Portable Video Game Consoles Market Is Projected To Reach US$ 27 Billion By 2033

The demand for portable video game consoles is expected to grow steadily over the next decade, with a projected increase of 6% annually from 2023 to 2033. Currently valued at US$ 15 billion, the market is anticipated to reach US$ 27 billion by 2033. These handheld gaming systems combine display, console, speakers, and controls into a single unit, offering convenience and portability.

Portable consoles are favored for their lightweight design and robust battery life, allowing users to enjoy extended gaming sessions on the go. Some models even boast additional features like internet connectivity and cloud gaming.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭
https://www.factmr.com/connectus/sample?flag=S&rep_id=8529

The surge in demand for portable consoles is largely driven by the booming mobile gaming industry, which has become a mainstream form of entertainment across all age groups. The advent of advanced smartphones and tablets has further fueled the desire for gaming on the move, contributing to the popularity of portable video game consoles.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬:

Increasing Mobile Gaming Demand: The rise in popularity of mobile gaming is a significant driver for portable video game consoles. As more people engage in gaming on smartphones and tablets, there's a growing desire for similar gaming experiences on dedicated handheld devices.

Technological Advancements: Ongoing technological advancements, such as improved display quality, enhanced processing power, and longer battery life, are making portable consoles more appealing to consumers. These advancements contribute to a better gaming experience and encourage adoption.

Expansion of Gaming Content: The availability of diverse gaming content, including both classic titles and new releases, is expanding the appeal of portable consoles. Developers are optimizing games for handheld devices, providing a rich and varied gaming library for users.

Innovation in Design and Features: Manufacturers are continuously innovating in terms of design and features to attract consumers. This includes the integration of additional functionalities such as internet connectivity, multiplayer capabilities, and augmented reality (AR) features.

Growing Casual Gaming Market: Portable consoles appeal to a broad audience, including casual gamers who seek convenient gaming options. The accessibility and simplicity of handheld devices make them suitable for casual gaming experiences, driving market growth.

Rising Disposable Income: As disposable incomes rise in many regions, consumers have more spending power to invest in entertainment devices like portable video game consoles. This increased purchasing capacity contributes to market expansion.

Global Gaming Culture: The global gaming culture continues to thrive, with gaming becoming increasingly mainstream and socially acceptable. This cultural shift fuels the demand for gaming devices, including portable consoles, across diverse demographics.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• Microsoft Corporation
• Atari SA
• Nintendo Co., Ltd
• Sega Games Co., Ltd
• Sony Corporation
• Valve Corp
• Nvidia Corporation
• Mattel Inc
• NEC Corporation
• Vtech
• Bit Corporation
• Mad Catz Interactive, Inc
• Razer Inc

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The global market is extremely competitive. There are several firms that provide portable gaming consoles, each with its own set of advantages and disadvantages. Top companies in the portable video game consoles market are implementing tactics such as collaborations, investments, and technological breakthroughs to strengthen and broaden their global presence.

• Logitech G and Tencent Games collaborated in August 2022 to bring to market a cloud gaming handheld that combines Logitech G's hardware capabilities with Tencent Games' software offerings. The new device will support numerous cloud gaming services, allowing gamers to play AAA games without having to connect to their console or PC.
• Valve unveiled the Steam Deck portable video game device in July 2021. This new product directly competes with Nintendo's Switch range. The Valve Steam Deck features an AMD processor, a 7-inch touchscreen display, and several buttons. The Steam Deck runs SteamOS 3.0, which is based on Linux. Valve, on the flip side, claims that the Steam Deck can run a variety of Linux versions as well as Windows 11.
• AYANEO introduced the AYANEO NEXT 2, a handheld game console with an AMD Radeon 6000 GPU or Intel ARC, in June 2022. In addition, this is the first gaming console to feature Intel's ARC Alchemist GPU.
• Meizu released the PANDAER x AYANEO OLED Windows portable console with Ryzen 5 5560U in June 2022. The PANDAER x AYANEO, a handheld games system, is simply an AYANEO AIR Pro console with different customizations. The PANDAER logo and artwork can be found on the console's back panel. The PANDAER x AYANEO gaming console is powered by a 7,350 mAh battery. It also supports Bluetooth 5.2 and Wi-Fi 6.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• By Type :
o Single Function Gaming Consoles
o Multifunction Gaming Consoles

• By Product :
o PlayStation 5
o Xbox
o Razer Switchblade
o PlayStation Vita
o Nintendo Switch Lite

• By Platform :
o iOS
o Android
o Windows
o Others

• By Region :
o North America
o Latin America
o Europe
o Asia Pacific & China
o Middle East & Africa

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/portable-video-game-consoles-market

𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭:

Ultrasound Consoles and Transducers Market: https://www.factmr.com/report/1828/ultrasound-consoles-and-transducers-market

Video Games Market: https://www.factmr.com/report/124/video-games-market

Cloud Computing Market: https://www.factmr.com/report/cloud-computing-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.