Gaming Monitors Market Trend, Share, Growth, Size and Forecast 2030

Gaming Monitors Industry Prospective:

The global gaming monitors market size was worth around USD 9.51 billion in 2022 and is predicted to grow to around USD 16.04 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.76% between 2023 and 2030.

Request Free Sample

Gaming Monitors Market: Overview

Gaming monitors are specially designed to be used by video gamers. These are display screens with advanced features that allow them to provide better display results as compared to traditional monitors such as personal computers and television sets. The primary design of gaming monitors focuses on ensuring that the output of the central processing unit (CPU) and graphics card are superior thus enabling a better viewing experience. Depending on the type of gaming monitor, the final output can vary in terms of motion, color, and image sharpness displayed on the screen. The market for gaming monitors has benefitted from the evolving display technology along with the addition of new features Artificial Intelligence (AI)-powered improvements and wireless connectivity.

Gaming monitors differ from traditional monitors in several aspects with the primary being the response time as gaming monitors cannot afford to lag in terms of performing a command. On the other hand, traditional monitors tend to be superior in resolution but another key advantage for a gaming computer is its ability to perform almost all functions of a normal computer. The gaming monitor industry is expected to grow rapidly as the number of professional and amateur gamers is on the rise. However, global economic complexities could impact the addition of new consumers.

Key Insights:

• As per the analysis shared by our research analyst, the global gaming monitors market is estimated to grow annually at a CAGR of around 6.76% over the forecast period (2023-2030)
• In terms of revenue, the global gaming monitors market size was valued at around USD 9.51 billion in 2022 and is projected to reach USD 16.04 billion, by 2030.
• The gaming monitors market is projected to grow at a significant rate due to the growing popularity of professional gaming as a full-time earning opportunity
• Based on screen size segmentation, 27-32 inches was predicted to show maximum market share in the year 2022
• Based on panel type segmentation, the VA panel was the leading type in 2022
• On the basis of region, North America was the leading revenue generator in 2022

Request Free Sample

Gaming Monitors Market: Growth Drivers

Growing popularity of professional gaming as a full-time earning opportunity to drive market growth

The global gaming monitors market is projected to grow owing to the increasing popularity of professional video gaming among the general population across the globe. Until a few years ago, video games were considered a means of entertainment. However, with the increasing proliferation of digital technology worldwide in association with strategic marketing tactics undertaken by video game manufacturers and developers, the world of digital games has become a full-time profession for a large and growing population. As per the latest report, more than 3 billion active video gamers exist in the world as of 2023. In the coming years, the number of new gamers is projected to rise at a rapid rate further driving the demand and consumption of gaming monitors.

The emergence of esports clubs has proven beneficial for the modern generation since it offers a lucrative break from traditional professional opportunities. In addition to this, since video games have been an integral part of the growth period of the younger generation, the esports industry provides an excellent chance for such individuals to convert their hobbies into recognized and admired professions. As of 2023, the global esports industry is valued at over USD 2 billion and has been showing excellent signs of growth as esports sponsors continue to war scholarship benefits and possibilities to garner international fame.

Increased investments in cloud-based video gaming experience to drive market sales

Manufacturers of gaming monitors are investing heavily in developing cloud-based video gaming experience which could translate to higher demand for gaming monitors. In September 2023, it was reported that Microsoft is undergoing discussions to develop a novel hybrid AI-based and cloud gaming platform by 2028 as it intends to offer an immersive and improved gaming experience to gamers. The production of the first hybrid cloud games is expected to start in 2024. In August 2023, Google launched Stadia, a cloud-based video game service as the company intends to capitalize on its existing hold on the cloud technology thus contributing to the global market industry growth rate.

Gaming Monitors Market: Restraints

Increasing popularity of virtual reality (VR) and augmented reality (AR) headsets to restrict market growth

The demand for gaming monitors may be negatively impacted due to the growing demand and popularity of VR and AR headsets. These technologies provide a superior gaming experience due to their capability to provide simulated situations in 3-dimension. Although the most popular VR headsets currently are highly priced, this form of gaming method has fragmented the consumer base into separate groups.

Additionally, VR and AR manufacturers are investing heavily in adding more technologies leading to additional growth barriers for gaming monitors. In June 2023, Meta launched a new Quest 3 VR headset just a few days before Apple’s product debut.

