Computer Monitor Market Size

PC Monitor Market Analysis

The Computer Monitor Market size is estimated at USD 44.67 billion in 2024, and is expected to reach USD 58 billion by 2029, growing at a CAGR of 5.36% during the forecast period (2024-2029).

One of the main factors that has driven the development of the computer monitor industry is the increasing use of LED screens on TV sets, as well as Digital Signage solutions. In addition, there will be likely to be increased market opportunities due to considerable technological progress in the computer monitor sector.

• The continued expansion of demand for computer monitors is expected to be impeded by the increasing popularity of smartphones. Smartphones, which are increasingly used for computer tasks, can play a larger role. As consumers are upgrading their mobile phones faster than computers or laptops, the efficiency gap between laptops and cell phones is widening. According to a Samsung-commissioned study, the number of smartphones would increase by 9% each year, reaching 7.2 billion by 2023.
• The growing demand for consumer electronics, including computer peripherals, like displays for desktops at universities, colleges, and offices, is one of the main factors contributing to market growth. In addition, contemporary computer displays have higher response times that describe the time required for individual pixels to adjust color, and this increases product demand even more.
• Moreover, the display may make it easier to set up a workstation and reduce demand for expensive desktop docking stations by introducing innovations such as USB Type C, which will enable market participants to take advantage of huge opportunities.
• In September 2022, Lenovo announced the introduction of the Lenovo Legion Y32p-30 monitor, offering elevated, hybrid-ready features to fit the modern workforce. Through this introduction, the company aims to provide better productivity and efficiency to customers doing work from home.
• A new range of products incorporating essential features, such as an in-built video camera, is now being launched by market players following the recent trend to work from home. In particular, Dell recently launched a variety of new business laptops, Optiplex computers, and monitors designed to be used in videoconferencing.
• However, the decline in demand for displays from the retail sector is projected to hamper the computer monitor market growth.
• During the pandemic, remote work made it possible for firms to develop new strategies. In particular, TCS announced during the COVID-19 pandemic that it would increase its productivity by outsourcing work. Accordingly, by 2025, the company has announced that one-third of its workforce will be able to work remotely. Such initiatives could lead to reductions in office space construction, which would put a brake on the computer monitor market.