Press release
Gaming Peripheral Market to Hit US$ 9.36 Billion by 2029, Growing at 10.4% CAGR
► Gaming Peripheral Market OverviewThe global gaming peripheral market is experiencing rapid expansion, driven by the increasing demand for high-quality gaming experiences. The market, which includes devices like gaming mice, keyboards, headsets, controllers, and more, is projected to grow at a remarkable CAGR (Compound Annual Growth Rate) of 10.4% from 2020 to 2029. By the end of 2026, the gaming peripheral market size is expected to surpass USD 9.36 billion, highlighting the growing importance of peripherals in the gaming world.
► Competitive Landscape
As gaming becomes a mainstream entertainment medium, leading companies are capitalizing on this demand. The competitive landscape of the gaming peripheral market features a wide range of established players, including Logitech, Corsair, Razer, SteelSeries, and Microsoft. These companies are focusing on advanced technology integration and product differentiation to stay ahead in this competitive market. The demand for customization, wireless connectivity, and enhanced gaming performance continues to drive the development of new peripherals.
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► Gaming Peripheral Market Regional Insights
United States: Gaming Peripheral Growth and Trends
The United States continues to be one of the largest markets for gaming peripherals. As one of the top regions in esports and gaming, the US sees a significant increase in demand for high-performance gaming accessories. With an expanding gaming community, especially in areas like California, New York, and Texas, the gaming peripheral market in the US is expected to witness steady growth. Companies such as Razer and Corsair are constantly introducing innovative products to meet the high expectations of US gamers.
Asia Pacific: Gaming Peripheral Opportunities and Growth
The Asia Pacific region holds immense growth potential, with countries like China, Japan, and South Korea being at the forefront of the gaming industry. The rapid urbanization and a growing interest in esports are expected to propel the gaming peripheral market in this region. Gaming culture is deeply ingrained in many of these countries, making them a hotspot for gaming peripherals.
Europe: Gaming Peripheral Updation and Consolidation
Europe remains a key player in the global gaming peripheral market. With a high number of gaming enthusiasts and esports events, the region has seen a rise in demand for advanced peripherals. Countries such as Germany, the UK, and France are witnessing significant investments in the gaming market.
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► Mergers, Acquisitions, and Key Recent Developments
- GN Store Nord's acquisition of SteelSeries in 2021 for approximately USD 1.24 billion marked a significant milestone in the gaming peripheral sector. The move allowed GN to diversify its audio business into the rapidly growing esports and gaming peripherals domain.
- Corsair has been active in consolidating its market position through acquisitions. Notably, it acquired Elgato Gaming, a company specializing in streaming hardware and software. This helped Corsair expand its reach into the content creator ecosystem, a key driver of gaming peripheral demand.
- HP Inc. completed the acquisition of HyperX, the gaming division of Kingston Technology Company, for USD 425 million in 2021. This acquisition helped HP strengthen its footprint in the gaming accessories space, especially in high-quality headsets, keyboards, and mice.
► Gaming Peripheral Market Segmentation
by Product
•Headsets
• Keyboard
• Controller
• Mice
• Others
by Type
• Wired
• Wireless
by Device
• PC
• Gaming Consoles
Throughout the forecast period, the PC sector is expected to maintain its dominant market position. Demand for the PC market is anticipated to increase as a result of face recognition and gesture-based gaming, as well as superior visuals and an improved gaming experience.
Throughout the forecast period, the PC sector is expected to maintain its dominant market position. Demand for the PC market is anticipated to increase as a result of face recognition and gesture-based gaming, as well as superior visuals and an improved gaming experience.
by Distribution Channel
• Online
• Offline
For deeper market insights, peruse the summary of the research report:
https://www.maximizemarketresearch.com/market-report/global-gaming-peripheral-market-industry-analysis-and-forecast-2020-2026-by-product-device-type-distribution-channel-and-region/103223/
► Gaming Peripheral Market Key Players
• Corsair Components, Inc.
• Guillemot Corporation S.A
• Kingston Technology
• Logitech
• Madcatz
• Razer Inc.
• ROCCAT STUDIOS
• Sennheiser Electronic
• Sharkoon Technologies
• SteelSeries
• Thermaltake Technology Co.
• Turtle Beach Corporation
• Cooler Master Technology Inc.
• Plantronics Inc.
• Rapoo Corporation
• Redragon USA
• Other Key Players
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