The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

As per The Business Research Company’s Display Monitor Global Market Report 2024, the display monitor market is expected to show significant growth in the forecast period.

 

Market Size and Growth Rate

• 2023 Market Size: $150.20 billion
• 2024 Market Size: $156.94 billion
• CAGR: 4.5%

The display monitor market has experienced steady growth in recent years, expanding from $150.20 billion in 2023 to $156.94 billion in 2024 at a CAGR of 4.5%. This growth is driven by consumer preferences for larger screens, innovations in energy efficiency, demand for immersive gaming experiences, improvements in color accuracy and contrast ratios, ergonomic features for user comfort, and increased multimedia content consumption.

 

Future Market Projections

• 2028 Market Size: $188.01 billion
• CAGR: 4.6%

The market is expected to continue growing steadily, reaching $188.01 billion by 2028 with a CAGR of 4.6%. Key drivers include increasing demand for healthcare and medical imaging, smart home integration, augmented and virtual reality, price reductions, and improved accessibility.

 

View More On The Display Monitor Market Report 2024 –
https://www.thebusinessresearchcompany.com/report/display-monitor-global-market-report

 

Key Growth Drivers

Remote Work and Learning

• Flexibility: Increased demand for remote work and learning due to widespread high-speed internet
• Usage: Display monitors enhance productivity and engagement for multitasking, video conferencing, and detailed visual content
• Market Insight: 42.2% of US establishments had employees teleworking full-time in 2022; 27% of EU adults took online courses in 2021

The demand for remote work and learning has fueled the growth of the display monitor market. Enhanced productivity and engagement through larger, clearer screens are critical for multitasking, video conferencing, and detailed visual content.

Technological Innovations

Gaming Monitors

• Enhanced Experience: High refresh rates, fast response times, and technologies to minimize screen tearing and lag
• Example: Samsung’s Odyssey Neo G9 57-inch gaming monitor with a 7680 x 2160 resolution and 1000R curvature

Gaming monitors are transforming the display monitor market by providing immersive experiences. Companies like Samsung are focusing on technological innovations to enhance gaming experiences, such as their Odyssey Neo G9, which offers an ultra-wide screen equivalent to two 4K monitors side by side.

Strategic Acquisitions

HP and HyperX

• Acquisition: HP acquired HyperX for $425 million in June 2021
• Objective: Boost growth in HP’s Personal Systems business and expand into gaming and peripherals

Strategic acquisitions are pivotal for market growth. HP’s acquisition of HyperX aims to enhance its gaming display monitor portfolio, driving innovation and exploring new growth opportunities.

 

Major Trends

Eco-Friendly and Advanced Features

• Energy Efficiency: Surge in demand for eco-friendly, energy-efficient models
• Screen Types: Increasing adoption of curved and ultra-wide screens
• Resolution: Shift towards higher resolutions
• Portable Displays: Rise in demand for portable and foldable displays
• AI Integration: Integration of AI-driven functionalities

The forecast period will see significant trends such as the adoption of eco-friendly, energy-efficient models, higher resolutions, curved and ultra-wide screens, portable and foldable displays, and AI-driven functionalities.

 

Market Segmentation

By Technology

• LCD
• OLED
• Micro-LED
• Direct-View LED
• AMOLED
• Other Technologies

By Panel Size

• Under 22.9 Inches
• 23-26.9 Inches
• 27-41.9 Inches
• Above 42 Inches

By Display Color

• Colored
• Monochrome

By Application

• Consumer
• Automotive
• Sports and Entertainment
• Transportation
• Retail
• Hospitality
• Banking, Financial Services, and Insurance (BFSI)
• Industrial and Enterprise
• Education
• Other Applications

By End-User

• Residential
• Small and Medium Enterprises
• Large Enterprises

The market segmentation covers a wide range of technologies, panel sizes, display colors, applications, and end-users, ensuring diverse growth opportunities across different segments.

 

Regional Insights

Asia-Pacific Leading the Market

• Largest Region: Asia-Pacific in 2023

Asia-Pacific was the largest region in the display monitor market in 2023, driven by the region’s advanced technological infrastructure and high adoption rates of new display technologies.

 

Major Companies

• Key Players: 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

Leading companies such as Samsung, Sony, Panasonic, and LG are driving the market with continuous innovations and strategic initiatives.

 

Conclusion

The display monitor market is experiencing steady growth, driven by technological innovations, strategic acquisitions, and the rising demand for remote work and learning. With projections indicating continued growth, the market is poised for significant advancements in the coming years.

 

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The Display Monitor Global Market Report 2024  provides an in-depth analysis on the display monitor market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the display monitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

 

View More Related Reports –

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