|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 987.63 Million||USD 1329.67 Million||3.76%||2022|
LCD Monitor Arm Market
The global LCD monitor arm market size was worth around USD 987.63 million in 2022 and is predicted to grow to around USD 1329.67 million by 2030 with a compound annual growth rate (CAGR) of roughly 3.76% between 2023 and 2030.
An LCD (Liquid Crystal Display) monitor arm is a mechanical system that allows the creation of an ergonomic monitor setup. The industry deals specifically with monitor arms that are used for accurate positioning and provide support to LCD screens that are display panels using liquid crystals for operational purposes. Contemporary applications of LCD screens have grown multifold and analysts consider the leap from light-emitting diode (LED) screens to LCD screens as a crucial transition that created a better viewing experience for customers. LCD screens are slicker than traditional cathode-ray tube (CRT) powered screens and they also consume less energy than other variants. These factors among other reasons directly contribute to the growing consumption of LCD monitor arms. The LCD monitor arm market players have been undertaking several research and development (R&D) activities to provide LCD monitor screens with superior attributes and this trend could act as an excellent opportunity ground for companies manufacturing and supplying LCD monitor arms.
Growing use of LCD screens in the healthcare sector to drive market growth
For instance, inwards, LCD screens are attached to patient beds to display information related to the vital signs of the patient. It helps doctors and nurses to take quick actions when needed. The increasing launch of new medical-grade LCD monitors is expected to further push demand for modern LCD monitors arms. For instance, in November 2022, Portwell Technology, Inc., a wholly owned subsidiary of Portwell, Inc., announced the launch of a new range of medical all-in-one touch computers and medical touch monitors. The company is offering LCD monitors with widescreen options of 27”, 23.8”, 21.5”,19”, and 15.6”. The new range of medical-grade display screens is lightweight and exhibits easy installation using the Flat Display Mounting Interface (FDMI) also known as VESA mount. They can also be mounted using a desktop stand.
Compatibility issues between LCD monitors and supporting arms may restrict market growth
The global LCD monitor arm market growth is expected to be restricted due to the issues surrounding compatibility between LCD monitors and the supporting arm. LCD monitor arms, especially the ones used for larger or more expensive screens, are also high in cost and slight compatibility issues can lead to damage to either of the products. In addition to this, the industry for LCD monitor arms is not well regulated as there are several low-cost and poor-quality LCS monitor arms available in the market. Poor quality products do not have a longer shelf life and may lead to loss of potential customers in the future.
Increasing R&D in monitor arm technology may create growth opportunities
The LCD monitor arm industry is projected to come across several growth opportunities as market players continue to invest in developing superior-grade monitor arms with wider applications thus improving the cost-efficiency of the tool. For instance, in April 2023, INOVATIV, a specialized tools provider focusing on improving workflow efficiency, showcased its latest offerings at the National Association of Broadcasters 2023. The product range included an extremely versatile segment of offerings in the form of all-new Monitor Arm Systems. The company products are VESA compatible and have been claimed as a game changer for studio and workstation desktops. The range includes options such as Desktop Monitor Arm System and Workstation Monitor Arm System that can support around 55 lb of weight and hence are compatible with a wide range of computer monitors. These devices offer 360° rotation, smooth tilt, and pan. They can be adjusted for a smooth viewing experience. Furthermore, apart from investing in technologies employed for comprehensive operational attributes, companies are also focusing on the use of environmentally friendly and sustainable material that allows the device to have a longer shelf life.
Fragmented market for display systems may challenge market expansion
The global LCD monitor arm market growth trend is projected to be restrained or challenged due to the extreme market fragmentation in terms of display technology that is used by end-user verticals. For instance, as of 2023, the market for LED screens is significantly huge leading to a division between the number of customers for LCD monitor arms. Furthermore, there is a growing demand for portable devices such as laptops, tablets, and other electronic products reducing the consumption of heavy-mounted products thus completely eliminating the need for monitor arms at least for consumers preferring miniaturized electronic equipment.
