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Gaming Peripheral Market

Gaming Peripheral Market - Global Industry, Analysis, Size, Share, Growth, Trends, and Forecasts 2021-2031

Global Gaming Peripheral Market: Overview

Products and solutions offered by players in the global gaming peripheral market are hardware output and input equipment that facilitates enhanced gameplay once attached to gaming console or PC. Increase in the demand for high-quality, immersive, and interactive gaming experience is boosting growth within the global gaming peripheral market. The rising popularity of e-sports, as well as the increase in the number of serious or hard-core gamers is favoring market expansion. Players and manufacturers in the global gaming peripheral market offer various types of components, including keyboards, microphones, headsets, and controllers, among others. Gaming headsets and controllers receive substantial demand in the market. Rising instances of cross-platform gameplays is generating higher demand for PC-attached controllers in the global gaming peripheral market. By device types, the solutions in the global gaming peripheral market can be divided into gaming consoles and personal computers or PC. These products can be further classified by their connectivity into wireless devices as well as wired devices.

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Global Gaming Peripheral Market: Major Trends and Drivers

Increasing popularity of online gaming across the world, rising sales of video games and video game consoles, and increase in the number of video or online gaming championships, tournaments, and competitions are some of the key drivers, propelling growth within the global gaming peripheral market. Furthermore, growing access to high-speed internet, widespread availability of gaming compatible hardware devices and equipment, and increasing sales of online gaming subscription services are also expected to fuel growth within the global gaming peripheral market in the near future. However, high cost of certain branded gaming peripheral devices may hamper growth within the market in coming years.

On the other hand, increase in the demand for gaming headsets, that combine microphones and headphones so that gamers can communicate with their teammates in group gaming events or online play is also boosting market growth. These gaming headphones help users completely immerse themselves in gameplay, enhance in-game communication, and block external noises. Moreover, the increase in the number of young populations across the world, as well as rising affordability of these gaming peripheral devices is also anticipated to boost growth within the global gaming peripheral market in coming years.

Global Gaming Peripheral Market: Key Players and Manufacturers

A few of the most prominent and leading manufacturers and players operating in the global gaming peripheral market are Ducky, SteelSeries, HyperX, Mad Catz, Plantronics, inc., Logitech, Corsair, Razer, ZOWIE by BenQ, and Cooler Master Technology, Inc., among others. Players and manufacturers operational in the global gaming peripheral market adopt various growth strategies, including increasing investments in research and development to capture new technologies and facilitate product innovations, new product launches, joint ventures, and mergers and acquisitions, among others.

Certain players in the global gaming peripheral market are also developing and launching application-specific hardware tools and solutions to meet the growing demand from fans and users of popular gaming titles. For example, a new wireless mouse, designed specifically for gaming applications, called G502 Lightspeed was launched by Logitech in July of 2020.

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Global Gaming Peripheral Market: Regional Assessment

North America held a leading share of the global gaming peripheral market in the recent past. It is also anticipated to record the highest growth in the market in the coming years. This trend can be largely attributed to the positioning of the United States as one of the most lucrative entertainment and gaming industries across the world. Increase in the number of online gaming tournaments in which the participants stand to win massive amount of cash prizes and require usage of top-notch gaming consoles and accessories is most likely to thrust growth in the North America gaming peripheral market in coming years. Furthermore, some other notable drivers behind the expansion of the North America market include increasing disposable income of regional population, increasing use of smart phones and internet services, and increasing expenditure on online gaming by regional teenage populations.

Gaming Peripheral Market

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