The gaming accessories market is expected to reach $14,396.40 million by 2030, growing from $6,133.5 million in 2021, at a CAGR of 9.9% during the forecast period, according to the report “Global Opportunity Analysis and Industry Forecast, 2021-2030”.
Gaming accessories include headsets, joysticks, controllers, headsets and webcams.
The growing popularity of video games among the younger generation as well as the introduction of new technologies in the gaming sector are important factors driving the growth of the gaming accessories market.
Gaming accessories give players a high level of comfort, allowing them to play games more efficiently, resulting in market growth.
The emergence of new gaming content with high graphic requirements is driving the gaming accessories market growth. Gaming on consoles is migrating to on-demand visual content, which has already begun. Furthermore, a big driver of the gaming accessories market opportunity is the dropping prices of these items.
Increased usage of smartphones and tablets, as well as fast expanding technology such as virtual reality and artificial intelligence, are fuelling market expansion, globally.
Furthermore, the rise in popularity of e-sports boosts demand for gaming accessories such as improved gaming keyboards and gamepads, as well as other gaming equipment. The pandemic alongside Covid-19 is also a major reason this industry has flourished, because people are spending more time at home.
Key players operating in the gaming accessories industry include Nintendo Co., Ltd., Logitech International SA, Razer Inc., Corsair, Sennheiser, SADES Technological Corporation, Alienware, Plantronics, Google Inc., Cooler Master.