The global LCD monitor arm market is segmented based on application, distribution channel, type, monitor size, and region.
Based on application, the global market segments are industrial, financial, consumer electronics, government, education, and others. In 2022, the highest growth was observed in the consumer electronics segment due to higher sales of LCD televisions and monitors. The increasing market penetration in emerging economies and a growing number of new products launched at affordable prices, availability of financial assistance, and changing lifestyles are some of the drivers for segmental expansion. By 2030, the global consumer electronics industry is expected to cross more than USD 1064 billion in revenue. The education sector is growing at a rapid rate as educational centers are increasingly adopting digital methods of conducting classes and imparting knowledge.
Based on distribution channel, the LCD monitor arm industry divisions are online and offline.
Based on type, the global market segments are wall hanging, fixture, keyhole, and others. The leading segment in 2022 was wall hanging since LCD screens mounted on walls are known to be more space efficient as they can clear desk space. Additionally, medical centers and educational units typically work with wall-mounted LCD screens. They provide excellent viewing experience especially when a large group of audience is being dealt with such as in the case of a school or hospital room. High-grade LCD monitor arms can cost as much as USD 200.
Based on monitor size, the LCD monitor arm industry divisions are large, medium, and small.
|Report Attributes||Report Details|
|Report Name||LCD Monitor Arm Market|
|Market Size in 2022||USD 987.63 Million|
|Market Forecast in 2030||USD 1329.67 Million|
|Growth Rate||CAGR of 3.76%|
|Number of Pages||229|
|Key Companies Covered||Humanscale, Ergotron, AmazonBasics, Chief Manufacturing, Ergotech Group Inc., Peerless-AV, North Bayou, 3M, Dell, Fleximounts, Loctek, Atdec, Ergotech, VIVO, HUANUO, and others.|
|Segments Covered||By Application, By Distribution Channel, By Type, By Monitor Size, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
North America to register the highest growth rate during the forecast period
The global LCD monitor arm market is projected to be led by North America during the forecast period due to the extensive use of LCD screens across sectors including education, healthcare, personal use, industrial, and commercial. The increasing investments in new medical facilities in addition to the existence of an extensive and well-equipped healthcare infrastructure along with a rising number of monitor arm players investing in R&D could trigger high regional growth. In addition to this, countries such as the US are increasingly witnessing remote work culture resulting in higher sales of workstations placed in home offices which contributed to higher regional market sales after COVID-19. The North American population has a higher awareness about the importance of better ergonomics and it is one of the reasons for increasing consumption of devices that improve work setup especially when working remotely.
Asia-Pacific is a crucial market for global revenue. The presence of a high consumer group and a rising number of affordable LCD monitor arm manufacturers especially in countries such as China and South Korea will create higher growth momentum.
The global LCD monitor arm market is led by players like:
By Distribution Channel
By Monitor Size
An LCD (Liquid Crystal Display) monitor arm is a mechanical system that allows the creation of an ergonomic monitor setup.
The global LCD monitor arm market is expected to grow at a steady pace due to the increasing use of LCD screens in healthcare sectors.
According to study, the global LCD monitor arm market size was worth around USD 987.63 million in 2022 and is predicted to grow to around USD 1329.67 million by 2030.
The CAGR value of the LCD monitor arm market is expected to be around 3.76% during 2023-2030.
The global LCD monitor arm market is projected to be led by North America during the forecast period due to the extensive use of LCD screens across sectors including education, healthcare, personal use, industrial, and commercial.
The global LCD monitor arm market is led by players like Humanscale, Ergotron, AmazonBasics, Chief Manufacturing, Ergotech Group, Inc., Peerless-AV, North Bayou, 3M, Dell, Fleximounts, Loctek, Atdec, Ergotech, VIVO, and HUANUO.
The report explores crucial aspects of the LCD monitor arm market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.