The gaming industry is now worth nearly USD 200 billion which has already caught the attention of more than 3.2 billion gamers globally. With the rapid integration of innovative and advanced technologies in PC, mobile gaming, and console; market players are offering immersive gaming experiences for users.
Focusing on PC gaming, the best output of a computer system depends upon a range of hardware configurations including powerful graphic cards, high-performance CPU, and cutting-edge features such as high-capacity RAM. Above all, choosing the best gaming monitor remains a vital step for a smooth and phenomenal experience for gamers.
Understanding Gaming Monitor Its Major Features
A gaming monitor is a visual display unit of a computer, which is designed for gaming purposes. Unlike regular monitors, it has higher image resolutions, faster refresh rates, and quicker response time. The monitor is largely suitable for a variety of fast-action PC games, especially shooting, racing, and sports.
Having basic knowledge regarding key hardware configurations of monitors is the right place to start with the selection of the best gaming display. Major hardware configurations are based on screen size, panel technology, pixel response, input lag, and refresh rate.
The maximum output and performance of a monitor need the right hardware configurations. In general, high-performance monitors come with high prices. A range of displays with a matrix of hardware configurations from different manufacturers is available in the market and the choice of the best gaming monitor comes with the option of different price ranges.
Major Manufacturers of Gaming Monitor
Lenovo; HP Inc.; Dell Technologies, Inc.; Acer Inc.; LG Electronics; and Samsung Electronics Co., Ltd. are major PC monitor manufacturers that dominate the global gaming monitor market. Let’s explore the market positions of these companies and their flagship products.
Till the third quarter (Q3) of 2022, the top three companies, namely, Lenovo; HP Inc.; and Dell Technologies, Inc. held nearly 60% share of the global PC market.
1. Lenovo
Lenovo is a China-based technology company that specializes in designing and manufacturing consumer electronics, personal computers, software, and related services. The company was the market leader that made 17.11 million PC unit shipments during the Q3 of 2022.
It has launched a series of gaming monitors, including G-Series, L-Series, Q-Series, and Y-Series that had a price range of USD 220 to USD 1400.
On November 10, 2020, Lenovo launched two gaming monitors engineered to be stutter-free technology with AMD FreeSync Premium Technology; Lenovo G27q-20 and Lenovo G27-20.
The new Lenovo G27q-20 comes with a high-resolution display Quad High Definition (QHD) (2560 x 1440) and an Anti-glare 27-inch display with a refresh rate of up to 165Hz for a better gaming experience.
Lenovo shipped 17.11 million personal computers during Q3 2022, surpassing HP's 12.71 million shipments in that same quarter and retaining its position as a market leader. Dell occupies third place on the list, shipping 12.02 million PCs.
2. HP Inc.
HP Inc. is an America-based multinational information technology company that was formed in November 2015, following the break-up of its predecessor, Hewlett-Packard Company. In recent years, HP Co became one of the leading manufacturers of personal computers worldwide and a global manufacturer of servers, storage devices, and networking equipment, as well as delivering a variety of IT services for both consumers and enterprises.
Hp Inc. develops personal computers, printers, and related supplies, as well as 3D printing solutions. Its revenue was over 63 billion U.S. dollars in 2021, with the personal systems segment bringing revenue of almost 43 billion U.S. dollars.
HP Inc, the hardware business of the former Hewlett-Packard Company, shipped 12.83 million units of personal computers in the first quarter of 2019 and is second only to Lenovo in terms of unit sales. Global personal computer shipments have mostly declined since 2011.
HP Inc’s position in the PC market
Since 2017, the company began to specialize in products geared toward gamers, an industry that has reached over 23 billion U.S. dollars in revenue. In the Q3 of 2022, HP Inc. took an 18.7 percent share of the market. HP Inc’s closest competitor within the PC industry is Lenovo, which had a market share of 25.2 percent of global PC shipments.
Within the hardcopy peripherals sector, HP Inc has the market lead with 40.5 percent, and in early 2019 teamed up with the Xerox Corporation to offer a portfolio of compatible hardcopy peripheral products and services.
Hp Inc. launched a new curved gaming monitor which comes with a 27c inch panel with 450 nits of brightness that has a resolution of 2,560 x 1,440px. It has a VA panel that offers 1000R curvature and even supports a 240Hz refresh rate as well.
3. Dell Technologies, Inc.
Dell Technologies, Inc. (Dell) is a US-based technology company that designs and develops computer components including hardware and software. In the Q3 of 2022, Dell accounted for a 17.7% share of global PC unit shipments, trailing after two leading PC vendors namely Lenovo and HP Inc.
Dell’s flagship products, Alienware series 25, 27, 34, and 38 are popular gaming monitors that come in the price range of USD 420 to USD 1290. The Alienware 38 is a curved gaming monitor with a 37.5" size and fast IPS with NVIDIA® G-SYNC® ULTIMATE certification, VESA Display HDR™ 600, and IPS Nano Color. The company set the launching price of the monitor at USD 1,349.99.
Gaming Monitor Market Size and Valuation
Gaming monitors with immersive and true-to-life experiences have high investment costs, which is estimated to hamper the growth of the market over the forecast period.
The global gaming monitor marketsize was valued at USD 1,659.9 Million in 2019 and is projected to reach USD 11,884.2 Million by 2027,expanding at a CAGR of 26.1%during the forecast period, 2020-2028.
Key players in the global market are Acer Incorporated; ASUSTeK COMPUTER INC.; Dell Technologies, Inc; HP Inc; Koninklijke Philips N.V.; Lenovo Group Limited; LG Electronics Inc; MICRO-STAR INTERNATIONAL CO., LTD.; Qisda Corporation; Samsung Electronics Co., Ltd; and SCEPTRE Inc.
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Conclusion
The number of gaming enthusiasts is rapidly increasing as the market players are adopting advanced features for a better gaming experience. For instance, the number of video gamers reached nearly 1.5 billion in Asia Pacific and the number of online console gamers reached nearly 57.4 million in the US.
Rising interest in online gaming tournaments and increasing demand for e-sports among millennials can fuel the demand for gaming monitors. Additionally, the lucrative growth of online gaming competitions is expected to fuel the market over the forecast period.
