Gaming Monitor Market Facing First Ever Downturn Say Market Analysts

gaming monitor segment
(Image credit: Aorus)

The gaming monitor market is staring down the double barrels of its first downturn. Shipment volumes are expected to slide to 20.5 million units for 2022 – a 10% decline year-on-year, according to IT industry market research outfit TrendForce. The report highlights several key culprits, like rising inflation and interest rates affecting consumer electronics markets in general, plus the delay in high-end graphics card refreshes leading to postponed gaming monitor upgrades.

gaming monitor segment

(Image credit: TrendForce)

TrendForce produced the above chart to illustrate the strong growth of gaming monitors since it initiated coverage in 2019.  You can see the strong growth from 2019, 2020, through 2021 has been interrupted by this first downturn (estimated figures for 2022, as the year isn’t over yet). However, according to the analysts, the 10%+ downturn projected for the year won’t mortally wound the segment. In 2023, gaming monitors are expected to become a growth segment again for several reasons.

TrendForce says curved gaming monitors will continue to grow in popularity through 2023. The swing from flat to curved monitor shipments isn’t weighty; in 2021, curved gaming monitors accounted for 41% of shipments, with the percentage set to rise to 44% this year and 46% in 2023. The source report says that the rise of ultra-wide products has partly driven the growth in curved monitor sales. However, some might say that flat screen sales aren’t as good as they could be because gaming monitor makers are releasing more curved screens with attractive price/performance ratios and other key features.

Gaming monitor panel type information reveals that VA (Vertical Alignment) panels are currently the most popular at 48%, followed closely by IPS (In-Plane Switching) at 43%, and trailed by TN (Twisted Nematic) at 9%. However, TN panel shipments are expected to slide to just 4% in 2022. Meanwhile, OLED (Organic Light Emitting Diode) panel gaming monitors are starting to proliferate this year, and from a slow start (0.4% in 2022), TrendForce reckons they could reach 2% in 2023.

(Image credit: MSI)

In 2023, one of the features of the gaming monitor market will be its continued diversification, which will partly help propel sales forward. Specifically, the market researchers think gaming monitors could eat into the traditional monitor market as gaming-capable 100Hz+ displays attract people who were going to make do with entry-level displays and replace aging 75Hz eSports screens. At the other end of the market, premium consumers may be attracted to upgrade by new OLED, QD-OLED, and Mini LED technology displays becoming easier to find in various sizes/resolutions.

Tom’s Hardware often reviews the best creator and gaming monitors launched. We maintain frequently updated lists of the best monitors overall, the best budget 4K monitors, and the best gaming monitors, so please check out these features if you are considering a monitor upgrade.

Mark Tyson
Freelance News Writer

Mark Tyson is a Freelance News Writer at Tom's Hardware US. He enjoys covering the full breadth of PC tech; from business and semiconductor design to products approaching the edge of reason.

  • lmcnabney
    Still don't see strong growth of OLED in the monitor category. They look great, but regular people don't replace their monitors as frequently as they update to new CPUs or GPUs. They represent long-term investments. While burn-in can be mitigated some, the reality of static images in the PC environment is essentially unavoidable. Mini LED is taking a long time to come down in price. It is almost a decade behind OLED.
    Reply
  • InvalidError
    Properly built LCD monitors have a 10-20 years useful life. It shouldn't surprise anyone that demand for high refresh rate monitors would die down once most people who want one already got one.

    I don't have a high refresh rate monitor yet and don't plan to buy one until OLED or better becomes affordable.
    Reply
  • Matt_ogu812
    "Gaming Monitor Market Facing First Ever Downturn Say, Market Analysts" ..............this will never happen to 'us' says the GPU makers.
    Reply
  • Alvar "Miles" Udell
    Who can afford a new monitor when you have a garbage world economy combined with record high GPU prices? I'd love to have a 32-36" high refresh rate monitor, but you're talking high three figures easy, and there's the fact that if you don't want curved your selection is greatly limited, and if you actually want to use it as a monitor and not just a gaming screen you can't go OLED...
    Reply
  • For so long I've wanted a couple of 4K HDR monitors. A$2000 - A$3000 is just too much to pay.
    Lol, I remember buying my first Viewsonic VX3276-MHD-2K for $289 in 2018. That same monitor now sells for around A$439.
    I wonder if asking sensible prices for monitors would improve sales? Or do people just not need them because everyone has jumped on the laptop/notebook bandwagon and are not using external monitors.
    Reply
  • I’m still using my 15 year old Samsung 27”. Good enough for me. Seems hardware makers want to put themselves out of business.
    Reply
  • dk382
    Gaming monitor sales are still extremely strong. Yeah, they aren't as high as they were during the peak of the pandemic boom, but just look at the increase over 2019.
    Reply
  • bobby_0081
    There's nothing new and exciting to justify replacing what I have. I have two 27" 1440 165hz monitors. I have tried to 49" super Ultrawide and didn't care for it. I might consider upgrading to dual 4K monitors but there aren't many 27" 4K monitors with 165hz and low input lag and if you get close to those specs it's too expensive.
    Reply
  • JDJJ
    I agree that monitors tend to be longer term investments. So it doesn’t make sense to buy a gaming-capable monitor now when DisplayPort 2.0 is right around the corner. It looks like 2 of the 3 GPU makers will support DP 2.0 this generation. Monitor makers will no longer have an exuse to cling to 1.4a. This has been crazy, since the standard has been ratified for over 3 years now. Monitor manufacturers have no one to blame but themselves and their own complacency for stagnating sales now.
    Reply
  • samopa
    I'm still waiting 32" Curved LED 4K 165 Hz monitor with sensible price :oops:
    Reply