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Portable Monitor Market is expected to expand at an impressive CAGR of close to 16% over the forecast period (2021-2031)
As per the revised report by Persistence Market Research, the global portable monitors market is expected to expand at an impressive CAGR of close to 16% over the forecast period (2021-2031).
The COVID-19 pandemic outbreak has disrupted many industries, including the portable monitors industry. The spread of COVID-19 majorly affected sales in Europe , Asia , and North America , and partially in the Middle East , Africa , and Latin America . Several facilities were affected due to the stoppage of production and supply chain-related challenges.
The market faced a slowdown as a result of COVID-19, including effects triggered by self-isolation guidelines, manufacturers moving supply chains away from China , and modifying the material used for production. During the pandemic, production of monitors in China and the U.S. fell by up to 50% - 60% as compared to normal volumes, but recovered as the infection curve fell, and is now back to last year's levels. According to estimates, the market declined during Q3-Q4 of 2020, and is now estimated to recover and return to growth by Q4 of 2021.
Portable monitor manufacturers are deploying budget-friendly solutions that offer best compatibility with laptops. These portable monitors can be quickly and easily plugged into the end-user's laptop or personal computer via a USB. The provision of a secondary monitor improves productivity as the end user can have an additional desktop to work on. End users can also use portable monitors to display a single program on a full screen for presentations and conference communications. Such solutions let primary devices such as laptops or PCs have more display options, no matter the end use.
Manufacturers are integrating innovative features into their portable monitors that enable end users to use a multi-screen setup. Some portable monitor manufacturers are deploying thin and lightweight models that offer the same functionality as the full-sized variants.
A revised market research report published by Persistence Market Research on the global portable monitors market includes global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides valuable insights on the basis of screen size (under 14 inches, 14 inches - 20 inches, and above 20 inches), display technology (LCD, LED, and OLED), end user (residential, commercial, industrial), and sales channel (online/e-Commerce, and retail stores), across six major regions of the world.
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