Shipment of gaming monitors is expected to increase 5 percent to 20.8 million units in 2023 from a 13 percent drop to 19.8 million units in 2022, TrendForce’s latest research reveals.
The global gaming monitors industry faced the first decline last year since 2016 due to high inflation.
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The expected recovery in demand for gaming monitors will mostly be driven by three factors: First, a number of brands are replacing their 75Hz models with 100Hz models. Second, the 2023 Hangzhou Asian Games is scheduled to take place in the third quarter, where Esports is set to be one of the competing categories. Lastly, China has finally begun lifting COVID restrictions, which means demand for Internet cafes should gradually recover.
Vertical alignment (VA) LCD monitors took the major share of the market in 2022 at 51 percent. This was followed by in-plane switching (IPS) LCD monitors at 43.4 percent, and finally twisted nematic (TN) LCD monitors accounted for 5 percent. OLED gaming monitors have grown in popularity, taking 0.6 percent of the market share in 2022.
OLED gaming monitors share is expected to grow to 1.6 percent in 2023. TrendForce predicts that IPS monitors may begin competing with VA monitors given that not only are IPS products increasing their market share but many IPS gaming monitors are seeing a continuous price reduction.
In 2022, 165–180Hz gaming monitors had the highest market share at 51.9 percent, followed by 120–160Hz monitors at 32.5 percent, 200Hz and above at 11.7 percent, and finally 100Hz at 3.9 percent. Market share of 165–180Hz and 100Hz gaming monitors will increase significantly in 2023. 165–180Hz gaming monitors will absorb the market share of 120–160Hz gaming monitors as the price difference between the two ranges is not large.
100Hz gaming monitors will come to mostly replace 75Hz gaming monitors, and TrendForce predicts that their market share will increase 5.1 percentage points to 9 percent in 2023 (the market share of 100Hz monitors mentioned in this article only accounts for gaming monitors).