Gaming Monitor Market By Panel Type (IPS (In-Plane Switching), TN (Twisted Nematic), VA (Vertical Alignment), OLED); By Screen Size (Below 24 Inches, 24–27 Inches, 28–32 Inches, Above 32 Inches); By Resolution (Full HD (1920 x 1080), QHD (2560 x 1440), UHD/4K (3840 x 2160), 8K); By Refresh Rate (60Hz, 120Hz, 144Hz, 240Hz and Above); By End User (Casual Gamers, Professional Gamers, E-Sports Organizations); By Distribution Channel (Online Retail, Offline Retail (Electronics Stores), Specialty Gaming Stores); By Geography, Segment revenue estimation, Forecast, 2024–2032.

The gaming monitor market was valued at USD 12.3 billion in 2023 and is expected to reach about USD 23.6 billion in the forecast period 2024-2030 at a compound annual growth rate (CAGR) of 9.5%. This growth is due to the increase in gaming's use as a form of entertainment, developments in monitor devices, the growing popularity of e-sports, and the increased use of the Internet for gaming.

 

Gaming monitors are devices that have been categorically developed to deliver the best Gaming display to the user. They are committed to refresh rates, response time, resolution, and Auto-Modulation technologies for synchronizing requirements for superior gaming. Hence, high-definition resolution in the range of 4K, high refresh rates—144Hz or higher—and compatibility with NVIDIA G-SYNC or AMD FreeSync technologies have made gaming monitors indispensable for professional and occasional gamers.

 

Market Drivers

Growth in the Gaming Industry: The gaming industry has risen to a former entertainment giant influenced by game design development, platform availability, and the revolution in online gaming. Computer gaming monitors have emerged as a significant tool that has revolutionized game graphics and performance. The market size of the global gaming industry was USD 230 billion in 2023; PC gaming formed a part of the segment. Example: The Chinese gaming monitor brand increased by 30% in 2023 after releasing a few AAA games more suitable for high-resolution monitors.

 

Rising Popularity of E-Sports: The developing trend of e-sports as a business has contributed to the search for fantastic gaming monitors suitable for champions and those who have not yet reached this level. The number of e-sports viewers in 2023 increased to 720 million, with leading growth in Asia-Pacific and North America. Example: In 2023, an e-sports event in the United States agreed with one of the top monitor manufacturers to support high refresh rate displays for esports.

 

Technological Advancements in Monitor Features: Technologies like curved displays, high dynamic range, high refresh rates, and 4K/8K have made gaming monitors essential for better gaming experiences. For example, in 2022, the first monitor from South Korea delivered a 240Hz refresh rate and mini LED backlighting, aiming at competitive gamers.

 

Rise in Work-From-Home and Gaming Hybrid Usage: Working from home has also been common since the emergence of the pandemic, contributing to the popularity of multipurpose monitors for work and gaming. Example: In 2023, a consumer electronics retail company in the United States recorded a 20% increase in the sales of gaming monitors marketed under the work-from-home and play-from-home segments.

 

Market Opportunities

Expanding Demand in Emerging Markets: The increasing disposable income of consumers in Asia-Pacific, Latin America, and the Middle East, together with the ever-growing Internet usage, is influencing emerging economies to adopt gaming monitors rapidly. Among the country-level buyers, the largest share, 40%, was reported for the Asia-Pacific region in 2023: China, South Korea, and India have been identified as the key consumers. Example: In 2023, an Indian electronics company introduced a low-cost, high refresh rate monitor for mid-tier gamers and got a 25% market share.

 

Growth in Cloud Gaming Platforms: The emergence of cloud gaming services, including NVIDIA GeForce NOW and Xbox Cloud Gaming, gave rise to monitors with low latency and HDR visuals. Example: In 2022, a European monitor brand collaborated with a cloud gaming service provider to launch a monitor with a gaming certification of low latency.

 

Integration with Smart Technologies: The compatibility of AI and smart features such as adaptive brightness, voice control, and eye-care technology has the potential to appeal to tech-savvy customers. For example, a Japanese monitor brand added AI brightness control in 2023 to make video performance more comfortable for the eyes during games.

           

Market Restraints

High Costs of Advanced Monitors: The advanced features in premium gaming monitors keep their costs high, making them inaccessible to budget-conscious gamers.

 

Competition from Standard Monitors and TVs: Owing to the cost, some gamers still stick with HDTVs or standard monitors, thereby skewing the uptake of gaming monitors.

 

Market Segmentation

By Panel Type:

• IPS (In-Plane Switching)

• TN (Twisted Nematic)

• VA (Vertical Alignment)

• OLED

 

By Screen Size:

• Below 24 Inches

• 24–27 Inches

• 28–32 Inches

• Above 32 Inches

 

By Resolution:

• Full HD (1920 x 1080)

• QHD (2560 x 1440)

• UHD/4K (3840 x 2160)

• 8K

 

By Refresh Rate:

• 60Hz

• 120Hz

• 144Hz

• 240Hz and Above

 

By End User:

• Casual Gamers

• Professional Gamers

• E-Sports Organizations

 

By Distribution Channel:

• Online Retail

• Offline Retail (Electronics Stores)

• Specialty Gaming Stores

 

By Region:

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa

 

Segment Analysis

Leading Panel Type: IPS Panels

IPS panels are market leaders, generating 50% of the sales in 2023 because of their accurate color production, wider viewing angles, and overall performance for gaming and other uses. Example: A German electronics retailer mentioned that its sales of IPS gaming monitors rose by 30 percent in 2022 because of demand for multi-function monitors.

 

Leading Screen Size: 24–27 Inches

The 24-27 inch segment is the largest, contributing 40% of revenue in 2023 as it offers users a bigger screen without straining their pockets. Example: In 2023, an effectively rising South Korean brand introduced a 27-inch gaming monitor with a 144Hz refresh rate but received a fairly large demand from mid-price segmented gamers.

 

Regional Analysis

The Asia-Pacific region is the largest and fastest-growing, accounting for 40% of global revenue in 2023. With the growing population of gamers, high consumption of e-sports, and increasing internet usage, China held the lion's share, contributing to 60% of gaming monitor sales. Example: The Chinese gaming monitor brand penetrated Southeast Asia in 2023 with a 25% sales increase.

 

The North American region has the largest market share because of the high adoption of e-sports, the availability of a proper gaming environment, and initial technology acceptance. For example, a monitor brand based in the United States launched a 240Hz gaming monitor in 2023, which has found a niche within the gaming market it can dominate.

 

The European market takes 30% of the global revenue because of high demand in all countries that traditionally pay much attention to gaming, including Germany, the UK, and France. Example: In 2022, a French electronics retailer agreed with an international gaming monitor brand to sell high-refresh-rate monitors for PC gamers.

 

Key Players

• ASUS

• Acer Inc.

• Samsung Electronics Co., Ltd.

• Dell Technologies

• LG Electronics

• BenQ Corporation

• MSI (Micro-Star International)

• AOC International

• ViewSonic Corporation

• Lenovo Group Limited

 

Future Outlook

The market for gaming monitors remains in a growth stage primarily due to modern innovations in monitor technology, changing trends through embracing the current computer games as an acceptable social pastime activity, and improved e-sports investments. The Asian-Pacific and Latin-American markets will be particularly important here, as they are growing gaming populations with average disposable incomes.

 

It is predicted that additional concentration on cost, intelligent functions, and sustainable development will increase producers' competitive advantage. Gaming monitors will continue to be essential to improving game interfaces and satisfying the demands of casual, professional, and competitive users up to 2030.