USD 4.67 billion
Gaming Peripheral Market Size, Share, Growth Analysis, By Product(Headsets, Keyboard, Controller, Mouse), By Device(Personal Computer (PC), Gaming Consoles), By Type(Wired, Wireless), By Distribution Channel(Online, Offline), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45I2108 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
116
|Figures:
68
Gaming Peripheral Market Insights
Global Gaming Peripheral Market size was valued at USD 5.28 billion in 2022 and is poised to grow from USD 5.84 billion in 2023 to USD 12.97 billion by 2031, growing at a CAGR of 10.70% in the forecast period (2024-2031).
The global gaming peripheral market has experienced substantial growth in recent years, driven by the expanding global gaming industry. Gaming peripherals, which include devices like keyboards, mice, headsets, controllers, and monitors, are essential tools for gamers seeking enhanced performance and immersive experiences. The market's growth can be attributed to several factors. The rising popularity of esports and competitive gaming has led to increased demand for high-performance peripherals that offer precision and responsiveness. Technological advancements, such as customizable RGB lighting, ergonomic designs, and advanced sensor technology, have also contributed to the market's expansion. Moreover, the gaming peripheral market benefits from the constant evolution of gaming platforms, such as PC, console, and mobile devices, creating diverse avenues for peripheral manufacturers to cater to different user preferences.
The increasing disposable income of consumers, particularly among the younger demographic, further fuels the demand for premium and specialized gaming accessories. In conclusion, the gaming peripheral market is poised for continued growth, fueled by the ongoing expansion of the gaming industry and the quest for improved gaming experiences. Manufacturers that can strike a balance between innovation, quality, and affordability are likely to thrive in this dynamic and evolving market.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
PC
Fastest Growth
PC
Growth Rate
10% CAGR
Global Gaming Peripheral Market ($ Bn)
Country Share for North America Region (%)
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Gaming Peripheral Market Segmental Analysis
Global Gaming Peripheral Market is segmented by Product, Device, Type, Distribution Channel and region. Based on Product, the market can be segmented into Headsets, Keyboard, Controller, Mouse, Others. Based on Device, the market is segmented into Personal Computer (PC) , Gaming Consoles. Based on Type, the market is segmented into Wired, Wireless. Based on Distribution Channel, the market is segmented into Online, Offline. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Gaming Peripheral Market Analysis By Product
Among gaming peripherals, the dominant segment is the Headsets category. High-quality audio and communication capabilities are crucial for immersive gaming experiences and online interactions, driving the consistent demand for gaming headsets. These peripherals offer features like surround sound, noise cancellation, and comfortable designs, making them essential for competitive and casual gamers alike.
On the other hand, the fastest growing segment is the Controller category. With the increasing popularity of esports and the expansion of gaming to a wider audience, controllers have gained traction. This is especially true as gaming platforms extend beyond traditional PCs to include consoles, mobile devices, and cloud gaming services. The demand for versatile and customizable controllers, suitable for various genres and platforms, contributes to the rapid growth of this segment.
Gaming Peripheral Market Analysis By Device
In the gaming peripheral market, the most dominant segment is the PC gaming peripherals, which encompasses a wide range of accessories tailored for computer gaming. These peripherals include gaming mice, mechanical keyboards, high-performance headsets, gaming monitors, and specialized controllers. The PC segment holds a significant share due to the expansive PC gaming community, customization options, and the demand for precision and performance.
On the other hand, the Gaming Consoles 1 (GC1) segment stands out as the fastest-growing sector. As console gaming continues to evolve and reach new heights of popularity, the demand for specialized peripherals such as advanced controllers, wireless headsets, and gaming-specific accessories is surging. The integration of online multiplayer and eSports on consoles has further driven the need for high-quality peripherals, making the Gaming Consoles 1 segment a rapidly expanding market.
Global Gaming Peripheral Market By Device
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Gaming Peripheral Market Regional Insights
The global gaming peripheral market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The gaming peripheral market exhibits a dominant presence in North America, driven by a tech-savvy population, strong gaming culture, and high disposable income. The region's established gaming industry, coupled with a penchant for cutting-edge technology, positions North America as the most dominant segment in the market.
On the other hand, Asia-Pacific stands out as the fastest-growing segment. The rapid proliferation of esports and a burgeoning gaming community in countries like China, South Korea, and Japan fuel the demand for gaming peripherals. The region's increasing internet penetration, affordable hardware, and growing middle-class population contribute to its rapid expansion, making Asia-Pacific the fastest-growing market for gaming peripherals.
