The Monitors and Video Projectors Market in the UK has shown significant fluctuations over the past decade. From 2013 to 2023, the market grew from €542.4 million to €887.46 million. This represents a fluctuating trend with notable year-on-year variations such as a high of 22.78% in 2014 and a drop of 3.49% in 2020. As of 2023, the market grew by 1.7%, standing at €887.46 million. The Compound Annual Growth Rate (CAGR) over the last five years is 1.98%.
Forecast data from 2024 to 2028 predicts an increase in market size from €904.95 million to €965.88 million, reflecting a slower growth trajectory with a forecasted 5-year CAGR of 1.31% and an overall 5-year growth rate of 6.73%.
Future trends to watch for include:
• Increasing adoption of advanced display technologies such as 4K and 8K resolution.
• Growing use of video projectors in educational and corporate sectors.
• Impact of economic fluctuations and supply chain disruptions.
• Emerging preferences for home entertainment equipment.
• Advancements in portable and wireless projector technologies.