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on October 4, 2023
The global Liquid-crystal display Monitors Market is expected to reach a market size of USD 670.5 Million by 2027 and register a high CAGR during the forecast period, according to the latest report by Reports and Data.
Liquid-crystal display Monitors Market revenue is growing significantly due to increasing adoption of TransLiquid-crystal display LED Monitors across government departments and corporates globally. TransLiquid-crystal display LED Monitors are easy to set up, handle, and carry, and also occupy little space, which are major factors users consider before making a purchase.
Demand for TransLiquid-crystal display LED Monitors is growing steadily in IT companies and corporate and private offices. Availability of these LED Monitors with advanced features such as two-in-one monitor, cost-effective touch-based LED Monitors, and stylish TransLiquid-crystal display LED Monitors are factors driving growth of the market. Players in the market are investing in development of more advanced products to cater to changing customer requirements.
In recent years, majority of paper-based records have been converted or digitized. The complete shift to electronic devices by government employees in developing countries is also contributing to growth of the Liquid-crystal display Monitors Market.
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The shift to digitization and the increasing adoption of electronic devices by government employees in developing countries have indeed contributed to the growth of the Liquid-crystal display Monitors Market. Liquid-crystal display LED Monitors offer convenience and flexibility for professionals who need to work on the go or from remote locations. They allow users to expand their screen real estate and enhance productivity.
Regarding the impact of the COVID-19 outbreak on the Liquid-crystal display Monitors Market, it initially experienced adverse effects due to the mass shutdown of factories and the imposition of lockdown measures. These disruptions in the supply chain led to a decrease in production and availability of Liquid-crystal display LED Monitors. Additionally, consumer demand for non-essential products like Liquid-crystal display LED Monitors was temporarily suppressed as people focused on essential goods and services during the pandemic.
However, as the work-from-home trend gained momentum during the pandemic, the demand for Liquid-crystal display LED Monitors started to increase. Many professionals found themselves needing additional display space to efficiently work from home. Liquid-crystal display LED Monitors became a popular solution to create a dual-screen setup or to have a larger display when using laptops or other Liquid-crystal display devices. The flexibility offered by Liquid-crystal display LED Monitors in terms of portability and connectivity made them a valuable tool for remote work.
As lockdown restrictions eased and businesses adapted to remote work arrangements, the demand for Liquid-crystal display LED Monitors continued to grow. The work-from-home trend has persisted even after the pandemic, with many organizations adopting hybrid work models that combine remote and office-based work. This ongoing shift in work culture has sustained the demand for Liquid-crystal display LED Monitors as professionals seek to create productive and ergonomic workspaces in various locations.
some leading companies operating in the global Keyword market:
Dell Inc., HP Inc., AOC, LLC, ASUS Computer International, Inc., LG Electronics Inc., Gechic Corporation, Acer Inc., ViewSonic Corporation, BenQ Corporation, and Samsung Electronics Ltd.
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The global market is further segmented into type and application:
Screen Size Outlook (Revenue, USD Million; 2017-2027)
- Under 14 Inch
- 14 Inch – 20 Inch
- Above 20 Inch
Display Outlook (Revenue, USD Million; 2017-2027)
- Liquid-crystal display (LED)
- Light-emitting diode (LED)
- Organic Light-Emitting Diode (OLED)
Connectivity Outlook (Revenue, USD Million; 2017-2027)
- Video Graphics Array (VGA)
- Universal Serial Bus (USB)
- High-Definition Multimedia Interface (HDMI)
End-use Outlook (Revenue, USD Million; 2017-2027)
- Residential
- Commercial
- Industrial
Sales channel Outlook (Revenue, USD Million; 2017-2027)
- Retail Stores
- Online
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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