Gaming Monitors Market Growth Predicted at 6% CAGR by 2030
The rise in demand for the online gaming activities and sports is directly related to the increase in gaming monitors, which forecasts the market to see an immense boost. According to the Future Market Insights (FMI), the global gaming market is predicted to rise rapidly at a CAGR of 6.0% during the period from 2020 to 2030.
Digitalization has rapidly taken over the world. With easy access to electronic devices and low cost data services, E-sports consumption has been steadily increasing. Online gaming has become an integral part of the society today, with the 2018 Asian games featuring E-sports as a demonstration sport in the event. The increasing audience has helped cement E-sports as an authentic professional sport, creating a flourishing market in the gaming monitors market.
Rising interest in online gaming tournaments is forecast to boost the market. Increasing internet penetration also is playing a major role in propelling the growth of the market. Noticeably rising demand for E-sports is expected to create lucrative opportunities through the forecast period. Moreover, excellent sales performances of curved gaming monitors are anticipated to bode well for the market.
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Improvements to Offer Better Connectivity Aiding Growth
Monitors are increasingly being made with full support for HDMI ports, DisplayPort, USB-C standard, a cable, and connector specification that have made connectivity simpler. This support has helped in eliminating the need for trouble prone and costly desktop docking stations. It also has reduced the number of connector cables needed and turn monitors into USB hubs. Many monitors also include Thunderbolt 3 ports such as downstream and upstream to provide a single-cable solution for data transfers and charging. USB-C can offer more reliability and less clutter, thus most of the players have started offering support for connections such as Thunderbolt 3 for better connectivity.”
VALUABLE INSIGHTS INTO THE GAMING MONITORS MARKET
The Future Market Insights (FMI) has published a detailed analysis of the gaming monitors market with predictions for the 2020-2030 period. In order to give a detailed analysis, the market has been segmented according to various classifications. The market is divided into Panel type that includes IPS panel, TN panel and VA panel. Based on the screen size the market is divided into screens less than 27 inches, screens that are 27-32 inches and screens that are more than 32 inches. The market is segregated according to the sales channel as online stores or offline stores; or also according to the end user as consumer or commercial. Lastly the market is segmented according to the region as North America, Latin America, Europe, South Asia and Pacific, East Asia, Middle East and Africa.
Market Players: ASUSTeK Computer Inc., Samsung Electronics Co. Ltd., Dell Inc., HP, AOC Systems Incorporated, LG Electronics, Lenovo Group Limited, Acer Inc.
Key Segments
Panel Type
- IPS Panel Gaming Monitors
- TN Panel Gaming Monitors
- VA Panel Gaming Monitors
End-user
- Commercial
- Consumer
Sales Channel
- Online Stores
- Offline Stores
Screen Size
- Less than 27 inches
- 27-32 inches
- More than 32 inches
Regional Outlook
- North America – U.S., Canada
- Latin America – Brazil, Mexico and rest of Latin America
- Europe – Germany, France, Italy, UK, Spain, BENELUX, Russia, and rest of Europe
- South Asia & Pacific – India, Thailand, Indonesia, Malaysia, Australia & New Zealand, and rest of South Asia & Pacific
- East Asia – China, Japan, South Korea
- Middle East & Africa – GCC counties, Northern Africa, South Africa, and the rest of Middle East And Africa
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Key Questions Answered in the Report
- At what rate the global gaming monitors market is forecast to grow?
According to FMI, the global market is expected to rise at a CAGR of 6.4% between 2020 and 2030.
- Which are the lucrative markets for gaming monitors?
North America holds lion’s share of the market. Europe and East Asia also accounts for a sizeable share of global market and holds dominance backed by surging demand and production in their strong markets.
- What is the outlook on the market?
Due to COVID-19, manufacturing activities of the global market were affected owing to the restrictions imposed by governments and current financial scenario. But, FMI foresees recovery attributable to the increasing interests towards gaming.
- Which is the most preferred size of gaming monitors?
Less than 27 inches size is foreseen to remain as the most preferred size throughout the forecast period.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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