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 ...
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.
The PC hardware market continues to sink like a stone.
I guess it's time to increase prices again....