India LCD Monitor Market, Emerging Trends, Technological Advancements, and Business Strategies 2024-2030

India LCD Monitor Market was valued at US$ 789.4 million in 2024 and is projected to reach US$ 1.05 billion by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.

Flat-panel displays using liquid crystal display technology, commonly used for computer monitors and TVs.

Steady demand in corporate and education sectors. Gradual shift towards higher resolution and larger screen sizes.

This report contains market size and forecasts of LCD Monitor in India, including the following market information:
•    India LCD Monitor Market Revenue, 2019-2024, 2024-2030, ($ millions)
•    India LCD Monitor Market Sales, 2019-2024, 2024-2030,
•    India Top five LCD Monitor companies in 2023 (%)

Report Includes

This report presents an overview of India market for LCD Monitor , sales, revenue and price. Analyses of the India market trends, with historic market revenue/sales data for 2019 – 2023, estimates for 2024, and projections of CAGR through 2030.

This report focuses on the LCD Monitor sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the India LCD Monitor market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    IPS Monitor
•    VA Monitor
•    PLS Monitor
•    AHVA Monitor
•    TN Monitor

Segment by Applications

•    Gaming Series
•    Business Series
•    Other Series

Key Companies covered in this report:

•    Samsung Electronics
•    LG Electronics
•    Dell Technologies
•    Hewlett-Packard (HP)
•    Lenovo
•    ASUS
•    Acer
•    BenQ
•    ViewSonic
•    Philips
Fill out the download sample Report form to access the complete list of key players. 

Competitor Analysis

The report also provides analysis of leading market participants including:
•    Key companies LCD Monitor revenues in Indian market, 2019-2024 (Estimated), ($ millions)
•    Key companies LCD Monitor revenues share in Indian market, 2023 (%)
•    Key companies LCD Monitor sales in Indian market, 2019-2024 (Estimated),
•    Key companies LCD Monitor sales share in Indian market, 2023 (%)

Drivers

1. Rapid Growth of the IT and Technology Sector: India’s booming IT and technology industry is one of the primary drivers for the demand for LCD monitors. The growing adoption of digital solutions across industries, including education, healthcare, and business, has led to an increase in the demand for efficient and high-quality display systems like LCD monitors. As more companies expand their digital infrastructure, there is a greater need for reliable visual devices to facilitate day-to-day operations.
2. Rising Demand from Education Sector: With the growing emphasis on digital learning and online education, there has been an increase in demand for LCD monitors in educational institutions and online learning platforms. Interactive whiteboards, digital classrooms, and e-learning tools require high-quality monitors, pushing the demand for LCD displays. The government’s push towards “Digital India” and smart classrooms has also contributed significantly to this demand.
3. Affordable Pricing and Technological Advancements: Over the years, LCD monitor prices have significantly reduced due to advancements in manufacturing processes and economies of scale. As a result, these monitors have become more affordable to a wider consumer base, which has led to their widespread adoption across homes, offices, and educational institutions. Additionally, advancements such as higher resolution displays (4K, 8K), better energy efficiency, and slim designs have made them more attractive to consumers.
4. Shift Toward Remote Work and Home Offices: The pandemic-induced shift to remote work and the increasing trend of hybrid working environments have also boosted the demand for LCD monitors. Professionals working from home require large, high-resolution screens to improve productivity, leading to higher sales of LCD monitors. The demand for multi-monitor setups and ergonomic designs that cater to prolonged usage has further contributed to the growth of the market.

Restraints

1. Competition from LED and OLED Monitors: While LCD monitors are widely used, competition from advanced display technologies such as LED (Light Emitting Diode) and OLED (Organic Light Emitting Diode) monitors poses a challenge. These newer technologies offer better color accuracy, contrast, energy efficiency, and thinner designs. As consumers seek higher-quality visual experiences, LCD monitors may face difficulty in competing with these emerging display technologies, especially in premium segments.
2. Limited Adoption in High-End Gaming and Multimedia Segments: Although LCD monitors are widely used for general tasks, they may not meet the high-performance standards required by specific segments like gaming and multimedia production. Gamers and content creators often prefer displays with higher refresh rates, faster response times, and superior color accuracy—features that are typically offered by more advanced technologies such as LED and OLED. This limits the market potential for standard LCD monitors in these niche segments.
3. High Dependency on Import and Supply Chain Issues: India’s LCD monitor market is heavily dependent on imports, especially from countries like China and Taiwan. This reliance on foreign supply chains makes the market vulnerable to disruptions, such as trade restrictions, tariff hikes, and global supply chain challenges. Any delay in the availability of key components such as LCD panels, integrated circuits, or other electronic components can impact the production and availability of monitors in the Indian market.

