Thursday, July 18th 2024
Gaming Monitor Market Expected to Reach 27.4 Million Units by 2028
New insights from Omdia's Desktop Monitor Intelligence Service show the gaming monitor market, featuring refresh rates over 120 Hz, is expected to grow by 9% YoY to 24.7 million units in 2024. Meanwhile, the smart monitor market, equipped with operating systems and streaming service portals, is projected to expand by 63% YoY to 1.2 million units.
In 1Q24, desktop monitor shipments hit 30.7 million units, a 5% increase year-on-year (YoY). The industry has been growing steadily since 3Q23, overcoming post-pandemic logistical disruptions. Notably, the gaming monitor market and smart monitors are expanding rapidly. This growth is driven by added value and high functionality, particularly in both monitor categories.
Amid this, the market for gaming monitors with refresh rates exceeding 120 Hz and smart monitors equipped with OS and streaming service portal apps like TVs has been expanding rapidly.
According to Hidetoshi Himuro, Senior Principal Analyst at Omdia, "Monitors are following the same trajectory as TVs in becoming smarter. The focus is on maximizing the content they can handle and broadening the user experience in the B2C market for gaming and smart monitors."
Samsung and LGE from South Korea currently dominate smart monitor shipments. Acer is following, with other brands from Taiwan, the US, and China expected to enter the market soon. In the gaming monitor sector, there is potential for non- gaming monitors to emerge featuring refresh rates exceeding 120 Hz. Consequently, the shipment performance of gaming monitors, defined by their maximum refresh rates, is anticipated to rise.
Omdia forecasts that the gaming monitor market will expand to 27.4 million units by 2028, and the smart monitor market will grow to 2.1 million units, including demand from B2B applications.
In 2024, the smart monitor market is projected to reach 1.2 million units in 2024 driven primarily by TV system-on-chip due to the integrated operating systems, setting them apart from traditional desktop monitors. MediaTek, Novatek, and Realtek were the leading TV SoC vendors in 2023. Their combined market share is expected to rise to 84% in 2024, up from 83% in 2023.
"There are distinct issues in the smart monitor market depending on the vendor type. We anticipate that four operating systems - Tizen, WebOS, AOSP China, and Google will become key players in 2024-25. Additionally, Wi-Fi experience and new user interfaces, such as remote control, are crucial factors in this evolving market," concludes Himuro.
Source:
Omdia
In 1Q24, desktop monitor shipments hit 30.7 million units, a 5% increase year-on-year (YoY). The industry has been growing steadily since 3Q23, overcoming post-pandemic logistical disruptions. Notably, the gaming monitor market and smart monitors are expanding rapidly. This growth is driven by added value and high functionality, particularly in both monitor categories.
According to Hidetoshi Himuro, Senior Principal Analyst at Omdia, "Monitors are following the same trajectory as TVs in becoming smarter. The focus is on maximizing the content they can handle and broadening the user experience in the B2C market for gaming and smart monitors."
Samsung and LGE from South Korea currently dominate smart monitor shipments. Acer is following, with other brands from Taiwan, the US, and China expected to enter the market soon. In the gaming monitor sector, there is potential for non- gaming monitors to emerge featuring refresh rates exceeding 120 Hz. Consequently, the shipment performance of gaming monitors, defined by their maximum refresh rates, is anticipated to rise.
Omdia forecasts that the gaming monitor market will expand to 27.4 million units by 2028, and the smart monitor market will grow to 2.1 million units, including demand from B2B applications.
In 2024, the smart monitor market is projected to reach 1.2 million units in 2024 driven primarily by TV system-on-chip due to the integrated operating systems, setting them apart from traditional desktop monitors. MediaTek, Novatek, and Realtek were the leading TV SoC vendors in 2023. Their combined market share is expected to rise to 84% in 2024, up from 83% in 2023.
"There are distinct issues in the smart monitor market depending on the vendor type. We anticipate that four operating systems - Tizen, WebOS, AOSP China, and Google will become key players in 2024-25. Additionally, Wi-Fi experience and new user interfaces, such as remote control, are crucial factors in this evolving market," concludes Himuro.
11 Comments on Gaming Monitor Market Expected to Reach 27.4 Million Units by 2028
I've tried multiple recent/newer TV's with these os's, and all of them suk wallah....
They either skip, lag, struggle with large data loads, are slow AF, and the menu layouts are strange at best, horrible at worst, with almost ZERO organization or logical arrangement of icons....
And of course, ALL of them require an internet connection, which means that you WILL be tracked, served tons of ADs, and can be subjected to hacking, stacking, smishing/fishing/swishing attacks just like any other online device..
Ummm.. NO THANKS.... I like the way monitor tech is advancing for the most part, but my internet connections are being kept far, far away from them and/or turned off/disabled completely...
No. None of that crap, none of that crap in my PC display ever.
I've got a 32" 4K smart Monitor on my desk as the secondary display.
I rarely use the Streaming services it has.
5% 1080p
30% 1440p
60% 2160p
5% 4320p and other resolutions above 2160p
1080p 57.4%
1440p 19.4%
4K 3.7%
8K to little to bother reporting
There is a good reason why 4K has never taken off and it's not the cost of the monitor which is pretty reasonable for a while now. It's the cost of the GPU to render the 4K games. Yes, there are software improvements that allow better frame rates but every gamer knows that as the years go by games just get more and more demanding and the 4K goalpost has always been a moving target that just keeps getting pushed forward out of reach for the vast majority of gamers perpetually.
Remember that the shipments are predetermined by the manufacturing plan. If you want, tomorrow you can ship 100% 4K gaming monitors :D
And remember the poll here, which is highly representative, not like steam which includes all types of devices, poor people and Africa.
1080p 26.8%
1080p wide 1.5%
1440p 36.4%
1440p wide 8.4%
1440p dual 2.3%
2160p 24.5%
www.techpowerup.com/forums/threads/what-display-resolution-are-you-using.294103/page-5
>lets arbitrarily leave out a large chunk of said market if it doesn’t fit our vision of what it should be
Never change, ARF, never change