The gaming monitors market is anticipated to be worth USD 9.8 billion in 2023 and rise to USD 18.40 billion by 2033. The global market recorded a CAGR of 6.5% from 2023 to 2033.
Professional gamers’ expanding need for gaming monitors, the popularity of gaming competitions, and the rise of e-sports are the key growth factors of the market. In the upcoming years, market growth is anticipated to be fueled by increased consumer demand for high-display quality and gaming experiences, as well as rising disposable income among consumers.
As demand for higher-resolution panels grows, companies are focusing on producing displays with 4K and 8K resolutions. As businesses strive to provide players with the highest possible image quality, this trend is expected to continue. Ultra-wide monitors are another popular trend in gaming monitors.
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These screens can offer a significantly wider field of view and frequently have a 21:9 aspect ratio. This may be good for individuals who want a better perspective of their surroundings in games such as first-person shooters.
Key Takeaways:
- By 2033, the United States is likely to dominate the gaming monitors market, with a size of USD 3.91 billion and a CAGR of 5%.
- The gaming monitors market was significantly expanding, with a size of USD 9.28 billion in 2022.
- The market shows amazing opportunities due to higher sales of VA panels, and expects a Y-o-Y growth of 6.5% in 2023.
- The market in China is anticipated to expand at an adequate CAGR of 6.6% by 2033.
- In 2023, Germany is likely to expand in the gaming monitors market, with a size of USD 130 million.
- By 2033, the gaming monitors sector is likely to increase in Canada, with a size of USD 579.1 million.
- The market in the United Kingdom is anticipated to expand at an adequate CAGR of 6.9% by 2033.
- Based on the panel type, the VA panel segment led the market CAGR of 6.6% by 2033.
- Based on end users, the consumer continues to dominate the sector during the forecast period, with a CAGR of 6.5%.
- Based on the sales channel, the online segment continues to dominate the sector during the forecast period, with a CAGR of 6.8%.
Key Strategies in the Industry
More manufacturers are now competing in the market and creating higher-quality goods as a result of the growing demand for gaming monitors. As a result, gaming monitors are now more reasonably priced. The gaming monitors industry is anticipated to develop as a result of the growing gaming population and the demand for improved gaming experiences.
In order to provide a better gaming experience, businesses are also making significant investments in the development of new technologies, like high dynamic range (HDR) and quantum dot (QD) technology.
Key players:
- Samsung Electronics Co. Ltd.
- Dell Inc.
- AOC Systems Incorporated
- LG Electronics
- Lenovo Group Limited
- Acer Inc.
- MICRO-STAR INTERNATIONAL CO. LTD.
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Recent Developments
- In 2020, AOC released a gaming monitor with cutting-edge features. The company debuted the Agon AG273QCG, a gaming monitor with a curved design, a 1 ms response time, and a refresh rate of up to 165 Hz, in June 2020.
- The Odyssey G7 and G9 curved gaming displays from Samsung, which use Quantum Dot technology to produce vivid colors and deep blacks, were just released. The CHG90 from Samsung, a curved QLED gaming monitor with a 32:9 aspect ratio and 144 Hz refresh rate, is also available.
Key Segmentation:
By Panel Type:
- IPS Panel
- TN Panel
- VA Panel
By Screen Size:
- Less Than 27 Inch
- 27-32 Inch
- More Than 32 Inch
By Sales Channel:
- Online Stores
- Offline Stores
By End User:
- Commercial
- Consumers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- The Middle East & Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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