Opportunities

1. Increasing Demand for Gaming Monitors: As India’s gaming industry continues to grow, so does the demand for specialized gaming monitors. The rising popularity of esports and gaming platforms has led to a surge in demand for high-performance displays. While LCD monitors are not traditionally favored in this segment, advancements in LCD technology, such as high refresh rates (144Hz and above), faster response times, and improved resolution, present an opportunity for manufacturers to develop gaming-specific LCD monitors and capture a larger share of this expanding market.
2. Growing Adoption in Corporate and Commercial Sectors: In the corporate world, the demand for high-quality displays in workstations, boardrooms, and conference halls is on the rise. Companies increasingly invest in large, high-definition LCD monitors for presentations, video conferencing, and multi-tasking. Additionally, sectors like retail, advertising, and hospitality are increasingly utilizing digital signage solutions that rely on large LCD displays. These sectors present ample growth opportunities for LCD monitor manufacturers in India.
3. Expanding E-commerce and Online Sales Channels: The growth of e-commerce platforms in India has opened up a new avenue for the distribution and sale of LCD monitors. Online platforms make it easier for consumers to compare prices, read reviews, and purchase monitors based on their specific needs. E-commerce platforms are also helping brands reach remote and underserved markets, expanding the geographical reach of LCD monitor sales. This trend is expected to continue with the increasing penetration of the internet and online shopping in rural and semi-urban areas.
4. Government Initiatives for ‘Atmanirbhar Bharat’ (Self-Reliant India): The Indian government’s push towards self-reliance and indigenous manufacturing through initiatives like ‘Atmanirbhar Bharat’ has created an opportunity for local players to establish and expand their LCD monitor production capabilities. With the government encouraging local manufacturing, there is an opportunity for Indian companies to enter the LCD monitor market and reduce dependency on imports, which could drive down costs and improve market competitiveness.

Challenges

1. Price Sensitivity of the Indian Consumer Market: The Indian consumer market is highly price-sensitive, with many consumers opting for affordable options over premium, high-quality monitors. This price sensitivity can lead to challenges for manufacturers in terms of maintaining profitability, especially as the market is flooded with low-cost alternatives from both domestic and international brands.
2. Rapid Technological Changes: The rapid pace of technological advancements in the display market, including the shift towards OLED and MicroLED technologies, presents a challenge for LCD monitor manufacturers. Keeping up with the evolving technology and consumer preferences can be difficult, as it requires constant innovation and R&D investment. Manufacturers must balance cost-effective production with staying up to date with emerging technologies to remain competitive.
3. Environmental and Sustainability Concerns: LCD monitors, like many electronic devices, have environmental impacts, including the use of hazardous materials and challenges related to disposal and recycling. As awareness of environmental sustainability grows, manufacturers will need to address these concerns by improving the energy efficiency of their products and adopting more sustainable materials. The cost of compliance with environmental standards could also be a financial burden for manufacturers.

Key Indicators Analysed
•    Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
•    Indian Market Analysis: The report includes Indian market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
•    Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
•    Opportunities and Drivers: Identifying the Growing Demands and New Technology
•    Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:
•    Industry drivers, restraints, and opportunities covered in the study
•    Neutral perspective on the market performance
•    Recent industry trends and developments
•    Competitive landscape & strategies of key players
•    Potential & niche segments and regions exhibiting promising growth covered
•    Historical, current, and projected market size, in terms of value
•    In-depth analysis of the LCD Monitor Market
•    Overview of the regional outlook of the LCD Monitor Market

Key Reasons to Buy this Report:

•    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
•    This enables you to anticipate market changes to remain ahead of your competitors
•    You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
•    The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
•    Provision of market value (USD Billion) data for each segment and sub-segment
•    Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
•    Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
•    Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
•    Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
•    The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
•    Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
•    Provides insight into the market through Value Chain
•    Market dynamics scenario, along with growth opportunities of the market in the years to come
•    6-month post-sales analyst support

We offer additional regional and global reports that are similar:
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