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The Gaming Accessories Market size is projected to increase by USD 2.51 billion, at a CAGR of 6.31% between 2023 and 2028. The growth rate of the market is influenced by several factors, including the expansion of online gaming communities, which drives increased engagement and user base. Additionally, the rising number of strategic partnerships and acquisitions between gaming companies is fostering innovation and consolidation in the industry. The increasing number of sports leagues also contributes to market growth by enhancing the popularity and reach of competitive gaming. These elements collectively shape the market dynamics, emphasizing the significant role of community expansion, strategic collaborations, and the proliferation of sports leagues in driving the industry's growth and evolution.
The market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 20 market companies, including Anker Technology UK Ltd., ANT Esports, ASUSTeK Computer Inc., Cooler Master Technology Inc., Corsair Gaming Inc., Cosmic Byte, Dell Technologies Inc., GN Store Nord AS, HP Inc., Logitech International SA, Mad Catz Global Ltd., Microsoft Corp., Razer Inc., Redgear, Redragon, Samsung Electronics Co. Ltd., Sony Group Corp., TURTLE BEACH CORP., Zebronics India Pvt. Ltd., and SHENZHEN SADES DIGITAL TECHNOLOGY Co. Ltd. Additionally, Anker Technology UK Ltd, a key company, offers gaming accessories such as the Anker 647 charging station, Anker 655 USB C hub, and Anker 737 power bank.
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The market encompasses a wide range of products designed to enhance the performance and experience of digital athletes in competitive gaming. These accessories include specialized gear such as gaming mice, keyboards, controllers, headsets, joysticks, web cameras, and more. The market for gaming peripherals has gained significant traction in the entertainment industries, fueled by the growing global gaming business and the increasing popularity of console gaming platforms like Xbox Series X. With the rise of 4K gaming and online gaming events, the demand for high-speed and high-quality gaming accessories has become essential for an optimal gameplay experience. The market landscape depends on the Game accessories, Speed, Gaming content. The market caters to the graphic needs of digital athletes, providing them with the competitive edge they need to excel in their chosen games. The gaming computer market represents a significant segment of the global computing industry, catering to consumers seeking high-performance systems for gaming and multimedia applications. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Expansion in online gaming communities is notably driving market growth. The global gaming business continues to evolve, offering immersive experiences through various platforms such as mobile gaming, PC gaming, and home consoles. To optimize gameplay, tech-savvy gamers invest in specialized hardware, including high-performance mice, controllers, and headsets. PC gaming enthusiasts prioritize graphic specifications, opting for DDR4 RAM, Ryzen CPUs, and Infinity Fabric technology. Meanwhile, PlayStation users seek stereo sound systems, controller stands, and media remotes. The advent of virtual reality (VR) and virtual reality/augmented reality (VR/AR) gadgets has further fueled the demand for gaming accessories. VR headgear and motion tracking equipment are essential for an authentic VR experience. Brands like Drop x Sennheiser cater to the audiophile gamer market, providing high-quality headsets for an enhanced gaming experience.
Moreover, the rise of e-sports and competitive gaming has intensified the need for advanced gaming accessories. Cellphones have emerged as a popular platform for mobile gaming, necessitating the use of portable controllers and charging solutions. Tech-dependent automobiles also integrate gaming capabilities, requiring specialized steering wheels and pedals. In summary, the market is a thriving sector, driven by the growing popularity of various gaming platforms and the quest for an optimized and immersive gaming experience. From PC gaming hardware to VR equipment, gaming accessories cater to diverse needs and preferences, enriching the global gaming business and the realm of visual entertainment. Such factors are expected to drive market growth during the forecast period.
Advancements in gaming accessories are an emerging trend shaping market growth. The global gaming business continues to evolve, with advancements in gaming accessories playing a significant role in enhancing gameplay experiences for users. Mobile and PC gaming hardware, such as wireless gaming mice, keyboards, headsets, and controllers, are becoming increasingly popular due to their ability to reduce clutter and offer advanced features. For instance, gaming mice equipped with optical or laser sensors provide precise tracking and responsiveness for fast-paced gaming, while high dots per inch (DPI) sensors allow for adjustable sensitivity levels. Moreover, tech-dependent automobiles, home consoles, and media remotes for virtual reality (VR) and VR/AR gadgets are also driving the demand for gaming accessories.
Further, VR headgear and motion tracking equipment, such as PlayStation VR, require compatible controllers and headsets for optimal performance. Stereo sound systems, like those from Drop x Sennheiser, further enhance the visual entertainment experience. Graphic specifications and visual entertainment are also key factors driving the growth of the market. High-end gaming PCs powered by DDR4 RAM, Ryzen CPUs, and Infinity Fabric or Threadripper-based machines, require advanced gaming peripherals to deliver optimal performance. As a result, gaming accessories, including wireless mice, headsets, and controllers, are becoming essential components of the gaming ecosystem. Such factors are expected to drive the market growth during the forecast period.
The increasing availability of counterfeit gaming accessories is a significant challenge hindering market growth. The global gaming business encompasses a wide range of tech-dependent products and services, including gameplay on mobile devices, PC gaming hardware such as mice and headsets, and home consoles. These accessories are essential for enhancing the user experience, with features like stereo sound, graphic specifications, and virtual reality equipment becoming increasingly popular. Brands like Drop x Sennheiser, PlayStation, and VR/AR gadgets are at the forefront of this industry. However, the market faces challenges due to the prevalence of counterfeit gaming accessories. Consumers purchasing these inferior products may encounter issues such as poor build quality, malfunctioning components, or limited functionality, which can negatively impact their gameplay and trust in the brand. Furthermore, safety risks are posed by these counterfeit accessories, which may not adhere to safety standards and regulations. Examples of these accessories include controller stands, media remotes, and headsets. In the case of headsets, inferior materials and manufacturing processes can lead to electrical hazards, overheating, or other safety-related issues.
