The global gaming peripheral market size is expected to reach USD 6.96 billion by 2025, registering a CAGR of 10.4% from 2020 to 2025, according to a new report by Grand View Research, Inc. 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
scope of gaming hardware market has gone to a vast extent encompassing a lot of
diversity of applications. To supplement the growth factors, investment is one
of the value chain components that features the game or a large corporation
dealing with large-budgets. On contrary, independent developers may also opt to
fund their own platforms. Ongoing innovations are further expected to drive the
market growth. For instance, in October 2019, Logitech G, a brand of Logitech
introduced PRO X mechanical gaming keyboard that comes with swappable switches
as a part of personalization. The new keyboard is a better choice for Esports
professionals that exhibits a high reliability and features in enhanced
designing.
Asia
Pacific is expected to witness a rapid growth attributing to wide popularity of
video games and high preference for entertainment and online gaming. India
being a huge market for online gaming is gaining traction as digitalization is
at its peak. Government initiatives such as ‘Skill India’ and ‘Make in India’
have been encouraging the development of gaming peripherals and entertainment
industry. In addition, Indian consumers possess a huge liking for online games
and are inclined toward spending on these peripherals.
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Gaming Peripherals
Market Report Highlights
- 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
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Gaming Peripherals
Market Segmentation
Grand View Research has
segmented the global gaming peripherals market based on product, device, type,
distribution channel, and region:
Gaming Peripherals
Product Outlook (Revenue, USD Million, 2014 - 2025)
- Headsets
- Keyboard
- Controller
- Mice
- Others
Gaming Peripherals
Device Outlook (Revenue, USD Million, 2014 - 2025)
- PC
- Gaming Consoles
Gaming Peripherals
Type Outlook (Revenue, USD Million, 2014 - 2025)
- Wired
- Wireless
Gaming
Peripherals Distribution Channel (Revenue, USD Million, 2014 -
2025)
- Online
- Offline
Gaming Peripherals
Region Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
List of Key
Players of Gaming Peripherals Market
- Cooler Master Technology Inc.
- CORSAIR
- Logitech
- Mad Catz
- Plantronics Inc.
- Rapoo Corporation
- Razer Inc.
- Reddragon USA
- SteelSeries
- Turtle Beach
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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