Market Size of North America Computer Monitor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Computer Monitor Market Analysis
The North America Computer Monitor Market is expected to grow by registering a CAGR of 4.5% during the forecast period (2022 - 2027). Apart from the increasing contribution of the ICT sector, the gaming industry is significantly driving the demand for computer monitors in the North American region.
- As computers have been on the frontlines of the technological advancements propelling robust growth of the digital economy and advanced technologies, the demand has witnessed an upward trend. For instance, in its federal budget in April 2021, the Canadian government announced that it would give USD 185 million to support the commercialization of AI research.
- Being a developed region, North America is known to have a higher penetration of digital technologies. For instance, according to UNCTAD digital economy report 2021, the United States and China stand out as the front runners in harnessing digital technologies. Together, these countries account for about 50% of the world's hyper-scale data centers, the highest rates of 5G adoption in the world, 94 percent of all funding of AI start-ups in the past five years, and almost 90 percent of the market capitalization of the world's largest digital platforms.
- Furthermore, the gaming industry of the North American region is also among the largest. Hence, the industry significantly impacted the demand for computer monitors in the region. Considering such trends, the vendors are increasingly offering monitors that are gaming friendly. For instance, in March 2022, ViewSonic launched its new VX1755 monitor.
- However, the increasing popularity of mobile devices that are becoming more powerful and performance intensive day by day is expected to challenge the growth of the studied market.
- The global outbreak of COVID-19 has significantly impacted the growth of the studied market. Although the demand for computer monitors increased due to shifting toward remote working culture, disruptions in the supply chain significantly impacted the supply. However, with the condition progressing normally, the market is expected to register growth during the forecast period.
