The global PC monitor market registered 0.3 percent increase in shipment volume to 36.5 million units in the first quarter of 2022 compared to the same quarter a year ago, IDC report said.
PC monitor business achieved good commercial uptake in nearly all regions, as well as improved product availability to fulfill markets that had been previously neglected due to product and logistical challenges. PC monitor business faced building up of consumer inventories due to inflationary concerns and more diversified spending.
IDC expects PC monitor shipments will decline as the market digests the tremendous volumes recorded in 2020 and 2021. IDC has lowered the outlook for the rest of 2022 compared to the previous forecast with global shipments expected to shrink 2.5 percent year over year in 2022.
IDC expects 2023 PC monitor shipments will decline 1.5 percent before stabilizing in 2024. China, the second largest market in the world, has notably lowered its forecast due to much gloomier outlook. Consumer demand has been pared back while commercial demand has been raised.
“We are seeing large portions of the consumer demand slowing amidst economic challenges and budget diversion as countries continue to re-open,” said Jay Chou, research manager for IDC’s Client Devices Tracker.
Dell expanded its leadership position in the PC monitor business with 22.4 percent share in Q1 2022 as compared with 18.7 percent in Q1 2021 through its supply chain competency and commercial sales.
TPV (10.8 percent), Samsung (10.6 percent), HP (10.4 percent) and Lenovo (10.1 percent) are the other suppliers in the global PC monitor business.
