanced gaming experiences, progression in classroom technologies, media streaming and the increase in content consumption, as well as specialized professional applications. The forecast period is also likely to witness prominent trends such as USB-C connectivity and single-cable solutions, ergonomically designed features, frameless and slim bezels, adaptive sync and variable refresh rates, all focusing on remote work-friendly features.
What Are The Primary Growth Drivers In The Monitor Market?
The anticipated expansion of the monitor market is predicted to be propelled by increasing access to the internet in the forecast period. The surging reliance on the internet for various purposes such as work, education, and leisure is contributing to the mounting demand for larger screens with better quality. For example, in 2022, as per a report by the International Telecommunication Union (ITU), a United Nations organization based in Switzerland, the global count of internet users reportedly reached approximately 5.3 billion, constituting 66% of the global populace as of 2022. This was a growth of 6.1% compared to the previous year. Consequently, this ongoing surge in internet access is amplifying the growth potential of the monitor market.
What Are The Main Segments Of The Global Monitor Market?
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
Subsegments:
1) By Cathode-Ray Tube (CRT): Standard CRT Monitors, Flat-Screen CRT Monitors
2) By Liquid Crystal Display (LCD): Twisted Nematic (TN) LCD, In-Plane Switching (IPS) LCD, Vertical Alignment (VA) LCD
3) By Light-Emitting Diode (LED): LED Backlit LCD Monitors, OLED Monitors, Mini LED Monitors
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What Emerging Trends Are Influencing The Growth Of The Monitor Market?
In an attempt to overcome the known limitations of conventional IPS panels, top firms in the monitor market are launching innovative monitors, such as 4K monitors equipped with IPS Black technology, thus broadening their global footprint. IPS Black technology is an enhanced version of In-plane switching (IPS) panels, offering superior color and contrast. For example, in April 2022, Dell, an American tech company, launched the new 4K monitors 27"" U2723QE and the 31.5"" U3223QE that boast of IPS Black technology. This technology aims to merge the benefits of IPS panels with increased dark tones for better color contrast. This advanced tech also intends to solve the typical problem of IPS glow, offering superior contrast, and matching the "perfect" blacks of OLEDs. IPS Black technology is poised to address these problems, delivering deeper blacks similar to what an OLED provides.
Who Are the Key Players in the Monitor Market?
Major companies operating in the monitor market include:
• Samsung Electronics Co. Ltd.
• LG Electronics Inc.
• Dell Technologies Inc.
• HP Inc.
• Lenovo Group Limited
• Acer Inc.
• ASUS Computer International
• AOC International
• BenQ Corporation
• ViewSonic Corporation
• MSI (Micro-Star International Co. Ltd.)
• Koninklijke Philips N.V.
• NEC Display Solutions
• EIZO Corporation
• Sony Corporation
• Apple Inc.
• Toshiba Corporation
• Fujitsu Limited
• Hannspree Europe Holdings B.V.
• Sharp Corporation
• Hisense Group
• VIZIO Inc.
• Planar Systems Inc.
• Sceptre Inc.
• Westinghouse Digital LLC
• Elecrow
• DoubleSight Displays
• GIGABYTE Technology Co. Ltd.
• Chimei Innolux Corporation
What Is The Most Dominant Region In The Monitor Market?
Asia-Pacific was the largest region in the monitor market in 2024. 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.
