Gaming Monitors Market Emerging Trends, Size, Share and Growth Analysis by 2031

The rise in demand for the online gaming activities and sports is directly related to the increase in gaming monitors supply, 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. Noticeablyrising 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.

Future Marketing Insights (FMI) has projected the global gaming monitor market to exhibit a CAGR of 6.4% during the forecast period. The market is projected to reach US$ 5,603 Mn by the end of 2030.

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KEY TAKEAWAYS FROM THE GAMING MONITORS MARKET

Increasing E-sports championships, gaming events and game developing companies will affect the adoption of gaming monitors, giving it a boost commercially
The gaming monitors market is expected to grow at a CAGR of 6.0% during the forecast period of 2020-2030
Consumers from the ages of 18 to 35 years are expected to be the dominant consumer in the market
Double the increase in market value of the 27-32 inches screen size sub segment is expected by 2030
The consumer end-use segment is expected to continue its dominance over the forecast period with almost 75% shares in the gaming monitors market
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.”

“While several other markets seem to struggling amid COVID-19 outbreak, gaming monitors’ producers are likely to enjoy improved prospects. With consumers choosing to spend their maximum time indoors to avoid contracting the virus, their interest in online sports and gaming have surged. Most market players are expected to capitalize on this opportunity to strengthen their footprint in the coming years,” said a lead analyst at FMI.

WHO IS WINNING?

Some of the key players of the gaming monitors market are ASUSTeK Computer Inc., Samsung Electronics Co. Ltd., Dell Inc., HP, AOC Systems Incorporated, LG Electronics, Lenovo Group Limited and Acer Inc.

The gaming monitors market is a rapidly changing and competitive market. Companies continually work to create newer designs and better technology. The companies are partaking in collaborations and partnerships to enhance their products and broaden their audience. Europe and North America are important markets, holding 50% of the global gaming monitors market share.

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.

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Key Questions Answered by the Report

At what rate theglobal 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 lucrativemarkets 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.

Which are the top companies in the gaming monitors market?
Some of the leading companies operating in the gaming monitors market are ASUSTeK Computer Inc., Samsung Electronics Co. Ltd., Dell Inc., HP, AOC Systems Incorporated, LG Electronics, Lenovo Group Limited, and Acer Inc among others.

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.

What are key factors driving the global gaming monitors market ?
Rising internet penetration, increasing adoption of e-sports, and consistent technological improvements by manufacturers are expected to drive the gaming monitors market.

Key Questions Answered by the Report

At what rate theglobal 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 lucrativemarkets 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.

Which are the top companies in the gaming monitors market?
Some of the leading companies operating in the gaming monitors market are ASUSTeK Computer Inc., Samsung Electronics Co. Ltd., Dell Inc., HP, AOC Systems Incorporated, LG Electronics, Lenovo Group Limited, and Acer Inc among others.

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.

What are key factors driving the global gaming monitors market ?
Rising internet penetration, increasing adoption of e-sports, and consistent technological improvements by manufacturers are expected to drive the gaming monitors market.

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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.

This release was published on openPR.