Gaming Accessories Market Analysis

Gaming Accessories Market Analysis

To get key market trends

  Download Free Sample

Based on technology, the market is divided into wired and wireless. The wireless segment is expected to reach a value over USD 10 billion by 2032.
 

• Continuous improvements in wireless technology such as reduced latency, enhanced battery life and more stable connections have made wireless gaming accessories highly reliable and efficient meeting demands of serious gamers.
   
• Wireless accessories offer greater freedom of movement and eliminate cable clutter. Providing a more convenient and aesthetically pleasing gaming setup, this flexibility appeals to gamers who value clean and organized gaming environments.
   
• With the rise of mobile gaming and increasing use of gaming laptops wireless accessories are becoming more popular as they enhance portability and convenience of gaming on the go.
   

Based on platform, the gaming accessories market is divided into mobile, PC, and gaming console. The mobile segment is the fastest growing segment with a CAGR of over 10% between 2024 and 2032.
 

• Widespread availability and affordability of smartphones led to a significant increase in number of mobile gamers worldwide. This surge in mobile gaming drives demand for accessories that enhance gaming experience including controllers’ grips and external cooling fans.
   
• Continuous improvement in smartphone processing power, graphics capabilities, and display quality have made mobile devices more suitable for high-quality gaming. This spurred the development and adoption of specialized gaming accessories and followed accessories that cater to these enhanced capabilities.
   

North America dominated the global gaming accessories market in 2023, accounting for a share of over 35%. The region has a substantial well-off consumer population with significant discretionary income promoting acquisition of high-end gaming equipment. It is also home to several established tech companies and game studios. This fosters innovation and early uptake of cutting-edge gaming technologies. The need for premium gaming gear is further increased by North America's thriving esports scene.
 

Leading IT firms and game developers are present in the United States which facilitates innovation and early adoption of cutting-edge gaming technologies. The nation's robust esports ecosystem and competitive gaming's broad appeal fuel significant demand for premium gaming peripherals.
 

The popularity of PC and mobile games has propelled the gaming industry's explosive rise in China driving up demand for gaming accessories. There is huge gaming community in nation. As people's disposable budgets rise so does their need for premium gaming accessories. Easy access to large variety of gaming accessories is made possible by China's robust e-commerce platforms and vast online retail networks.
 

South Korea is well known for having strong esports scene and high internet penetration rate. These two factors support the expanding market for gaming equipment. The nation's gamers are renowned for favoring state-of-the-art equipment and cutting-edge technology. This encourages manufacturer innovation and competitiveness. Additionally South Korea's government encourages the gaming sector. This contributes to the development of a welcoming atmosphere for gaming accessories.
 

Japan boasts a long history of dominating console also arcade gaming markets. Its gaming industry is deeply ingrained in the country's culture. The need for a variety of gaming accessories has been fueled by the growth of mobile gaming and the ongoing appeal of consoles. Quality and innovation are highly valued by Japanese customers. This has resulted in a robust market expansion for high-end cutting-edge gaming peripherals.