The market for portable monitors is anticipated to grow quickly during the projected period, with a CAGR of 24.13%. The market for portable monitors is expected to grow to US$ 1,848.51 Million by 2032 from its present value of US$ 212.84 Million in 2022.
The majority of electronic gadgets can easily communicate with portable displays because they are quite light and thin. The portable monitors are made to address these issues because standard monitors are typically heavy and difficult to transport.
USB-powered displays are another name for portable monitors. While the majority of portable monitors are powered by USB ports, some of them are intended to function with HDMI. Therefore, portable monitors are the best choice when using a dual monitor arrangement for a presentation since they make it much easier to set up the display.
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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, the portable monitors are also easy to store and do not take too much of 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 set up and assembly, sleek design and durability.
High rates of the portable monitors is one of the major factors restraining the growth of the market
The portable monitors do not have any major flaws in terms of its functionality but one of the major factors restraining the growth of the market is the high cost of this monitors compared to that of the 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: Competition Landscape
Some of the key players in portable monitor market are HP Inc., ASUS Computer International, Inc., ViewSonic Corporation and others.
Following are some key strategies and developments in the global portable monitor market:
- In May 2019, ASUS unveiled a limited edition ZenScreen Touch portable monitor at Computex 2019 in celebration of the company’s 30th anniversary. This portable monitor weighs just 0.9 kg and is only 9 mm slim. Moreover, it has a rich connectivity with hybrid-signal USB-C and micro-HDMI ports.
- In May 2018, AOC, LLC rolled out a new 15.6-inch portable USB-C monitor, compatible with MacBook and MacBook Pro to provide power and the video signal to the display through a single cable. The monitor is just 8.5 millimeters thick, and weighs less than 1.8 pounds.
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Portable Monitor Market: Regional overview
North America and Europe are expected to account for majority of the portable monitor market share attributed to the presence of 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 assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic 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.
The report covers exhaustive analysis on:
- Portable Monitor Market Segments
- Portable Monitor Market Dynamics
- Portable Monitor Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Technology
- Value Chain of the Market
- Market Drivers and Restraints
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of LATAM)
- Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Rest of Western Europe)
- Eastern Europe (Russia, Poland, Rest of Eastern Europe)
- Japan
- Asia Pacific Excluding Japan (China, India, South Korea, ASEAN, Australia & New Zealand, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)
Portable Monitor Market: Segmentation
The portable monitor market has been segmented on the basis of connectivity type, end user, and region.
The market is segmented on the basis of connectivity type:
- VGA connectivity
- USB connectivity
- HDMI connectivity
The market is segmented on the basis of end user:
- Corporate offices
- Government offices
- Others
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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