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 "North America Computer Monitor Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
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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.
North America Computer Monitor Industry Segmentation
Computer monitors are a form of output hardware devices that are used to display the computer's data in pictorial form. Over the years, computer monitors have evolved significantly in design and display technology. The report offers a comprehensive analysis of the North American computer monitor market based on the resolution, application, and country segments.
| By Resolution Type | |
| 1366x768 | |
| 1920x1080 | |
| 1536x864 | |
| 1440x900 | |
| 1280x720 | |
| Other Resolutions |
| By Application | |
| Consumer & Commercial | |
| Gaming |
| By Country | |
| United States | |
| Canada |
North America Computer Monitor Market Size Summary
The North America Computer Monitor Market is poised for growth, driven by the burgeoning ICT sector and the expansive gaming industry. As a region with high digital technology penetration, North America, particularly the United States, leads in adopting advanced technologies and digital platforms. The demand for computer monitors is bolstered by the increasing popularity of gaming, with vendors responding by introducing gaming-friendly monitors equipped with features like frame syncing technologies. Despite challenges posed by the rise of powerful mobile devices, the market is expected to expand, supported by innovations and strategic product launches from key players such as Dell, ViewSonic, and others.
The competitive landscape of the North America Computer Monitor Market is characterized by the presence of both established local and global vendors, including HP Inc., Dell Technologies Inc., Samsung Group, and Apple Inc. These companies are employing a mix of organic and inorganic growth strategies to enhance their market presence. The market's growth trajectory is further supported by the United States' status as a leading tech market and its significant consumer base, which drives demand for both gaming and consumer monitors. The ongoing advancements in monitor technology, coupled with the region's robust digital economy, are expected to sustain the market's growth over the forecast period.
North America Computer Monitor Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Resolution Type
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2.1.1 1366x768
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2.1.2 1920x1080
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2.1.3 1536x864
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2.1.4 1440x900
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2.1.5 1280x720
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2.1.6 Other Resolutions
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2.2 By Application
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2.2.1 Consumer & Commercial
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2.2.2 Gaming
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2.3 By Country
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2.3.1 United States
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2.3.2 Canada
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North America Computer Monitor Market Size FAQs
What is the current North America Computer Monitor Market size?
The North America Computer Monitor Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in North America Computer Monitor Market?
HP Inc., Dell Technologies Inc., Lenovo Group Limited, Samsung Group and Apple Inc. are the major companies operating in the North America Computer Monitor Market.
