Global Computer Monitor Market Report and Forecast 2024-2032

Global Computer Monitor Market Outlook

The global computer monitor market size reached approximately USD 46.57 billion in 2023. The market is further projected to grow at a CAGR of 6.6% between 2024 and 2032, reaching a value of USD 82.57 billion by 2032.

Key Trends in the Market

Computer monitor refers to an electronic output device that is used for displaying graphic information, text, videos, and images. It also displays the open programs, user interface, and desktop and is the primary output device users interact with. A computer monitor consists of a screen, a circuitry, a source of power, and a casing to hold all the components.

• The increasing popularity of e-sports due to rising accessibility of games and increasing coverage of top tournaments is aiding the computer monitor market growth. The intensive competition between individual gamers and teams from different parts of the world and increasing streaming of tournaments is boosting the participation, resulting in an increased product demand.

• The rising adoption of work from home due to rising due to the flexibility and economic benefits offered is providing lucrative growth opportunities to the market. Various key players of the market are also investing in incorporating essential features in computer monitors including built-in video camera, among others and developing novel products to meet the evolving requirements of the customers.

• The expansion of the information technology sector and increasing disposable incomes are supporting the market expansion. The rising adoption of smart home devices including displays and speakers, among others are propelling the introduction of monitors with advanced features such as home control features and voice assistants.

Global Computer Monitor Market Analysis

On the basis of type, the market is divided into LCD monitor, LED monitor, and CRT, among others. Based on size, the market is bifurcated into small and large. On the basis of application, the market is classified into commercial and gaming. Based on region, the computer monitor market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Apple Inc.

• Samsung Electronics Co., Ltd.

• LG Corporation

• Acer Inc. 

• Dell Inc.

• ASUSTEK Computer Inc.

• HP Inc. 

• ViewSonic Corporation 

• Koninklijke Philips N.V.

• BenQ Corporation 

• Others

Market Share by Type

LED monitors are expected to account for a significant computer monitor market share in the coming years owing to their thinner design, longer lifespan, fast response time, environment friendly construction, and advanced picture quality. The energy efficient, lightweight, and long lifespan offered by the products are further supporting the segment growth. The presence of the backlight dimming option in some LED monitors aids in the provision of optimal colour quality and contrast, boosting the product demand.

Market Share by Region

The Asia Pacific is anticipated to witness significant growth over the forecast period. This growth can be attributed to the expansion of the medical sector and rising popularity of e-sports in the region. The increasing video game release in the Asia Pacific is further bolstering the computer monitor market demand due to rising disposable incomes and growing popularity of video games across different social media platforms.

Competitive Landscape

Apple Inc., headquartered in California, United States, is one of the leading manufacturers of computer monitors, tablets, and smartphones, among others. The consumer electronics and online and software services providing company was founded in 1976.

Samsung Electronics Co., Ltd. is dedicated towards transforming and innovating the world of digital appliances, computer monitors, smartphones, LED solutions, and medical solutions, among others. The company was founded in 1969 and is headquartered in Suwon-si, South Korea.

LG Corporation provides chemicals, electronics, and telecommunication products and operates various subsidiaries including Zenith, LG Uplus, LG Electronics, LG Chem, LG Energy Solutions, and LG Innotek, among others. The company was founded in 1947 and is headquartered in Seoul, South Korea.

Other computer monitor market key players include Acer Inc., Dell Inc., ASUSTEK Computer Inc., HP Inc., ViewSonic Corporation, Koninklijke Philips N.V., and BenQ Corporation, among others.

Key Highlights of the Report