Gaming Peripheral Market Size, Share & Trends Analysis Report By Product (Headsets, Keyboard), By Device (PC, Gaming Consoles), By Type, By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global gaming peripheral market size was estimated at USD 5.14 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.0% from 2023 to 2030. The rising popularity of virtual games, including e-sports, over the past few years and the increasing number of gamers worldwide drive the market growth. An ongoing trend of e-sports and virtual games has further fueled the demand for developing special gaming keyboards and gamepads, which are customizable as per the gamer's requirements and offer better ergonomics to the gamers. On the other hand, increasing demand for immersive and realistic gaming experiences creates growth opportunities for body sensors, peripheral devices, and high-quality gaming consoles.

Key market players are witnessing strong growth from the rising demand for products, including headsets, keyboards, controllers, mice, and other accessories, owing to the development of enhanced gaming graphics. For instance, in July 2023, Corsair Gaming acquired Drop, an enthusiast keyboard boutique known for keyboards, mechanical switches, and other parts for building the mechanical keyboard, as well as other peripherals. Furthermore, the commercialization of game streaming platforms and online gaming has also promoted the adoption of gaming peripherals globally. The introduction of gaming accessories such as haptic gloves, high-definition displays, VR cameras, chairs, and controllers is anticipated to fuel the growth of the market.

Companies operating in the gaming market assign a significant amount of budget for advertising and marketing campaigns to encourage gaming products and platforms that have assisted companies in creating awareness about gaming peripherals among gamers, gaining access to a large customer base, and providing various growth opportunities to the players in the market.

Furthermore, the introduction of virtual reality headsets and high-end displays has helped gamers to enhance their gaming experience. The immersive experience offered by gaming peripherals has encouraged market players to develop advanced gaming peripherals. For instance, in June 2022, Sony Group Corporation launched the INZONE brand to expand its reach beyond PlayStation. The company offers displays and headphones for PCs and plans to expand its product offering in the future.

The market experienced a notable impact from the COVID-19 pandemic, initially witnessing disruptions in supply chains and production as manufacturing facilities shut down. However, as more people turned to gaming for entertainment during lockdowns and because of social distancing measures, there was a surge in demand for gaming accessories and peripherals, leading to a rebound in the market. Remote work and e-learning also drove sales of gaming peripherals like high-quality headphones, mice, and keyboards, as they became essential tools for gaming and productivity, demonstrating the resilience of the gaming peripheral industry in adapting to changing consumer needs during the pandemic.

Product Insights

In terms of product, the headsets segment is anticipated to witness the fastest CAGR of 10.6% over the forecast period. The immersive audio experience offered by headsets allows gamers to enjoy enhanced sound effects, dialogues, and background music. For instance, in July 2022, Cosmic Byte, a gaming gear brand from India, launched Equinox Neutrino and Equinox Kronos Wireless. The headsets are compatible with Mobile, PC, PS4, Tablets, XBOX, and PS5. The enjoyable and engaging gaming experience provided by headphones offers a variety of growth opportunities for the market.

The keyboard segment held a significant market share of around 18% in 2022. The growth is attributed to the availability of various functionalities and features such as customizable RGB lighting, anti-ghosting technology, programmable macros, and mechanical switches specifically designed per the gamer's needs. The enhanced gaming experience is projected to offer lucrative growth opportunities for the market.

Device Insights

The PC segment held the largest revenue share of over 61% in 2022 and is expected to maintain its dominance throughout the forecast period. The PCs can have high-end CPUs, dedicated graphic cards, and ample RAM. The high customization offered by PCs helps enhance gaming performance compared to other gaming platforms. The substantial presence of the online gaming community, along with dedicated forums and servers for multiplayer gaming, offers opportunities for PC platforms for cooperative play, competitive play, and social interaction. Furthermore, the multitasking and versatility of PCs provide an integrated and seamless gaming experience.

The gaming consoles are expected to grow at the fastest CAGR of over 10% from 2023 to 2030. The gaming consoles have a dedicated interface and operating system and are easy to access and user-friendly. Gaming consoles offer a unified gaming experience by providing standardized software and hardware experience. The gaming consoles usually support multiplayer controllers, making it easy for users to play multiplayer games and gather around. The plug-and-play, simplicity, affordability, and robust gaming services offered by gaming consoles are anticipated to fuel the market's growth in the coming future.

