Home > > Semiconductor And Electronics > > Gaming Accessories Market Size, Share | Growth Opportunities 2031
Id: CBI_ 1431 | Pages: 269 | Format : PDF | Published : | Author : Pawan Chasta
Gaming Accessories Market size is estimated to reach over USD 18,276.54 Million by 2031 from a value of USD 8,558.77 Million in 2023 and is projected to grow by USD 9,257.68 Million in 2024, growing at a CAGR of 9.9% from 2024 to 2031.
Gaming accessories are peripheral devices designed to enhance and optimize gaming experience. They include gaming mice, keyboards, controllers, headsets, and others to make gaming a more comfortable, immersive, and intense experience. Moreover, these accessories offer an enhanced gaming experience by providing better control, faster response times, and more immersive gameplay. The aforementioned benefits are major determinants for increasing their adoption in gaming, content creation, and others.
Online games frequently require extended gaming sessions and social interactions, resulting in an increased need for comfortable and high-quality accessories including headsets, microphones, mice, and controllers. The expansion of streaming and content creation in the online games space requires these accessories. Additionally, many online games receive frequent updates and expansions, leading gamers to seek the latest accessories to stay competitive and experience new functionalities.
Thus, the rising popularity of online games is collectively driving the gaming accessories market expansion, as gamers seek high performance, quality, speed, and reliability in gaming.
Gamers with limited budgets may prioritize essential items over high-end or specialized accessories, reducing overall market demand. Additionally, advanced features and cutting-edge technology increase production costs making high-performance accessories less affordable.
However, the steep prices of these products reduce affordability for a large number of consumers, limiting access to only the most committed and financially able gamers, which hampers the expansion of the gaming accessories market.
Integrating accessories with emerging technologies including AI, VR, and augmented reality (AR) environments, significantly enhances gaming experiences and functionality. These emerging technologies create more responsive peripherals including adaptive controllers and intelligent headsets that enhance gameplay through personalized settings.
Thus, the integration of these accessories with virtual reality and artificial intelligence enhances the immersive gaming experience by providing control and haptic feedback, which is expected to promote Gaming Accessories Market opportunities during the forecast period.
Based on the product, the market is segmented into Gaming Mouse, Gaming Keyboard, Gaming Headsets, Gaming Monitors , Controllers, Gaming Console and Others.
Trends in the product:
The gaming monitors accounted for the largest revenue share in 2023.
The gaming headset segment is anticipated to emerge as the fastest-growing segment during the forecast period.
Based on the connection, the market is bifurcated into wired and wireless.
Trends in the connectivity:
The wireless segment accounted for the largest revenue share in the year 2023 and is anticipated to register the fastest CAGR growth during the forecast period.
Based on the sales channel, the market is segmented into Online, Specialty Stores, Retail Stores, Enterprises, and Others.
Trends in the sales channel:
The specialty stores accounted for the largest revenue share in the year 2023.
The online segment is anticipated to register the fastest CAGR growth during the forecast period.
Based on the end user, the market is segmented into Gaming Professionals, Content Creators, and Others.
Trends in the end user:
The gaming professionals segment accounted for the largest revenue share of 59.27% in 2023 and is anticipated to register the fastest CAGR growth during the forecast period.
The regions covered are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America is estimated to reach over USD 6,223.16 Million by 2031 from a value of USD 2,913.48 Million in 2023 and is projected to grow by USD 3,151.46 Million in 2024. The market growth for gaming accessories is mainly driven due to a large base of gamers, high disposable incomes, and a well-established gaming culture.
Moreover, technological advancements including high-resolution displays, 3D audio controllers, and a thriving gaming industry are expected to fuel the market in North America in the coming forecast period.
Asia-Pacific region was valued at USD 2,135.49 Million in 2023. Moreover, it is projected to grow by USD 2,316.73 Million in 2024 and reach over USD 4,722.66 Million by 2031. Out of this, China accounted for the maximum revenue share of 37.4%.
The Asia-Pacific region's growing interest in gaming culture and development offers lucrative growth prospects for the market. Additionally, the growth of online gaming culture, high-performance accessories penetration, and a large consumer base are driving the gaming accessories market growth.
As per the Gaming Accessories Market analysis, Europe is anticipated to witness substantial growth that is backed by the electronic industry. Companies invest in innovative gaming accessories to cater to the surging demand for gaming accessories across the region.
The Middle East, Africa, and Latin America are expected to grow at a considerable rate owing to the rising adoption of gaming accessories in the expanding entertainment sector across Brazil, UAE, Mexico, and others.
The Gaming accessories market is highly competitive with major players providing immersive and comfortable gaming experiences to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the Gaming accessories market. Key players in the Gaming accessories market include-
Product Launche
Enhancement in Existing Product
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 18,276.54 Million |
CAGR (2024-2031) | 9.9% |
By Product |
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By Connectivity |
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By Sales Channel |
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By End-User |
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By Region |
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Key Players |
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North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
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The Global Gaming Accessories Market size is estimated to reach over USD 18,276.54 Million by 2031 from a value of USD 8,558.77 Million in 2023 and is projected to grow by USD 9,257.68 Million in 2024, growing at a CAGR of 9.9% from 2024 to 2031.
Integration of Artificial Intelligence (AI), virtual reality (VR), and Augmented reality (AR) into gaming accessories enables more immersive gaming environments.
The Key players in the gaming accessories market include Logitech G (Switzerland), Razer Inc (US), Corsair (US), Steel Series (Denmark), HyperX (US), Thrustmaster (US), Turtle Beach (US), ASUS (Taiwan), Xbox (US), Samsung Electronics (South Korea), Alienware(Dell) (US), Sony Corporation (Japan), Sennheiser Electronics (Germany) and others.