2020 Was the Strongest Growth Year on Record for PC Monitors, According to IDC

NEEDHAM, Mass. — (BUSINESS WIRE) — March 18, 2021 — Persistent demand led the global PC monitor market to impressive heights during the fourth quarter of 2020 (4Q20). The market grew 16.9% year over year with shipments surpassing 39.2 million units, a number last exceeded during the fourth quarter of 2011. For the full year 2020, shipments grew 8.3% compared to 2019, according to the International Data Corporation ( IDC) Worldwide Quarterly PC Monitor Tracker. This was the strongest full year growth since IDC began tracking the monitor market in 2008.

The high volume in 4Q20 was fueled by a combination of strong demand due to working and learning from home requirements and display panel component shortages that further expanded shipments. Although some geographies have seen life move closer to pre-pandemic levels, ongoing restrictions of varying degrees continued to help funnel consumer budgets to furnish their homes for work or entertainment, even as low office occupancy inhibited commercial monitor spending. At the same time, a shortage of components like display driver integrated circuits (ICs) and rising shipping costs also contributed to shipment growth as some manufacturers opted to amass stock ahead of component price hikes that could last through the middle of 2021.

Company Highlights

The top 5 companies commanded a smaller share of the overall market in the fourth quarter compared to a year ago as IT budgets continued to prioritize other initiatives and office occupancy remained low. Notably, commercially focused Dell and HP Inc. experienced slight contractions for the full year 2020 while vendors with more focus on consumers and less dependent on mature markets collectively increased their market share compared to a year ago.

Top Companies, Worldwide PC Monitor Shipments, Market Share, and Year-Over-Year Growth, Q4 2020
(shipments are in thousands of units)

Company

4Q20
Shipments

4Q20 Market
Share

4Q19
Shipments

4Q19 Market
Share

4Q20/4Q19
Growth

1. Dell Technologies

7,686

19.6%

7,237

21.6%

6.2%

2. HP Inc.

4,980

12.7%

5,010

14.9%

-0.6%

3. TPV

4,613

11.8%

4,293

12.8%

7.5%

4. Lenovo

4,547

11.6%

3,926

11.7%

15.8%

5. Samsung

3,839

9.8%

2,578

7.7%

48.9%

Others

13,571

34.6%

10,534

31.4%

28.8%

Total

39,236

100.0%

33,578

100.0%

16.9%

Source: IDC Quarterly PC Monitor Tracker, March 2021

Top Companies, Worldwide PC Monitor Shipments, Market Share, and Year-Over-Year Growth, Calendar Year 2020
(shipments are in thousands of units)

Company

2020
Shipments

2020 Market
Share

2019
Shipments

2019 Market
Share

2020/2019
Growth

1. Dell Technologies

26,434

19.3%

26,461

21.0%

-0.1%

2. TPV

19,248

14.1%

17,605

14.0%

9.3%

3. HP Inc.

18,500

13.5%

18,626

14.8%

-0.7%

4. Lenovo

14,361

10.5%

13,503

10.7%

6.4%

5. Samsung

11,754

8.6%

9,001

7.1%

30.6%

Others

46,317

33.9%

40,902

32.4%

13.2%

Total

136,615

100.0%

126,099

100.0%

8.3%

Source: IDC Quarterly PC Monitor Tracker, March 2021


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