Computer Monitor Market Statistics - 2031
The global computer monitor market was valued at $39.3 billion in 2021 and is projected to reach $76 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031.
A PC monitor is an output device that displays information in pictorial or text form. A monitor usually comprises a visual display, some circuitry, a casing, and a power supply. The display device in modern monitors is typically a thin-film-transistor liquid-crystal display (TFT-LCD) with LED backlighting having replaced cold-cathode fluorescent lamp (CCFL) backlighting. Previous monitors used a cathode-ray tube (CRT) and some plasma (also called gas-plasma) displays. Monitors are connected to the computer via VGA, Digital Visual Interface (DVI), HDMI, DisplayPort, USB-C, low-voltage differential signaling (LVDS), or other proprietary connectors and signals. Monitors come in two major types, LCD and CRT. CRT monitors, which are deep in size, look like old-fashioned TVs. LCD monitors are much thinner, use less energy, and provide better graphics quality. OLED is another type of monitor that's an improvement on LCD, providing even better color and viewing angles but also requiring more power.
Segment Overview
The computer monitor market is segmented into Size, Type, Application, and Region.
By size, the market is divided into small and large. The large segment was the highest revenue contributor to the market in 2021.
By type, the segment is divided into LCD monitor, LED monitor, CRT, and others. The LED monitor segment was the highest revenue contributor to the market in 2021.
By application, the market is segmented into commercial, gaming, and others. The commercial segment was the highest revenue contributor to the market in 2021.
Region-wise, the computer monitor market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
With the advent of technologies and the introduction of surprising and innovative products in the market, computing has completely changed around the world. This has led to the requirement for bigger and better displays focused on the ergonomics of monitors including the overall dimensions, weight, and energy consumption among others. Also, the rising trend of virtual gaming is also a factor driving the computer monitor industry.
Significant factors that impact the growth of the computer monitor market size increase the use of LED displays for video walls, TVs, and digital signage applications. Moreover, rapid advancement in technologies in the computer monitor sector also is expected to drive the market opportunity. However, the decline in demand for displays from the retail sector is projected to hamper the computer monitor market growth. On the contrary, the growing adoption of foldable and flexible displays is offering potential growth opportunities for the computer monitor market share during the forecast period.
Competitive Analysis
Competitive analysis and profiles of the major computer monitor industry players and innovators such as Dell Technologies Inc., HP Inc., TPV Technology Limited, Lenovo Group Limited, Samsung Group, Intelligent Imaging Innovations, LG Electronics Inc., Apple Inc., Acer Inc., and AsusTek Computer Inc. are provided in this report.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the computer monitor market analysis from 2021 to 2031 to identify the prevailing computer monitor market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the computer monitor market outlook assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global computer monitor market trends, key players, market segments, application areas, computer monitor market forecast, and market growth strategies.
Computer Monitor Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 76 billion |
 Growth Rate | CAGR of 6.9% |
 Forecast period | 2021 - 2031 |
 Report Pages | 195 |
 By Size |
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 By Type |
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 By Application |
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 By Region |
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 Key Market Players | AsusTek Computer Inc., Apple Inc., Samsung Group, TPV Technology Co., Ltd., Lenovo Group Limited, Intelligent Imaging Innovations (3i), HP Inc., Acer Inc., Dell Technologies Inc., LG Electronics Inc. |
Analyst Review
The global computer monitor market has high potential for the commercial sector. The market growth is also attributed to increase in R&D investments by the large players to deploy enhanced specifications in the product portfolio. Moreover, companies are projected to indulge in mergers, collaborations, and partnerships to make the most use of technology, which is further projected to propel the market growth.
The computer monitor market is gaining traction, owing to the with the advent of new technologies such as USB Type C, the monitors are now able to streamline workstations and eliminate the need for costly and trouble-prone desktop docking stations as they offer less clutter and more reliability. Furthermore, the development of frame syncing technologies such as G-Sync, V-Sync, Freesync that help monitors to synchronize the frame of games with the monitor refresh rate for better stability and performance and help prevent issue associated with monitors such as screen tearing. For instance, Gamers often prefer to purchase monitors that are frame syncing enabled.
The key players profiled in the report include computer monitor market players, such Dell Technologies Inc., HP Inc., TPV Technology Limited, Lenovo Group Limited, Samsung Group, Intelligent Imaging Innovations, LG Electronics Inc., Apple Inc., Acer Inc. and AsusTek Computer Inc.
The Computer Monitor Market is expected to grow at a CAGR of 6.92% during the forecast period.
The Computer Monitor Market is expected to reach $76.04 billion by 2031.
The major players in the Computer Monitor Market are Dell Technologies Inc., HP Inc., TPV Technology Limited, Lenovo Group Limited, Samsung Group and others
The Computer Monitor Market is segmented on the basis of size, type, application, and region.
By application, the Computer Monitor Market is segmented into commercial, gaming and others.
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