The global gaming accessories market is growing profusely. Increasing adoption of smartphones in recent years has accelerated the market demand. Virtual reality (VR) and artificial intelligence (AI) technologies have fuelled the growth of the market.
Besides, rapid advances in virtual reality gaming accessories, alongside the spurring rise in the wearable Gaming Accessories Market Analysis , impacted the market growth positively. Growing penetration of high-speed Internet & smart devices and digital transformation in the media & entertainment industry influences the market revenues.
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Increasing gaming as a service platform and the proliferation of digitalization have enabled end-users to store, access, and share data across different platforms worldwide. According to Market Research Future (MRFR), the global gaming accessories market would reach an exponential valuation by 2027, registering an impressive CAGR during the forecast period (2020–2027).
Digital transformation, alongside advancements in mobile technology and high Internet penetration, has significantly impacted the media and entertainment industry. On the flip side, the high costs of gaming peripherals like DPI mouse and anti-ghost switches act as a major restraining factor to the gaming accessories market growth.
Global Gaming accessories Market – Segments
The market is segmented into device types, products, end-users, and regions. The device type segment is bifurcated into PC (desktop and laptop), gaming consoles, smartphones, and others. The product segment is bifurcated into gamepads, mouse, keyboards, surfaces, headsets, controllers/ joysticks, cooling fans, virtual reality (VR) devices, web cameras, and others.
The end-user segment is bifurcated into professional and casual gaming. The region segment is sub-segmented into Europe, Americas, Asia Pacific, and the Rest-of-the-World.
Gaming accessories Market – Regional Analysis
North America leads the global gaming accessories market, witnessing the higher adoption of gaming. Besides, the strong presence of gaming platform providers and professional gamers drives the gaming accessories market size. Increased government investments in cloud computing & related technologies and increasing penetration of smartphones & high-speed Internet are some of the major trends in the market.
Moreover, a large number of gaming enthusiasts and high penetration of gaming consoles such as PlayStation and Xbox boost the gaming accessories market industry in the region. Various gaming companies operating in the regional market are expanding their product offerings resulting in the rapid growth of the market. Additionally, the rising 5G infrastructure development initiatives and investments by players operating in the region influence market growth.
Global Gaming accessories Market - Competitive Analysis
The fiercely competitive gaming accessories market appears fragmented, with many large & small players forming a competitive landscape. Product launch, agreement & partnership, M&A, and expansion are strategic initiatives traced from recent market proceedings.
Major Players:
Players leading the gaming accessories market are Logitech International SA (Switzerland), Alienware (US), Razer Inc. (US), Turtle Beach (US), Mad Catz (US), Corsair (US), Sennheiser (Germany), Cooler Master (China), HyperX (US), Reddragon (US), Anker (China), SADES Technological Corporation (China), Google Inc. (US), Plantronics (US), Nintendo Co., Ltd (Japan), Oculus VR, LLC (US), Xiaomi Corporation (China), HP Inc. (US), Dell Inc. (US), Acer Inc. (Taiwan), AsusTek Computer Inc. (Taiwan), Sony Corporation (Japan), Nvidia Corporation (US), and SteelSeries (Denmark), among others.
Industry/ Innovation/ Related News
Aug. 16, 2021 --- Logitech launched its 'G Pro' gaming accessories portfolio in India. The addition of another gaming accessory - the G Pro gaming mouse for avid PC gamers are designed in collaboration with over 50 E-Sports pros.
This premium wireless gaming mouse would be available on Amazon.in and extends the brand's G Pro lineup for the Indian gaming community alongside the wireless gaming headsets. The G Pro wireless gaming mouse is specially designed for PC gamers offering rapid response times from a navigating device while playing graphics-intensive games.
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