The global gaming monitors market stands at a valuation of USD 9.8 Billion in 2023 and is predicted to expand rapidly at a CAGR of 6.5% from 2023 to 2033, reaching USD 18.40 Billion by 2033.
Gaming Monitors’ Diversity Transforms Manufacturers' Planning
| Attributes | Details |
|---|---|
| Gaming Monitors Market CAGR (2023 to 2033) | 6.5% |
| Gaming Monitors Market Size (2023) | USD 9.8 billion |
| Gaming Monitors Market Size (2033) | USD 18.40 billion |
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The global gaming monitors industry experienced strong growth between 2018 and 2022, with a CAGR of 5.5%. From USD 7.33 billion in 2018 to USD 9.28 billion in 2022, the market showed an astounding expansion. The recent popularity of gaming has had a significant impact on the market worldwide.
| Year | 2020 |
|---|---|
| Market Value | USD 8.22 billion |
| Y-o-Y Growth | 6% |
| Year | 2024 |
|---|---|
| Market Value | USD 10.54 billion |
| Y-o-Y Growth | 6.7% |
| Year | 2028 |
|---|---|
| Market Value | USD 13.66 billion |
| Y-o-Y Growth | 6.5% |
| Year | 2030 |
|---|---|
| Market Value | USD 15.43 billion |
| Y-o-Y Growth | 6.2% |
Due to the introduction of cutting-edge monitoring features by some top industry participants, the market is experiencing amazing growth in gaming integration.
Short-term Growth (2023 to 2026): Companies are investing in research to develop and launch technologically advanced gaming monitors. These constant modifications and innovations are projected to drive the global market during this period.
Medium-term Growth (2026 to 2029): Rising interest in online gaming tournaments is forecast to boost the market. Increasing internet penetration is also playing a key role in propelling growth in the projected period.
Long-term Growth (2029 to 2033): In the long term, gaming monitor makers may benefit from strong 8K gaming monitor sales results.
Due to all these factors, global consumption of gaming monitors is anticipated to increase at a 6.5% CAGR from 2023 to 2033.
Graphics processing units (GPU) technology and game content are undergoing constant improvements, which have been making gaming monitors more attractive for users. Key market players are aiming more on the graphics card, hard drive, and memory work to create a balanced gaming ecosystem.
A faster refresh rate enables the image to update every second and thus is responsible for a smoother view. The industry features some well-liked 144 Hz gaming monitors. With no input lag and rapid refresh rates, they provide a highly fluid and responsive gaming experience.
The popular models typically come in sizes between 24 and 27 inches and provide a variety of features like support for G-Sync and FreeSync, HDR, and programmable refresh rates. Other improved gaming monitors are launched with graphics enhancements or High Dynamic Range (HDR).
This feature is responsible for a gaming experience that has exceptional color performance, deeper saturation, more diverse contrast, brighter highlights, and darker shadows.
Principal Consultant
The high price of a gaming monitor is likely to restrain the growth of the global market. If the buyer is on a tight budget, purchasing a high price gaming monitor becomes difficult. A high-performance gaming monitor generally costs a lot. This might result in limited growth of the market in the future if this challenge remains unresolved.
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| United States Market Value (2023) | USD 2.47 billion |
|---|---|
| United States Market Value (2033) | USD 3.91 billion |
| United States Market CAGR (2018 to 2022) | 3.9% |
| United States Market CAGR (2023 to 2033) | 5% |
| United States Market Y-o-Y Growth (2023) | 5.1% |
The thriving video gaming market in the United States has been aiding the overall growth of the target market. The United States accounts for a dominant share of the North American market. Moreover, the United States recorded around 40% growth in video game use and spending on video games, hardware, and accessories during the COVID-19 pandemic.
The emergence of video gaming culture and the rising demand for high-tech gaming monitors with cutting-edge features, especially among professionals and ardent users, are key factors driving market expansion. More spending on home gaming setups and increased internet gaming has driven market growth.
The gaming monitors sector in Canada is growing steadily. According to FMI, the market size in Canada increased from USD 252 million in 2018 to nearly USD 305.4 million in 2022. This represents a CAGR of 4.2%.
This growth is expected to continue over the coming years, with a CAGR of 5.9% projected between 2023 and 2033, bringing the market size to USD 571.9 million by 2033. The Canadian gaming monitor business is highly competitive, with a range of leading brands competing for market share.
