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The PC Market Decline Has Not Yet Affected Monitors, As Q2 2022 Demand Increases

Monitors are likely to experience the same demand decline as other components.

In a nutshell: A post-pandemic hangover is dropping demand for PC components across the board, but those negative numbers haven’t appeared for monitors. The global market in that sector posted modest gains in Q2, but analysts predict hard times are ahead.

New research from International Data Corporation (IDC) indicates a 2.7% increase in global monitor shipments between Q2 2022 and Q2 2021. The numbers contradict the current decline in demand for PCs and other computer parts, at least for the time being.

In emerging markets outside China and Russia, growth exceeded 16 percent, contributing significantly to the global increase. The company that benefited the most was HP, whose shipments increased by 30.3% year-over-year. All other manufacturers only saw single-digit changes. With a market share of 22.6%, Dell holds the largest market share among the most prominent monitor manufacturers.

Monitor shipments are likely to decline, as other components, such as graphics cards and solid-state drives, are already experiencing falling demand and prices in Q3 and Q4. Analysts have already reported rising monitor inventory levels in numerous regions.

Company 2Q22 Shipments 2Q22 Market Share 2Q21 Shipments 2Q21 Market Share 2Q22/2Q21Growth
1. Dell Technologies 8,147 22.6% 7,549 21.5% +7.9%
2. HP Inc. 4,618 12.8% 3,544 10.1% +30.3%
3. Lenovo 4,222 11.7% 4,164 11.9% +1.4%
4. Samsung 3,772 10.5% 3,537 10.1% +6.0%
5. TPV 3,464 9.6% 3,712 10.6% -6.7%
Others 11,844 32.8% 13 35.9% +6.0%
Total 36,067 100.0% 35,111 100.0% +2.7%
Source: IDC Quarterly PC Monitor Tracker, September 2022
Top Companies, Worldwide PC Monitor Shipments, Market Share, and Year-Over-Year Growth, Q2 2022 (shipments in thousands of units)

The worldwide shipment of monitors may decrease by 3.1% in 2022 compared to 2021, and by 4.1% in 2023. Most of that descent will come from China — the number-two market for monitors — which is projected for an unprecedented 19 percent decline. As the dust settles in the back-and-forth between office work and work-from-home, a transition to hybrid employment may stabilize the market by late 2023, leading to a minor recovery by 2024.

The GPU market decline is already affecting monitors for at least one retailer. Newegg bundled gaming monitors with graphics cards earlier this month in an attempt to liquidate GPU stock before the arrival of new products such as Nvidia’s Ada Lovelace, AMD’s RDNA3, and Intel’s Arc Alchemist.

If monitors eventually experience the same price pressure as GPUs and SSDs, late 2022 could become an ideal time to build or upgrade a PC, in addition to the plethora of new CPUs launching soon. However, factors like product competition and a possible looming macroeconomic recession make price projections for 2023 challenging at this stage.

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The above article was written by the BestTopReviewsOnline team, which consists of some of the most knowledgeable technical experts in the United States. Our team consists of highly regarded writers with vast experience in smartphones, computer components, technology apps, security, and photography, among other fields.

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