The global monitor market size is expected to grow from $37.81 billion in 2021 to $41.40 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working and the closure of commercial activities that resulted in operational challenges. The monitors market is expected to reach $57.14 billion in 2026 at a CAGR of 8.4%.
What is the Global Monitor Market?
The monitor market consists of sales of monitors by entities (organizations, sole traders and partnerships) that provide monitors, which are electronic output devices that use a screen to display information in pictorial form. Only goods and services traded between entities or sold to end consumers are included.
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What drives the Global Monitor Market?
The growing internet penetration is expected to fuel the growth of the monitors market in the forecast period. Globally, according to Internet World Stats, 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.
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Global Monitor Market Segments
The global monitor market is segmented:
By Type: Cathode-Ray Tube (CRT), Liquid Crystal Display (LCD), Light-Emitting Diode (LED)
By Application: Gaming, Business/Commercial, Personal
By Resolution: 1366*768, 1920* 1080, 1536*864, 1280*720, 1440*900, Others
By Geography: The regions covered in the monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Monitor Global Market Report 2022provides market size and growth forecasts for the global monitor market, global monitor market share, monitor market segments and geographies, monitor market competitive landscape including leading competitors’ revenues, profiles and market shares. The monitor market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Monitor Industry Playersinclude Dell Technologies Inc., HP Inc., TPV Technology Limited, Lenovo Group Limited, Samsung Group, LG Electronics Inc., Apple Inc., Acer Inc., AsusTek Computer Inc., BenQ Corporation, ViewSonic Corporation Inc., AOC International, NEC Display Solutions, Microsoft, Alienware, MSI, Chuntex Electronics Co. Ltd., Eizo Corporation, Gechic Corporation, Hannspree Europe Holdings B.V., iiyama Corporation, Planar Systems Inc., Qisda Corporation, Tatung Company. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
