Gaming Controller Market Rising Demand for Gaming Stations and eSports

According to the Precision Business Insights (PBI), latest report the gaming controller market size was valued at USD 2,382.1 million in 2023, growing at an 8.5% CAGR from 2024 to 2030. The key drivers of the expansion of the global gaming controller include the enhanced gaming experience, technology advancements, consumer preferences and ergonomics, competitive gaming and esports, intuitiveness, and portability of the gaming controllers.

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The gaming controller market detailed segmentation:
Based on the product, the market is segmented into the following:
• Gamepad
• Joystick
• Trackball
• Throttle Quadrant
• Light Gun
• Others

Based on the compatibility, the market is segmented into the following:
• PC & Mobiles
• Console

Based on the distribution the market is segmented into the following:
• Online
• Offline

Based on the Connectivity, the market is segmented into the following:
• Wireless
• Wired

Based on the end-user, the market is segmented into the following:
• Personal
• Commercial

Based on the compatibility, the global gaming controllers market is segmented into PC & Mobiles, and Consoles. Among these consoles are anticipated to account large revenue share in the global gaming controllers market in the forecast period. A gaming console is an electronic device that outputs a video signal or image to display a video game that can be played with the game controllers. Increasing penetration of internet services across the world, together with easy access to games on the internet, is anticipated to keep growth prospects upsurging over the future years. Moreover, over the years, console fabricators have continued to revolutionize and expand the hardware and software technology utilized in gaming consoles, resulting in more powerful, sophisticated, and immersive gaming proficiencies. With the most substantial technological advancements in gaming consoles to 4k preserved in current consoles, the graphics quality has amended significantly, which in turn robust the gaming consoles market, and sequentially drives the gaming controllers market in the forecast period.

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Based on the geography the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

The Asia Pacific market is expected to increase in the Gaming Controller market over the forecast period. The Asia Pacific market is expanding as a result, of the increasing demand for gaming accessories like gaming mice, keyboards, joysticks, and controllers. The world's top gaming hubs are China, Japan, Australia, and South Korea, accounting for more than 40% of the industry's annual revenues. In Asia, China is one of the leading economies that has been espousing technology at an increasing rate. The country is home to solitary fastest internet bands and strong players, like Tencent and NetEase. The main driving factors for gaming in this country are mounting esports and constantly inventive practices related to novel games and consoles. eSports was the current trend, which in turn is anticipated to an increasing market for video games. Sequentially, drives the gaming controllers market in the forecast period.

Strategic New Product Launches, Mergers, Acquisitions, and Concurrence are the key tactics adopted by market players:
In the recent research the Gaming Controller market further divulge that the key players are intensively adopting strategies such as the launch of novel gaming accessories, inauguration of gaming stations, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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Key players in the gaming controllers market are Bensussen Deutsch and Associates, LLC, Guillemot Corporation S.A., HORI USA, Logitech, Mad Catz Global Limited, Microsoft Corporation, Nintendo, Razer Inc., Sony Corporation, Scuf Gaming International LLC, Logitech G, Corsair, Steel series, HyperX, Thrustmaster, Turtle Beach, ASUS, Xbox, Micro-Star INTL CO., LTD

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This release was published on openPR.