10 Mar 2020

Fourth Quarter PC Monitor Shipments Hit a Five-Year High, But Demand Expected To Slow in 2020, According to IDC

FRAMINGHAM, Mass., March 10, 2020 – The worldwide market for PC monitors grew 5.0% year over year in the fourth quarter of 2019 (4Q19), according to results from the International Data Corporation (IDC) Worldwide Quarterly PC Monitor Tracker. Global shipments exceeded expectations, reaching just over 33.2 million, a number last exceeded in the fourth quarter of 2014.

The holiday quarter capped an impressive run for monitors in 2019 with annual growth for the full year reaching 1.5%. Like the PC market, monitor momentum was boosted by business device refresh projects that further consolidated the market, with the top 3 players – Dell, HP, and TPV, holding nearly 50% of the market in 2019. In addition, other factors were in play that further helped the market. Screen sizes continued to grow – 2019 marked the first year in which 23.8-inch screens overtook 21.5-inch as panel suppliers and OEMs alike focused on marketing bigger sizes. Strong gaming monitor adoption also helped to lift the consumer segment to its first growth year since 2010.

Top Companies, Worldwide PC Monitor Shipments, Market Share, and Year-Over-Year Growth, Q4 2019 (shipments are in thousands of units)

Company

4Q19 Shipments

4Q19 Market Share

4Q18 Shipments

4Q18 Market Share

4Q19/4Q18 Growth

1. Dell Technologies

7,237

21.8%

6,784

21.5%

+6.7%

2. HP Inc.

5,027

15.1%

4,568

14.4%

+10.1%

3. TPV

4,293

12.9%

3,737

11.8%

+14.9%

4. Lenovo

3,926

11.8%

3,998

12.6%

-1.8%

5. Samsung

2,578

7.8%

2,154

6.8%

+19.7%

Others

10,154

30.6%

10,381

32.8%

-2.2%

Total

33,215

100.0%

31,623

100.0%

+5.0%

Source: IDC Quarterly PC Monitor Tracker, March 2020

Notes:

• Data for all companies are reported for calendar periods.

Looking ahead, IDC believes the market faces short-term challenges that will take several quarters to play out. The end of most commercial PC Windows 10 migration efforts means monitors will see a slowdown after the past two years of growth. In addition, the deteriorating situation due to the COVID-19 virus has introduced a new set of inhibitors that will negatively impact both supply and demand. Ongoing events in China will remain disruptive to the monitor supply chain as a whole and is likely to extend through the first half of 2020. Demand in China and other regions is also suppressed but global shipments should slightly improve in the second half of 2020, with 2021 showing a rebound in volume.

"Even as the monitor supply chain moves toward recovery, challenges remain with certain component shortages, such as backlights, as well as labor and logistics issues," said Jay Chou, research manager for IDC's Quarterly PC Monitor Tracker. "At the same time, concerns are quickly shifting from supply constraints to overall demand contraction across multiple markets. As more cities face the prospect of lockdowns and movement restrictions, another casualty will be brick and mortar retail channels that have long been ceding share. OEMs should take time to further assess their online strategy."

Worldwide PC Monitor Shipments Forecast and Year-Over-Year Growth, Q4 2019 (shipments are in thousands of units)



2018

2019

2020

2021

2020/2019 Growth

Dec. 2019 Forecast

123,308

123,732

118,526

114,428

-4.2%

Mar. 2020 Forecast

123,308

125,171

116,172

116,307

-7.2%

Source: IDC Quarterly PC Monitor Tracker, March 2020

IDC's Worldwide Quarterly P C Monitor Tracker gathers detailed market data in over 90 countries. The research includes historical and forecast trend analysis among other data.

For more information, or to subscribe to the research, please contact Kathy Nagamine at 650-350-6423 or knagamine@idc.com.

About IDC Trackers

IDC Tracker products provide accurate and timely market size, company share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools.

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About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.



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Coverage

Companies Covered

HP Inc., Dell Inc., TPV Technology Limited, Lenovo Group Limited, Samsung


Regions Covered

Worldwide


Topics Covered

PCD monitor