Like almost everything else, global unit shipments of gaming monitors have felt the impact of rising inflationary conditions, recording the category’s first annual decline since 2016, according to estimates released by display tech market research firm TrendForce Monday.

The Taiwan-based analytical firm said volume shipments of global PC gaming monitors tallied only 19.8 million units shipped in full-year 2022, which is a 13% YoY decline.

The good news is that TrendForce predicts monitor demand to recover in 2023, with global shipment levels climbing back to a forecast 20.8 million units for the year, which would mark a 5% increase YoY.

“This recovery will mostly be driven by three factors: First, a number of brands are replacing their 75Hz models with 100Hz models. Second, the 2023 Hangzhou Asian Games is scheduled to take place in the third quarter, where Esports is set to be one of the competing categories. This will help drive up demand for gaming products. Lastly, China has finally begun lifting COVID restrictions, which means demand for Internet cafes should gradually recover,” TrendForce said in announcing its forecasts.

Gaming monitor shipments by display tech. Source: TrendForce

Breaking the 2022 global gaming monitor shipment volume down by display panel tech, TrendFource found Vertical Alignment (VA)-type LCD monitors took the lion’s share of the market in 2022 at 51%. This was followed by in-plane switching (IPS) LCD monitors at 43.4%, and twisted nematic (TN) LCD monitors at 5%.

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In addition, TrendForce called out growing popularity of OLED gaming monitors, which accounted for 0.6% of the gaming monitor market in 2022.

“Thanks to the diversification of OLED products, that market share is expected to grow to 1.6% in 2023,” the analysts predicted. “Furthermore, TrendForce predicts that IPS monitors may begin competing with VA monitors given that not only are IPS products increasing their market share but many IPS gaming monitors are seeing a continuous price reduction.”

Breaking out the 2022 monitor market by refresh speed, the firm said 165–180Hz gaming monitors had the highest market share at 51.9%, followed by 120–160Hz monitors at 32.5%, 200Hz and above at 11.7%, and 100Hz at 3.9%.

Going forward into 2023, TrendForce predicts the 165–180Hz and 100Hz monitor segments will increase significantly in 2023. The analysts expect 165–180Hz monitors will eventually absorb the market share of 120–160Hz monitors due to similar price levels between the two ranges.

The 100Hz gaming (only) monitor segment will come to mostly replace 75Hz gaming monitors. TrendForce predicts this segment’s market share to increase 5.1 percentage points to 9% in 2023.

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By Greg Tarr

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