Gaming Peripheral Market:
Growth opportunities in the gaming peripheral market look promising over the next six years. This is mainly due to the augmenting demand for the realistic and immersive gaming experience, the rising number of online gaming tournaments, introduction of IoT in the gaming industry, and continuous technological advancements.
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Gaming Peripheral Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The major factors surging the growth of the gaming peripheral market are increasing popularity of e-sports and virtual games, the commencement of IoT in gaming industry, and the surging demand for immersive and realistic gaming experience amid consumers. The growing number of online gamers, accompanying the increasing number of gaming tournaments like PUBG Global Championship, eSports World Convention (ESWC), Call of Duty World League (CWL), Call of Duty Pro League, and FIFA eWorld Cup are further augment the gaming peripherals market share. Additionally, technological innovations and developments in connectivity technologies including 4G, 5G, NFC, RFID, Bluetooth, and Wi-Fi and the introduction of location-based virtual reality and augmented reality are projected to contribute huge growth opportunities to the gaming peripherals market.
However, huge cost, lack of acknowledgment related to the brand and quality of gaming peripherals, and availability of forged products are projected to hamper the growth of the market over the forecast period.
Product Segment Drivers
On the basis of product, the market is segmented into headsets, keyboard, controllers, mice, and others. The headsets is expected to lead the market because of the augmenting demand for wireless headsets to improve gamer’s experience and awareness. Moreover, gaming headsets provide a built-in microphone, superior and crisp clear sound production, external noise blocking, and improved communication on multiplayer games, this is predicted to strengthen the segment over the forecast period.
Regional Drivers
Based on region, North America is projected to dominate the gaming peripheral market due to the popularity of online games, high per capita expenditure, and availability of advanced gaming devices, integrated with huge expenditure on video games and peripherals in the region. On the other hand, Asia-Pacific is expected to expand at a higher CAGR over the forecast period owing largely to the development of advanced gaming peripherals in the developing economies like India, Japan, China, and South Korea. Furthermore, a lot of young populations, together with the rising popularity of multiplayer video games, further fuel market growth.
Leading Gaming Peripheral Market’s Companies:
- Logitech International S.A.
- Harman International Industries
- Redragon USA
- Rapoo Corporation
- Mad Catz Global Limited
- Cooler Master Technology Inc.
- Incorporated
- GameStop Corp.
- Corsair Gaming Inc.
- Plantronics Inc.
- Razer Inc.
Gaming Peripheral Market Segmentation:
Segmentation by Product:
- Headsets
- Keyboard
- Controller
- Mice
- Head-mounted Display
- Others
Segmentation by Device:
- PC
- Gaming Consoles
Segmentation by Type:
- Wired
- Wireless
Segmentation by Distribution Channel:
- Online
- Offline
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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