Market Size of Europe Computer Monitor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.24 % |
| Fastest Growing Market | Europe |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Computer Monitor Market Analysis
The Europe Computer Monitor market is valued at USD 5.53 billion this year. It is expected to register a CAGR of 2.24% during the forecast period, reaching USD 6.38 billion in five years. With the increasing trend of working from home, there has been an increase in demand for computer accessories, such as monitors and laptops.
- Computing has evolved dramatically worldwide due to technological advancements and the introduction of startling and inventive items on the market. It has resulted in the need for extensive and better screens that focus on monitor ergonomics, such as total size, weight, and energy usage, among other things. The growing popularity of virtual gaming is also propelling the business forward.
- People's spending on computers and displays has increased drastically as the IT industry has grown. The market's growth is fueled by increased technology usage to stay productive, communicate, enjoy, and study through larger displays. The emergence of competitive gaming platforms such as e-sports and the rising popularity of virtual gaming drive demand and growth in the Computer Monitor Market. High industry competition among businesses to embrace better technologies to give users more modern monitors at the lowest feasible price is challenging to overcome in the market.
- Furthermore, by introducing new technologies such as USB Type C, displays may simplify workstations and eliminate the need for expensive and trouble-prone desktop docking stations by providing less clutter and more excellent dependability.
- The introduction of LCD substantially altered monitor ergonomics, including total size, weight, and energy usage, among other things, once displays migrated from technology based on the cathode ray tube to LCD. CRT monitors have been phased out, and LCD monitors dominate the market.
- The rising use of smartphones is a restraining factor to the growth of computer monitors, as most tasks can be performed on such devices. Additionally, with the recent outbreak of the COVID-19 pandemic and the implementation of lockdowns around the world, the employees opting for work for home, there's been a surge in demand and sale of computer peripherals, including monitors, laptops, and many more. Moreover, its immense possible usage in various industries such as education, healthcare, defense, entertainment, hospitality, and others provides a picture of growth opportunities.
