#Global #Computer #Monitor #Market #Reach #Billion
Portland, OR, Oct. 07, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global computer monitor market generated $39.3 billion in 2021, and is projected to reach $76 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $39.3 billion |
| Market Size in 2031 | $76 billion |
| CAGR | 6.9% |
| No. of Pages in Report | 195 |
| Segments Covered | Size, type, application, and region |
| Drivers | Increase in the standard of living |
| Increase in the usage of LED displays for various applications | |
| Opportunities | Increase in the number of online shoppers |
| Growing adoption of foldable and flexible displays | |
| Restrains | Decline in demand for displays from retail sector |
COVID-19 Scenario:
- The outbreak of COVID-19 pandemic has had a negative impact on the growth of the global computer monitor market, owing to the occurrence of lockdowns in numerous countries around the world.
- Lockdowns resulted in the closure of various manufacturing facilities and retail stores, including those of electronics items, which severely impacted the growth of the market.
- In addition, shortage of workforce and essential raw materials due to ban on import and export of items further aggravated the impact on the market.
- These restrictions were imposed by the government to curb the…
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