PC Monitor Shipments Plummet 18.3% YoY in 4Q22: IDC Report
According to the latest Worldwide Quarterly PC Monitor Tracker by the International Data Corporation (IDC), the PC monitor market has experienced an 18.3% decline in year-over-year (YoY) shipments in the fourth quarter of 2022 (4Q22).
This has resulted in a 5.9% decline for the entire year of 2022. The market volume for 4Q22, at just over 30.5 million units, was the lowest volume recorded since IDC started tracking the market in 2008. The macro environment, which adversely affected both consumer and commercial demand, was a significant factor in the setback. Consequently, the results were in line with the anticipated 16.2% drop in shipments for 4Q22. After an unprecedented expansion during earlier periods of the pandemic, driven by work from home and gaming needs, consumer monitor demand began to slow. Commercial monitor purchases also were affected as economic sentiments deteriorated in the latter part of 2022. As a result of worsened economic conditions, IDC expects 2023 shipments to contract another 9.8% as lingering inventory and tepid demand weigh on the market. 2024 should see a slight recovery that will lift shipment volumes above pre-pandemic levels as inventory improves. Beyond 2024, IDC expects further stabilization based on the larger installed base that was created by hybrid work and the growth in gaming monitors.
"Monitors will remain an afterthought for many buyers in the short term," said Jay Chou, research manager for IDC's Worldwide Client Device Trackers. "Annual volume had averaged about 125 million before COVID-19, then shot up to over 135 million for each of the past three years. It will take a while for the dust to settle. Consumer and businesses are recalibrating their priorities, but we remain confident that much of the recently expanded installed base will be enticed to upgrade in the coming years."
IDC's Worldwide Quarterly PC Monitor Tracker gathers detailed market data in over 90 countries. The research includes historical and forecast trend analysis among other data.
Philips Introduces New 40-inch Ultrawide PC Monitors - 01/12/2023 10:35 AM
Meet the Philips 40B1U5600 and the Philips 40B1U5601H. Both models offer the easy connectivity of USB-C technology, the superb picture quality of an UltraWide QHD resolution with HDR, the convenience...
PC monitor prices may fall as a result of limited demand - 12/21/2021 10:04 AM
Monitors sales were at their finest during the early days of the epidemic, owing to changes in habit as people were forced to work from home. However, demand began to dwindle in the third quarter of 2...
Xiaomi prepares its line of "Redmi A1" PC monitors, a 24in / 1080p monitor for just $86 - 05/27/2020 08:23 AM
Consumer electronic giant Xiaomi is known for their reputation of offering affordable products. And while 1080p /24 inch monitors do not sound that enticing in 2020, they're going to offer one for o...
JOLED shows three OLED panels for PC monitors - 12/24/2018 11:14 AM
Is OLED finally coming towards Desktop PC usage as a monitor in good volume? Well, Joled, a joint venture between Japan Display, Panasonic and Sony are showing OLED panels for monitors at a Japanese...
Lenovo Debuts First PC Monitor with AMD FreeSync Technology - 08/15/2016 10:31 AM
AMD today announced the new Lenovo Y27f Curved Gaming Monitor 9hey it's posted like that on the AMD website). This would be their first free-standing display incorporating AMD FreeSync technology, of...