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
About the Report
Increasing demand for reliable, USB-powered, and auto-rotatable features in portable monitors from end users is expected to propel market growth over the coming years. Growing need for reliable and cost-effective portable devices, high adoption of portable computer peripherals, and availability of solutions integrated with innovative functionalities and features and other factors leading to surging sales of portable monitors across geographies.
LED portable monitors hold a major portion of the market share, and will continue to do so over the next ten years, at around 70% in 2031.
Persistence Market Research’s revised study covers comprehensive insights about market trends, value (US$ Mn) projections, recent developments, and dynamics in the portable monitors market for the forecast period of 2021-2031.
After the unprecedented events of 2020, it has become important to capture the impact of COVID-19 and recalibrate our findings with the actual market scenario. The report tracks global sales of portable monitors in 20+ high-growth markets, with the regions of East Asia, North America, and Europe leading the way, as far as demand is concerned.
Find Out More about the Report Coverage
- HP Inc.
- AsusTek Computer Inc.
- LG Electronics
- Samsung Electronics
- ViewSonic Corporation
- AOC Systems Inc.
- BenQ Corporation
- Gechic Corporation
- Mobile Pixels
- Toguard Electronics Co.,Ltd.
Historical Trends and Future Market Outlook
In the past few years, portable monitors have gained an enormous interest due to them being cost-effective and numerous technological advancements that have flooded the market. Portable monitor products and services are expected to witness substantially high demand during the forecast period as well owing to advantages such as ease of operation and increasing penetration across the commercial, industrial, and residential sectors.
The market is set to witness even higher growth over the coming years as compared to the historical time period of 2016 to 2020. The global portable monitors market is anticipated to witness growth in revenue from US$ 72.1 Mn in 2020 to over US$ 347 Mn by 2031, expanding at a healthy CAGR of close to 16% through 2031.
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Are Technological Advancements Escalating Portable Monitors Sales?
Continuous developments and implementation of new technologies/products such as portable USB-C monitors and wireless technologies in portable monitors are creating added opportunities for market players. New portable monitor standards enable higher performance and promise convenience for users, as well as simplicity for designers and manufacturers.
Advantages such as improved productivity, low cost, and portable & wireless applications, as well as the ability to integrate them with various electronic devices are primary factors resulting in increasing number of portable monitor manufacturers adopting wireless technologies and applications in new and innovative products.
Integration of technologies such as IoT, machine learning, artificial intelligence, and others can be expected to lead to the development of portable monitors with much more capabilities and improved performance, thereby lending impetus to market growth.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Why is Continuous Innovation and Up-gradation of Product Portfolio a Key Strategy to Market Consolidation?
Continuous innovation and up-gradation of product portfolio by offering solutions for manufacturing individual, personalized, and use-case-specific products can help market players in building a large base of customers.
For instance, in June 2020, AsusTek Computer Inc. announced the launch of the new ZenScreen MB14AC, which is a 14-inch portable monitor with an IPS panel and USB Type-C for connectivity. The IPS panel has a resolution of 1920 × 1080 pixels, and refreshes at 60 Hz.
Introduction of portable monitors has transformed the ways in which products are designed, developed, manufactured, and distributed. Their ability and advantages over traditional manufacturing opens plenty of opportunities for end users, spanning from product design and development, customization services, to restructuring of supply chain for higher efficiency.
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What Does the Future Demand Scenario Look Like for Portable Monitors?
Growth of the market is primarily fueled by the deployment of portable monitors with innovative functionalities and features such as USB connectivity, battery saving mode, audio jack, and other features. Currently, portable monitors are being deployed in sizes suitable for commercial as well as residential use. These portable monitors feature high resolution display and video quality, thus increasing their attractiveness in the gaming community as well.
Portable monitors are integrated with touchscreen technology that enhances user experience. Availability of different sizes and innovative features are estimated to accelerate their adoption over the coming years.
What are the Key Challenges for Portable Monitor Manufacturers?
Portable monitors do not have any major flaws in terms of functionality, but one of the major factors restraining growth of the market is the high cost of these monitors as compared to conventional monitors. Currently, lack of standardization regarding the technology and components used for the manufacturing electronic accessories is a major challenge.
Undefined standards in the market lead to high product and price differentiation, which is expected to hamper market growth to some extent.
How Big is the Opportunity in the U.S. for Portable Monitor Sales?
At present, North America is the largest market for portable monitors, due to the strong presence of various manufacturers in the region. This is attributed to high increase in demand for portable monitors for various end uses such as residential, commercial, and industrial, among others. According to the report, overall spending on portable monitors in the United States alone is likely to increase by more than 11% from 2021 to 2031, with a market value of US$ 20.6 Mn in 2021.
Furthermore, the U.S. is a dominant country in the global market, accounting for around 20%-25% of the market share in 2021. Continuous product innovation is the key strategy of major players in the U.S. to enhance their customer base and market share. U.S.-based portable monitor manufacturers are focused on offering cost-effective monitors along with technological advancements across the country.
Why is Germany a Lucrative Market for Portable Monitors?
The market in Germany is growing progressively as these monitors come with different specifications and can be used by anyone. Moreover, rugged displays are broadly utilized for HMI applications and remote monitoring in the automotive sector, which is creating enormous scope across Europe. The market in Germany is anticipated to be valued around US$ 17 Mn by 2031.
The market is expected to show sustainable growth owing to investments by international players such as AsusTek Computer Inc., BenQ Europe B.V., and LG Electronics, among others, in the country, and government initiatives to support the growth of this industry. Demand for portable monitors is increasing due to growing focus on automation and the expanding IoT sector.
Why is Demand for Portable Monitors Surging in China?
