A 4K gaming monitor ensures that the user doesn't miss out on the game's finer details and is ideal for gaming. In addition to gaming, 4K monitors are excellent for watching movies and producing content. With a 4K gaming display, the user may obtain an immersive experience and enjoy the game to its fullest. Ultra-High Definition (UHD) resolution, often known as 4K, is the resolution that the display is running at when used as a gaming monitor. The 4K gaming monitors market is segmented into 60Hz, 120Hz, and 144Hz on the basis of refresh rates and 27-inch, 32-inch, 43-inch, 55-inch, and others on the basis of screen size. 120Hz segment is most preferred by the users and hence acquires the major share in the market and is the leading market segment.
The rising interest in the gaming business, including tournaments, races, and matches, is the cause of the rising demand for 4K gaming displays. Additionally, it is anticipated that the market would grow as more digital games and competitions become available. Advanced resolution and core wireless technology and the emergence of smart games are anticipated to drive the market demand for such high-resolution monitors. The demand is also gaining traction due to the ease of purchasing gaming through e-commerce websites and providing a variety of product options.
According to the Business Research Insights report, the global 4K gaming monitors market size was USD 9.28 Billion in the year 2022. the market is projected to touch USD 15.4 billion by 2028, exhibiting a CAGR of 6.6% during the forecast period.
Growth in the e-commerce sector to boost the market demand during COVID-19
The COVID-19 pandemic effects are being felt on a global level, the supply chain disruption was experienced in the global 4K gaming monitors market too. The effects of the COVID-19 pandemic are already being felt on a global level, the 4K gaming monitor market was significantly overhauled. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With the sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, various industries were impacted and the monitor industry was one of them. Lockdown restrictions made people opt to work from home or stay at home. This influenced the demand for video gaming which further propelled the demand for gaming monitors.
Business Research Insights Reports Top 5 4K Gaming Monitors Manufacturers
1. LG (South Korea)
When it comes to creating new breakthroughs for display devices, LG has always been a leading producer. LG gaming panels provide an unmatched level of immersion and lightning-fast 144Hz on a 4K Nano IPS 1ms monitor. With features developed to give players a competitive advantage in the virtual world, LG's assortment of gaming monitors elevates users' gaming experience.
2. ASUS (Taiwan)
Established in 1989, ASUS is a multinational corporation with headquarters in Taiwan that manufactures computer hardware and consumer electronics. Dedicated to producing goods for the intelligent lives of today and the future. ASUS 4K gaming laptops, including the TUF gaming laptop, are equipped with ASUS smart HDR technology, the industry's best color accuracy, and are built to withstand any intense gaming session.
3. Phillips (Netherlands)
The company's headquarters are in Amsterdam, the Netherlands, and it was established in 1891 by Anton Frederik Philips and Gerard Leonard Frederik Philips. The Dutch global conglomerate firm Philips N.V., often referred as Philips, was established in Eindhoven in 1891. The ultra-high resolution Philips MultiView panels give gamers an interactive experience with flawless streaming capabilities.
4. Acer (Taiwan)
Acer Inc., a multinational hardware and electronics company with headquarters in Xizhi, New Taipei City, specializes in cutting-edge electronics technologies. Computers, laptops, smartphones, smart cameras, virtual reality headsets, web servers, and gaming monitors are among its offerings. The Nitro VG0 and Nitro XV2 are two different models of 4K gaming monitors from Acer, both of which have outstanding designs and features to enhance users' gaming experiences.
5. AORUS (Singapore)
AORUS shares the same enthusiasm as players who give their entire being to gaming. AORUS, a premium gaming company sponsored by GIGABYTE, offers a comprehensive range of gaming equipment for fans throughout the world, including gaming laptops, motherboards, graphics cards, mechanical gaming keyboards, UHD gaming monitors and other gaming hardware and gear.
Technological advancements to support the growing market demand
Even as 1080p (or FHD) gaming monitors have long been the industry standard, 4K (UHD) gaming monitors are starting to usurp them as the technology becomes more widely available, reliable, and affordable. The market for the computer peripherals has too gone up which has further propelled the 4K gaming monitors market growth. Apart from these computer peripherals, the growth in the digital infrastructure such as Internet has increased the amount of online gaming tournament events which too act as a catalyst for the growth of the 4K gaming monitor market.