Monitors And Projectors Market

The global monitors and projectors market is forecasted to see an increase in both volume and value over the period from 2022 to 2030, with a slight growth rate. Consumption of monitors and projectors has fluctuated over the years, with some countries showing significant growth in market size and per capita consumption. Production figures have also seen fluctuations, with some countries experiencing declines in production. Imports and exports of monitors and projectors have shown a downward trend, with China being the major exporter and India being the main importer. Price fluctuations have been observed in both import and export markets, with some countries showing higher average prices compared to others.

Market Forecast

Driven by rising demand for monitors and projectors worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.8% for the period from 2022 to 2030, which is projected to bring the market volume to 101M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market value to $15.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Monitors And Projectors

In 2022, consumption of monitors and projectors increased by 0.1% to 95M units, rising for the third consecutive year after four years of decline. In general, consumption, however, recorded a deep downturn. Over the period under review, global consumption reached the maximum volume at 214M units in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The global monitors and projectors market value contracted slightly to $13B in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a abrupt slump. Over the period under review, the global market attained the peak level at $33.7B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (19M units), Japan (17M units) and India (12M units), together comprising 51% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by India (with a CAGR of +15.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest monitors and projectors markets worldwide were China ($2.6B), Japan ($1.9B) and the United States ($1.6B), together accounting for 47% of the global market. India, Russia, France, Indonesia, Singapore and Germany lagged somewhat behind, together comprising a further 18%.

India, with a CAGR of +6.6%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of monitors and projectors per capita consumption in 2022 were Singapore (252 units per 1000 persons), Japan (136 units per 1000 persons) and France (49 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +14.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Monitors And Projectors

Global monitors and projectors production dropped modestly to 70M units in 2022, waning by -2.5% on the year before. Over the period under review, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 33% against the previous year. As a result, production attained the peak volume of 168M units. From 2016 to 2022, global production growth remained at a somewhat lower figure.

In value terms, monitors and projectors production expanded modestly to $11.1B in 2022 estimated in export price. In general, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 29%. As a result, production attained the peak level of $24.9B. From 2016 to 2022, global production growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (20M units), Japan (13M units) and the United States (11M units), with a combined 62% share of global production.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +31.5%), while production for the other global leaders experienced a decline in the production figures.

Imports

World Imports of Monitors And Projectors

In 2022, approx. 27M units of monitors and projectors were imported worldwide; surging by 6.7% against 2021. Over the period under review, imports, however, saw a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 50% against the previous year. Global imports peaked at 174M units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, monitors and projectors imports totaled $2.5B in 2022. Overall, imports, however, continue to indicate a drastic downturn. Over the period under review, global imports hit record highs at $16B in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

India was the main importer of monitors and projectors in the world, with the volume of imports finishing at 12M units, which was approx. 44% of total imports in 2022. Japan (4.1M units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by France (12%) and Singapore (6.1%). Italy (908K units) and Norway (617K units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the monitors and projectors imports, with a CAGR of +16.7% from 2012 to 2022. At the same time, Norway (+4.1%) and France (+3.2%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Singapore (-4.8%) and Italy (-7.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Japan, France, Singapore, Italy and Norway increased by +43, +13, +11, +4.6, +2.2 and +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($483M), India ($417M) and Japan ($387M) constituted the countries with the highest levels of imports in 2022, with a combined 51% share of global imports.

France, with a CAGR of +2.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Import Prices By Country

In 2022, the average monitors and projectors import price amounted to $94 per unit, shrinking by -5.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 77% against the previous year. As a result, import price attained the peak level of $160 per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($243 per unit), while India ($35 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.9%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Monitors And Projectors

In 2022, global exports of monitors and projectors reduced to 2M units, which is down by -8.1% against 2021. In general, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 55% against the previous year. As a result, the exports attained the peak of 131M units. From 2016 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, monitors and projectors exports fell to $282M in 2022. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2015 with an increase of 42% against the previous year. As a result, the exports attained the peak of $15.4B. From 2016 to 2022, the growth of the global exports remained at a lower figure.

Exports By Country

China represented the major exporter of monitors and projectors in the world, with the volume of exports resulting at 1.2M units, which was approx. 59% of total exports in 2022. It was distantly followed by Singapore (198K units), Ireland (118K units), Romania (118K units) and Hong Kong SAR (102K units), together mixing up a 27% share of total exports. Thailand (59K units) and Taiwan (Chinese) (42K units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -32.5% from 2012 to 2022. Ireland (-14.1%), Thailand (-18.9%), Singapore (-21.0%), Romania (-24.1%), Hong Kong SAR (-25.0%) and Taiwan (Chinese) (-28.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore, Ireland, Romania, Hong Kong SAR, Thailand and China increased by +8, +5.5, +4.2, +3.4, +2.5 and +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($152M) remains the largest monitors and projectors supplier worldwide, comprising 54% of global exports. The second position in the ranking was held by Ireland ($36M), with a 13% share of global exports. It was followed by Romania, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at -30.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Ireland (-7.8% per year) and Romania (-24.8% per year).

Export Prices By Country

In 2022, the average monitors and projectors export price amounted to $143 per unit, standing approx. at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 60%. As a result, the export price reached the peak level of $194 per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ireland ($302 per unit), while Thailand ($12 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+7.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform