The global gaming peripheral market is driven by the growing popularity of e-sports or virtual gaming around the world. The market is further expanding due to increased investments in gaming peripherals, e-sports and an increasing number of gamers globally. Increasing demand for realistic and immersive gaming experiences has led to a significant development of special gaming peripherals. The e-sports industry has witnessed remarkable growth over the years, with the potential to reach a large audience in terms of popularity.

With the increased consumer inclination towards online and social media gaming, many prominent companies and government authorities have invested in the field of e-sports and the advanced gaming peripheral market. However, factors such as higher initial costs, lack of standardization, and increased availability of counterfeit products inhibit the market growth of the gaming peripheral market.

Market Segmentation Gaming Peripherals

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

Based on device, the gaming peripheral market is segmented into input devices (controllers, gamepads, gaming mice, headsets, joysticks, keyboards, and others) and output devices (AR/VR headsets, gaming headsets, printers, speakers, and others). The output devices segment dominates the market with a 55% market share in 2021. Factors such as increased advancement in output devices and the growing popularity of e-sports and virtual gaming in recent years have strengthened the market share of such devices in the global market.

Gaming console segment dominates the Global Gaming Peripheral Market

On the basis of the platform, the gaming peripheral market is bifurcated into gaming consoles and PC (desktops and laptops). The gaming console segment is estimated to have the highest market share during the forecast period. Gaming consoles show a high probability for rapid growth based on growing popularity, accessible compact size for hardware, and user-friendly interface. The gaming consoles segment is estimated to grow at the fastest CAGR of 10.5% over the forecast period.

Wireless connectivity segment is projected to grow at the fastest CAGR during the forecast period Gaming Peripherals

Based on connectivity, the gaming peripheral market is categorized into wired and wireless connectivity. The wireless connectivity segment is estimated to have the highest market share in 2021. The increasing preference for smart and wireless peripherals and the rising popularity of virtual video games and PCs are anticipated to drive the demand for the wireless segment. Furthermore, vendors and key market players are continuously focusing on developing advanced and wireless peripherals.

Online segment holds the highest market share in terms of distribution channel

Based on distribution channels, the gaming peripheral market is segmented into online and offline channels. The online segment dominates the marketplace and is anticipated to witness a high growth during the forecast period. An online distribution channel is gaining significant marketplace as several vendors are focusing on digital sales. Also, the rapid surge in internet proliferation and web platforms tends to be a critical factor in the growth of online distribution channels.

Individual segment is projected to be the most lucrative segment over the forecast period

The end-user segment is categorized on the basis of individuals, enterprises, and commercials (game parlors, theme parks, and amusement centers). The individual segment contributed to the largest market share for the gaming peripheral market during the forecast period. The growing government initiatives to drive e-sports development have further accelerated market growth across the globe. The enterprise segment has the highest CAGR in the marketplace as it focuses on providing real-time gaming experiences to its users.

North America is projected to hold the largest market share in the Global Gaming Peripheral Market

The North American gaming peripheral market held the largest market share during the forecast period. The US majorly contributes to the market growth in the region owing to the rising preference for personalized gaming experiences and large-scale investments in video gaming and e-sports. The Asia-Pacific region is estimated to grow at the fastest CAGR during the forecast period.

Competitive Landscape Gaming Peripheral

The global gaming peripheral 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 S.A., HP Development Company L.P., Kingston Technology Company Inc, Logitech International S.A, 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 company that has a wide product portfolio in laptops, desktops, graphics amplifiers and video consoles. The company has a global reach and deals in wide range of gaming accessories, such as keyboards, gaming monitors, gaming chairs, gaming headsets and replacement parts.
• Anker Innovation Limited is an electronic company known for its manufacturing of computer and mobile peripherals such as phone chargers, power banks, earbuds, speakers, torches, and many others. Across the globe, the company mainly focuses on its key innovations, such as a smart AI-enabled webcam and a portable noise-isolating conference speaker, and its key brands that are driving unprecedented growth.
• Corsair Components Inc. is an American-based computer hardware and peripheral company that has a wide product portfolio in gaming gear, streaming gear, PC components, gaming PCs, and software. In terms of business revenue segmentation, gaming components and system segments hold the largest percentage of share. Corsair believes that through acquisitions, they will create new world-class gaming experiences for PC gamers.
• Turtle Beach Corporation is an American gaming accessories manufacturer, supplying its products in the gaming audio and gaming accessories industries. It is one of the leading gaming accessory providers around the world. North America holds the highest percentage of revenue in terms of geographical segmentation.

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