Global Gaming Peripheral Market By Geography
- Largest
- Fastest
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Gaming Peripheral Market Dynamics
Gaming Peripheral Market Drivers
Rise in Gaming Industry:
- The booming gaming industry is a major driver for the gaming peripheral market. As the popularity of video games continues to grow, there is a corresponding increase in demand for high-quality peripherals such as gaming mice, keyboards, controllers, and headsets. The constant innovation and advancements in gaming technology fuel the need for specialized peripherals, enhancing the gaming experience and driving market growth.
E-sports and Competitive Gaming:
- The rise of e-sports and competitive gaming has significantly contributed to the demand for gaming peripherals. Professional gamers and enthusiasts seek precision, speed, and customization in their peripherals to gain a competitive edge. This trend has led to a surge in demand for high-performance gaming peripherals designed to meet the specific requirements of e-sports players, driving innovation and expansion in the market.
Gaming Peripheral Market Restraints
Price Sensitivity:
- Gaming peripherals often come with a premium price tag due to their advanced features and specialized designs. This pricing can be a significant barrier for some consumers, especially in price-sensitive markets or among casual gamers. The relatively high cost of gaming peripherals compared to standard alternatives can limit market penetration and growth potential.
Compatibility and Integration Challenges:
- As gaming peripherals become increasingly sophisticated, ensuring seamless compatibility and integration with various gaming platforms, consoles, and devices can be challenging. Incompatibility issues and the need for constant updates or drivers can frustrate users and hinder the adoption of new peripherals. This complexity may deter some potential customers and impact market growth.
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Gaming Peripheral Market Competitive Landscape
The global gaming peripheral market’s competitive landscape is characterized by intense rivalry among manufacturers striving to innovate and capture the attention of gamers. Companies are continuously developing cutting-edge technologies to enhance user experience, including advanced sensors, customizable controls, and ergonomic designs. The market is witnessing partnerships with esports organizations and influencers to boost brand visibility. Additionally, the trend of RGB lighting customization and integration with gaming software is driving differentiation. As the demand for immersive gaming grows, the competition in the gaming peripheral market is fueled by a focus on performance, aesthetics, and user-centric features to cater to the preferences of a diverse and discerning gamer community.
Gaming Peripheral Market Top Player’s Company Profile
- Anker Innovations Limited: China
- HyperX/Kingston Technology Company, Inc.: United States
- Logitech: Switzerland
- Plantronics Inc.: United States
- Rapoo Corporation: China
- Razer Inc.: United States
- Redragon USA: China
- Turtle Beach: United States
Gaming Peripheral Market Recent Developments
- In 2022, Logitech G released the G Pro X Superlight, a wireless gaming mouse that weighs just 63 grams. This makes it one of the lightest gaming mice on the market.
- In 2022: Razer released the Razer Kishi, a mobile gaming controller that allows gamers to use their smartphones like a traditional gaming console.
- In 2022: SteelSeries released the Arctis Nova Pro, a high-end gaming headset with active noise cancellation and spatial audio.
- In 2023: Corsair released the Sabre RGB Pro Wireless, a wireless gaming mouse with a high-speed sensor and a lightweight design.
- In 2023: HyperX released the Cloud Alpha Wireless, a wireless gaming headset with a comfortable design and a long battery life.
Gaming Peripheral Key Market Trends
Customization and Personalization:
- Gamers are increasingly seeking gaming peripherals that offer customization options to suit their individual preferences and gameplay styles. Manufacturers are responding by designing products with customizable RGB lighting, programmable buttons, adjustable sensitivity, and modular designs. This trend caters to the diverse needs of gamers and enhances their immersive gaming experience.
Integration of Advanced Technologies:
- The gaming peripheral market is witnessing a surge in the integration of advanced technologies such as haptic feedback, adaptive triggers, and motion sensors. These technologies enhance realism and interaction in gaming, making the peripherals more responsive and immersive. Additionally, there is a growing trend of incorporating wireless connectivity and seamless compatibility with multiple platforms to cater to the evolving gaming ecosystem and user demands.
Gaming Peripheral Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global gaming peripheral market analysis, the market is experiencing robust growth driven by the booming global gaming industry. Increased demand for high-performance and customizable peripherals such as keyboards, mice, headsets, and controllers is propelling market expansion. Technological advancements, including RGB lighting, wireless connectivity, and enhanced sensor precision, are influencing consumer preferences. The rise of esports and competitive gaming has further fueled demand for professional-grade peripherals. However, competition among manufacturers, price sensitivity, and compatibility concerns may impact market dynamics. With the continuous evolution of gaming trends and the integration of innovative features, the gaming peripheral market is poised for sustained growth, driven by the ever-expanding gaming community and its quest for immersive gaming experiences.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.28 billion |
| Market size value in 2031 | USD 12.97 billion |
| Growth Rate | 10.70% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Gaming Peripheral Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Gaming Peripheral Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Gaming Peripheral Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gaming Peripheral Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Gaming Peripheral Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gaming Peripheral Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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