Distribution Channel Insights

In terms of distribution channel, the online segment is anticipated to grow at the fastest CAGR of over 11% from 2023 to 2030. The significant rise of e-commerce platforms and the rising popularity of online shopping are primarily fueling the growth of online distribution channels. Online retailers offer many products, including mice, keyboards, headsets, and more. They allow gamers to explore a variety of brands, features, and models, allowing them to find peripherals per their gaming needs and preferences. The additional benefits, such as easy access to information, user-friendly filters, and search and international availability of gaming peripherals, fuel the segment's growth.

The offline segment held the largest market share of approximately 59% in 2022. The offline stores can provide instant access to gaming peripherals, allowing instant purchases without waiting for delivery. The offline stores employ skilled and knowledgeable employees who can suggest compatible peripherals and address customers' concerns and queries. Furthermore, the additional benefits, such as easy returns and exchanges, community engagement, additional offers and discounts, and relationships with stores, make offline distribution channels a preferred option for purchasing gaming peripherals.

Type Insights

In terms of type, the wired segment held the highest market share of over 75% in 2022. The wired gaming peripherals, including mice, controllers, and keyboards, provide a reliable and direct connection to the gaming systems by offering minimal delay in response time, which is vital in competitive gaming. Furthermore, wired peripherals provide an uninterrupted gaming experience without requiring batteries. The customization options and additional features offered by wired peripherals are projected to fuel further growth of the segment over the forecast period.

The wireless segment is anticipated to grow at the fastest CAGR of 10.5% over the forecast period. The wireless gaming peripherals offer freedom of movement without restricting users by cables. The wireless setup offers a more organized and cleaner gaming environment, allowing gamers to maintain and manage their gaming area. The benefits, such as multi-device connectivity, ease of use, portability, and flexibility in placement, are projected to offer significant growth opportunities to the wireless gaming peripherals segment in the future.

Regional Insights

In terms of region, the gaming peripheral industry in the Middle East and Africa region is expected to witness the fastest CAGR of 11.5% during the forecast period. This growth can be attributed to several factors, including the rising popularity of gaming in the region, the increasing availability of high-quality gaming peripherals, and the growth of e-sports. The key driver of the Middle East and Africa market is the growing popularity of gaming in the region. As more and more people in the region turn to gaming as a form of entertainment, the demand for high-quality gaming peripherals has increased. This has led to a rise in the number of gaming peripheral manufacturers operating in the region, as well as increased competition among these manufacturers, which is anticipated to drive market growth over the forecast period.

Asia Pacific registered the highest revenue share of over 53% in 2022. The region boasts a large and diverse gaming community, spanning from casual mobile gamers to competitive e-sports enthusiasts. The growth is fueled by the popularity of esports tournaments, gaming cafes, and the rising number of professional gamers who require high-performance peripherals for a competitive edge. In addition, the region's strong technology manufacturing sector ensures a wide variety of gaming peripherals readily available, that cater to different budgets and preferences.

Key Companies & Market Share Insights

These players are adopting various strategic initiatives, such as product launches, collaboration, and partnerships, to sustain their position in the market. Additionally, they are focused on providing comfort, upgrading their solutions, and taking significant steps to launch their products in new markets. For instance, in March 2023, Alienware, a subsidiary of Dell Inc., launched a wired Tenkeyless Gaming Keyboard, dual-mode wireless gaming headset, Alienware wired gaming headset, and Alienware wireless gaming mouse. The product offers advanced features and offers comfort for long gaming sessions. Some prominent players in the global gaming peripheral market include:

• Anker Innovations Limited

• Cooler Master Technology Inc.

• Dell Inc. (Alienware)

• CORSAIR

• HyperX/Kingston Technology Company, Inc.

• Logitech

• Plantronics Inc.

• Rapoo Corporation

• Razer Inc.

• Redragon USA

• Turtle Beach

Gaming Peripheral Market Report Scope

Global Gaming Peripheral Market Report Segmentation

This report forecasts revenue & volume growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global gaming peripheral market report based on product, device, type, distribution channel and region:

• Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

  • Headsets

  • Keyboard

  • Controller

  • Mice

  • Others

• Device Outlook (Revenue, USD Million, 2018 - 2030)

  • PC

  • Gaming Consoles

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Wired

  • Wireless

• Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • Online

  • Offline

• Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

    • UAE

    • South Africa