Gaming Peripherals Market Outlook
According to the report by Expert Market Research (EMR), the global gaming peripherals market size reached a value of USD 5,381.98 million in 2023. Aided by the increasing adoption of advanced gaming technologies and the expanding global gaming community, the market is projected to further grow at a CAGR of 10.3% between 2024 and 2032 to reach a value of USD 13,005.34 million by 2032.
Gaming peripherals, including keyboards, mice, headsets, controllers, and specialised gear like gaming chairs and streaming equipment, are essential tools for both casual and professional gamers. They enhance the gaming experience through improved control, responsiveness, and immersion, catering to various platforms such as PCs, gaming consoles, and mobile devices.
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With the rise of e-sports and live streaming, the gaming community is rapidly expanding, driving demand for high-quality peripherals to meet the needs of a competitive gaming environment and consequently driving up the gaming peripherals market share.
Advancements in sensor technology, ergonomic design, and immersive audio and video capabilities are revolutionising gaming peripherals. Moreover, gamers are willing to invest in premium peripherals that enhance their performance and experience, leading to higher average selling prices. As competitive gaming gains recognition as a legitimate sport, demand for tournament-grade equipment is growing. Devices compatible across multiple gaming platforms are in demand as gamers seek seamless transitions between consoles, PCs, and mobile devices.
Mechanical keyboards and high-DPI gaming mice with programmable buttons and customisable RGB lighting are popular among gamers for precision and tactile feedback. Additionally, surround sound headsets with noise cancellation and clear microphones are essential for immersive gameplay and team communication.
The global gaming peripherals market growth is primarily driven by the increasing number of gaming enthusiasts and the rising popularity of e-sports tournaments. This has resulted in the development of specialised gaming keyboards and gamepads. Additionally, the demand for immersive and realistic gaming experiences has led to a surge in the demand for high-quality gaming consoles and peripheral devices. Moreover, the PC gaming peripherals market in the Asia Pacific region is experiencing robust growth due to the presence of emerging market players and the availability of affordable products. Furthermore, the sector is benefiting from the immense popularity of games like PUBG, Minecraft, Fortnite, and League of Legends, which are contributing to its positive growth trajectory and leading to gaming peripherals market expansion.
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Nowadays, gamers increasingly prefer wireless peripherals for greater freedom of movement and a clutter-free setup. Improvements in latency and battery life have made wireless keyboards, mice, and headsets highly competitive with wired alternatives. Moreover, cloud gaming allows players to stream games directly to various devices, reducing the need for expensive gaming hardware. Peripherals tailored to work seamlessly with cloud gaming services are gaining popularity, particularly controllers with low-latency connectivity.
Additionally, AI algorithms are being used to optimise gaming peripherals. For example, AI-enhanced mice and keyboards can adjust sensitivity based on gameplay or customize lighting based on in-game situations.
As per the gaming peripherals market analysis, North America dominates the market with its established gaming sector, North America has a large base of console and PC gamers who demand high-end peripherals. Asia Pacific is also rapidly expanding due to its large gaming population and the popularity of mobile gaming in countries like China, Japan, and South Korea. Europe, with a growing e-sports scene and increasing console adoption is an emerging market with significant potential. Latin America and the Middle East are gradually increasing their market share as internet penetration and gaming adoption rise.
Market Segmentation
The market can be divided based on the product type, gaming device type, technology, distribution channel, and region.
Market Breakup by Product Type
- Headsets
- Keyboards
- Joysticks
- Mice
- Gamepads
- Others
Market Breakup by Gaming Device Type
- PC (Desktop/Laptop)
- Gaming Consoles
Market Breakup by Technology
- Wired
- Wireless
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global gaming peripherals market. Some of the major players explored in the report by Expert Market Research are as follows:
- Logitech International S.A.
- Mad Catz Global Limited
- Corsair Gaming, Inc.
- Turtle Beach Corporation
- Kingston Technology Company, Inc.
- Eastern Times Technology Co.,Ltd
- Gamdias Technology Co., Ltd
- Shenzhen Sades Digital Technology Co., Ltd
- Razer Inc.
- HP Inc.
- Zowie (BenQ Corporation)
- Others
Read More Reports:
3D Gaming Console Market: https://www.expertmarketresearch.com/reports/3d-gaming-console-market
Gaming Simulation Market: https://www.expertmarketresearch.com/reports/gaming-simulation-market
Perfumery Glass Bottle Market: https://www.expertmarketresearch.com/reports/perfumery-glass-bottle-market
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