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Portable Monitor Market

Global Market Study on Portable Monitors: Technological Advancements and Cost-effectiveness Driving Market Growth

Portable Monitors Market Segmented By Portable Gaming Monitor, Portable Monitor Shipments, Desktop Monitor, Portable Medical Devices

Portable Monitor Market Outlook (2023-2033)

The global portable monitor market is estimated to reach US$ 189.4 Mn by 2023 and is forecasted to have a sales revenue of US$ 1,433.5 Mn by the end of 2033. The portable monitor market is predicted to progress at a CAGR of 22.4%. from 2023-33.

The term "portable monitor" refers to a display that may be linked to any laptop, desktop computer, or cell phone. They are a more portable, lightweight alternative to external monitors and are a fantastic choice for anyone who needs a larger screen display. The adoption of portable monitors with cutting-edge capabilities and features, such as USB connectivity, audio jack, battery saving mode, and other features, is the main driver of market growth. Currently, portable monitors are available in sizes appropriate for both household and commercial use. The high-resolution display and video quality of these portable monitors make them more appealing to the gaming community as well.

As of 2022, global demand for the portable monitor market is a valuation of US$ 156.8 Mn. Touchscreen technology is incorporated into portable monitors to improve user experience. It is predicted that the availability of various sizes and cutting-edge features would hasten their adoption in the upcoming years. Portable monitors do not have any major functional defects, but one of the primary factors limiting market growth is the high cost of these displays when compared to conventional monitors.

The market in North America held the largest market share of 29.40% in 2022 and is expected to retain its dominant position throughout the forecast period and demand for the Portable Monitor Market in Europe region held 21.1% value share in the global market in 2022.

Portable Monitor Market Size (2023)

US$ 189.4 Mn

Projected Market Value (2033)

US$ 1,433.5 Mn

Global Market Growth Rate (2023-2033)

22.4%

LED Portable Monitors Market Share (2022)

40.4%

US Market Share (2022)

29.4%

Sale of Portable Monitors through Retail Stores Market Share (2022)

52.3%

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Why is Portable Monitor Market Popular in Monitor Market?

“Handling and portability is the Primarily Attributed to Rising Demand for The Portable Monitor Market”

One of the main elements influencing portable monitor sales is their ease of handling and portability. They are also simple to store and take up little room. Another factor driving the increase in sales of portable monitors is the extremely low power consumption of these displays due to their USB power source, which also results in very little power waste. The demand for portable monitors is being driven by several important industry trends, such as how compact and lightweight they are, as well as how simple it is to connect them to most electronic devices.

  • In Oct 2022, Nex Computer introduces the NexPad, a portable monitor that fits on top of a laptop screen. By connecting numerous cell phones to the inventive NexPad's USB-C connector, you can also get the most out of them. Strong magnets included inside the NexPad allow smartphones to install safety as a secondary screen.
  • In July 2022, In Europe, the Philips Portable Monitor has just been introduced. The device's 15.6-inch screen features a 1920 x 1080 pixel resolution. You can watch high-definition videos by connecting your smartphone or laptop to the 16:9 gadget via USB-C and USB-A connections. The portable device may be turned 90 ° to your personal viewing position and weighs 1 kg (approx 2.27 lbs).
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Which factor is driving the Opportunity in the U.S. for Portable Monitor Sales?

“Rising Demand for Portable Monitor in US Market”

Due to the significant presence of numerous producers in the country, the U.S. now has the largest market for portable monitors. The tremendous growth in demand for portable monitors for a variety of end uses, including residential, commercial, and industrial.

In addition, the U.S. dominates the world market. Major companies in the U.S. use continuous product innovation as their primary strategy to grow their client base and market share. Manufacturers of portable monitors with headquarters in the United States are committed to distributing technical developments and affordable monitors throughout the nation. Due to these reasons, in 2022, the U.S. Portable Monitor Market companies helped the country to account for a dominant share of 18.40% in the global marketplace.

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Which Countries in Asia Have the High Global CAGR for the Portable Monitor Market?

“India has high global CAGR for Portable Monitor Market”

Due to an increase in industrial automation, a shifting manufacturing environment across many verticals, and government measures to attract more foreign investment, the manufacturing industry is one of India's fastest-growing industries, and this trend is anticipated to continue. Portable monitors now include features like high-resolution displays and video quality, as well as models in a variety of sizes and weights, which is boosting their sales in India.

The CAGR for India's adoption of portable monitor market is predicted to be around 23.8%.

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Which Countries in Europe have the high global Markets for Portable Monitor Market?

