Australia Computer Monitor Market Report and Forecast 2024-2032

Australia Computer Monitor Market Outlook

The Australia computer monitor market is expected to grow at a CAGR of 5.2% between 2024 and 2032.

Key Takeaways:

• The adoption of Internet of Things (IoT) technology offers significant economic potential, with forecasts suggesting it could contribute up to USD 230 billion to Australia's GDP over the next decade. Additionally, Australia's blockchain and cryptocurrency sector experienced impressive growth, with a 153% increase in the number of operational companies.

• As per industry reports, as of 2021, internet usage in Australia had reached around 86% of the population, equating to approximately 22.69 million active internet users in January.

• In terms of connectivity, the average internet connection speed in Australia was recorded at 41.8 Mbps in 2020. By the fourth quarter of the same year, about 94% of Australians had access to 4G networks. As of June 2020, Australia boasted approximately 15.28 million internet subscribers.

The computer monitor, an essential output device, presents information visually through pictorial or text form. Modern monitors typically use thin-film-transistor liquid-crystal displays (TFT-LCD) with LED backlighting, replacing older technologies like cathode-ray tubes (CRTs) and plasma displays. Monitors connect to computers via various interfaces such as VGA, DVI, HDMI, DisplayPort, USB-C, and proprietary connectors.

There are two main types of monitors: LCD and CRT. CRT monitors, resembling old-fashioned TVs, are bulky compared to the thinner and more energy-efficient LCD monitors. OLED monitors offer superior colour and viewing angles but require more power.

The computing industry has evolved significantly, driving demand for larger and higher-quality displays with a focus on ergonomic design, dimensions, weight, and energy efficiency. The rise of virtual gaming has also contributed to this trend, fuelling the Australia computer monitor market growth.

In Australia, the computer monitor market has seen substantial growth due to increased adoption of advanced technology, rising disposable incomes, and a growing demand for larger displays. Consumers prefer high-resolution monitors for gaming, entertainment, education, and business purposes. The market is competitive, with key players competing to offer innovative and feature-rich products to capture market share.

Factors impacting market growth include the use of LED displays in video walls, TVs, and digital signage, along with rapid technological advancements in the sector. However, a decline in retail sector demand poses a challenge, while opportunities lie in the growing adoption of foldable and flexible displays. Overall, the Australia computer monitor market is dynamic and evolving, driven by consumer preferences and technological innovation.

Market Segmentation

Australia Computer Monitor Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type 

• LED Monitor

• LCD Monitor

• CRT

• Others

Market Breakup by Size

• Large

• Small

Market Breakup by Application

• Gaming

• Commercial

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Western Australia

• Australian Capital Territory

• Others

Competitive Landscape

Key players in the market design, manufacture and offer technologically advanced products while undertaking mergers and acquisitions in the market.

• Apple Inc. 

• LG Corp.   

• HP Inc.   

• Dell Inc.   

• Acer Inc.   

• Samsung Electronics Co., Ltd. 

• Lenovo Group Limited 

• Koninklijke Philips N.V.  

• ASUSTEK Computer Inc. 

• ViewSonic Corporation         

• Others

Key Highlights of the Report