The portable monitor market is poised for remarkable growth and is projected to achieve a robust CAGR of 25% throughout the forecast period. Anticipated to soar to an impressive valuation of US$ 2,479.6 Million by 2033, the market is experiencing a surge in demand. This surge can be attributed to the increasing trend of remote work and the growing need for on-the-go display solutions. Portable monitors have become indispensable for professionals and enthusiasts alike, providing a flexible and convenient way to extend screen real estate.
The market’s upward trajectory is further fueled by advancements in technology, resulting in thinner, lighter, and more feature-rich portable monitors that cater to the evolving demands of a dynamic workforce. As the global landscape continues to embrace a hybrid work model, the portable monitor market is well-positioned to thrive in the coming years.
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The market for portable monitors is expanding steadily since everyone who needs to use a monitor may use them and they have a variety of requirements. The factors that are anticipated to boost the growth of the portable monitor market include the expanding availability of two-in-one portable monitors, affordable touch-based portable monitors, and decreased costs of lightweight and thin laptop monitors.
Portable Monitor Market: Drivers and Restraints
Minimal wastage of power is one of the major factors driving the growth of the portable monitors market:
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 growth of the portable monitor market.
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 portable monitor market. Some more factors driving the growth of the market are its easy setup and assembly, sleek design, and durability.
High rates of portable monitors are one of the major factors restraining the growth of the market:
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 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.
Moreover, 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 market.
Portable Monitor Market: Regional overview
North America and Europe are expected to account for the majority of the portable monitor market share attributed to the presence of a 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.
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