Computer Monitor Market Report and Forecast 2024-2032

Market Outlook

According to this report, the computer monitor market size reached a value of USD 46.51 billion in 2023. Aided by the increasing demand for high-performance and high-resolution monitors and the growing application of computer monitors in various sectors, the market is projected to further grow at a CAGR of 6.6% between 2024 and 2032 to reach a value of USD 82.57 billion by 2032.

Computer monitors are essential peripherals used to display visual output from computers and other digital devices. They are widely used in various applications, including gaming, professional design, business operations, education, and general computing tasks. The market encompasses a range of monitor types, including LCD, LED, OLED, and curved screens, each offering unique features tailored to specific needs and preferences.

The increasing consumer preference for high-performance and high-resolution monitors is driving the computer monitor market growth. With the rising demand for immersive gaming experiences and professional design applications, there has been a significant shift towards monitors with superior display quality and advanced features. Additionally, the growing trend of remote work and online education has further contributed to the increasing popularity of computer monitors, as they play a crucial role in enhancing productivity and user experience.

The expanding application of computer monitors in various sectors also play a significant role in propelling the market. In the gaming sector, high-refresh-rate and low-latency monitors are essential for delivering smooth and responsive gameplay. The professional design sector relies on monitors with accurate color reproduction and high resolution for tasks such as graphic design, video editing, and CAD applications. Moreover, the business sector benefits from computer monitors in facilitating efficient multitasking and enhancing visual communication.

Further, the growing focus on sustainability and energy efficiency has led to an increased demand for innovative monitor solutions. With the rise of environmentally conscious consumers and the need to reduce energy consumption, monitor manufacturers are increasingly focusing on developing eco-friendly and energy-efficient products. This trend is expected to boost the computer monitor market expansion in the coming years, consequently driving up the computer monitor market share.

North America is a significant market for computer monitors, driven by the high demand for advanced display solutions in industries such as gaming, professional design, and business operations. The region's focus on technological advancements and innovation is also supporting market growth.

Europe is a prominent market for computer monitors, with countries such as Germany, the United Kingdom, and France leading the adoption of high-performance monitors. The region's emphasis on sustainability and energy efficiency is driving the demand for eco-friendly monitor solutions.

As per the computer monitor market analysis, the Asia-Pacific region is expected to witness significant growth in the market, owing to the rapid industrialisation, increasing demand for consumer electronics, and growing investments in infrastructure development. Countries such as China, India, and Japan are major contributors to the market growth in this region.

The Middle East and Africa region is experiencing growing demand for computer monitors, particularly in business and education sectors. The region's emphasis on modernising infrastructure and adopting advanced technologies is boosting the adoption of high-performance monitors.

Market Segmentation

The market can be divided based on type, size, application, and region.

Market Breakup by Type

• LCD Monitor
• LED Monitor
• CRT
• Others

Market Breakup by Size

• Small
• Large

Market Breakup by Application

• Commercial
• Gaming
• Others

Market Breakup by Region

• North America
• Europe
• Middle East and Africa
• Asia Pacific
• Latin America

Competitive landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in computer monitor market. some of the major players explored in the report are as follows:

• 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