Pune, 14, Dec, 2022: The report published by Maximize Market research, on Gaming Accessories Market covers an extensive regional analysis and competitive landscape. Over the forecast period, Maximize Market research expects, the market to growth from 6.40 Bn. in 2021 to 14 Bn. in 2029 at a CAGR of 10.27%.
Gaming Accessories Market Scope and Research Methodology
The research offers a thorough analysis of the global gaming accessories market. The base year used in this report's estimation of the gaming accessories market's USD value from 2022 to 2029. The study provides a comprehensive analysis of the trends in the global market for gaming accessories together with a forecast for the present and the future. The report highlights the key market trends, growth prospects, bottlenecks, and challenges and includes an impact study for the expected time frame. The qualitative data in the paper emphasises market dynamics, trends, and innovations. Porter's five forces analysis assists in analysing the market's potential for suppliers and buyers as well as its competitive landscape in order to design a strategy. In addition, an in-depth analysis of the global market for gaming accessories includes both market growth drivers and market growth inhibitors. For each segment, region, and country, the report includes a gaming accessories market outlook for 2021 and a gaming accessories market forecast from 2022 to 2029.
The Gaming Accessories Market is segmented by component, device type, and end user in this segment-by-segment analysis in order to better understand the factors favouring and hampering market growth. This helps businesses make decisions by image a clear picture of the products and services available in the gaming accessories market. The market size and various segment estimates were validated using a bottom-up methodology. The collection of data involved both primary and secondary sources. The key methods were surveys, distributing questionnaires, and conducting telephone interviews with experts in the field, market leaders, business owners, and marketers. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organizations and government sites, industry journals, white papers, annual reports, and releases of products from manufacturers and suppliers in the industry, along with paid databases.
SWOT analysis was conducted to identify the strengths and weaknesses of the Gaming Accessories Market, while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Gaming Accessories Market.
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Gaming Accessories Market Overview
A gaming accessory is a piece of hardware needed to use a video game system or that enhances the gaming experience. Peripherals for video games include things like webcams, joysticks, controllers, and headphones. The controller, which is used to play games, is the most widely used accessory for video gaming systems. One of the fastest-growing entertainment sectors in the globe is gaming, and there have been several online gaming tournaments that call for cutting-edge technology. The most cutting-edge gaming accessories have been bought by players in response, growing the gaming accessory market.
Gaming Accessories Market Dynamics
Growing Number Gamers who play Online Gaming. The rise in popularity of online games is one of the market trends for gaming accessories that is fueling demand in the industry. As more games are released, so does the number of gamers across the globe. For instance, nearly 1 billion individuals have downloaded Player Unknown's Battlegrounds, according to the most recent 2022 data (PUBG). Thanks to the high demand for gaming accessories caused by the rising population, the market value is increased. The industry is growing globally, thanks to the rising popularity of smartphones and quickly developing technologies like virtual reality (VR) and artificial intelligence (AI).
Penetration of new technologies to increase rivalry between market participants. The launch of the newest home consoles will accelerate gaming accessories market growth. Microsoft, Nintendo, and Xbox, three of the top gaming platforms, are releasing game consoles with next-generation add-ons. Remote controls, headsets, controllers, and media remotes are a few accessories featuring next-generation features. These products will attract lots of end users to the gaming accessories market. The launch of the accessories expected to grow the market's supply. In the expected time, new game content with a high graphic feature be released. This 4K gaming experience calls very sophisticated gear. These gaming accessories were developed as a result of the audience's tremendous demand.
Gaming Accessories Market Regional Insights
Asia Pacific region held the largest gaming accessories market share in 2021. China, Japan, Australia, and South Korea are among the top gaming centres in the globe, producing more than 40% of the yearly gaming industry sales in 2021. The growth of eSports is a trend that has helped the local gaming industry. The demand for console video games is rising thanks to the popularity of esports which will continue to increase through the forecast period.
North American gaming accessory market is expected to present manufacturers with the biggest absolute potential through the forecast period. The growth of technology has enhanced the popularity of gaming devices across the US, Canada, and other countries in this region.
Gaming Accessories Market Segmentation
By Component:
- Headsets
- Keyboard
- Mice
- Controller
- Others
By Device Type:
- PC [Desktop and Laptop]
- Smartphone
- Gaming Consoles
By End User:
- Casual Gaming
- Professional Gaming
Gaming Accessories Market Key Manufacturers:
- Logitech International SA
- DuckyChannel International Co., Ltd.
- Corsair
- Steelseries
- Razer
- Hyperx
- ZOWIE (BenQ)
- Mad Catz
- Cooler Master Technology Inc.
- Plantronics Inc.
- Alienware
- Turtle Beach
- Anker
- Reddragon
- SADES Technological Corporation
- Google Inc
- Nintendo Co., Ltd
- HP Inc.
- Xiaomi Corporation
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Key questions answered in the Gaming Accessories Market are:
- What is Gaming Accessories?
- What is the growth rate of Gaming Accessories Market for the forecast period?
- What is the nature of competition in Gaming Accessories industry in developed and developing economies?
- Who are the key players in the Gaming Accessories Market?
- Who are the market leaders in Gaming Accessories in Europe
- Who are the market leaders in Gaming Accessories in USA and Canada
- Who are the market leaders in Gaming Accessories in India, China, Japan and South Korea?
- What are the factors affecting growth in the Gaming Accessories Market?
- Who held the largest market share in Gaming Accessories Market?
- What are the factors for the growth of Asia-Pacific region in Gaming Accessories Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Component, Device Type, End User, and region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading research firm, has also published the following reports:
Gaming Market - Gaming Market size is expected to reach USD 702.37 billion by 2029 at a CAGR of 13.22 percent during the forecast period. Growing younger population, increased disposable income, low-cost internet connectivity, introduction of new gaming genres, and an increase in smartphone and tablet users are some of the factors driving the gaming market.
Gaming Consoles Market - Gaming Consoles Market size is expected to reach USD 103.24 Mn by 2029 at a CAGR of 8.9 percent during the forecast period. Companies are inventing new platforms to reach gamers all over the world, and the market is growing at a breakneck pace. The increased popularity of social media gaming has had a significant impact on the market's growth.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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