Beancounters from IDC say that the global PC monitor market saw a year-on-year drop of 17.1 per cent during the second quarter of 2023.
The researcher said it could have been much worse and the market “slightly exceeded” expectations by reaching just over 29.9 million units. It was still lower than pre-Covid levels.
IDC claims this is a sign that “recovery remains a work in progress” following the surge in volume witnessed from 2020 to 2022.
Top PC monitor vendor leader was the grey box shifter Dell, earning a market share of 20 per cent. TPV, HP , Samsung and Lenovo rounded up the rest of the top five.
IDC’s figures showed that all regions experienced a slump compared to the previous year, with North America and Western Europe seeing the most significant declines.
A further 10.3 per cent decrease in shipments is anticipated for 2023 due to weak demand and prevailing macro-economic uncertainties.
The market is expected to rally in 2024 according to IDC, as consumer demand recovers and businesses migrate towards Windows 11 PCs, which is expected to stimulate office monitor purchases.
However, the firm warns this rebound will be gradual with volumes not expected to surpass 2019 levels until 2025.
Beyond 2025, IDC predicts market stabilisation, driven by a larger installed base resulting from the hybrid work model and continued growth in gaming monitors.
