Gaming Accessories Market Research, 2030
The global gaming accessories market was valued at $6.1 billion in 2021, and is projected to reach $14.4 billion by 2030, growing at a CAGR of 9.9% from 2022 to 2030.
The gaming accessories market is segmented into Component, Device Type, Connectivity type and End Use.
Gaming accessory is a piece of hardware that is either necessary to utilize a video game console or enhance the gameplay experience. Controllers, headsets, joysticks, and web cameras are all examples of video game accessories. The controllers used to play the games are the most common video game system accessory. One of the fastest-growing entertainment industries around the world is gaming. This industry has also registered a number of online gaming events that require cutting-edge technology to run smoothly. This has prompted players to invest in the most up-to-date gaming peripherals, resulting in the expansion of the gaming accessories market size.
The gaming accessories market growth is highly driven by the release of new gaming content with high graphic needs. Console gaming is in the process of transitioning to on-demand visual content, which has already begun. The Xbox Series X has been introduced by Microsoft (the successor of its range-topping Xbox One X gaming console). It will have far more powerful technology, including 4K gaming at up to 120 frames per second, support for variable refresh rate gameplay, and compatibility with 8K monitors. Furthermore, the decreasing prices of these accessories are a major driver of the gaming accessories market opportunity. Also, the ongoing development of e-sports leagues, as well as the growing number of gamers who choose it as a job, presents a profitable opportunity for the gaming accessories market growth.
The gaming accessories market share is segmented on the basis of component, device type, connectivity type, end-use and region. Based on component, the market is bifurcated into headsets, keyboard, mike, controller, and others. By device type, it is categorized into pc, and gaming consoles. By connectivity type, the market is segmented into wired and wireless. Based on end-use, the market is bifurcated into online and offline. Based on region, the market is analysed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the gaming accessories industry include Nintendo Co., Ltd., Logitech International SA, Razer Inc., Corsair, Sennheiser, SADES Technological Corporation, Alienware, Plantronics, Google Inc., Cooler Master. These players adopt collaboration, partnership, and agreement as their key developmental strategies to increase the revenue of the gaming accessories industry and develop new products to enhance their product portfolio.
By component, headsets sub-segment is predicted to have the maximum market share in the forecast period. The sub-segment growth is observed mainly due to rising demand for enhanced, crisp and clear background sounds in gaming, among people, especially young adults. This is a major factor that is expected to have a positive impact on the market growth.
By device type, PC sub-segment is predicted to have the highest market share in the forecast period. The growth is attributed to rising demand of gaming pcs among young generation. Gaming PCs are typically custom-built with specifications such as a high-end processor, graphics processing unit (GPU), overclocked processor, and liquid cooling, among others, in order to pique the interest and enthusiasm of gamers.
By connectivity type, the wired sub-segment is expected to observe highest market share in the forecast timeframe. The sub-segment growth is attributed to the fact that wired devices are just more reliable compared to wireless, making it one of the main factors in gaming peripheral market booming the demand for wired devices.
By end use, the online sub-segment is expected to observe highest market share in the forecast time frame owing to the growing popularity of online retailers such as Amazon, Flipkart, as well as the increased use of smartphones and other similar devices.
By region, Asia-Pacific region is projected to remain the fastest-growing segment during the forecast period. One of the key factors driving market growth in the Asia-Pacific region is the growing number of professional gamers. Aside from that, advancements in wireless technologies, as well as an increase in demand for online games, are fuelling market growth.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the global gaming accessories market trends along with the current and future market forecast.
This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
Porter’s five forces analysis helps analyse the potential of the buyers & suppliers and the competitive scenario of the global gaming accessories industry for strategy building.
A comprehensive global gaming accessories market analysis covers factors that drive and restrain the market growth.
The report provides a gaming accessories market outlook for 2021 and gaming accessories market forecast from 2022 - 2030 for each segment, region, and country(s).
The qualitative data in this report aims on market dynamics, trends, and developments.
IMPACT OF COVID-19 ON THE GLOBAL GAMING ACCESSORIES MARKET
The pandemic has had a minor influence on the gaming accessories business. The COVID-19 pandemic has had a tremendous impact on the world economy; many companies halted their manufacturing, production, and distribution of other gaming accessories products. Additionally, government regulations about social distancing, lockdown limitations, and periodic industry shutdowns have forced many gaming parlors to close for some unpredictable time. This factor has had a negative impact on global market.
People were forced to stay at home during pandemic to prevent themselves from any infection transmission. Since, the lockdown period was long, many people opted to use games as a medium for improving their mood and for some entertainment. Thus, the demand and sales of games and its related accessories like headsets and keyboards have increased, resulting in the positive impact on the market growth.
Gaming Accessories Market Report Highlights
| Aspects | Details |
 By Component |
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 By Device Type |
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 By Connectivity type |
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 By End Use |
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 By Region |
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 Key Market Players | hyperx, Razer, Plantronics Inc., Logitech International SA, Corsair, mad catz, DuckyChannel International Co., Ltd., ZOWIE (BenQ), Cooler Master Technology Inc., steelseries |
Analyst Review
According to analysts, the gaming accessories market possesses a substantial scope for growth in the future. Rapidly increasing young gamers across the world and increasing demand for high technology integrated gaming accessories is expected to drive the growth of gaming accessories market. However, high cost of gaming accessories like headsets is a major limitation to the market growth. New product launches in gaming accessories in the market is the factor that is anticipated to drive the global gaming accessories market. According to the analysts, Asia-Pacific is projected to register fast growth as compared to North American and European markets
The gaming accessories market growth is highly driven by the release of new game content with high graphic needs. Also, growing interest of adults in gaming world as a new career option is likely to provide huge market growth opportunities in the next few years
Asia-Pacific will provide more business opportunities for global electrostatic discharge (ESD) packaging markets market in future
Key players operating in the gaming accessories market include Nintendo Co., Ltd., Logitech International SA, Razer Inc., Corsair, Sennheiser, SADES Technological Corporation, Alienware, Plantronics, Google Inc., Cooler Master.
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the gaming accessories market from 2021-2030 to determine the prevailing opportunities.
Agreement, business expansion and product launch are the key growth strategy of global gaming accessories market players.
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