Computer Monitor Market Overview
Computer Monitor Market Size was estimated at 32.89 (USD Billion) in 2022.
The Computer Monitor Market industry is expected to grow from 34.68(USD Billion) in 2023 to 55.9 (USD Billion) by 2032. The Computer Monitor Market CAGR (growth rate) is expected to be around 5.44% during the forecast period (2024-2032).
Key Computer Monitor Market Trends Highlighted
The computer monitor market is witnessing a surge in demand driven by the proliferation of remote work and online gaming. Key market drivers include the increasing adoption of high-resolution displays, the growing popularity of curved monitors, and the integration of advanced technologies such as HDR and G-Sync.
Emerging opportunities lie in the rising demand for ultra-wide monitors for immersive gaming experiences, the increasing adoption of AI-powered features, and the growing popularity of portable monitors for remote work.
Recent trends in the market include the shift towards higher refresh rates for smoother gaming, the integration of ergonomic features for improved user comfort, and the growing adoption of curved monitors for immersive viewing experiences.
Figure1: Computer Monitor Market, 2018 - 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Computer Monitor Market Drivers
Growing Demand for High-Resolution Displays
The increasing popularity of 4K and 8K content is driving the demand for high-resolution displays. As consumers upgrade their home entertainment systems and businesses invest in advanced visual technologies, the need for monitors with higher pixel densities and wider color gamuts is growing. The Computer Monitor Market is expected to witness significant growth in the high-resolution display segment over the forecast period, as manufacturers focus on developing and launching products that meet the evolving needs of consumers and businesses.
Expansion of the Gaming Industry
The gaming industry is experiencing rapid growth, with the increasing popularity of online and mobile gaming. This growth is driving the demand for gaming monitors, which offer features such as high refresh rates, low response times, and immersive curved screens. The Computer Monitor Market is expected to benefit from the expansion of the gaming industry, as manufacturers develop and launch products that cater to the needs of gamers.
Rise of Remote Work and Hybrid Work Models
The COVID-19 pandemic has accelerated the adoption of remote work and hybrid work models, leading to an increased demand for home office equipment. As employees spend more time working from home, the need for reliable and high-quality monitors has grown. The Computer Monitor Market is expected to see continued growth in the home office segment, as more and more employees opt for remote or hybrid work arrangements.
Computer Monitor Market Segment Insights
Computer Monitor Market Display Type Insights
The market growth is attributed to the increasing adoption of advanced display technologies, such as OLED and QLED, and the growing demand for high-resolution and immersive gaming experiences. The Liquid Crystal Display (LCD) segment dominates the market, accounting for the largest revenue share in 2023. LCD monitors are widely used in various applications, including offices, homes, and gaming setups, due to their affordability and energy efficiency. However, the market is witnessing a shift towards Light-Emitting Diode (LED) monitors, which offer superior picture quality and color accuracy.The Organic Light-Emitting Diode (OLED) segment is expected to witness the highest growth rate during the forecast period. OLED monitors provide exceptional image quality with deep blacks, vibrant colors, and wide viewing angles. They are increasingly being adopted in high-end gaming and professional applications. Quantum Dot Light-Emitting Diode (QLED) monitors combine the advantages of both LCD and OLED technologies, offering a wider color gamut and higher brightness levels. They are expected to gain significant market share in the coming years as they become more affordable.Plasma Display monitors, once popular for their large screen sizes and immersive viewing experience, have declined in popularity due to their high power consumption and short lifespan. They are now primarily used in niche applications, such as digital signage and medical imaging. In terms of market size, the LCD segment is expected to remain the largest, followed by LED and OLED. QLED and Plasma Display segments are expected to experience significant growth during the forecast period. The increasing demand for high-performance monitors for gaming, content creation, and professional applications is driving the growth of the Computer Monitor Market.
