Gaming Peripherals Market is Expected to Reach $8,690 Million by 2027, Driven by Growing Popularity and Increase in Investments in Virtual Games and Esports Globally

NEW DELHI, February 7, 2022 /PRNewswire/ — Global gaming peripherals market was rated at US$4,895.7 million in 2021 and is expected to reach US$8,690 million by 2027. The market is expected to register a CAGR of 10% during the forecast period. The global gaming peripherals market is driven by the growing popularity of e-sports or virtual games around the world. The market continues to grow due to increased investment in gaming peripherals, e-sports, and growing number of gamers globally. The growing demand for a realistic and immersive gaming experience has led to significant development of special gaming peripherals. The esports industry has seen remarkable growth over the years with the potential to reach a wide audience in terms of popularity.

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With the increasing inclination of consumers for online and social media gaming, many leading companies and government authorities have invested in the field of esports and advanced gaming peripherals market. However, factors such as higher initial cost, lack of standardization, and increased availability of counterfeit products are inhibiting the growth of the gaming peripherals market.

Market segmentation

Output Devices segment is estimated to have the highest market share during the forecast period

Based on device, the gaming peripherals market is segmented into input devices (controller, gamepads, gaming mice, headsets, joysticks, keyboards, others) and output devices (AR/VR headsets, game, printer, speakers and others). Exit device segment dominates the market with 55% market share in 2021. Factors such as increased advancement of exit devices, rising popularity of e-sports and virtual games in recent years have bolstered the share of market for these devices in the global market.

The gaming console segment dominates the global gaming peripherals market

Based on platform, the gaming peripherals market is divided into gaming consoles and PC (desktop/laptop). The game console segment is estimated to hold the highest market share during the forecast period. Game consoles have a high probability of rapid growth based on growing popularity, compact size accessible to hardware, and user-friendly interface. The game console segment is expected to grow at the fastest CAGR of 10.5% during the forecast period.

Wireless Connectivity Segment is Expected to Grow at the Fastest CAGR Over the Forecast Period

Based on connectivity, the gaming peripherals market is classified into wired and wireless connectivity. Wired connectivity segment is estimated to have the highest market share in 2021. Growing preference for smart and wireless devices, growing popularity of virtual video games and PCs are expected to drive the demand for wireless segment . Additionally, the vendors and major market players are continuously focusing on the development of advanced and wireless devices.

The online segment holds the highest market share in terms of distribution channel

Based on distribution channel, the gaming peripherals market is segmented into online and offline channels. The online segment dominates the market and is expected to witness strong growth over the forecast period. The online distribution channel is gaining significant market as several vendors focus on digital sales. Also, the rapid increase in the proliferation of the Internet and web-based platforms tends to be a critical factor in the growth of the online distribution channel.

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The individual segment is expected to be the most lucrative segment during the forecast period

The end-user segment is categorized on the basis of personal, corporate, and commercial (amusement arcades, theme parks/amusement centers). The individual segment contributed the largest market share for the gaming peripherals market during the forecast period. Growing government initiatives to boost the development of esports has further accelerated the growth of the market across the globe. The enterprise segment has the highest CAGR in the market, as it focuses on delivering real-time gaming experiences to users.

North America is expected to hold the largest market share in the global gaming peripherals market

North America The gaming peripherals market holds the largest market share during the forecast period. The United States is majorly contributing to the market growth in the region owing to the growing preference for personalized gaming experience, large-scale investments for video games and e-sports. Asia Pacific the region is estimated to grow at the fastest CAGR during the forecast period.

Competitive landscape

The global gaming peripherals market is highly competitive. Some of the key players operating in the global market include Alienware (Dell), Anker Innovation Limited, Cooler Mater Technology Inc., Corsair Components Inc, Redragon Zone, Gamdias, Guillemot Corporation SA, HP Development Company LP, Kingston Technology Company Inc, Logitech. International SA, Mad Catz, SADES Technological Corporation, Sennheiser electronic GmbH & Co. KG, Sharkoon Technologies, Rapoo, SteelSeries, Razer Inc, GIGA-BYTE Technology Co Ltd, Thermaltake Technology Co. Ltd. and Turtle Beach Corporation.

Company Profile

  • alienware is an American multinational corporation that has a broad product portfolio in notebook computers, desktop computers, graphics amplifiers and video consoles. The company has a global reach and offers a wide range of gaming accessories such as keyboards, gaming monitors, gaming chairs, gaming headsets, and replacement parts.

  • Anker Innovation Limited is an electronics company known for manufacturing computer and mobile peripherals such as phone chargers, power banks, headphones, speakers, torches and many more. Across the globe, the company is primarily focused on its key innovations such as AI-enabled smart webcam and noise-isolating portable conference speaker and its key brands that are driving unprecedented growth.

  • Corsair Components Inc. is an American computer hardware and peripherals company with a broad product portfolio in gaming equipment, streaming equipment, PC components, gaming PCs and software. In terms of business revenue segmentation, gaming components and systems segment hold the largest percentage share. Corsair believes that through acquisitions they will create new, world-class gaming experiences for PC gamers.

  • Turtle Beach Company is an American game accessories manufacturing company, supplying its product in the audio and game accessories industry. It is one of the leading suppliers of game accessories in the world. North America holds the highest percentage of revenue in terms of geographic segmentation.

Introduction to Segmentation

The global gaming peripherals market is segmented on the basis of input device, output device, platform, connectivity, distribution channel, end-user, and region. The industry trends in the global market are sub-divided into different categories to get a comprehensive view of the gaming peripherals market.

Following are the various segments of the global gaming peripherals market:

  • Segment by Device of the Global Gaming Peripherals Market is sub-segmented into:

  • Per device Global Gaming Peripherals Market segment is sub-segmented into:

  • By Platform Type, the global gaming peripherals market segment is sub-segmented into:

  • Connectivity segment of the global gaming peripherals market is sub-segmented into:

  • By distribution channel Global Gaming Peripherals Market segment is sub-segmented into:

  • Per end user Global Gaming Peripherals Market segment is sub-segmented into:

  • By type of region Segment of Global Gaming Peripherals Market is sub-segmented into:

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