Professional Monitors Market Size, Share, Growth, and Industry Analysis, By Type (Less Than 17”, 17-25”, and More than 25”), By Application (Studio Applications and Field Applications), Regional Insights and Forecast To 2032

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PROFESSIONAL MONITORS MARKET REPORT OVERVIEW

global professional monitors market size was USD 1.13 billion in 2023 and market is projected to touch USD 1.82 billion by 2032 at CAGR 5.4% during the forecast period.

A professional monitor is a display device similar to a television set, but it serves the specific purpose of monitoring the output of video-generating equipment. This equipment can include video servers, integrated receiver-decoders (IRDs), video cameras, VCRs, DVD players, and more. Unlike a regular television set, a video monitor lacks a built-in tuner for receiving over-the-air broadcasts.

These monitors are commonly utilized in television stations, television studios, production trucks, and outside broadcast vehicles. Broadcast engineers rely on these monitors for confidence checking and quality control of both analog and digital signals within the broadcasting system.

COVID-19 IMPACT

"Limited Manufacturing Capacity Descended Monitor Production"

The global COVID-19 pandemic has been unprecedented and staggering, with the professional monitors market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The market for professional monitors experienced a slowdown in the market demand and supply chains due to the COVID-19 pandemic. The restrictions over the entire manufacturing industry also disrupted the production of professional monitors. However, post-pandemic, the market experienced a rise in the demand for these monitors and is predicted to continue to inflate in the future due to work from home trend.

LATEST TRENDS

"OLED and 8K Technology is Amplifying Scope for Professional Monitors"

The professional monitor market is continuously evolving with constantly emerging technology with enhanced display quality, high resolution, and other features. Lately, 4K and 8K, high refresh rates, and HDR technology for improved contrast and colour accuracy have been gaining traction in the market and changing its dynamics. Along with this, OLED displays, and touch-screen display monitors are one of the latest trends. In addition, manufacturers are constantly investing in research and development to innovate new products equipped with these features.

For instance, in September 2021: Sony India announced the inaugural launch of BRAVIA Professional Displays with the BZ series, offering outstanding features and rock-solid reliability that B2B users demand from the best professional products. Combining bright, beautiful 4K HDR pictures with business-friendly features, the new professional displays demonstrate Sony’s commitment to exemplary design and innovation that fulfills both form and function.

PROFESSIONAL MONITORS MARKET SEGMENTATION

By Type

According to type, the market can be bifurcated into Less Than 17”, 17-25”, and More than 25”

By Application

Based on application, the market can be divided into Studio Applications and Field Applications.

DRIVING FACTORS

"Growing Gaming Industry to Augments the Market Growth"

The growing gaming industry is one of the prominent factors to spike the demand for professional monitors. In recent years, the video gaming industry has been booming exponentially with advanced technology in visuals, amination, and graphics designing that require these professional monitors. These monitors are cost-effective offer high-resolution display quality and provide a better gaming experience. Likewise, the trend of having a personal gaming studio is also expected to accelerate the professional monitors market growth.

"Rising Demand from Creative Professionals to Boost Market Development"

Another driving factor of the market can be the increasing demand from creative professionals who need large-size displays or monitors. For instance, graphic designers, video editors, photographers, and other creative professionals require high-quality displays with precise colour accuracy, resolution, and image quality for their work. Therefore, the demand for professional monitors from this segment is expected to remain a significant driver over this forecast period.

RESTRAINING FACTOR

"High Cost to Hamper Market Expansion"

Along with the growth factors, the market has some restraints that can lead to challenges for the market development. One of the major factors is the high coast of these monitors. High-quality professional monitors can be expensive particularly, for small businesses and professionals. Thus, this challenge can limit adoption and hinder market growth.

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PROFESSIONAL MONITORS MARKET REGIONAL INSIGHTS

"Asia Pacific to Lead the Market owing to the Robust Manufacturing Sector"

The Asia Pacific region is considered to be the leading market for professional monitors. The existence of the largest manufacturing industry of electronic devices and components in countries including Japan, South Korea, and China plays a vital role in the leading position of the market. Many of the world's leading display manufacturers’ headquarters are in this region. Additionally, Asia Pacific has been witnessing excessive demand for professional monitors across various industries and accounts for the largest professional monitors market shares in the global marketplace.

KEY INDUSTRY PLAYERS

"Key Companies Invest in R&D to Add New Features to their Products to Stay Ahead of the Competition"

Leading companies in the professional monitors market maintain their positions by staying at the forefront of innovation and ensuring product quality. They adapt to market trends, engage in extensive market research, and offer customization to meet diverse industry needs. As well as a strong distribution network, competitive pricing, and global presence and a commitment to sustainability aid them. Building and protecting their brand image, fostering strategic partnerships, and staying compliant with industry regulations further solidify their market positions.

List of Top Professional Monitors Companies

• Sony (Japan)
• Panasonic (Japan)
• JVC (Japan)
• Ikegami (Japan)
• Marshall (U.S.)
• TVLogic (South Korea)
• Canon (Japan)
• Planar (U.S.)
• Lilliput (China)
• Blackmagic Design (U.S.)
• Tote Vision (U.S.)

REPORT COVERAGE

This report defines the professional monitors market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.