Gaming Accessories Market Growth, Trends, Size, Share, Demand And Top Growing Companies 2030

Fairfield, a leading market research firm, has released its latest report detailing the forecast and major trends shaping the global gaming accessories market. According to the report, the gaming accessories market, currently valued at approximately US$6.5 billion, is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030, reaching a staggering US$12.9 billion by the end of the decade.

Key Trends Fueling Market Growth

1. Rise of eSports: The burgeoning eSports industry continues to be a key driver behind the growth of the gaming accessories market. Increased participation in competitive gaming has spurred demand for high-performance peripherals worldwide.
   • Innovation and sales surge in gaming accessory products globally.
   • Enhanced gaming experience through high-performance peripherals.
2. Release of New Gaming Consoles: With each new console release, there is a surge in demand for compatible accessories, such as controllers, headsets, and charging docks. This trend fosters innovation and competition among manufacturers, ultimately benefiting gamers with a wider range of options.
   • Surge in demand for compatible accessories with new gaming consoles.
   • Fueling innovation and competition among manufacturers.
3. Preference for Customization and Aesthetics: Gamers seek personalized and visually appealing gaming setups, driving sales of accessories like custom skins, LED lighting, and themed controllers. This trend underscores the importance of style and individuality in the gaming community.
   • Increased demand for visually appealing gaming accessories.
   • Emphasis on style and personalization in gaming setups.

Key Growth Determinants

1. Continuous Advancements in Technology: Technological innovations such as ergonomic designs, responsive sensors, and AR/VR integration enhance gaming experiences and attract a broader consumer base.
2. Growth of Content Creation Platforms: Rising demand for specialized equipment among content creators drives innovation in gaming peripherals catering to specific requirements.
3. Proliferation of Mobile Gaming: Increasing processing power of smartphones fuels demand for high-quality accessories, including headphones, controllers, and cooling systems.

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: Saturated market with products needing substantial technological advancements hinders industry competitiveness and market expansion.

Regional Frontrunners

1. Asia Pacific: The region retains leadership in gaming accessories adoption due to a burgeoning gaming community and rising disposable income, particularly in mobile gaming.
2. North America: A thriving gaming ecosystem, high disposable income levels, and a tech-savvy population drive demand for premium gaming accessories, bolstered by a strong eSports scene.

Fairfield's Competitive Landscape Analysis

The global gaming accessories market features a compact landscape dominated by major players continually innovating to offer high-quality peripherals. Emerging entrants and niche players contribute to a dynamic market characterized by product diversity and aggressive marketing strategies.

Leaders in the Global Gaming Accessories Space

1. Logitech G
2. Razer Inc.
3. Turtle Beach
4. SteelSeries
5. ASUS ROG
6. Corsair Gaming
7. Thrustmaster
8. Astro Gaming
9. RAPOO
10. A4TECH
11. Sony Group Corporation
12. Samsung Electronics
13. Genius (KYE Systems Corp)
14. Roccat
15. MADCATZ
16. AZio
17. Cooler Master Technology

 
For More Industry Insights Read:

https://www.fairfieldmarketresearch.com/report/gaming-accessories-m...