Home > > Semiconductor And Electronics > > Gaming Monitors Market | Size, Share & Forecast 2024-2031
Id: CBI_ 1433 | Pages: 289 | Format : PDF | Published : | Author : Pawan Chasta
The Gaming Monitors Market size is estimated to reach over USD 17,568.88 Million by 2031 from a value of USD 10,265.62 Million in 2023 and is projected to grow by USD 10,795.94 Million in 2024, growing at a CAGR of 6.9% from 2024 to 2031.
Gaming monitors refer to specialized displays specifically designed to enhance the gaming experience by providing high refresh rates, low response times, and adaptive sync technologies. These are built to display games more smoothly and clearly, providing an overall better and more immersive gaming experience. Moreover, they offer a range of benefits including smooth gameplay, quick response, high resolutions, better brightness and contrast, customizable settings, and others. The benefits mentioned above are primary determinants for driving the global gaming monitors market.
Esports players and competitive gamers require top-notch monitors with qualities such as quick response times, high refresh rates, and minimal input lag to improve gaming accuracy and smoothness. Professional athletes and teams purchase high-quality gaming gear to enhance their performance in practice and competitions, impacting what consumers prefer and shaping market trends. Additionally, the widespread audience of esports tournaments on platforms such as Twitch and YouTube introduces millions of people to the latest gaming technologies, leading to a growing interest in recreating the professional gaming experience remotely.
Furthermore, gaming monitor companies are increasingly collaborating with e-sports teams to develop and promote displays tailored to the needs of competitive players, leveraging their expertise to create optimal gaming solutions
Thus, as per analysis the rising popularity of esports is driving the gaming monitors market trend.
The lack of technological compatibility is a major limitation in the gaming monitor industry. Utilizing advanced functions like 4K resolution, high refresh rates, and adaptive sync technologies requires expensive and powerful hardware such as high-end GPUs, and capable CPUs. This also requires modern connectivity standards like HDMI 2.1 and DisplayPort 1.4. Individuals using older systems may encounter compatibility problems, which may require expensive upgrades for not only monitors but also graphics cards, power supplies, and cooling systems. Therefore, the technological compatibility associated with the monitors is limiting the gaming monitors market growth.
AI technologies enable features including real-time image and color adjustments based on game content, automatic calibration for optimal visual quality, and predictive analytics to improve gaming performance. Additionally, AI-driven smart features could provide personalized settings and recommendations, adaptively learning user preferences over time.
Therefore, the analysis shows rising innovation in AI, integrated with these monitors creates new avenues for the gaming monitors market.
Based on the panel type, the market is segmented into Twisted Nematic (TN), In-Plane Switching (IPS), Vertical Alignment (VA), and OLED (Organic Light-Emitting Diode).
Trends in the panel type:
The IPS segment accounted for the largest revenue share in 2023.
The OLED segment is anticipated to register significant CAGR growth during the forecast period.
Based on resolution the market is segmented into Full HD, QHD, and 4K.
Trends in the resolution:
The Full HD segment accounted for the largest revenue share of 39.01% in the year 2023.
The 4K resolution segment is anticipated to register the fastest CAGR growth during the forecast period.
Based on Distribution channels, the market is segregated into online, specialty stores, retail stores, enterprises, and others.
Trends in the sales channel:
The online segment accounted for the largest revenue share in the year 2023 and is anticipated to register the fastest CAGR growth during the forecast period
Based on end-use the market is segmented into Gaming Professionals, Casual Gamers, Content Creators, and others.
Trends in the end-user:
The Gaming Professionals segment accounted for the largest revenue share in 2023 and is anticipated to register the fastest CAGR growth during the forecast period.
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
North America is expected to register a CAGR of 7.0 % during the forecast period. The gaming monitors market is experiencing robust growth driven by the high adoption rate of advanced gaming technologies and a strong presence of gaming enthusiasts. The region benefits from a well-established gaming culture, including numerous gaming events and a large number of gaming professionals. Major players in the gaming industry, along with significant consumer spending on high-end gaming accessories, contribute to North America's leading market.
Asia-Pacific accounted for the revenue share of USD 2,634.24 Million in 2023 and is expected to reach USD 4,664.54 Million by 2031. In addition, China accounted for the maximum revenue share of 38.6% in 2023.
The demand for a range of gaming monitors is fueled by the region's extensive and varied gamer population, including both affordable and premium options. The increase in e-sports tournaments and gaming cafes, paired with the rising popularity of mobile and PC gaming, is driving the notable expansion of the gaming monitors market in Asia-Pacific. Moreover, the presence of technological advancement and a robust manufacturing sector in the area allows for the presence of cost-effective and cutting-edge monitors.
As per gaming monitors market analysis, Europe is experiencing a gradual growth in the gaming monitors market, fueled by rising consumer enthusiasm for gaming and an expanding e-sports community. The different gaming preferences in countries across the region lead to a need for a variety of monitors. Demand for high-resolution and high-refresh-rate displays is on the rise among European consumers looking for monitors that provide better performance and gaming experiences. Major gaming conventions and events in Europe drive the market as gamers and professionals look for cutting-edge technology to remain competitive.
In the Middle East, Africa, and Latin America, the gaming monitors market is poised for growth due to several key factors. The growing interest in gaming and e-sports, along with better internet access and rising disposable incomes, is causing a greater need for advanced gaming technology across Brazil, UAE, Mexico, and others.
The gaming monitors market is highly competitive with major players providing enhanced user experience, realism, and immersion to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the gaming monitors market. Key players in the gaming monitors industry include-
Business Expansion
Collaboration
Product Launch
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 17,568.88 Million |
CAGR (2024-2031) | 6.9% |
By Panel Type |
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By Resolution |
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By Sales Channel |
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By End-User |
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By Region |
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Key Players |
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North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
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Gaming Monitors refer to specialized displays specifically designed to enhance the gaming experience by providing high refresh rates, low response times, and adaptive sync technologies. These monitors are built to display games more smoothly and clearly, providing an overall better and more immersive gaming experience.
Use of multiple monitors with different resolutions is a growing trend among gamers and streamers to have more screen space and boost productivity, by mixing Full HD, QHD, and 4K screens.
Key players in gaming monitors are Acer Inc (Taiwan), Asus (Taiwan), Lenovo (Hong Kong), Dell (US), Samsung Electronics (South Korea), Phillips (Netherlands), HP (US), Alienware (US), AOC (Taiwan), GIGABYTE (Taiwan), LG (South Korea) and others.