Figure2: Computer Monitor Market, By Display Type, 2023 & 2032 (USD billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Computer Monitor Market Screen Size Insights
The 'Screen Size' segment of the Computer Monitor Market is expected to grow at a steady pace in the coming years. The increasing demand for larger screen sizes for gaming, entertainment, and professional applications is driving the growth of this segment. As of 2023, the 25 inches and above screen size segment accounted for the largest share of the Computer Monitor Market revenue, and is expected to maintain its dominance throughout the forecast period. The growing popularity of wide-screen monitors for gaming and video editing is contributing to the growth of this segment.The 20-25 inches screen size segment is also expected to witness significant growth, driven by the increasing demand for mid-sized monitors for home and office use. The 15-20 inches screen size segment is expected to grow at a moderate pace, as these monitors are becoming less popular due to the increasing availability of larger screen sizes at affordable prices. The 10-15 inches screen size segment is expected to decline in market share, as these monitors are gradually being replaced by larger screen sizes. The below 10 inches screen size segment is expected to remain niche, with limited growth potential.Overall, the Screen Size segment of the Computer Monitor Market is expected to continue to grow in the coming years, driven by the increasing demand for larger screen sizes and the declining prices of these monitors.
Computer Monitor Market Panel Technology Insights
The Computer Monitor Market is segmented based on Panel Technology into Twisted Nematic (TN), In-Plane Switching (IPS), Vertical Alignment (VA), and Plane Line Switching (PLS). In 2023, the IPS segment held the largest market share, accounting for over 45% of the Computer Monitor Market revenue. The IPS technology offers wide viewing angles, accurate color reproduction, and fast response times, making it suitable for various applications, including gaming, graphic design, and video editing. The TN segment is expected to witness a significant decline in market share due to its limited viewing angles and color accuracy.However, it remains popular in budget-oriented monitors due to its low cost. The VA segment is gaining traction due to its high contrast ratios and deep blacks, making it ideal for home entertainment and multimedia applications. The PLS segment is expected to grow steadily, offering a balance between IPS and VA technologies in terms of viewing angles, color accuracy, and response times.
Computer Monitor Market Resolution Insights
The Resolution segment in the Computer Monitor Market is segmented into various categories including 1920x1080 (Full HD), 2560x1440 (2K), 3840x2160 (4K), 5120x2880 (5K), and 7680x4320 (8K). Among these segments, 1920x1080 (Full HD) dominated the market in 2023 with a revenue share of approximately 45%. This dominance is attributed to its affordability and widespread adoption across various applications. However, higher resolution segments such as 4K and 8K are expected to witness significant growth in the coming years, driven by increasing demand for immersive gaming, video editing, and other graphics-intensive applications.By 2026, the 4K segment is projected to account for over 30% of the Computer Monitor Market revenue, while the 8K segment is expected to grow at a CAGR of over 20%.
Computer Monitor Market Curvature Insights
The Computer Monitor Market is segmented into Flat and Curved based on Curvature. Flat monitors have been the traditional choice for computer users, offering a wider viewing angle and lower cost compared to curved monitors. However, curved monitors have gained popularity in recent years due to their immersive viewing experience and reduced eye strain. The curved monitor market is expected to grow at a CAGR of 8.5% from 2024 to 2032, reaching a market value of USD 15.6 billion by 2032. This growth is attributed to the increasing adoption of curved monitors by gamers and professionals who demand a more immersive and comfortable viewing experience.
Computer Monitor Market Regional Insights
The regional segmentation of the Computer Monitor Market offers valuable insights into the market's geographic distribution and growth potential. North America holds a significant share of the market, driven by high adoption of advanced technologies and presence of major industry players. Europe follows closely, with strong demand from various sectors, including gaming, healthcare, and education. The APAC region is projected to witness substantial growth in the coming years, fueled by rapid urbanization, rising disposable incomes, and increasing penetration of digital devices.South America is expected to experience steady growth, while MEA is anticipated to offer lucrative opportunities due to expanding IT infrastructure and growing awareness about advanced display technologies.
Figure3: Computer Monitor Market, By Regional, 2023 & 2032 (USD billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Computer Monitor Market Key Players And Competitive Insights
Major players in Computer Monitor Market are constantly focused on developing new and innovative products to stay ahead of the competition. Leading Computer Monitor Market players are also investing heavily in research and development to improve the quality and performance of their products. The Computer Monitor Market development is driven by the growing demand for high-quality displays, the increasing popularity of gaming, and the adoption of new technologies such as 4K resolution and HDR. The Computer Monitor Market Competitive Landscape is expected to remain competitive in the coming years as new players enter the market and existing players expand their product offerings.Samsung is a leading player in the Computer Monitor Market. The company offers a wide range of computer monitors, including gaming monitors, curved monitors, and ultra-wide monitors. Samsung is also a leader in the development of new display technologies, such as QLED and HDR. The company's monitors are known for their high quality, performance, and design. Samsung has a strong presence and distribution network, which allows it to reach a wide range of customers.LG is a major competitor in the Computer Monitor Market. The company offers a wide range of computer monitors, including gaming monitors, curved monitors, and ultra-wide monitors. LG is also a leader in the development of new display technologies, such as OLED and Nano IPS. The company's monitors are known for their high quality, performance, and design. LG has a strong presence and distribution network, which allows it to reach a wide range of customers.
