PC Monitors & Projectors - Nigeria

In Nigeria, the revenue in the PC Monitors & Projectors market is estimated to reach ₦US$737.0m in 2024.
It is projected to grow at an annual rate of 1.56% (CAGR 2024-2029).
Comparatively, China generates the highest revenue in this market, with an estimated amount of ₦US$8.4bn in 2024.
Considering the population figures, the per person revenues Nigeria's PC Monitors & Projectors market is expected to be ₦US$3.24 in 2024.
Looking ahead, the volume of the market is predicted to reach 6.7m pieces units by 2029.
Furthermore, there is an anticipated volume growth of 4.5% in 2025.0.
When examining the average volume per person Nigeria's PC Monitors & Projectors market, it is expected to be 0.0pieces units in 2024.
This data provides insights into the market's performance and potential in Nigeria.
Nigeria is experiencing a surge in demand for PC monitors and projectors due to the rapid growth of the country's technology and entertainment industries.

Definition:

PC monitors and projectors are display devices used to view computer-generated images and video. PC monitors are standalone screens that are designed to be used with desktop or laptop computers, while projectors are devices that can project an image onto a larger screen or surface. PC monitors come in various sizes and resolutions, from small monitors for basic use to larger, high-resolution screens for professional work and gaming. Projectors are commonly used for presentations, home theater systems, and gaming. Both devices can connect to a computer using a cable or wirelessly, allowing for flexible use and placement.

Additional Information:

The market comprises revenue, average revenue per capita, volume, average volume per capita and price. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like Sony, Panasonic, Samsung, LG, and Philips. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

Monitors and Projectors made to be used with computers

TV Monitors and projectors
Other devices incorporating a screen (e.g. laptops)

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on electronic and digital devices used privately either for entertainment (televisions, game consoles, smart speakers, etc.), communication (telephones, smartphones, etc.) or home-office activities (printers, copiers, etc.).

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, number of internet users, smartphone penetration rate, household number and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting electronic products due to the non-linear growth of technology adoption and regular product upgrade. The main drivers are GDP per capita, consumer spending per capita, and 5G penetration rate.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.