Global PC monitor market reports growth for third consecutive quarter

The global PC monitor market reported 5.9% growth in unit shipments in the second quarter, making it the third consecutive quarter where year-over-year growth was positive, according to a report published by International Data Corporation.

The growth shows a recovery of the market after it declined in 2022 and 2023.

The report added the rise in volume was driven by inventory restocking mostly by the consumer side, and also due to notable efforts to address expected cost escalations.

Other reasons for the increase included, vendors continuing to aggressively revamp models with 60 Hz refresh rate panels into 100 Hz, and the continued expansion and competition in the consumer and gaming market.

The report also said, the market outlook remains positive, and due to the ongoing migration to Windows 11 PCs, further growth is expected in 2024 and 2025. IDC expects the monitor market to exceed 2% annual growth for both 2024 and 2025.

“Commercial monitors have historically taken the majority share of the market, but several factors have led them to grow more slowly than the consumer market in recent times,” said Jay Chou, research manager, Worldwide Client Devices for IDC.

Going forward, IDC still expects commercial monitors to take a slight majority of shipments, but monitor innovations will simply be more appealing to consumers, Chou added.