Key Companies in the Computer Monitor Market Include
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Lenovo
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Philips
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LG
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Acer
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HP
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ASUS
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NEC
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iiyama
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Samsung
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Dell
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AOC
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ViewSonic
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MSI
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BenQ
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Planar
Computer Monitor Market Developments
The computer monitor market is projected to reach a valuation of USD 55.9 billion by 2032, expanding at a CAGR of 5.44% from 2024 to 2032. The growth of the market is attributed to the increasing demand for high-resolution monitors for gaming, video editing, and graphic design. Additionally, the rising adoption of remote work and online learning is driving the demand for multiple monitors to enhance productivity and efficiency. Furthermore, the advancements in display technologies, such as mini-LED and OLED, are expected to further fuel market growth in the coming years.
Recent news developments in the computer monitor market include the launch of new products with innovative features. For instance, in 2023, Dell introduced a 49-inch curved monitor with a resolution of 5120 x 1440 pixels, targeting gamers and content creators. Additionally, Acer unveiled a 28-inch monitor with a 4K resolution and a 160Hz refresh rate, catering to the needs of professional gamers. These product launches indicate the ongoing efforts of manufacturers to meet the evolving demands of consumers.
Computer Monitor Market Segmentation Insights
Computer Monitor Market Display Type Outlook
- Liquid Crystal Display (LCD)
- Light-Emitting Diode (LED)
- Organic Light-Emitting Diode (OLED)
- Quantum Dot Light-Emitting Diode (QLED)
- Plasma Display
Computer Monitor Market Screen Size Outlook
- Below 10 inches
- 10-15 inches
- 15-20 inches
- 20-25 inches
- 25 inches and above
Computer Monitor Market Panel Technology Outlook
- Twisted Nematic (TN)
- In-Plane Switching (IPS)
- Vertical Alignment (VA)
- Plane Line Switching (PLS)
Computer Monitor Market Resolution Outlook
- 1920x1080 (Full HD)
- 2560x1440 (2K)
- 3840x2160 (4K)
- 5120x2880 (5K)
- 7680x4320 (8K)
Computer Monitor Market Curvature Outlook
Computer Monitor Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
32.89(USD Billion) |
| Market Size 2023 |
34.68(USD Billion) |
| Market Size 2032 |
55.9(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.44% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Lenovo, Philips, LG, Acer, HP, ASUS, NEC, iiyama, Samsung, Dell, AOC, ViewSonic, MSI, BenQ, Planar |
| Segments Covered |
Display Type, Screen Size, Panel Technology, Resolution, Curvature, Region |
| Key Market Opportunities |
Growing demand for high refresh rate and curved monitors Rapid adoption of gaming monitors with advanced features Increasing popularity of ultrawide and multimonitor setups Rising demand for monitors with improved ergonomics and design Growing adoption of cloud-based computing and virtual desktops |
| Key Market Dynamics |
Rising demand for higher refresh rates Increased adoption of curved monitors Growing preference for gaming monitors |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Computer Monitor Market was valued at 34.68 billion USD in 2023 and is projected to reach 55.9 billion USD by 2032, growing at a CAGR of 5.44% from 2024 to 2032.
North America held the largest market share in 2023, accounting for 35% of the market.
Asia Pacific is expected to grow at the highest CAGR of 6.1% from 2024 to 2032.
Key applications include gaming, graphic designing, office work, and home entertainment.
Key competitors include Dell, HP, Lenovo, Acer, and Samsung.
Technological advancements such as curved displays, high refresh rates, and improved color accuracy are driving market growth.
Key trends include the increasing demand for larger screen sizes, the adoption of advanced technologies, and the growing popularity of gaming monitors.
Challenges include intense competition, fluctuating raw material prices, and the impact of emerging technologies.
The future outlook is positive, with increasing demand from various applications and the adoption of advanced technologies.
Growth opportunities include the expansion of emerging markets, the development of new technologies, and the growing popularity of cloud gaming.