China, Japan, and India are creating high potential growth opportunities owing to the availability of cost-effective portable monitors along with technological advancements. Demand for portable monitors from the residential and commercial sectors is growing rapidly across the East Asia region, owing to high number of tier II and tier III manufacturers and providers in the region.
According to the report, overall spending on portable monitors in China alone is likely to increase by over 17% from 2021 to 2031, with a market value of around US$ 7.3 Mn in 2021. Multiple manufacturers are expected to shift or extend their production facilities to the East Asia region, owing to ease of production and larger end-user base. Sales in East Asia are highly dependent on the growth of the consumer electronics and automotive sectors, where portable monitors are extensively used.
Why are Sales of Portable Monitors Rapidly Increasing across India?
The South Asia & Pacific consumer electronics industry is at the expansion stage, and this is expected to continue due to favorable macroeconomic indicators and strong support from governments in countries such as Indonesia, India, and Australia, among others. The market for portable monitors in India is anticipated to witness growth in revenue from around US$ 3.6 Mn in 2020 to US$ 43.3 Mn by 2031.
The manufacturing sector is one of the high-growth sectors in India, and this is expected to continue owing to rise in industrial automation, changing manufacturing landscape across various verticals, and government initiatives to attract more foreign investments. Advanced portable monitors have added features such as high resolution display and video quality, availability of different sizes, and lightweight models, which is surging their sales across India
What’s the Market Share of 14 – 20 Inch Screen Size Portable Monitors?
According to screen size, the market is segmented as under 14 inches, 14 inches – 20 inches, and above 20 inches. 14 inch - 20 inch screen size portable monitors are expected to account for a relatively high CAGR of close to 17% over the forecast period, and also the largest market share.
These screen sizes offer different features such as USB-powered, lightweight, flexible, and a better viewing experience. The reliability of such features is driving their demand across regions.
Why is LED Display Technology Most Sought-after?
Among the display technologies, LED is expected to register a noteworthy CAGR of more than 17% over the forecast period, and create an incremental opportunity of around US$ 192 Mn by 2031.
Portable LED monitors are flat panel displays that use an array of light-emitting diodes as pixels for video display. LED portable monitors are compact and auto rotate, cost-effective, and supports high-productivity multitasking, which makes them highly sought-after.
What’s the Market Share of Commercial End User of Portable Monitors?
Among the end user segments, the market is segmented as residential, commercial, and industrial. The commercial end user segment is currently dominating the market, and is estimated to hold a market share of around 58% by the end of the forecast period.
The market is driven by rising adoption of desktop and laptop computers by different commercial end users such as business enterprises and government organizations, among others. Over the past few years, most paper-based records have been archived onto electronic storage media, which can be accessed by computers. This trend has increased the demand for portable monitors for various business and management processes.
Why are Sales of Portable Monitors Rising through Online/e-Commerce Sales Channels?
Growing Internet penetration across the globe has led to the emergence of e-Commerce as an easy-to-access and convenient sales channel for a range of products, including portable monitors. This has surged the sales of portable monitor products via this channel.
Increased adoption of laptops, smartphones, and e-Commerce apps is another factor leading to higher online sales of various electronic accessories. Consumers are inclined toward purchasing portable devices, adapters, chargers, etc., from online stores, due to various discounts offered by these sales channels, besides easy comparison of brands and features.
Major strategy of key players lies in partnering with other companies dealing in digital technologies and digital transformation to upgrade their portable monitor products and gain revenue and traction in the.
For instance, in December 2020, ViewSonic Corporation announced a partnership with TUV SUD to develop the testing of a color blindness feature in monitors. It consists of two modes such as color filter mode for color vision deficiency users and simulation mode for creators to deliver a color blindness-friendly experience.
Portable monitor manufacturers are focusing on product recognition as well as various certifications to expand their product offerings and gain a competitive edge in this space. Collaborative developments via partnerships between research institutes and industry players are expected to pave the way for the development of innovative and commercially viable products.
Some of the leading companies operating in the market are:
- HP Inc.
- AsusTek Computer Inc.
- LG Electronics
- Samsung Electronics Co., Ltd.
- Lenovo Group Limited
- ViewSonic Corporation
- AOC Systems Inc.
- Acer Inc.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report.
Scope of Report
Historical Data Available for
USD Million for Value and Units for Volume
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Available upon Request
Market Segmentation by Category
- Under 14 Inch Portable Monitors
- 14 Inch - 20 Inch Portable Monitors
- Above 20 Inch Portable Monitors
- LCD Portable Monitors
- LED Portable Monitors
- OLED Portable Monitors
- Portable Monitors for Residential Use
- Portable Monitors for Commercial Use
- Portable Monitors for Industrial Use
- Sale of Portable Monitors through Online/e-Commerce
- Sale of Portable Monitors through Retail Stores
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Key Questions Answered in Report
- What are the new technologies/products in portable monitors?
Increasing availability of two-in-one portable monitors, affordable touch-based portable monitors, and reduced prices of lightweight and thin laptop monitors are factors that are expected to drive demand over the coming years.
- What are the major challenges for portable monitor manufacturers?
High rates of portable monitors and lack of standardization across devices are such factors hampering market growth to some extent.
- What are the major trends impacting the sales of portable monitors?
Portable monitors allow mobility for users. Development of portable monitors for minimal wastage of power is driving sales across regions.
- Which are some of the leading companies offering portable monitors?
Some of the leading companies manufacturing portable monitors are HP Inc., AsusTek Computer Inc., LG Electronics, Samsung Electronics Co., Ltd., Lenovo Group Limited, ViewSonic Corporation, AOC Systems Inc., Dell, and Acer Inc.
- Which region is expected to be at forefront in this market?
Portable monitor vendors can take advantage of booming opportunities in South Asia & Pacific countries such as India, Indonesia, Australia, and others.
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