Market Size of Asia Pacific Computer Monitor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Computer Monitor Market Analysis
The Asia Pacific Computer Monitor Market is expected to grow at a CAGR of 5.5% during the forecast period (2022-2027). Given that most computer parts and hardware are manufactured in Southeast Asian countries such as China, Taiwan, and Malaysia, the Asia Pacific region is expected to capture a significant market share. These countries are well-known for large-scale mass production and low-cost assembly labor.
- Displays ranging from billboards to personal computers have consistently grown in size over the years to accommodate users' evolving habits for better viewing and gaming experiences. In addition, the ongoing price drop on monitors equipped with technologies such as 4K encourages people to investigate the benefits of larger modern monitors.
- Although computer monitors with 60Hz refresh rates are common, there has been significant progress in terms of refresh rate, with monitors now supporting 75HZ, 120HZ, 144HZ, and 240HZ refresh rates. In the gaming industry, monitors with 100HZ refresh rates are considered minimum specification criteria for an excellent gaming experience.
- LG India has unveiled its new UltraGear gaming monitor lineup in May 2022. The new UltraGear gaming monitor lineup includes the 32GQ950, 32GQ850, and 48GQ900 models. LG will also launch the LG UltraGear gaming pad and mouse. Fast-paced games necessitate precise control, and the UltraGear gaming pad is large enough to accommodate a mouse and keyboard while also featuring customizable RGB lighting.
- Moreover, LCD monitors with LED technology in slim products that save energy while providing the ideal backlight will be suitable screens in 2022. Furthermore, with the release of various monitors by major companies such as LG, consumers have been waiting for years for a push towards OLED technology for PC monitors, despite the fact that the technology is still considered relatively rare.
- Furthermore, GIGABYTE, Taiwan, announced the launch of the GIGABYTE S55U gaming monitor, the newest addition to GIGABYTE's 4K monitor family, in April 2022. With its massive 54.6-inch UHD quantum dot display, the S55U ushers in a new category of gaming monitors. The computer monitor has high picture sharpness and clarity with an esports-grade 120Hz refresh rate, 2ms GTG response time, and HDMI 2.1 connectivity, with 4K experience.
- Since most tasks can be completed on smartphones, the growing popularity of these devices is limiting the growth of computer monitors. Additionally, there has been a rise in the demand for and sale of computer peripherals, including monitors, laptops, and many others, as a result of the recent COVID-19 pandemic outbreak, the implementation of lockdowns around the globe, and the employee choice to work from home.
