The portable monitor market is likely to record a strong CAGR of 25% during the forecast period. The portable monitor market is currently valued at USD 266.2 million in 2023 and is likely to reach USD 2,479.6 million by 2033.
Report Attributes | Details |
---|---|
Estimated Base Year Value (2023) | USD 266.2 million |
Anticipated Forecast Value (2033) | USD 2,479.6 million |
Projected Growth Rate (2023 to 2033) | 25% CAGR |
Sales of portable monitors have risen as these monitors come with different specifications, and they can be used by anyone who needs to use a monitor. Increased availability of two-in-one portable monitors, affordable touch-based portable monitors, and reduced prices of lightweight and thin laptop monitors are also projected to contribute to the growth of the portable monitor market share.
The report sheds light on the factors improving the sales of portable monitors, and, in turn, the opportunities for market players. The portable monitor market also faces some challenges, which might limit the portable monitor market share from reaching its potential. Some of the key portable monitor market trends promoting the demand for portable monitors include their slim, lightweight, and easy collaboration with most electronic devices.
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Besides being easy to handle and carry around, portable monitors are also easy to store and do not take up too much space, which is one of the key factors driving the sales of portable monitors.
The portable monitors consume very limited power as they are powered by USB, hence these monitors save a lot on energy consumption with minimal waste of power, which is another factor fueling the growth of the sales of portable monitors. Some more factors driving the growth of the market are its easy set-up and assembly, sleek design, and durability.
High rates of portable monitors are one of the major factors restraining the demand for portable monitors.
The portable monitors do not have any major flaws in terms of their functionality but one of the major factors restraining the growth of the market is the high cost of these monitors compared to that of the conventional monitors.
The growing popularity and adoption of tablets and smartphones are expected to restrain the growth of the portable monitor market extensively over the coming years. These portable monitors need extra care when being handled as most of the monitors are extremely fragile, which is another factor hindering the growth of the sales of portable monitors.
North America and Europe are expected to account for the majority of the portable monitor market share attributed to the presence of mature laptop market in these regions.
Asia Pacific is estimated to exhibit high growth over the forecast period owing to the growing corporate sector and rapid industrialization in this region.
The portable monitor market report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.
The key players in the portable monitor market are focusing on enhancing and adopting strategies like enhancing the durability, sizes, and use to thrive in business. This is driving down the sales of portable monitors.
Some of the key participating players indulged in the sales of portable monitors are:
These market players are anticipated to drive the portable monitor market by introducing new products and expanding geographically.
Following are some key strategies and developments in the global portable monitor market:
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Report Attributes | Details |
---|---|
Growth Rate | CAGR of 25% from 2023 to 2033 |
Estimated Base Year Value (2023) | USD 266.2 million |
Anticipated Forecast Value (2033) | USD 2,479.6 million |
Base year for estimation | 2022 |
Historical data | 2018 to 2022 |
Forecast period | 2023 to 2033 |
Quantitative units | Revenue in USD Million and CAGR from 2023 to 2033 |
Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
Segments covered | Connectivity type, End User, Region |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; Middle East & Africa (MEA) |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key companies profiled | HP Inc., ASUS Computer International, Inc., ViewSonic Corporation and others |
Customization & Pricing | Available upon Request |
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The projected revenue of the market by 2033 is USD 2,479.6 million.
The market CAGR for 2033 is projected to be 25%.
The three key portable monitor market players are Asus, Lenovo, and LG.
The market is estimated to secure a valuation of USD 266.2 million in 2023.
The commercial industry is the key portable monitor market.
Estimated Market Size (2024E) | USD 3 billion |
---|---|
Projected Market Value (2034F) | USD 6.19 billion |
Value-based CAGR (2024 to 2034) | 7.6% |
Market Value (2023) | USD 5,006.7 million |
---|---|
Market Value (2033) | USD 11,672.4 million |
Projected Growth Rate (2033) | 8.8% |
Market Size (2023) | USD 15.12 billion |
---|---|
Market Size (2033) | USD 151.29 billion |
Market CAGR (2023 to 2033) | 25.9% |
Market Size (2022) | USD 4.2 Billion |
---|---|
Projected Market Value (2032) | USD 189 Billion |
Global Market CAGR (2022 to 2032) | 46.5% |
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