Global Gaming Monitors Market Size, Share, Analysis, Demand, and Growth with a CAGR of 6.80% by 2032.
Research Reports
Aug 22, 2023
The global gaming monitor market demonstrates significant growth potential for the next few years due to the booming gaming industry. Also, the growing use of these monitors and the number of gamers would drive the market growth. Market Research Future (MRFR) asserts that the global gaming monitors market is poised to escalate from USD 9.5 BN in 2022 to USD 17.2 BN by 2032, registering a 6.80% CAGR during the review period (2023-2032).
Gaming monitors are built with the latest technology to improve users’ gaming experience. The high refresh rate makes consumers spend more on the latest gaming monitor technology. Gaming monitors have many advantages, such as low power consumption, high-resolution images, faster refresh rates, wider angle of viewing, and greater contrast & brightness properties.
Considering the fast-rising popularity of PC gaming and esports, manufacturers are making advanced monitors featuring lightning-fast displays to match the rapid movements of the players. Gaming monitor manufacturers focus on the premium gaming segment, featuring esports-grade specs and gamer-centric technologies to meet the needs of gaming enthusiasts.
An increase in the use of progressive features by top industry players and gamers, alongside increased internet accessibility, influences the gaming monitor market demand. Rapid technological advances and developments in display technologies boost the gaming monitors market size. On the other hand, the high prices of these monitors hamper the market’s growth. Also, the lack of awareness of the advantages of gaming monitors restricts market growth.
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Gaming Monitors Market – Competitive Analysis
The gaming monitors market appears highly competitive and fragmented, with several matured and small players forming a competitive landscape. Strategic partnerships, expansions, acquisitions, product & technology launches, and collaborations are key strategies of market players to achieve competitive advantage.
For instance, on Aug.07, 2023, LG Electronics India launched two new monitors under its gaming monitor lineup, UltraGear OLED. Dubbed UltraGear OLED 27GR95QE and 45GR95QE, these new monitors are designed to offer a seamless gaming experience. With fast response time, better colors, and improved performance, both monitors feature curved displays, 240Hz refresh rate, height & swivel adjustment, and more. Available in online and offline stores, the LG 27GR95QE and 45GR95QE gaming monitors support Advanced Gaming Luminance Range (AGLR), enhancing contrast and brightness for better gaming performance.
Leading gaming monitors market players are.
- LG Electronics,
- Samsung Electronics Co., Ltd.,
- Dell Inc.,
- GIGA-BYTE Technology Co., Ltd.,
- ASUSTek Computer Inc.,
- AOC Global,
- CORSAIR, Micro-Star INT’L CO., LTD.
- BenQ Corporation
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Gaming Monitors Market – Segments
The gaming monitors market report is segmented into panel types, screen sizes, sales channels, end-users, and regions. The panel type segment is sub-segmented into IPS panels, TN panels, and VA panels. The screen size segment is sub-segmented into less than 27 inches, 27-32 inches, and more than 32 inches. The sales channel segment is sub-segmented into online and offline stores. The end-user type segment is sub-segmented into commercial and consumers. By regions, the gaming monitors market is segmented into North America, Europe, APAC, and the rest of the world.
Gaming Monitors Market – Geographical Analysis
The North American region dominates the global gaming monitors market with a significant market share. Factors like higher adoption of gaming platforms and the strong presence of major gaming platform providers substantiate the gaming monitors market growth. Besides, the strong presence of professional gamers and gaming enthusiasts boosts the gaming monitors market size.
Increased government investments in computing & related technologies and increasing penetration of high-speed Internet are some of the major gaming monitors market trends in the region. The market in the region is led by the US, backed by its considerable share in the gaming market, positively impacting the market growth.
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Europe is another lucrative market for gaming monitors on the global platform. The region witnesses a huge demand for high-end gaming monitors, which is also expected to remain strong during the next few years. Moreover, the region’s growing gaming industry is expected to impact demand for gaming monitors significantly. Germany accounts for the largest, while the UK is the fastest-growing market for gaming monitors.
The gaming monitors market in the Asia-Pacific region demonstrates strong potential for expansion. The rapid digitalization in the digital ecosystem over the last few years substantiates the region’s market share. Additionally, the growing online gaming culture in many APAC countries pushes gaming monitors market revenues. China is the largest, while India is the fastest-growing market for gaming monitors.
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