Market Research Future Insights
According to marker research future insights analysis, the global gaming-accessories market is expected to register a CAGR of ~ 9.70% from 2022 to 2030 and hold a value of over ~USD 12.37 billion by 2030.
The rise in popularity of online games is one of the market trends for gaming accessories fueling demand in the sector. As more games are released, so does the number of gamers globally. The global popularity of smartphones is also anticipated to increase the market for gaming accessories. In addition, the advent of augmented reality (AR) and virtual reality (VR) in gaming promotes market growth, according to our analysis of the gaming accessories sector. The industry is expanding globally because of the rising popularity of smartphones and quickly developing technologies like virtual reality (VR) and artificial intelligence (AI). Major gaming console producers like Nintendo and Microsoft are leading the charge because they recognize the potential of AR. The need for cutting-edge gaming keyboards and gamepads has increased due to the rapid development of e-sports. The market for gaming accessories is anticipated to expand over the projected period as gaming content is continuously improved. The demand for gaming peripherals has increased thanks to smartphones' rising popularity recently. Advancements in technologies like virtual reality (VR) and artificial intelligence (AI) have accelerated the growth of the global gaming peripherals market.
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The gaming accessories market is a rapidly growing industry that provides various products to enhance the gaming experience of gamers. With the increasing popularity of video games and esports, the demand for gaming accessories has been growing steadily.
Some of the most popular gaming accessories in the market include:
- Gaming mice: These are designed specifically for gaming and provide higher precision and faster response times.
- Gaming keyboards: These are designed to withstand heavy use and offer features such as programmable keys and backlighting.
- Gaming headsets: These provide high-quality audio and allow gamers to communicate with each other during gameplay.
- Gaming controllers: These are designed for use with gaming consoles and provide a more comfortable and responsive gaming experience.
- Gaming chairs: These are designed to provide comfort and support during long gaming sessions.
- Gaming monitors: These offer high refresh rates and low input lag for a smoother and more responsive gaming experience.
Some of the key market players are Logitech International SA, DuckyChannel International Co., Ltd., Corsair, steelseries, Razer, hyperx, ZOWIE (BenQ), mad catz, Cooler Master Technology Inc., Plantronics Inc.
Asia Pacific dominated the market for gaming accessories in 2021. Growing e-sports popularity and viewership in nations other than China, such as Indonesia, Vietnam, Malaysia, etc., have created new market prospects for gaming equipment. The popularity of esports is driving up demand for console video games, which will continue to grow in the future. Additionally, some new platforms are being developed to boost Aisa-Pacific growth by expanding the availability of local content.
North America is expected to register lucrative growth in the market for gaming accessories. The next-largest key player is in North America, where there is a huge demand. There will be a significant demand as additional E-sports are introduced. These markets have a lot of new advancements and innovations. During the predicted timeframe, production and supply rates will also peak
The global gaming-accessories market has been segmented into component device type, connectivity and end users. The market has been segmented based on components: mice, controllers, others, headsets and keyboards. The gaming headset segment accounted for the largest share of the market in 2021. The emphasis on immersive gaming experiences has raised the market for gaming headsets. It is anticipated that this market, concentrating on better stereo sound, would grow dramatically among professional players. According to the preferences of players, gaming headsets can be extensive. Additionally, the mice segment accounted for registering the second largest share in the market Initiatives, conferences, meetings, and events. Managing, coordinating, and delivering meetings, exhibitions, conferences, seminars, and other similar events is the industry's focus, also known as the MICE industry. Businesses and individuals also organize networking conferences to introduce them to others in their field.
The market has been bifurcated device types into PC and gaming consoles. Gaming Console accounted for the largest revenue share in 2021. The time clients spend playing games increases along with their variety and number. The increasing use of immersive technologies like virtual, augmented, and mixed reality will be a key aspect of the platform. Users can enhance their experience to make it more enjoyable and useful than available alternatives. During the forecast period, these factors are anticipated to propel market expansion. On the other hand, the PC segment is estimated to hold a significant market share. Gamers who utilize a personal computer to play games but are not, particularly hardware fans, have long favored PC gaming. In contrast to users of commodity systems, who aim to save as much money as possible, PC gamers prefer to optimize performance.
Based on the connectivity type of end user, the market has been segmented into wired and wireless. The wired segment accounted for the largest revenue share in 2021 in the market for gaming accessories. Because they are less prone to interference, wired networks are often significantly faster than wireless ones. Dependability and stability. The reliability and stability of a wired network are higher than those of a wireless network. Besides, and the wireless segment is accounted to hold a significant market share. There is a specialized market for wireless peripherals since computers and video games are becoming increasingly well-liked. Market providers also consistently prioritize the development of sophisticated wireless peripherals.
Based on end users, the market is segmented as online and offline. In 2021, the online sales channel increased its market share significantly. Many people today prefer making purchases online over the more conventional way of traveling to stores because of many perks and benefits. Some of the main advantages of online shopping include convenience, better prices, a large selection, simple price comparison, and exciting discounts. Besides offline segment is anticipated to record the highest growth in the market. Significant private venture capitalist investments in start-ups in this region have increased spending on marketing and promotional efforts to attract customers, which would encourage customer loyalty and, ultimately, customer retention, which drives the segment.
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