Fairfield Research, a leading market intelligence firm, has released its latest report on the global gaming accessories market, projecting a remarkable surge in revenue from approximately US$6.5 billion in 2023 to a staggering US$12.9 billion by 2030. The report, titled "Navigating the Dynamic Landscape of Gaming Accessories: Trends, Opportunities, and Growth Barriers," highlights key factors driving this expansion and identifies major players shaping the competitive landscape.
Key Findings from Fairfield's Perspective:
1. Rise of eSports Drives Market Growth: Fairfield's analysis underscores the pivotal role played by eSports in propelling the gaming accessories market forward. The surge in competitive gaming has spurred increased sales and innovation in gaming accessory products worldwide, creating lucrative opportunities for industry players.
The exponential growth of eSports has translated into heightened demand for highperformance gaming peripherals, including keyboards, mice, and headphones, enhancing the gaming experience and driving market expansion.
2. New Gaming Consoles Fuel Demand: The report identifies the release of new gaming consoles as another significant catalyst for market growth. With each console iteration, there is a corresponding surge in demand for compatible accessories such as controllers, headsets, and charging docks.
This trend not only fuels innovation among accessory manufacturers but also enriches the gaming experience for consumers by offering a diverse range of advanced peripherals.
3. Headsets Dominate Industry: In 2022, the headsets category emerged as a dominant force within the gaming accessories market. Equipped with advanced sound technologies such as
surround sound and noise cancellation, gaming headsets provide gamers with a competitive edge, driving robust sales in this segment.
Fairfield's analysis underscores the importance of immersive audio experiences in shaping consumer preferences and driving market growth.
4. PC Segment Takes the Lead: The report predicts that the PC segment will continue to dominate the global gaming accessories market. PC gamers, known for prioritizing customizability and performance, drive demand for high-end accessories that offer superior control, audio quality, and graphics.
Fairfield's insights highlight the enduring popularity of PC gaming and its significant impact on the gaming accessories market.
5. Wired Accessories Remain Preferred Choice: Wired accessories maintained their dominance in 2022, favored for their consistent performance and reliability during extended gaming sessions. This preference reflects gamers' emphasis on reliability and uninterrupted gameplay experiences.
Fairfield's analysis underscores the enduring appeal of wired accessories and their continued relevance in the gaming ecosystem.
6. Online Category Gains Traction: The online category emerges as a highly prevalent segment within the gaming accessories market, encompassing products such as high-performance gaming mice, mechanical keyboards, and professional-grade gaming controllers.
Fairfield's findings highlight the growing demand for online gaming peripherals and their integral role in shaping the gaming experience.
7. Asia Pacific Leads Market Share: The Asia Pacific region is poised to capture the largest share of the global gaming accessories market, driven by rising demand for high-quality peripherals and the booming mobile gaming segment.
Fairfield's analysis underscores the region's significance as a key growth engine for the gaming accessories market.
8. North America Sees Expansion: North America is experiencing significant growth in the gaming accessories market, fueled by a thriving gaming culture, high disposable income levels, and a tech-savvy population.
Fairfield's insights highlight the region's dynamic gaming ecosystem and its impact on market expansion.
Key Growth Determinants:
1. Continuous Advancements in Technology: Technological innovations such as ergonomic designs, responsive sensors, and customizability enhance the gaming experience and drive market growth.
Cutting-edge technologies like AR, VR, and haptic feedback systems create new opportunities for accessory manufacturers to develop immersive gaming products.
2. Growth of Content Creation Platforms: The rise of content creation platforms fuels demand for specialized gaming accessories that cater to the needs of content creators.
Gaming accessory manufacturers respond with innovative products tailored to the requirements of content creators, driving growth in this market segment.
3. Proliferation of Mobile Gaming: The increasing popularity of mobile gaming drives demand for high-quality accessories such as headphones, controllers, and ergonomic grips, enhancing the gaming experience on smartphones.
The accessibility of mobile gaming attracts a diverse audience and contributes to revenue growth in the gaming accessories market.
Major Growth Barriers:
1. High Price Points: Premium-priced peripherals may deter budget-conscious consumers, limiting market growth and accessibility to advanced gaming experiences.
2. Limited Innovation: Stagnation in product innovation hinders market expansion and competitiveness, necessitating substantial advancements to captivate consumers with novel features and functionalities.
Key Trends and Opportunities:
1. Rise of eSports: The growth of eSports drives demand for high-performance gaming peripherals, fostering innovation and competition among accessory manufacturers.
2. Increase in New Gaming Consoles: Each new console release stimulates demand for compatible accessories, fueling innovation and diversity in the gaming accessories market.
3. Increasing Customization and Aesthetics: Gamers seek personalized and visually appealing gaming setups, driving sales of accessories that enhance both performance and aesthetics.
Regional Frontrunners:
Asia Pacific: Leading in gaming accessories adoption, driven by a burgeoning gaming community and increasing disposable income.
North America: Experience significant growth fueled by a thriving gaming ecosystem and high consumer demand for premium accessories.
Fairfield's Competitive Landscape Analysis:
The global gaming accessories market features a compact landscape with key players such as Logitech G, Razer Inc., Turtle Beach, and others driving innovation and competition.
New entrants and niche players contribute to a dynamic market characterized by product diversity and aggressive marketing strategies.
For More Industry Insights Read:
https://www.fairfieldmarketresearch.com/report/gaming-accessories-market
Global Gaming Accessories Market is Segmented as Below:
By Component:
Mice
Controller
Others
Headsets
Keyboard
By Device Type:
P.C.
Gaming Console
By Connectivity Type:
Wired
Wireless
By End User:
Online
Offline
By Geographic Coverage:
North America
o U.S.
o Canada
Europe
o Germany
o U.K.
o France
o Italy
o Turkey
o Russia
o Rest of Europe
Asia Pacific
o China
o Japan
o South Korea
o India
o Southeast Asia
o Rest of Asia Pacific
Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America
Middle East & Africa
o C.C.
o South Africa
o Egypt
o Nigeria
o Rest of the Middle East & Africa