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Gaming monitors are types of monitors, which are made to make graphics card and CPU output seem as nice as possible while gaming. They are in charge of presenting the end result of all computer's picture rendering and processing, but their depiction of color, motion, and image sharpness might be quite different than ordinary monitors. In general, response time and screen size are the two most important variables that gamers consider when purchasing a gaming monitor.
A higher pixel count improves the game experience and provides players with higher resolution. The 4:3 and 16:9 aspect ratios are available on older gaming monitors. Headphone outputs and built-in speakers, warranties up to three years, small weight, HDMI connection, and Bluetooth connectivity are some of the major characteristics supplied by industry participants in the gaming monitors market.
The most simple and popular method of purchasing these gaming monitors is through e-commerce websites. With a diversified setup of different sellers, e-commerce websites provide a variety of product options as well as cost savings. All these factors are assisting the growth of gaming monitors market globally.
The global gaming monitors market is segmented on the basis of type, panel type, sales channel, application, and region. Based on type, the market is divided into less than 23 inches, 23-25 inches, and 25 inches and more. In terms of panel type, the market is categorized into IPS panel, TN panel, and VA panel. On the basis of sales channel, the market is divided into online stores and offline stores. On the basis of application, the market is divided into commercial and consumer. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global gaming monitors industry include ASUSTeK Computer Inc., Dell Inc., HP, Samsung Electronics Co. Ltd., AOC Systems Incorporated, Lenovo Group Limited, LG Electronics, Acer Inc. ViewSonic, Sharp. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global gaming monitors market.
COVID-19 Impact Analysis
The COVID-19 pandemic has slowed the growth of several sectors, including automobiles, oil & gas, and others. It has taken a toll on people all across the world. People were forced to stay indoors during the first months of the virus's transmission, especially when several countries throughout the world enforced partial or total lockdowns to stop the virus's spread.
As a result, customers were driven to pursue their passion while adhering to social distancing standards. Thus, the demand for gaming monitors increased, as gaming became one of the most popular pastimes during lockdowns. As a result of the pandemic, sales of gaming monitors increased significantly, maintaining the gaming monitors market equilibrium.
Top Impacting Factors
The global gaming monitors market is expected to be driven by an increase in the number of gaming integration and fans of progressive features by leading industry participants. Major market players are investing in R&D to create and launch technologically sophisticated goods. The cost of acquiring a gaming monitor is expected to limit the gaming monitor market growth, which is a restraining factor for the market. Using and purchasing a gaming monitor on a limited budget is difficult.
A decent gaming display will set you back between $300 and $500. The high cost of the monitor and the costs of maintaining it are likely to limit gaming monitors market expansion. Technical advancements in the gaming monitor market, such as GPU technology and game content, are expected to provide opportunities for market participants during the gaming monitors forecast period.
Furthermore, owing to the potential, the organization of the gaming monitor panel is expected to alter substantially, focusing on the two key characteristics of response time and frequency rate, power consumption, color gamut, taking resolution, HDR, and synch into account.
New Product Launches to Flourish the Market
In June 2021, Samsung Electronics, a South Korean company and one of the world's largest producers of electronic devices, has launched its 2021 Odyssey flat-screen monitor series, which will range in size from 24 to 28 inches. Odyssey G7 28-inch, Odyssey G5 27-inch, and Odyssey G3 27-inch and 24-inch models are among the new series' offerings.
In June 2021, Microsoft, an American multinational technology company is adding new monitors and screens to its Designed for Xbox initiative. Some game monitors will now display a new "Gaming Features for Xbox" label, indicating that it supports the Xbox Series X and Xbox Series S consoles with the newest HDMI 2.0 technology, variable refresh rates, HDR, and 4K at 120Hz compatibility.
In addition, LG, a South Korean multinational electronics company, released a 32-inch gaming display called 32-inch UltraGear monitor, 32GP850, on June 2021. It has a Nano IPS display with a quad high definition (QHD) resolution of 2,560 by 1,440 pixels and a refresh rate of 180 fps.
Surge in Expansion of the Online Gaming Industry
The gaming monitors market is expected to increase due to the productive expansion of online gaming contests. The industry is expected to be driven by gaming platforms such as e-sports. In the current market situation, e-sports are witnessing substantial market demand and driving the global gaming business.
Increased internet infrastructure is also a significant driver of industry expansion. Curve panels and refresh monitors are the latest trends that are expected to drive the gaming monitor market over time as more gamers are drawn by them for a better experience.
Key Benefits of the Report
Questions Answered in the Gaming Monitors Market Report
Key Market Segments
Key Market Players