The computer monitor market size is expected to grow from USD 44.67 billion in 2024 to USD 58 billion by 2029, registering a CAGR of 5.36% during the forecast period.
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 sectore computer monitor sector.
The computer monitor market is moderately fragmented. The demand for high refresh rate monitors in the gaming industry and the growing adoption of LCD and 4K displays provide lucrative opportunities in the computer market. Overall, the competitive rivalry among the existing competitors is high due to the presence of key players such as Dell Technologies Inc., HP Inc., Lenovo Group Limited, Samsung Group, and Acer Inc. Furthermore, these players are adopting strategies, such as product launches and innovation, to gain a competitive edge in the market.
In June 2023, HP announced the introduction of a range of accessories such as a vertical mouse, a 45-inch curved monitor, a 4k webcam, earbuds, and a Thunderbolt G4 dock to support the customer's fast-evolving lifestyle in India. The all-new HP 45-inch curved monitor is an immersive 45-inch diagonal, dual QHD, 1500R curved monitor with a 165Hz refresh rate to provide a more expansive field of view and enable a comfortable viewing angle for the customer. Through this launch, the company aims to increase productivity and offer a hybrid work experience to customers.
In May 2023, Samsung Electronics announced to launch of its full 2023 Smart Monitor lineup. The new M5, M7, and M8 Smart Monitors (M50C, M70C, M80C) will help users customize their monitors to their distinctive styles and needs as they work, watch, and play. Through this introduction, the company aims to offer the best of gaming and entertainment, design, productivity, and personalized convenience and comfort.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook