The global Gaming Peripheral market size is expected to be worth around US$ 6.95 billion by 2027, according to a new report by Vision Research Reports.
The global Gaming Peripheral market size was valued at US$ 3.86 billion in 2019 and is anticipated to grow at a CAGR of 10.3% during forecast period 2020 to 2027.
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Growing popularity of virtual gaming in recent years has resulted in accelerated development of gaming peripherals. Growing popularity of e-sports and the increasing number of gamers globally are expected to drive demand for the market. Virtual games and e-sports also have led to the development of gamepads and special gaming keyboards, which can be customized and provide better ergonomics to the user, which is expected to drive the market growth. Increasing demand for realistic and immersive gaming experience has created the need for peripheral devices, superior quality gaming consoles, and body sensors.
The increasing number of online gamers and hardware improvements such as faster processors, graphics and sound cards has enabled a wider scope for the industry. In addition, the industry is also witnessing a high influx of revenue based on a high consumer spending for ultra-modern games. In the past two decades video games have progressed through many stages as gaming consoles have become more sophisticated in the recent years.
- The headsets segment is expected to expand at the highest CAGR from 2019 to 2025. The introduction of advanced features such as multiple connectivity option, noise canceling technology, adjustable controls, and high audio quality driving demand for headsets segment
- The gaming consoles segment is expected to register the highest CAGR over the forecast period. This growth can be attributed to the introduction of consoles with wireless connectivity and increasing number of gamers globally
- Wired segment is still a predominant aspect of technological growth as there is a robust demand for DVD games and other hardware such as joystick, mouse, and other peripherals
- Online distribution is expected to gain a strong growth as developers now focus on developing their own platforms for release and distribution
- North America held the largest market share in 2019 and is expected to maintain its dominance over the forecast period. Growing demand for advanced gaming peripherals such as wireless keyboard and mouse, 4K gaming console, and wireless headsets with noise cancellation technology for enhanced gaming experience is expected to drive the growth
- Cooler Master Technology Inc.
- Mad Catz
- Plantronics Inc.
- Rapoo Corporation
- Razer Inc.
- Reddragon USA
- Turtle Beach
Gaming Peripherals Product Outlook
Gaming Peripherals Device Outlook
- Gaming Consoles
Gaming Peripherals Type Outlook
Gaming Peripherals Distribution Channel
Gaming Peripherals Region Outlook
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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