High Refresh Rate Display Market By Refresh Rate (60Hz, 90Hz, 120Hz, 144Hz, 240Hz and above); By Product Type (Monitors, Smartphones, Televisions, Laptops, Tablets); By Panel Type (LCD, OLED, QLED, MicroLED); By End-User (Gaming, Entertainment and Media, Education, Healthcare, Professional and Creative Work); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The high refresh rate display market in 2023 was worth USD 20 billion and is expected to be worth USD 58 billion by 2030, expanding at a CAGR of 8% during the forecast period.

 

A high refresh rate display updates the image on the screen more frequently per second, resulting in smoother motion and reduced blur, especially in fast-paced content.

 

The high refresh rate display market is driven mainly by the gaming and entertainment segments, as users require higher refresh rates for a better and more responsive gaming experience. Different refresh rates like 120Hz, 144Hz, or 240Hz give better motion clarity than 60Hz, which helps gamers as it reduces the motion blur and the input lag. For instance, 144Hz became the default refresh rate for gaming monitors, while some companies even implemented up to 360Hz for e-sports players. A recent innovation is that most leading smartphone brands like Apple and Samsung used 120Hz refresh rate screens in their latest models, iPhone 14 Pro and Samsung Galaxy S23 Ultra, making gaming and other daily operations much smoother. This pattern is noticeably indicative of the customers’ desire to get displays on their devices with a high frequency of updates.

 

The high refresh rate display market offers great potential and growth prospects with its key segments like gaming, smartphones, and professional display. As an example, the markets for gaming monitors, especially 144Hz and 240Hz, have been trending over the years, and gamers have occupied nearly 40% of the selling of monitors in recent years. Smartphones also follow this trend where devices such as OnePlus 11 and Google Pixel 7 Pro come with a 120Hz screen for better gaming and multimedia experience. Moreover, with the emergence of cloud gaming services and VR, the desire for high refresh rate displays to provide memorable and continuous image quality has also expanded to broader applications within consumer electronics.

 

 

High Refresh Rate Display Market Segmentation

By Refresh Rate:

• 60Hz

• 90Hz

• 120Hz

• 144Hz

• 240Hz and above

 

By Product Type:

• Monitors

• Smartphones

• Televisions

• Laptops

• Tablets

 

By Panel Type:

• LCD

• OLED

• QLED

• MicroLED

 

By End-User:

• Gaming

• Entertainment and Media

• Education

• Healthcare

• Professional and Creative Work

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

Currently, the Asia-Pacific region leads the high refresh rate display market due to the well-established electronics manufacturing industry and the increased demand for gaming and entertainment devices. These nations include China, South Korea, and Japan, and among them, China is the leading nation, accounting for almost 60% of the gaming monitor production. Leading electronics companies, including Samsung and LG from South Korea, have continually released premium monitors and TVs with 120Hz, 144Hz, and up to 240Hz refresh rates. In recent years, companies such as Xiaomi and Oppo introduced smartphones with displays of 120 and 144 Hz, respectively, in this region, owing to the increasing market demand for better visuals, especially for mobile gamers. The dominance of the Asia-Pacific region can be attributed to the rollout of the 5G network in this region and the rising eSports industry.

 

High Refresh Rate Display Market Key Players

• Samsung Electronics

• LG Display

• ASUS

• Acer Inc.

• Dell Technologies

• Lenovo Group Limited

• Apple Inc.

• Xiaomi Corporation

• OnePlus Technology

• Sony Corporation

• BOE Technology Group Co., Ltd.

 

High Refresh Rate Display Market Report Coverage

Report Attribute	Details
Forecast Period	2024 – 2032
Market Size Value in 2023	USD 20 Billion
Revenue Forecast by 2030	USD 58 Billion
Overall Growth Rate	CAGR of 8% (2024 – 2030)
Base Year for Estimation	2023
Segmentation	By Refresh Rate, By Product Type, By Panel Type, By End-User, By Geography
By Refresh Rate	60Hz, 90Hz, 120Hz, 144Hz, 240Hz and above
By Product Type	Monitors, Smartphones, Televisions, Laptops, Tablets
By Panel Type	LCD, OLED, QLED, MicroLED
By End-User	Gaming, Entertainment and Media, Education, Healthcare, Professional and Creative Work
By Geography	North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Segment Revenue Estimation	Included in full report (2024–2032)
Customization Option	Available upon request