21 Sep 2021

PC Monitor Shipments Remain Strong Through the First Half of 2021 But Are Expected to Moderate in the Second Half, According to IDC

NEEDHAM, Mass., September 21, 2021 – Well over a year after the emergence of COVID-19 and global lockdowns, PC monitor shipments continue to show strong growth as the pandemic has drastically altered a formerly staid market. According to the International Data Corporation (IDC) Worldwide Quarterly PC Monitor Tracker, worldwide shipments were just over 35 million units in the second calendar quarter of 2021 (2Q21), growing 11.2% over the same quarter a year ago (2Q20) – the first full quarter when COVID-19 lockdowns were in full force.

Along with solid demand, the same pressures that contributed to strong results in previous quarters were still in play during 2Q21. Supply was constrained by challenges that affected much of the electronics industry at large. Components, especially ICs that go into display panels, remained tight and limited monitor availability. Rising transportation costs and logistical challenges also led some markets to accrue further backlogs. These factors led to some price hikes in an overall strong quarter as buyers sought to fulfill urgent demand and hedge against expected future shortages.

Company Highlights

Commercial shipments took a smaller share of the overall market in the second quarter compared to a year ago, highlighting a still tenuous business segment that is more focused on procuring PCs amidst some recovery in office occupancy. Home users and gaming monitors drove much of the demand in 2Q21, which benefited the consumer-focused and lower-tiered vendors. Vendors who rank below the top 5 collectively captured almost 36% of market share, achieving a gain compared to their 32.2% share from a year ago.

Top Companies, Worldwide PC Monitor Shipments, Market Share, and Year-Over-Year Growth, Q2 2021 (shipments are in thousands of units)

Company

2Q21 Shipments

2Q21 Market Share

2Q20 Shipments

2Q20 Market Share

2Q21/2Q20 Growth

1. Dell Technologies

7,549

21.5%

6,365

20.2%

+18.6%

2. Lenovo

4,164

11.9%

3,080

9.8%

+35.2%

3. TPV

3,712

10.6%

4,919

15.6%

-24.5%

4. HP Inc.

3,543

10.1%

4,514

14.3%

-21.5%

5. Samsung

3,537

10.1%

2,500

7.9%

+41.5%

Others

12,569

35.8%

10,168

32.2%

+23.6%

Total

35,074

100.0%

31,547

100.0%

+11.2%

Source: IDC Quarterly PC Monitor Tracker, September 2021

Looking ahead, IDC expects to see some stabilization in monitor component pricing as demand levels off and component shortages ease in the second half of this year. Shipments are expected to reach a peak in 2021 at just over 147 million units, which is the highest volume since 2012. Volumes are forecast to then taper off in subsequent years settling at 139 million by 2025.

"The second quarter capped five consecutive quarters of positive year-on-year growth, four quarters of which were growth in the double digits. Such momentum has never been seen in the history of our monitor coverage," said Jay Chou, research manager for IDC's Worldwide Quarterly PC Monitor Tracker. "However, we believe the market will soon reach an inflection point. Demand will begin to cool in the latter half of 2021, with small declines in 2022 thru 2024. Nonetheless, long-term assumptions have already shifted for the better compared to pre-COVID times as location-agnostic modes of work/study become more popular, thus enlarging the installed base."

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.

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.

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

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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, IT benchmarking and sourcing, 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.





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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