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 of the Gaming Monitor Market

By Panel Type:

Leading Segment: IPS (In-Plane Switching)

IPS panels are the leading segment in the gaming monitor market due to their superior color accuracy, wider viewing angles & overall image quality. These panels are especially popular among gamers who prioritize vibrant visuals & color consistency for an enhanced gaming experience. IPS technology is commonly found in mid-to-high-end gaming monitors, catering to both casual & professional gamers. The demand for IPS monitors is growing, with examples like the LG UltraGear & ASUS ROG Swift, known for their exceptional color reproduction & reliability in competitive gaming.

Fastest-Growing Segment: OLED

OLED gaming monitors are quickly becoming popular because they offer amazing contrast, deep blacks, and vibrant colors, as each pixel lights up on its own. Gamers love the cinematic experience these displays provide. As OLED technology becomes more affordable, it's rapidly gaining popularity in the gaming world. High-end models like the Alienware AW5520QF are leading the way, offering gamers an immersive & top-notch visual experience.

 

By Screen Size:

Leading Segment: 24–27 Inches

The 24-27 inch monitors dominate the gaming monitor market. These monitors are perfect for most gaming setups because they provide a good balance between screen size & ease of use, especially for competitive gaming. This size is popular among both casual gamers and e-sports players, offering an immersive experience without being too big or taking up too much space. Models like the ASUS VG249Q and Acer Predator XB273K are great examples, offering high refresh rates, good resolution, and optimal ergonomics.

Fastest-Growing Segment: Above 32 Inches

The 32-inch and above segment is the fastest-growing, largely driven by gamers seeking larger screens for a more immersive & cinematic experience. Larger monitors, especially in the 34-inch ultrawide and 43-inch range, are gaining popularity in the gaming market for their ability to provide a wide field of view, which is especially beneficial for simulation, racing games, and open-world gaming. Monitors such as the Samsung Odyssey G9 are at the forefront with their ultra-wide 49-inch curved screens, offering an unmatched experience for gamers who value both size & performance.

 

By Resolution:

Leading Segment: Full HD (1920 x 1080)

Full HD monitors continue to dominate the gaming monitor market, primarily because they offer an affordable & efficient option for most gamers. These monitors are ideal for gamers who don’t require ultra-high resolutions & are often used for competitive gaming, where high frame rates and fast response times are more critical than pixel density. Monitors such as the Acer Nitro VG240Y and BenQ Zowie XL2411 are popular examples within this resolution range, offering smooth performance and high refresh rates that are essential for e-sports.

Fastest-Growing Segment: UHD/4K (3840 x 2160)

UHD/4K monitors are the fastest-growing segment, fueled by the increasing availability of 4K gaming content and hardware that can support 4K resolution. With the arrival of next-generation gaming consoles like the PS5 and Xbox Series X, along with powerful gaming PCs, 4K monitors are becoming highly desirable for gamers who want to enjoy the most detailed and visually stunning games. Premium models like the ASUS ROG Swift PG27UQ & Samsung Odyssey G7, which provide 4K resolution with high refresh rates & HDR support, are driving the growth of this segment.

 

By Refresh Rate:

Leading Segment: 144Hz

The 144Hz refresh rate is the most popular in the gaming monitor market because it provides a smooth & responsive gaming experience, especially for fast-paced competitive games like FPS & MOBAs. This refresh rate significantly improves over the standard 60Hz, giving gamers a smoother visual experience with less motion blur. Monitors such as the Acer Predator XB271HU and ASUS TUF VG27AQ are prime examples that provide 144Hz refresh rates with additional features like G-Sync and FreeSync for seamless gaming.

Fastest-Growing Segment: 240Hz and Above

The fastest-growing segment is the 240Hz and above category, as competitive gamers increasingly demand higher refresh rates for even smoother gameplay & more precise control. Monitors with refresh rates of 240Hz or higher are becoming more common among professional and e-sports players, as they reduce motion blur and offer a competitive advantage. Gaming monitors like the Alienware AW2521H & ASUS ROG Swift PG259QN, featuring 360Hz refresh rates, are leading this segment, offering cutting-edge performance for elite gamers.

 

By End User:

Leading Segment: Casual Gamers

Casual gamers make up the largest segment of the gaming monitor market, with a strong demand for monitors that balance price and performance. These gamers typically prioritize good visuals, a comfortable experience & reliability over top-tier specifications. Models such as the BenQ GW2480 and Dell S2719DGF serve the casual gamer segment well, offering good resolution, decent refresh rates, and affordable prices. The growing number of casual gamers globally is expected to continue fueling this segment.

Fastest-Growing Segment: E-Sports Organizations

E-sports organizations are the fastest-growing segment in the gaming monitor market, with increasing investments in professional gaming tournaments & sponsorships. The demand for high-performance, low-latency monitors with ultra-fast refresh rates & precise color accuracy is driving growth in this segment. As e-sports becomes more mainstream, the need for specialized gaming monitors with advanced features like G-Sync, FreeSync & high frame rates continues to rise. Monitors such as the MSI Optix MAG272CQR and ASUS ROG Swift PG259QN are tailored for professional e-sports use, delivering industry-leading performance.

 

By Distribution Channel:

Leading Segment: Online Retail

Online retail dominates the gaming monitor market due to the growing preference for convenience, competitive pricing & the ability to compare various models. E-commerce giants like Amazon and specialized retailers like Newegg have become the primary channels for purchasing gaming monitors. Online platforms offer detailed product reviews and recommendations, allowing consumers to make informed decisions about their purchases. Online sales also benefit from extensive reach & promotions that drive volume sales.

Fastest-Growing Segment: Specialty Gaming Stores

Specialty gaming stores are becoming very popular because they offer a personalized shopping experience. Gamers can try out monitors & get expert advice in these stores. These stores focus on the specific needs of gamers by offering a selection of high-end gaming monitors & accessories. The growing gaming culture & the need for expert guidance are helping these stores become more popular, especially in areas with strong gaming communities.

 

By Region:

Leading Region: North America

North America holds the largest market share in the gaming monitor market, driven by the large base of gamers, e-sports organizations & gaming hardware manufacturers. The region's strong presence in the gaming industry, particularly in the United States & Canada, continues to drive demand for high-performance gaming monitors. The increasing popularity of competitive gaming & the expansion of e-sports events further contribute to North America's dominance in the market.

Fastest-Growing Region: Asia-Pacific

The Asia-Pacific region is the fastest-growing market for gaming monitors, driven by booming gaming markets in countries like China, Japan, South Korea & India. The increasing number of gamers, high mobile gaming penetration & the rapid growth of e-sports in the region are fueling the demand for gaming monitors. Additionally, the rise of gaming as a cultural phenomenon in Asia is contributing to the accelerated adoption of advanced gaming monitors in the region. The growth of online retail & specialized gaming stores further supports the surge in demand.

 

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

 

Gaming Monitor Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 12.3 billion
Revenue Forecast in 2030	USD 23.6 billion
Overall Growth Rate	CAGR of 9.5%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Panel Type, By Screen Size, By Resolution, By Refresh Rate, By End User, By Distribution Channel, By Region
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
Country Scope	US, Canada, Germany, UK, France, China, Japan, India, etc.
Key Market Drivers	Growth in the gaming industry, rising popularity of e-sports, technological advancements in monitor features, and the rise in work-from-home and gaming hybrid usage.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

 

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.