The International Data Corporation (IDC) predicts that global shipments of gaming monitors will see a significant growth of 10.8 percent year over year in 2023. In contrast, the gaming PC market is expected to decline by 10.5 percent during the same period. However, the decline in the gaming PC market is projected to be less than the overall PC market due to enticing offers on previous generation products and current generation discounts.
Many buyers are taking advantage of these offers to upgrade their gaming setups at more affordable prices. The gaming monitor market, on the other hand, has rebounded in the first half of 2023 due to vendors strategically focusing on profitable display market segments.
Jitesh Ubrani, research manager for IDC’s Mobility and Consumer Device Trackers, explains that poor macroeconomic conditions impact the purchasing power of both general consumers and gamers. As a result, many gamers choose to keep their existing PCs for longer periods or consider purchasing refurbished gaming PCs to manage costs.
After five quarters of year-on-year volume declines, the gaming monitor market showed positive momentum in the second quarter. Improved cost structures and sustained industry focus are expected to drive a robust recovery in this market. The cost-effectiveness of gaming monitors, which are priced slightly over $300 on average, makes them an attractive option for enhancing the user experience in both gaming and other activities.
Looking ahead, the market is anticipated to see further improvements in 2024 and beyond. Gaming PCs are projected to experience a compound annual growth rate (CAGR) of 4.6 percent between 2023 and 2027, indicating a resurgence in demand. Similarly, gaming monitors are forecasted to experience a CAGR of 7.7 percent during the same period, demonstrating a positive trajectory for this essential gaming device category.
Sources:
– International Data Corporation (IDC)