Similarly, VR headgear and motion tracking equipment must meet specific safety requirements to ensure the user's safety during gameplay. Moreover, tech-dependent automobiles and home appliances, such as PlayStation VR and Threadripper-based machines, require high-performance gaming hardware. The use of DDR4 RAM and Ryzen CPUs, for instance, can significantly enhance the gaming experience. However, the presence of counterfeit accessories in the market can compromise the performance and reliability of these systems. In conclusion, the global market faces challenges due to the prevalence of counterfeit products. These accessories not only fail to meet the required performance standards but also pose safety risks to consumers. Brands and regulatory bodies must work together to ensure the quality and safety of gaming accessories, maintaining consumer trust and confidence in the market. Such factors are expected to limit the market growth during the forecast period.
The PC segment is estimated to witness significant growth during the forecast period. The market caters to the growing demand for customizable setups among PC gamers. High-performance hardware components, such as those found in the Razer Blade 14 series laptop with its advanced graphics capabilities, fuel this trend. Gamers can personalize their gaming experience with accessories like QHD+ 240 Hz displays from CORSAIR, which offer superior visual quality and response time. iCUE Murals Lighting from CORSAIR is another example of hardware-software integration, allowing users to customize the look of their gaming setup. Gamepads, joysticks, gaming keyboards, and gaming headsets are essential gaming accessories.
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The PC segment was the largest and was valued at USD 3.97 billion in 2018. Virtual reality devices, such as Oculus Rift or HTC Vive, offer immersive gaming experiences, while gaming consoles like the Xbox Series X support 4K and even 8K gaming resolutions. E-sports leagues and online gaming events further drive the demand for gaming peripherals that meet the graphic needs of console gaming and online games. Cooler Master, a leading brand in gaming peripherals, offers a range of wired and wireless technologies for gaming accessories. Webcams and headphones are essential for online gaming and communication, while controllers and gaming mice cater to different gaming genres and preferences. The entertainment industries continue to invest in video game systems and peripherals, further expanding the market for gaming accessories. Hence, such factors are fuelling the growth of this segment during the forecast period.
The global gaming business experiences continuous expansion, driven by the increasing popularity of video games across various platforms, including mobile devices, PC gaming hardware, and home consoles. Gameplay enhancements, fueled by advancements in technology, have become a priority for tech-savvy consumers. Gaming accessories, such as mice, headsets, controller stands, media remotes, and virtual reality (VR) equipment, play a significant role in this market. Innovations in gaming peripherals, like controllers, are crucial to improving gameplay experiences, performance, and catering to the evolving needs of gamers. For instance, PlayStation's latest controllers boast stereo sound, motion tracking, and haptic feedback. Similarly, companies like Drop x Sennheiser and Sony collaborate to create high-end gaming headsets with superior graphic specifications and visual entertainment capabilities. Hence, such factors are fuelling the growth of this segment during the forecast period.
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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have provided an extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The North American market witnessed substantial expansion in 2023, fueled by the region's burgeoning gaming industry. Factors such as expanding internet penetration, smartphone adoption, and the rise of esports have contributed to this growth. As the gaming ecosystem evolves, there is a heightened demand for premium hardware and software accessories to optimize gaming experiences across various platforms, including PC, console, and mobile gaming. Hence, such factors are driving the market growth in North America during the forecast period.
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ASUSTeK Computer Inc. - The company offers gaming accessories such as ROG Raikiri pro, Raikiri controllers, and ROG eye S webcam.
Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The market encompasses a wide range of products designed to enhance the user experience in the world of video games. These accessories include controllers, headsets, microphones, speakers, gaming chairs, and more. The market for gaming accessories is significant, with a large and growing consumer base. Consumers seek out these accessories to improve their performance, enhance their immersion in the game, and create a more comfortable gaming environment. Controllers are a crucial accessory for gaming, allowing users to interact with the game in a tactile way. Headsets and microphones enable communication with other players and provide a more immersive audio experience. The Gaming Peripheral Market refers to the industry dedicated to producing and supplying accessories for enhancing the gaming experience.
Additionally, speakers and gaming chairs offer improved sound quality and comfort, respectively. The market for gaming accessories is expected to grow due to the increasing popularity of gaming and the continuous advancements in technology. Consumers are always on the lookout for the latest and most innovative accessories to elevate their gaming experience. Gaming chairs, for instance, have gained popularity due to their ergonomic design and ability to provide comfort during long gaming sessions. Similarly, advanced controllers with haptic feedback and motion sensors offer a more immersive gaming experience. Overall, the market is a dynamic and growing industry, driven by the ever-evolving needs and preferences of gamers. The Europe gaming hardware market represents a significant segment of the global gaming industry.
Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.31% |
Market Growth 2024-2028 |
USD 2.51 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.87 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 39% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Anker Technology UK Ltd., ANT Esports, ASUSTeK Computer Inc., Cooler Master Technology Inc., Corsair Gaming Inc., Cosmic Byte, Dell Technologies Inc., GN Store Nord AS, HP Inc., Logitech International SA, Mad Catz Global Ltd., Microsoft Corp., Razer Inc., Redgear, Redragon, Samsung Electronics Co. Ltd., Sony Group Corp., TURTLE BEACH CORP., Zebronics India Pvt. Ltd., and SHENZHEN SADES DIGITAL TECHNOLOGY Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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