South Korea Smart Monitor Stand Market Size, Share, and COVID-19 Impact Analysis, By Connectivity (USB Ports, Audio Ports, Card Readers, Others), By Material (Aluminum, Glass, Others), By Capacity (22-44lbs, 45-66lbs, Others), and South Korea Smart Monitor Stand Market Insights Forecasts to 2022 to 2032.

Industry: Electronics, ICT & Media

RELEASE DATE Dec 2023
REPORT ID SI3306
PAGES 200
REPORT FORMAT PathSoft

South Korea Smart Monitor Stand Market Insights Forecasts to 2032

  • The South Korea Smart Monitor Stand Market Size was valued at USD 13.13 Million in 2022.
  • The Market Size is Growing at a CAGR of 4.10 % from 2022 to 2032.
  • The South Korea Smart Monitor Stand Market Size is Expected to Reach USD 19.63 Million by 2032.

South Korea Smart Monitor Stand Market

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South Korea Smart Monitor Stand Market Size is Expected to Reach USD 19.63 Million by 2032, at a CAGR of 4.10 % during the forecast period 2022 to 2032.

 

Market Overview

Smart monitor stands are smart monitor support functions. It helps to maximize desk space by creating space beneath the monitor or computer. Smart monitor stands also improve productivity by preventing users from fumbling with USB cables. It is primarily made of aluminum alloy, glass, and wood, and it is height adjustable. Its padded feet keep it from sliding on surfaces. A smart monitor stand creates a comfortable space in the workplace. It does have an additional port for headphone jacks, a charger, USB, and other bells and whistles that appeal to the majority of South Korea consumers. Increasing demand for smart monitor stands is being driven by several factors, including improved cable management and the benefit of additional microphone, USB, and headphones ports. Manufacturers of smart monitor stands are constantly working to improve product features and allow for greater productivity in home and office settings.

 

Report Coverage

This research report categorizes the market for South Korea’s smart monitor stand market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea smart monitor stand market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea smart monitor stand market.

 

South Korea Smart Monitor Stand Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 13.13 Million
Forecast Period:2022-2032
Forecast Period 2022-2032 CAGR:4.10 %
2032 Value Projection:USD 19.63 Million
Historical Data for:2019-2021
No. of Pages:200
Tables, Charts & Figures:100
Segments covered:COVID-19 Impact Analysis, By Connectivity, By Material, By Capacity
Companies Covered: Satechi, MonitorMate, Pout, Xenics, LETO, Ergotron, LG Electronics, Samsung Electronics, Dell Technologies, BenQ, Acer Inc., HP Inc., ASUS, Lenovo Group Limited, AOC International.,and Others key vendors
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

Increasing demand for smart monitor stands is being driven by several factors, including improved cable management and the benefit of additional microphone, USB, and headphones ports. Manufacturers of smart monitor stands are constantly working to improve product features and allow for greater productivity in home and office settings. Furthermore, rising consumer spending on smart appliances in Korea, as well as increased adoption of technologically advanced products, are driving the growth of the South Korea smart monitor stand market. Furthermore, rising monitor demand is expected to boost demand for South Korea smart monitor stands during the forecast period, as monitors expand their roles to include multi-media players, TVs, and speakers. Furthermore, rising disposable income per capita in Korea, combined with a desire for work-life balance among consumers, has resulted in increased demand for smart monitor stands.

 

Restraining Factors

Security vulnerabilities in smart monitor technology are a significant impediment to the South Korean smart monitor stand market. The possibility of security breaches in smart monitors poses a significant risk to users. Inadequate security measures, such as weak passwords and insufficient encryption, could expose sensitive data. As a result, manufacturers must prioritize robust security features within smart monitors, such as strong authentication methods and prompt vulnerability patching via regular updates.

 

Market Segment

  • In 2022, the USB ports segment accounted for the largest revenue share over the forecast period.

Based on connectivity, the South Korea smart monitor stand market is segmented into USB ports, audio ports, card readers, and others. Among these, the USB ports segment has the largest revenue share over the forecast period. This growth can be attributed to the growing consumer demand for data storage and transfer, flexible and scalable solutions, as well as simple and hassle-free data handling on the go, are becoming increasingly important. The most commonly found connectivity ports in smart monitor stands are USB ports and audio ports. USB ports simplify cabling, allow for faster data transfer, and consume little power.

 

  • In 2022, the aluminum segment accounted for the largest revenue share over the forecast period.

Based on material, the South Korea smart monitor stand market is segmented into aluminum, glass, and others. Among these, the aluminum segment has the largest revenue share over the forecast period. Nowadays, different aluminum alloys are used, which have a higher load capacity even in the sleekest of designs. Aluminum and its alloys are used not only to provide strength to the product, but also to give it a sophisticated appearance. Furthermore, because aluminum is 100% recyclable, it has little impact on the environment.

 

  • In 2022, the 22-44lbs segment accounted for the largest revenue share over the forecast period.

Based on capacity, the South Korea smart monitor stand market is segmented into 22-44lbs, 45-66lbs, and others. Among these, the 22-44lbs segment has the largest revenue share over the forecast period. During the forecast period, this segment is expected to have the largest market share. Another factor driving the increased adoption of smart monitor stands in this segment is that monitors in this category rarely have the height adjustment feature, and if they do, it comes at a cost. Only the most expensive models have such features.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea smart monitor stand market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Satechi
  • MonitorMate
  • Pout
  • Xenics
  • LETO
  • Ergotron
  • LG Electronics
  • Samsung Electronics
  • Dell Technologies
  • BenQ
  • Acer Inc.
  • HP Inc.
  • ASUS
  • Lenovo Group Limited
  • AOC International.
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at regional, and country levels from 2021 to 2032. Spherical Insights has segmented the South Korea smart monitor stand market based on the below-mentioned segments:

 

South Korea Smart Monitor Stand Market, By Connectivity

  • USB Ports
  • Audio Ports
  • Card Readers
  • Others

 

South Korea Smart Monitor Stand Market, By Material

  • Aluminum
  • Glass
  • Others

 

South Korea Smart Monitor Stand Market, By Capacity

  • 22-44lbs
  • 45-66lbs
  • Others

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