Gaming Accessories Market Size Set to Attain USD 15.40 Billion by 2030 | According to Maximize Market Research

The Gaming Accessories Market Size was valued at USD 7.77 billion in the year 2023 and projected to grow at a CAGR of 10.27% to reach USD 15.40 billion by the year 2030. The increasing need for immersive gaming experiences and technological advances in gaming is responsible for this expansion.

Drivers and Opportunities for the Growth of the Market

The rise of online gaming events and growing interest in gaming has played a crucial role in the rising popularity of quality gaming gears. To get the most out of gaming, enthusiasts are putting down money on elite peripherals like controllers, headsets, keyboards, and webcams. VR on Smartphones and Gaming Accessory Adoption VR integration on smartphones is further increasing the adoption of gaming accessories by providing a more immersive and interactive gaming experience.

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Segmentation Analysis

The report can be segmented into by product type, by device type, by connectivity type, by sales channel, and region.

Based on product type, the market includes controllers, headsets, keyboards, mice, and webcams. Among these the most used device in a video gaming system is the controller which is an essential part of the video game experience. We also have headsets and keyboards, which will help bring the essential audio and response we need to support our gameplay.

Device Type: Gaming accessories are available for various devices such as PC, gaming consoles, and smartphones. Mobile gaming has immediately made accessories optimized for smartphones even more in demand, but PCs and consoles still account for strong demand for high-performance peripherals.

Connectivity Type: The market is categorized into wired accessories, and wireless accessories. Wireless accessories are on the rise thanks to improved wireless technology making it easier for gamers to play anywhere without a mess of wires.

Sales Channel: Gaming accessories are sold both online and offline. Additionally, e-commerce platforms allow consumers to access a wider variety of products, further propelling the expansion of this sales channel online. Still, offline retail shops are still an important and the way to reach consumers closest, as the outlet gives room for knowledge of the product sumpah.

Country-Level Analysis

U.S: Expansion of the U.S. gaming accessories market is credited to a robust gaming culture among the people and high disposable incomes. Additionally, having numerous esports events and major gaming tournaments taking place, also increases the need for advanced gaming peripherals.

Germany — Germany the key player in the European gaming market with a very large number of gamers and a thriving esports community. Japan's emphasis on technological advancements and innovation plays a role in the increasing popularity of premium-grade gaming accessories.

China: China has a major share in the Asia Pacific gaming accessories market due to the huge number of gamers and the support by Chinese government towards the gaming industry. Mobile gaming is taking off and esports are gaining enormous popularity, resulting in substantial investment in gaming peripherals.

Japan — With a huge gaming culture, Japan also remains one of the more important segments in the gaming accessories space. Technological innovation, along with high demand for gaming in the country both with console and mobile, is enhancing the demand for gaming peripherals.

Korea: With an excellent esports culture and high internet penetration rates, Korea has made a name for itself in the gaming accessories market. Gamers in the country require high-performance accessories for a competitive edge.

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Competitor Analysis

Market competition is intense with the presence of many established players in this market, who are winning the game through innovation and quality and maintaining a dominant position. So which companies fall in this bucket?

Corsair – One of the most popular high-performance gaming peripheral manufacturing companies, specializing in all kinds of headsets, keyboards, and memory products.

HP Inc.: HP offers an assortment of performance-oriented gaming peripherals through its OMEN brand, and its products are designed to last.

Google Inc. — The tech giant has started selling gaming accessories with its cloud gaming service Stadia, including controllers and other peripherals.

Razer — One of the leaders in gaming, Razer is well known for its high-end peripherals such as mice, keyboards and headsets.

HyperX: A brand of Kingston Technology, HyperX designs high-performance gaming accessories, including headsets, keyboards, and mice.

Such companies constantly work towards innovation and invention of new products around targeted market demand from gamers. In this case, strategic partnerships, product launch, and acquisition are the usual strategies to stable their stand in the market.

Conclusion

Newark, New Castle, USA: New Jersey, U.S, Oct 05, 2023 (GLOBE NEWSWIRE) — The global gaming accessories market is expected to grow at a major CAGR of 7.60% during 2023-2030. The gaming industry is going through changes, and innovations that come with them — such as top-shelf peripherals — will be one way to improve gameplay or manage expectations on consumer needs. A vibrant market: Innovative and quality driven companies can take advantage of this.

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