“Germany Has a High Global Market Share in The Europe Region”

Germany's market is dominating because these monitors have a variety of specifications and are accessible to all users. Furthermore, the automobile industry is rapidly utilizing rugged displays for HMI applications and remote monitoring, which is further expanding the market in Europe.

Due to government initiatives to promote the expansion of this industry and investments made in the nation by foreign companies like AsusTek Computer Inc., BenQ Europe B.V., and LG Electronics, among others, Germany is currently dominating the European market. The growing emphasis on automation and the developing IoT industry are driving up demand for portable monitors.

Due to this reason, the portable monitor market for Germany in 2022 held a market share of 10.70% in the global Portable Monitor Market.

Category-wise Insights

Which Display Technology Segment of the Portable Monitor Market Held the Largest Market Share?

“LED Portable Monitors segment of the component allows to Have the Larger Market Share”

When it comes to displaying technologies, LED portable monitors have the highest market share. An array of light-emitting diodes are used as pixels in portable LED monitors, which are flat-panel displays. LED portable monitors are quite popular since they are small, auto-rotate, affordable, and facilitate multitasking with great productivity.

In 2022, the LED Portable Monitors market share was estimated to dominate the global market and account for 40.4% of the total market value share.

Which Sales Channel Segment of the Portable Monitor Market Holds a Larger Share Market?

“Sale of Portable Monitors through Retail Stores Segment Holds a Larger Share Market”

In 2022, it was estimated that the large enterprise category will account for 48.3% of the market share with a CAGR of more than 25.5% over the forecast period

Growing Internet penetration has resulted in the development of e-Commerce as a simple and convenient sales channel for a variety of products, including portable monitors. Sales of portable monitor goods through this channel have increased as a result.

A further element driving increasing online sales of various electrical accessories is the increased adoption of computers, cell phones, and e-commerce apps. Due to the many discounts that these sales channels offer, as well as the convenience of comparing brands and features, customers are more likely to purchase portable gadgets, adapters, chargers, etc. from online sites.

Competitive Landscape

It is estimated that these market participants will lead the portable monitor market by launching new products and expanding internationally. Key participants' key business strategy is to collaborate with other businesses involved in digital technologies and digital transformation to improve their portable monitor products and increase sales.

  • In October 2020, AOC has introduced the AIC 16T2 portable USB-C touch screen monitor, which features a 15.6-inch IPS touch panel, FHD resolution, and an 8000mAh battery.
  • In December 2020, ViewSonic Corporation announced a collaboration with TUV SUD to evaluate a colour blindness feature in monitors. It has two modes, including simulation mode for designers to provide a color blindness-friendly experience and color filter mode for individuals with color vision defects.

Recent developments related to key players providing the Portable Monitor Market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Portable Monitor Market Report Scope

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2018-2022

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Screen Size
  • Display Technology
  • End User
  • Sales Channel
  • Region

Key Companies Profiled

  • HP Inc.
  • AsusTek Computer Inc.
  • LG Electronics
  • Samsung Electronics Co., Ltd.
  • Lenovo Group Limited
  • ViewSonic Corporation
  • AOC Systems Inc.
  • Dell
  • Acer Inc.
  • MSI
  • BenQ

Pricing

Available upon Request

Key Segments of Portable Monitor Market Research

By Screen Size:

  • Under 14 Inch Portable Monitors
  • 14 Inch - 20 Inch Portable Monitors
  • Above 20 Inch Portable Monitors

By Display Technology:

  • LCD Portable Monitors
  • LED Portable Monitors
  • OLED Portable Monitors

By End User:

  • Portable Monitors for Residential Use
  • Portable Monitors for Commercial Use
  • Portable Monitors for Industrial Use

By Sales Channel:

  • Sale of Portable Monitors through Online/e-Commerce
  • Sale of Portable Monitors through Retail Stores

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

- Companies Covered in This Report -

  • HP Inc.
  • AsusTek Computer Inc.
  • LG Electronics
  • Samsung Electronics Co., Ltd.
  • Lenovo Group Limited
  • ViewSonic Corporation
  • AOC Systems Inc.
  • Dell
  • Acer Inc.
  • MSI
  • BenQ

- Frequently Asked Questions -

In 2022, demand for the Portable Monitor Market amounted to US$ 156.8 Mn.

The global Portable Monitor Market is estimated to grow at a CAGR of 22.4% over the forecast period.

The market for Portable Monitor Market is forecasted to have a market value of US$ 1,433.5 Mn by 2033.

Demand for the Portable Monitor Market in India is projected to rise at 23.8% CAGR over the forecast period.

In 2022, North America Portable Monitor Market held a dominant market share of 29.4%.

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