Gaming Peripheral Market Size, Share & Trends Analysis Report By Product (Headsets, Keyboard, Mice, Controller), By Device, By Type, By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

Gaming Peripheral Market Size, Share & Trends Analysis Report By Product (Headsets, Keyboard, Mice, Controller), By Device, By Type, By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

Gaming Peripheral Market Growth & Trends

The global gaming peripheral market size is anticipated to reach USD 11.00 billion by 2030, exhibiting a CAGR of 10.0% over the forecast period, according to a new report published by Grand View Research, Inc. The rising popularity of online gaming and esports is fueling the demand for keyboards, gaming mice, controllers, and headsets among regular and professional gamers. Professional players seek advanced gaming peripherals to improve their gaming experience and gain a competitive edge.

The rising demand for realistic and immersive gaming experiences has enabled numerous growth opportunities for body sensors, peripheral devices, and high-quality gaming consoles. The introduction of innovative gaming peripherals such as haptic gloves, high-definition displays, VR cameras and headsets, chairs, and controllers helps gamers enhance their gaming experience.

Furthermore, the manufacturers of gaming consoles are spending a significant amount on marketing and advertising to create awareness about gaming peripherals among gamers and gain access to a larger customer base. The companies are developing advanced gaming peripherals that can offer comfort for long gaming sessions. The rising focus on research and development to offer the most comfortable and advanced gaming peripherals offers various growth opportunities for the market.

Rapidly evolving technologies such as artificial intelligence and virtual reality have helped market players to provide immersive and realistic gaming experiences and blur the lines between reality and fiction. Furthermore, considering the increasing adoption of smartphones, manufacturers are launching a variety of mobile headsets and other virtual reality gaming accessories to gain a competitive edge in the market.

While the gaming peripherals market is witnessing high growth, gamers are price sensitive and hesitant to buy high-end gaming peripherals. The factors such as intensified competition, price sensitivity, fragmentation, compatibility, limited audience, and other challenges from counterfeit products have created significant challenges for companies operating in the gaming peripherals market.

Gaming Peripheral Market Report Highlights

• In terms of product, the headsets segment is estimated to record a substantial growth rate through 2030. The enjoyable and engaging gaming experience provided by headphones is projected to provide significant growth opportunities for the headsets segment
• In terms of devices, the PC segment is anticipated to grow significantly over the forecast period owing to the multitasking and versatility of PCs, providing an integrated and seamless gaming experience
• In terms of technology, the wired segment is expected to record the highest revenue share by 2030. The growth is attributed to the reliable and direct connection offered to the gaming systems by providing a minimal delay in response time
• In terms of distribution channels, the online segment is anticipated to record a substantial growth rate through 2030. The significant rise of e-commerce platforms and the popularity of online shopping is projected to provide significant growth opportunities for the headsets segment

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