Gaming Accessories Market is Expected to Reach USD 15.2 Billion With CAGR of 12.30% By 2030 | MRFR

Gaming Accessories Market Overview:

According to the MRFR research report, Gaming Accessories Market Research Report: By Device Type, Product, End-Use, and Region – Forecast till 2030, the gaming accessories market is predicted to thrive substantially at a robust CAGR of approximately 12.30% during the review timeframe from 2021 to 2030. The report further predicts that the market will attain over USD 15.2 Billion by the end of 2030.

Market Scope: Video game accessory refers a vital aspect of any video game console. It can improve the overall video gaming experience. There are many high-end gaming accessories available across the market globally at present. The web camera, virtual reality, joystick, and other accessories enhance the overall experience. There are several kinds of inputs for any video game. Gaming is considered one of the fastest-growing global market areas. Online gaming has gained massive traction in recent years. High-end technologies are crucial to attaining a brilliant gaming experience. The gaming peripherals market is growing, which in turn is positively influencing the growth of the accessories market. The gaming accessories are compatible with several devices. They are successful in PC, gaming consoles, and smartphones. Furthermore, the growing technological development in the field is another prime parameter boosting the market growth.

Report Scope:

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Competitive Analysis

The list of prominent leaders across the global market for gaming accessories includes companies such as:

• SteelSeries
• Alienware (Dell)
• Sennheiser Electronic GmbH & Co. KG
• Razer Inc.
• Cooler Master Co. Ltd
• Logitech International SA
• Red dragon
• Mad Catz Global Limited
• Anker
• Corsair Components Inc.
• Nintendo Co. Ltd
• Turtle Beach Corporation
• Nvidia Corporation
• Sony Corporation

Market USP Covered

Market Drivers

The global market for gaming accessories has grown immensely in recent years, given the factors such as the growing adoption of smartphones, advanced games and accessories, integration of AR, and the launch of the next-gen home consoles.

Market Restraints

On the other hand, the high cost of gaming peripherals may restrict the market’s growth.

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COVID-19 Impact

The global health crisis in the form of COVID-19 has impacted the majority of the industry areas across the globe. Low production rates and decline in demand are some of the significant impacts of the pandemic on the market areas. But unlike all the market areas, the gaming accessories market has witnessed positive growth during the pandemic. Although the pandemic market witnessed several unexpected challenges at the start of the pandemic market, it picked up pace by the end of 2020. On the other hand, given the global lockdowns and travel restrictions, people choose to stay in their homes and use these accessories for entertainment purposes. With all the industrial and financial operations returning to normal, the global market for gaming accessories is anticipated to multiply over the coming years.

Segment Analysis

Among all the components, the headsets segment is predicted to dominate the global market for gaming accessories over the review era. The segment’s growth is ascribed primarily to the essential features allowing a gamer to hear and talk while playing. A proper set of headphones boosts the gaming experience.

Among all the device types, the PC device type segment is predicted to lead the global market for gaming accessories over the coming years. the main factor supporting the segment’s growth is the growing demand for gaming PCs among gamers. These PCs are known to provide a smooth gaming experience given their custom-built specifications like graphics processing unit, high-end processor, aesthetic looks, liquid cooling, etc. In addition, the growing popularity among youth and elevating disposable income is also expected to influence the segment’s growth over the coming years.

Based on the connectivity type, the wired devices segment is predicted to dominate the global market over the coming years, given the aspects of dependability and stability.

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Regional Analysis

The global gaming accessories market is analyzed across five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

According to the research reports by MRFR, the Asia-Pacific region is anticipated to dominate the global market for gaming accessories over the review timeframe. The region has China as a leading growth contributor accounting for the highest contribution to the regional market. Furthermore, the growing number of accessories manufacturers across the region is the central aspect supporting the regional market growth. Moreover, the growing craze of online gaming events and expanding population across the region are also anticipated to boost the demand for these accessories over the assessment era.

The gaming accessories market for the North American region is anticipated to grow substantially over the review timeframe. The introduction of more E-sports causing high demand across the region is the main factor boosting the growth of the regional market.

The European regional market for gaming accessories is anticipated to exhibit substantial growth over the assessment timeframe. The prime aspect supporting the regional market’s growth is the high innovations and new developments. Furthermore, the production and supply rates are predicted to boost the regional market’s growth over the review era.

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