Some leading brands in this market include Acer, ASUS, BenQ, Dell, HP, LG, MSI, and Samsung. These companies offer a variety of monitors to suit different budgets, gaming preferences, and user needs. Monitors range from high-end models with 4K resolution and G-Sync technology, to more budget-friendly models with 1080p resolution.
The United Kingdom is a highly competitive market, with a variety of gaming monitors available from a range of international and local brands. In 2023, the United Kingdom gaming monitors sector is estimated to be worth USD 163.1 million.
The popular gaming monitors in the United Kingdom are either 27 or 32 inches in size, with an anticipated 6.6% CAGR during the forecast period. The popular refresh rate is 144Hz, with many gaming monitors also offering higher refresh rates, such as 240Hz and even 360Hz.
China is expected to come up with productive opportunities, with an expected valuation of USD 342.6 million in 2023. Rising sales of gaming computers, growing preference for IPS and VA panel gaming monitors, and rising interest in gaming and e-sport activities are key factors that support the market to reach USD 649.17 million by 2033.
Moreover, rapidly developing network infrastructure and rising consumer disposable incomes are boosting market revenue with a CAGR of 6.6% by 2033.
In India, the gaming monitors industry is expected to rise quickly, from USD 108 million in 2023 to USD 235.53 by 2033. The popularity of eSports, the increase in gamers, and the accessibility of inexpensive gaming displays are the key growth factors. By 2033, the gaming monitors business in India is projected to expand at a CAGR of 8%.
VA panel gaming monitors dominate the market with a worth of USD 3.75 billion owing to power consumption efficiency.
VA panel gaming monitors have higher possible refresh rates. They hold higher maximum brightness, better color reproduction, and better viewing angles. Owing to its advantages over other panels, by panel type, the VA panel gaming monitor segment is likely to dominate the market with a CAGR of 6.6% by 2033.
Due to the multiple benefits, such as optimal viewing angles and color contrast, VA panel gaming monitors excel in the industry. TN panel gaming monitors are the other competitors, accounting for a CAGR of 5.8% by 2033.
By end user, the market receives large support from consumers during the forecast period. It is expected to grow from USD 2.71 billion in 2023 to USD 5.09 billion by 2033.
The speedy growth in digital infrastructure due to the availability of affordable electronic gadgets and low-cost data services is likely to bode well for the market. This is also supported by rising internet penetration.
The increasing young population and their easy access to the internet are key factors driving demand for gaming monitors. The rising adoption of gaming monitors among consumers aged between 18 to 35 years is foreseen to propel the growth of gaming monitor sales.
The gaming monitors market is extremely competitive. Key players are focusing on launching new products and solutions more frequently. The shift of manufacturers towards an approach that enhances their customer base as well as diversifies their product offerings is projected to propel growth.
Players are also engaging in mergers and acquisitions to collaborate and invest in developing regions with the motive to expand their consumer base, advance their business, and enhance product offerings.
Recent Developments
The gaming monitors market is worth USD 9.8 billion in 2023.
The gaming monitors market is anticipated to be worth USD 18.40 billion by 2033.
The gaming monitors market in East Asia is worth nearly USD 2.3 billion in 2023.
Canada’s gaming monitors market is anticipated to thrive at a 4.2% CAGR from 2023 to 2033.
The VA panel gaming monitors segment is predicted to rise at a 6.6% CAGR through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Panel Type 5.1. IPS Panel Gaming Monitors 5.2. TN Panel Gaming Monitors 5.3. VA Panel Gaming Monitors 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Screen Size 6.1. Less Than 27 Inch 6.2. 27-32 Inch 6.3. More Than 32 Inch 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Residential 7.2. Commercial 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Samsung Electronics Co. Ltd. 16.2. Dell Inc. 16.3. AOC Systems Incorporated 16.4. LG Electronics 16.5. Lenovo Group Limited 16.6. Acer Inc. 16.7. MICRO-STAR INTERNATIONAL CO. LTD. 16.8. Qisda Corporation 16.9. SCEPTRE Inc. 16.10. ViewSonic Corporation 16.11. Gigabyte Technology 17. Assumptions & Acronyms Used 18. Research Methodology
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Gaming Monitors Market
