The global PC monitors and projectors market size was valued at USD 30.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of -0.96% from 2021 to 2028. This can be accredited to the increasing demand for laptops, notebooks in the developed regions such as North America. Strong competition and innovation in technology are impelling price reductions in a variety of consumer electronic product segment including PC monitors and projectors. In addition, an upsurge in internet penetration coupled and high-speed broadband coupled with a rise in the demand for digital learning methods may show some positive impact for this market.
Digitalization in the education sector is on the rise in some countries. For example, in India it is Skill India and Digital India. Moreover, augmented recognition of the aids of digital media in the education sector, such as learning outcomes, and increased engagement may show some positive effects on this market. Furthermore, many market players are partnering with e-commerce platforms to escalate penetration in the untapped markets by promoting sales of their products. Also, the emergence of new technologies in monitors and projectors such as Display Light Processing (DLP), and Liquid Crystal Display (LCD) technologies, may play some positive role in this market.
Increasing investments by market players in the latest technologies and focus on innovative product launches are further projected to boost the industry sales. However, increasing demand for laptops and smartphones is hampering the growth of the market for PC monitors and projectors.
The PC monitors type segment accounted for the largest revenue share of more than 85.0% in 2020. This growth is credited to the increasing demand for these products. PC monitors have advanced display screen resolution features, so they are majorly adopted in gaming application. They offer better experiences for graphical applications, office documents, and movie watching.
The projectors type segment is expected to witness significant growth in the market for PC monitors and projectors during the forecast period. In addition, growing demand for projectors for commercial applications and also in education sector is projected to propel segment growth during the forecast period.
The offline segment dominated the market for PC monitors and projectors and accounted for the highest revenue share of more than 80.0% in 2020. The segment includes specialty stores, hypermarkets, supermarkets, independent retail stores, etc. Structure of the organized retail sector has assured better visibility of consumer electronic products. In addition, the rapidly growing organized retail sector in developing economies, such as China, Malaysia, and Japan, is further estimated to increase the product demand during the forecast period.
The online segment is expected to register the fastest CAGR from 2021 to 2028 in the market for PC monitors and projectors. This can be attributed to the usage and growing popularity of e-commerce platforms. Major manufacturers are partnering with online retailers intending to reach out to new buyers. Also, an increase in sales of PC monitors and projectors mainly through company-owned websites and other e-commerce platforms such as Amazon, Walmart, etc., is further projected to drive the growth of the online distribution channel segment in the coming years.
Asia Pacific dominated the PC monitors & projectors market in 2020 and accounted for the largest revenue share of more than 35.0% in 2020. This can be credited to the growing demand for PC monitors from developing countries, such as China, and Japan for gaming application. The increasing e-learning methods and work from home employment coupled with rising disposable income and middle-class population are chief factors propelling the demand for PC monitors and projectors. Many Chinese companies have entered the market with a partnership with e-commerce platforms to offer products at competitive pricing. This, in turn, will drive the regional market over the forecast period.
In Europe and North America, the market for PC monitors and projectors is estimated to register a significant growth rate from 2021 to 2028 due to the increasing demand for projectors from countries such as U.K., France, and the U.S. for data presentation. Also growing demand for PC monitors for small and medium enterprise is driving the growth of the market in these regions.
Key players are focusing on R&D and introducing innovative products. Furthermore, companies are planning to promote product recycling by reducing e-waste by increasing the usage of eco-friendly components in their products in the coming years and also trying to meet the increasing product demand and government regulations.
Additionally, companies are investing in new manufacturing plants to increase the production capacity and are also collaborating with regional, small-scale manufacturers to increase the geographical reach and client base. Some of the prominent players in the PC monitors and projectors market include:
|
Report Attribute |
Details |
|
Market size value in 2021 |
USD 30.5 billion |
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Revenue forecast in 2028 |
USD 28.5 billion |
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Growth rate |
CAGR of -0.96% from 2021 to 2028 |
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Base year for estimation |
2020 |
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Historical data |
2017 - 2019 |
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Forecast period |
2021 - 2028 |
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Quantitative units |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Type, distribution channel, region |
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Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
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Country scope |
U.S.; Germany; U.K.; France; China; Japan; South Africa; Brazil |
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Key companies profiled |
Apple Inc.; Samsung Electronics Co. Ltd.; Dell Technologies; Hitachi, Ltd.; Lenovo; HP Inc.; Acer Group; Seiko Epson Corporation; BenQ Materials Corporation |
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Customization scope |
Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional, and segment scope. |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global PC monitors & projectors market report on the basis of type, distribution channel, and region:
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