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The global computer monitor market is on the rise as an outcome of an increasing demand from the gaming industry and trends of remote work. Computer monitors provide crisp resolution displays for gaming, business applications, and design-oriented work that are crucial for personal and professional uses.
Advances in display technology such as OLED and curved screens improve user experience; at the same time, the increasing demand for 4K monitors for professional and gaming applications serves as a driving factor for its growth.
Remote Work, E-learning, and Gaming Drive Monitor Market Growth
The switch to remote work and the massive jump in e-learning have greatly increased the demand for quality monitors. In the Netherlands, 25% of monitors are given over to telecommuting. One percentage point alone shows their value in professional settings. Precisely at the crucial moment for OLEDs, technological advances such as high-refresh-rate liquid-crystal displays have pushed the monitor market forward. South Korea, for instance, is the leader in OLED adoption: a full 20% of its monitors now boast this over and above OLED-picture quality. The gaming industry is another major source of demand. In the US, 34% of monitors are dedicated to games; Japan is served by 35%. All these are trends that show some expansion in professional and entertainment usage.
Smart Devices, Eye Strain, and Economy Restrain Market Growth
Firstly, people are opting for smartphones and tablets, leading to declining dependence on computer monitors, perhaps detracting from market demand. Additionally, since screen time is becoming a concern due to eye strain, it could influence consumer choice in favor of the more beneficial alternatives, especially in professional or educational settings. Economic uncertainties also pose a challenge, wherein disposable income fluctuations could lessen demand for high-end monitors and thus restrict market growth.
Asia-Pacific's Strong Manufacturing Drives Market Growth and Innovation
The Asia Pacific emerging market presents vast opportunities. The manufacturing potential is glaringly evident, with 70% of monitors produced in China. Added to this is the fact that Taiwan exports 60% of its monitors worldwide, thus establishing its relevance as a major supplier. Energy-efficient and high-performance innovations have found their way into consumers' choices, which include OLED and 4K monitors. Smart technology features and IoT connectivity in monitors fit well with the current smart-home-and-office approach, augmenting their market potential.
The report covers the following key insights:
Segmentation
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By Display Type |
By Screen Size |
By Panel Technology |
By Resolution |
By Curvature |
By Geography |
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By display type, the market is divided into liquid crystal display (LCD), light-emitting diode (LED), organic light-emitting diode (OLED), quantum dot light-emitting diode (QLED), and plasma display.
LED technologies bedded more than 65% of monitors sold in Europe in 2011, according to the European Commission, thus showcasing their momentum in the marketplace. The long life expectancy and energy efficiency of diodes, coupled with their bright outputs, are all reasons for replacing LCDs; hence, LEDs replace both professionals and consumers effectively with judicious applications.
Even then, OLED monitors are on an expansion path within the premium application market, and in South Korea, the rate of using such technology reaches the high level of 20%, according to the Korea Electronics Association. Their benefits of having great contrast and excellent response times make them an attraction toward and focused interest among gaming and creative professionals. As a result, the market is outrunning the supply and increasing demand for high-end displays. The segment may grow significantly.
By screen size, the market is divided into below 10 inches, 10-15 inches, 15-20 inches, 20-25 inches, and 25 inches and above.
A big monitor is now becoming a trend, especially for gaming and some professional jobs. In North America, 45% of monitor sales are 27 inches and larger. Immersiveness in front of the screen is indicative of a movement. The greatest impact they create is regarding productivity and entertainment.
Medium-sized monitors are indispensable in the office and educational environment. About 28 percent of monitors in Canada are used in the education system, says Statistics Canada, suggesting the importance attached to them in learning. They also combine affordability and functionality best.
By panel technology, the market is divided into twisted nematic (TN), in-plane switching (IPS), vertical alignment (VA), and plane line switching (PLS).
The majority of IPS panels are adopted just due to the preferred high color accuracy and wider viewing angles offered by such displays. 50% of the monitors in Sweden are energy-efficient, as per Swedish Energy Agency. Such technology represents the power-saving benefits associated with IPS. The versatility makes them a perfect fit for both professional and creative work. The segment may lead the market.
Although TN remains a legacy in the field of gaming, it provides fast response times. In Germany, 40% of monitors serve purposes related to professional design work, thus having been indicative of the high demand put in for these monitors with high refresh rates. They are cheap and offer good performance, thus making it possible to use in competitive gaming.
By resolution, the market is divided into 1920x1080 (Full HD), 2560x1440 (2K), 3840x2160 (4K), 5120x2880 (5K), and 7680x4320 (8K).
Full HD, the industry standard resolution, continues to dominate with easy access to most applications, resulting in sustained demand. The resolution is then applied to gaming, business, and general purposes.
High-definition screens are in high demand, particularly on the high ends of the market. In Spain, 12% of monitors are permitted to have 4K resolution and more, where one is driven by the professional as well as the entertainment needs. This also increases the demand for ultra-HD screens that dictate future trends in this market.
By curvature, the market is divided into flat and curved.
Curved monitors are 8% of the total monitor population in Europe, according to Euro Display. Users include gamers, those who use monitors for professional purposes, and those who want to improve their visuals. Further, this trend seems steady and inclined towards taking the use of these devices beyond ergonomics towards immersion. The segment may expand significantly.
Based on geography, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is becoming the market leader due to the level of consumer spending and high demand for gaming devices. According to the U.S. International Trade Commission, the country imports 12.5 million monitors in a year, indicating continuous market action. This inclination toward state-of-the-art display technologies increases the growth of the region.
The Asia Pacific region, in turn, is rapidly climbing the annual growth curve with an increase in income and an expansion of the IT industry. 70 percent of the demand for monitors is produced by China locally, while 50 percent are consumed in urban parts of India. A good showcase of how rapidly the region is sharing the global role in monitor production and sales.
Europe still possesses a strong footing in terms of advances in technology and green projects. France manufactures 55 percent of the monitors it uses within the EU boundaries, according to the Ministry of Economy, Finance and Industrial and Digital Sovereignty, boosting itself into a regional footing. Sustainability and innovation now consolidate Europe's strongholds with regard to competition.
The report includes the profiles of the following key players:
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