LONDON, July 18,
2024 /PRNewswire/ -- New insights from Omdia's
Desktop Monitor Intelligence Service show the gaming monitor
market, featuring refresh rates over 120Hz, is expected to grow by
9% YoY to 24.7 million units in 2024. Meanwhile, the smart monitor
market, equipped with operating systems and streaming service
portals, is projected to expand by 63% YoY to 1.2 million
units.
In 1Q24, desktop monitor shipments hit 30.7 million units, a 5%
increase year-on-year (YoY). The industry has been growing steadily
since 3Q23, overcoming post-pandemic logistical disruptions.
Notably, the gaming monitor market and smart monitors are expanding
rapidly. This growth is driven by added value and high
functionality, particularly in both monitor categories.
Amid this, the market for gaming monitors with refresh rates
exceeding 120Hz and smart monitors equipped with OS and streaming
service portal apps like TVs has been expanding rapidly.
According to Hidetoshi Himuro,
Senior Principal Analyst at Omdia, "Monitors are following the same
trajectory as TVs in becoming smarter. The focus is on maximizing
the content they can handle and broadening the user experience in
the B2C market for gaming and smart monitors."
Samsung and LGE from South
Korea currently dominate smart monitor shipments. Acer
is following, with other brands from Taiwan, the US, and China expected to enter the market soon. In
the gaming monitor sector, there is potential for non- gaming
monitors to emerge featuring refresh rates exceeding 120Hz.
Consequently, the shipment performance of gaming monitors, defined
by their maximum refresh rates, is anticipated to rise.
Omdia forecasts that the gaming monitor market will expand to
27.4 million units by 2028, and the smart monitor market will grow
to 2.1 million units, including demand from B2B applications.
In 2024, the smart monitor market is projected to reach 1.2
million units in 2024 driven primarily by TV system-on-chip due to
the integrated operating systems, setting them apart from
traditional desktop monitors. MediaTek, Novatek, and Realtek were
the leading TV SoC vendors in 2023. Their combined market share is
expected to rise to 84% in 2024, up from 83% in 2023.
"There are distinct issues in the smart monitor market depending
on the vendor type. We anticipate that four operating systems -
Tizen, WebOS, AOSP China, and Google will become key players in
2024‒25. Additionally, Wi-Fi experience and new user interfaces,
such as remote control, are crucial factors in this evolving
market," concludes Himuro.
ABOUT OMDIA
Omdia, part of Informa Tech, is a technology research and
advisory group. Our deep knowledge of tech markets combined with
our actionable insights empower organizations to make smart growth
decisions.
Fasiha Khan
Fasiha.khan@omdia.com
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SOURCE Omdia