Gaming Monitors Market: Opportunities

Integration of AI systems and higher connectivity options to generate expansion possibilities

The global gaming monitors market is projected to be further impacted by the increasing integration of advanced technologies such as Artificial Intelligence and wireless connectivity along with redefined display engineering in the form of resolution and refresh rate. In October 2023, Samsung Electronics Co., Ltd. launched an Odyssey OLED G9 gaming monitor (G95SC model). The performance aspect has been pushed to new limits with the integration of evolved AI upscaling technology thus meeting the demands of highly experienced players.

In November 2023, one of China’s dominant faces in the regional esports industry, Titan Army announced new releases in the form of surprising prices and high refresh rates. With the launch, the company made its entry into the American market with the help of 7 models at highly competitive prices.

Surging acceptance of curved gaming monitors holds exceptional growth potential

Curved displays are considered more advantageous as compared to traditional straight screens. Some of these benefits include enhanced peripheral vision, reduced reflection and glare, and higher focus on primary content. These factors have led to increased demand for curved gaming monitors.

Gaming Monitors Market: Challenges

High cost of gaming monitors and volatility in the semiconductor industry challenge market expansion

The global gaming monitors industry is likely to be challenged by the high cost of gaming monitors. It may cost between USD 200 to USD 500 or higher. In the current state of global economic volatility along with trading challenges affecting the semiconductor industry, the demand for gaming monitors may be severely impacted.

Gaming Monitors Market: Segmentation

The global gaming monitors market is segmented based on screen size, sales channel, panel type, end-user, and region.

Based on screen size, the global market is divided into more than 32 inches, 27-32 inches, and less than 27 inches. In 2022, the highest growth was observed in the 27-32 inches category as displays of these measures are considered perfect for the gaming experience. They offer appropriate viewing screen size and practicality. However, the preference for screen size depends on the buyer. The average resolution of high-definition (HD) gaming monitors is around 1920x1080.

Based on sales channels, the global gaming monitors industry is divided into offline stores and online stores.

Based on the panel type, the global market is divided into VA panel, TN panel, and IPS panel. In 2022, the highest demand was registered for the vertical alignment (VA) panel since it offers better viewing angles and color reproduction rate. This potentially acts as a balance between twisted nematic (TN) and in-plane switching (IPS) panels. VA panels can offer resolutions as high as 3840x2160.

Based on end-users, the global market is fragmented into consumers and commercial.

Gaming Monitors Market: Report Scope

Gaming Monitors Market: Regional Analysis

North America to generate high revenue during the forecast period

The global gaming monitors market is expected to witness the highest growth in North America. The US is expected to control over 41% of the overall regional market share driven by the increasing popularity of video games in the country. As per official estimates, more than 200 million gamers are currently located in the country. The US market is one of the first few regions that witnessed the emergence of video gaming as entertainment which eventually took the form of serious professional-level gaming. Additionally, the region’s market growth is further assisted by the presence of a large number of gaming monitor manufacturers and suppliers.

Asia-Pacific is regarded as one of the fastest-growing regions driven by the robustness of the regional display technology developers in terms of research & development especially emerging from technologically advanced countries such as China and Japan. In August 2023, Odyssey Neo G9 57 launched by Samsung became the world’s first dual ultra-high definition (UHD) gaming monitor. In August 2023, LG Electronics, a South Korean consumer electronics brand, launched two ultra-gear Organic Light-Emitting Diode (OLED) monitors for a better gaming experience.

Gaming Monitors Market: Competitive Analysis

The global gaming monitors market is led by players like:

• LG
• Dell
• HP (Hewlett-Packard)
• ASUS
• Lenovo
• Acer
• Gigabyte
• Samsung
• Sony
• BenQ
• MSI (Micro-Star International)
• AOC
• Philips
• ViewSonic
• Alienware (a subsidiary of Dell)

The global gaming monitors market is segmented as follows:

By Screen Size

• More than 32 Inches
• 27-32 Inches
• Less than 27 Inches

By Sales Channel

• Offline Stores
• Online Stores

By Panel Type

• VA Panel
• TN Panel
• IPS Panel

By End-Users

• Consumers
• Commercial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa