Global PC Monitor Market was valued at USD 4.2 Billion in 2022 and is projected to reach USD 6.1 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The global PC monitor market has experienced a notable resurgence, achieving a 5.9% year-over-year growth in unit shipments during the second quarter of 2024. This marks the third consecutive quarter of positive growth, signaling a recovery after the declines observed in 2022 and 2023.
Several factors have contributed to this upward trend:
Inventory Restocking: Manufacturers have been replenishing their inventories, particularly in the consumer segment, to meet the rising demand.
Anticipation of Cost Increases: To mitigate anticipated cost escalations due to panel price increases starting in April, companies have accelerated their production schedules.
Advancements in Refresh Rates: There's been a significant shift from 60 Hz to 100 Hz panels, as the costs for faster panels have reached parity, enhancing the consumer viewing experience.
Growth in Gaming Market: The gaming sector has expanded, with gaming monitors accounting for 20% of total shipments in Q2 2024, the highest share since tracking began in 2016.
Reflecting on my personal experience, I recently upgraded to a 100 Hz monitor. The smoother visuals have notably enhanced my productivity and gaming sessions, underscoring the value of investing in higher refresh rate displays.
Looking ahead, the market outlook remains optimistic. With the stabilization of panel and component costs, coupled with the ongoing migration to Windows 11 PCs, the monitor market is projected to grow by over 2% annually through 2025. Key insights for the future include:
Regional Performance: All major regions surpassed forecasts in Q2 2024, except China and Canada.
Consumer Preferences: There's a growing demand for larger screens and higher refresh rates, particularly among gamers.
Commercial Sector: Business migration towards Windows 11 PCs and improving office occupancy are expected to boost commercial monitor purchases.
However, it's worth noting that the commercial monitor market has experienced slower growth compared to the consumer segment. Factors such as subdued commercial device spending and a shift towards flexible office spaces have contributed to this trend. Despite these challenges, the overall market is expected to continue its disciplined recovery, with projections indicating a 4% growth in 2024 and a 2.3% increase in 2025.
In conclusion, the PC monitor market is on a promising trajectory, driven by technological advancements and evolving consumer preferences. As someone who has personally benefited from these developments, I can attest to the enhanced user experience that modern monitors provide.
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Dell
Samsung
HP
LG
Asus
Acer
AOC
ViewSonic
BenQ
Phillips
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global PC Monitor Market
Gaming Use
Business Use
Other Use (Student and Household use)
Based on Types the Market is categorized into Below types that held the largest PC Monitor market share In 2023.
LCD
OLED
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global PC Monitor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global PC Monitor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global PC Monitor Market, By Type
6. Global PC Monitor Market, By Application
7. Global PC Monitor Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global PC Monitor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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