Gaming Monitors Market is Predicted to Reach USD 17.2 Billion at a CAGR of 6.80 % by 2032- Report by Market Research Future (MRFR)
Gaming Monitors Market is Growing Adoption of Wearable Devices to Boost the global Market Growth
New York, USA, July 20, 2023 (GLOBE NEWSWIRE) -- According to the research report published by Market Research Future Market Research Future (MRFR),” Gaming Monitors Market Research Report Information By Panel Type, By Screen Size, By Sales Channel, By End User, and By Region – Market Forecast Till 2032”, Market could thrive at a rate of 6.80% between 2022 and 2032. The market size will be reaching around USD 17.2 billion by the end of the year 2032
*Key Players *
Eminent industry players profiled in the global Gaming Monitors market report include
· Samsung Electronics Co., Ltd.
· LG Electronics
· Dell Inc.
· ASUSTek Computer Inc.
· GIGA-BYTE Technology Co., Ltd.
· AOC Global
· Micro-Star INT'L CO., LTD.
· CORSAIR
· BenQ Corportation.
Online gaming is growing rapidly in popularity as more people get access to the internet. The technological potential of online gaming is infinite, and the number of players keeps growing. After the COVID-19 outbreak, gamers and playing time increased across all online gaming platforms.
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*Report Scope:*
*Report Metric* *Details*
Revenue Forecast in 2032 USD 17.2 Billion
Growth Rate CAGR of 6.80% from 2023 to 2032
Base Year 2022
Study Period 2023-2032
Key Market Opportunities Technical advancements in the gaming monitor
Key Market Drivers Increase in the number of gaming integration and fans of progressive features by leading industry participants and growing availability of the internet
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*Gaming Monitors Market Dynamics*
A rise in the number of gamers and the incorporation of cutting-edge technology in gaming monitors by industry players are expected to drive the market. For instance, the Asia-Pacific region has almost 1.5 billion video gamers, but the US has roughly 57.4 million console online players.
Although gaming monitors can be purchased for between $100 and $300, the low resolution, slow refresh rates, and long response times leave many users disappointed. The cost rises as technological advancements and stylistic variety increase. It is anticipated that the sector will be constrained by the high cost of game screens. Online gaming tournaments, leagues, championships, and events are planned by international gamers and sponsored by sponsorships.
The market is also predicted to profit from the lucrative expansion of online gaming competitions and rising interest in online gaming tournaments throughout the course of the forecast period. Throughout the anticipated period, market growth is expected to be constrained by high investment costs for immersive and lifelike gaming displays. If the online players are just getting started and are on a tight budget, installing gaming monitors might get expensive. An expensive gaming display could cost you up to USD 3000 or more.
The prize pools for many online video game championships range from USD 3.5 to USD 10 million, including those for the Call of Duty Championship, Counter-Strike: Global Offensive Major Championships, eSports World Convention, Evolution Championship Series, FIFA eWorld Cup, Fortnite World Cup, Dreamhack, Intel Extreme Masters, League of Legends World Championships, and Overwatch League Grand Finals. Additionally, they draw big crowds and break streaming viewership records. Gaming stimulators have recently received a lot of attention as a result of their extensive use in the world's rapidly growing gaming communities, notably in emerging countries like India and China. The market for online gaming monitors is predicted to have huge growth potential due to the rapidly developing online gaming ecosystem.
The market will profit from the accelerated development of digital infrastructure brought on by the widespread use of low-cost electronic gadgets and inexpensive data services. The growth of e-sports competitions and tournaments will benefit the sector over the coming years. driving the gaming monitors market's revenue in the process.
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*Gaming Monitors Market Segmentation *
Based on panel type, the gaming monitors market is segmented into IPS, TN, and VA panels. In 2022, the TN panel category dominated the world market. Due to the benefits offered, such as quick response times, low refresh rates, negligible motion blur, and low input latency, this is the case.
Less than 27 Inch, 27-32 Inch, and More Than 32 Inch are the screen size categories included in the segmentation of the gaming monitors market.
In 2022, the gaming monitors market was led by the category of less than 27 inches. The advantages of small gaming models, such as their rapid refresh and reaction rates, are what propel the market.
Online stores and physical stores are also included in the segmentation of the gaming monitors market based on sales channel. In 2022, the online segment dominated the market for gaming monitors. This is because it offers a broad choice of goods with thorough descriptions and characteristics.
Commercial and Consumer end users are included in the segmentation of the gaming monitors market based on end user. In 2022, the global market was led by the consumers segment. The rise in gaming enthusiasts and the demand for gaming displays in developing nations are to blame for this.
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*Regional Analysis *
The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world, by region. In 2022, this market was dominated by the North America Gaming Monitors Market (45.80%). High-end gaming displays that cost more than USD 900 through offline channels are in high demand in the region. Compared to Canada's USD 3.05 billion, the US gaming market was predicted to be worth USD 36.92 billion overall. Around 19% of the global gaming market comes from the U.S., and demand is anticipated to be high during the projected period. Additionally, the North American gaming monitors market in the United States had the biggest market share, while the market in Canada had the quickest rate of expansion.
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