Gaming Monitors Market to reach $24.5 Billion by 2030; increasing interest in gaming, advancements in technology and the growing popularity of eSports are driving the market

The Gaming Monitors Market size is estimated to reach $24.5 Billion by 2030, growing at a CAGR of 22.6% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, Gaming Monitors Market - By Display Technology (LCD, LED, Others), By Screen Size (Less Than 24 Inch, 24-32 Inch, More Than 32 Inch), By Resolution (High Definition (HD 1280×720), Full HD (1920×1080), 2K (2560×1440), 4K (3840×2160) and 8K (7680×4320)), By Price Range (Mid Range, Premium, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030.

North America is the largest market for gaming monitors, driven by the region's strong gaming culture and high rate of tech adoption. The U.S. and Canada lead the market with their extensive base of gaming enthusiasts, eSports players and streamers who demand high-performance gaming setups. The widespread adoption of high-end gaming PCs has fueled the demand for advanced monitors with features like high refresh rates, low latency and HDR support. The robust presence of major gaming monitor manufacturers, along with regular product launches and upgrades further strengthens the market. Additionally, the region's established infrastructure for eSports tournaments and gaming events contributes to the growing popularity of high-quality gaming monitors. 

The popularity of eSports in developing regions is driving interest in competitive gaming, encouraging investments in gaming setups. Gaming cafes remain an important cultural hub, particularly in regions like Southeast Asia, where they serve as gateways for new gamers. NVIDIA has tied up with GIGABYTE to bring the NVIDIA Reflex iCafe Attack. The esports tournament took place across 20 gaming cafes in India including Delhi, Mumbai, Chennai, Shillong, and Bangalore, with teams registering to compete in Counter-Strike 2 for a share of the INR 2,00,000 prize pool. 

The growing popularity of game streaming on platforms like YouTube and Twitch is driving the demand for gaming monitors. As per Stream Charts, Twitch is the dominant platform for game-specific streaming content, capturing 57% (2.5M average concurrent viewers) of overall viewership among all streaming platforms. Almost 50% of Gen Z and millennial gamers discover and decide to play new games based on recommendations from live streamers and content creators. Streamers prioritize high-quality displays to ensure seamless gameplay and an immersive viewing experience for their audience. Features like ultra-high refresh rates, superior color accuracy and low input lag are crucial for creating professional-grade streams. The rise of content creation as a career, coupled with monetization opportunities on streaming platforms encourages gamers to invest in premium setups, including advanced monitors. Additionally, gaming monitors with customizable display settings and multiple screen capabilities are gaining traction among streamers for enhanced productivity.

Key companies profiled in the Gaming Monitor Market are Samsung Electronics Co. Ltd., Dell Inc., ASUSTeK Computer Inc. LG Electronics, Lenovo Group Limited, Acer Inc., MICRO-STAR INTERNATIONAL CO. LTD., Koninklijke Philips N.V., HP Inc., ViewSonic Corporation and others.

Online Gaming Market - Online gaming market is anticipated to reach $152.6 billion by 2030 with a CAGR of 9.1% in the forecast period 2024-2030. This growth is owing to the increased spending on online games and the growing penetration of smartphones & tablets. In addition, availability of high-speed internet connectivity and reliable network is also one of the key factors fuelling the demand for online gaming solutions and services.  

Cloud Gaming Market - The Cloud Gaming Market size is analyzed to grow at a CAGR of 56.3% during the forecast 2021-2026 to reach $4,98 Million by 2026. Cloud gaming, also known as game streaming, is a process of playing various video games with the support of remote servers for a premium gaming experience. 

Augmented Reality & Virtual Reality for Gaming Market - The Market for Augmented Reality & Virtual Reality For Gaming is forecast to reach $12.0 billion by 2026, growing at a CAGR of 18.5% from 2021 to 2026. The market is driven by the growing popularity and integration of AR and VR technologies in mobile phones and other wearable devices. Augmented Reality and Virtual Reality are considered to seamlessly offer the most exciting emerging technologies on the planet for today’s life.