PC Gaming Peripheral Market Witness Robust Expansion Throughout The Forecast Period 2020 - 2027


Posted June 17, 2020 by avinash1

PC gaming peripheral are external hardware devices such as keyboard, mice, headsets, joysticks, and controllers that are used to play games in the systems.

 
Market Overview
PC gaming peripheral are external hardware devices such as keyboard, mice, headsets, joysticks, and controllers that are used to play games in the systems. The increasing usage of PC’s and rise in internet penetration are the major factors that are expected to drive growth of the market. There are different type of PC gamers such as casual gamers, hard core gamers, and enthusiast gamers. Casual gamers spend less time on PC, while hard core gamers spend longer time on PC and are aware of the latest technologies used in gaming peripheral devices. Enthusiast gamers are only interested in playing games and do not spend more time on PC games. Therefore, increasing gaming aficionados is one of the factors that is expected to drive demand for PC gaming peripherals.

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The global PC gaming peripheral market is expected to exhibit a CAGR of 7.5% during the forecast period (2019-2027).

Market Dynamics- Drivers
Increasing hard core or casual gamers and growing popularity of e-sports are expected to drive growth of the PC gaming peripheral market during the forecast period
The increasing hard core or casual gamers and growing popularity of e-sports are expected to drive growth of the PC gaming peripheral market during the forecast period. Hard core gamers are those, who spend more time in playing video games and use advanced technologies gaming peripherals. Introduction of e-sports and virtual gaming has driven demand for gaming keyboards and gamepads that improves the gaming experience of the users. Thus, increasing demand of games from consumers has created the need for gaming consoles, peripheral devices, and others. Additionally, the affordability of these peripheral devices and rise in youth populations are the major factors that are expected to boost the market growth.
The increasing awareness about e-sports and ease of availability of the internet has increased growth of e-sport viewership significantly in the recent past. E-sports industry is the fastest growing industries that have become popular and offers lucrative growth opportunities to market players of peripheral devices such as keyboard and mouse. For instance, in 2017, according to Coherent Market Insights there were around 193.6 million casual gamers and 145.3 million enthusiasts gamers, which creates total audience of 338.9 million. Moreover, according to Coherent Market Insights, the PC gaming peripherals market is to expected to reach US$ 4.13 billion by 2024.
Among regions, North America region held a dominant position in the PC gaming peripherals market in 2019, accounting for 29% share in terms of value, followed by Asia Pacific and Europe, respectively.

Market Opportunities
Growing demand for augmented reality and virtual reality is expected to create lucrative growth opportunities for market players
The demand for augmented and virtual reality is increasing rapidly, owing to the increasing adoption of smartphones in the market. Ease of accessibility on smartphones and tablets are fueling demand for augmented reality gaming devices. Advancements in the gaming technologies and are aiding in the expansion of augmented reality gaming peripherals in the market. The development of new headphones with advanced gaming technologies attracting gamers to purchase these headphones. The development of virtual augmented reality and virtual reality are expected to drive growth of the PC gaming peripherals market. The demand for virtual reality games are increasing globally due to development of new controllers and accessories by the makers of gaming peripherals. For instance, according to coherent market insights, global VR video gaming sales revenue are expected to reach at US$ 23.2 billion by 2020, followed by PC and console segments.

Market Taxonomy
This report segments the PC gaming peripheral market on the basis of type, device, technology, channel, and region. On the basis of product type, the PC gaming peripheral market is segmented into headsets, keyboards, joysticks, mice and gamepads. On the basis of device type, the PC gaming peripheral market is segmented into PC and gaming consoles. On the basis of technology, the PC gaming peripheral market is segmented into wired and wireless. On the basis of region, the PC gaming peripheral market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Key features of the study:

• This report provides an in-depth analysis of the PC gaming peripheral market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the PC gaming peripheral market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
• The PC gaming peripheral market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the PC gaming peripheral market.
Detailed Segmentation:

PC Gaming Peripheral Market, By Product Type:
• Headsets
• Keyboards
• Joysticks
• Mice
• Gamepads
• Others
PC Gaming Peripheral Market, By Technology:
• Wired
• Wireless
PC Gaming Peripheral Market, By Channel:
• Online
• Offline

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Competitive Section
Key companies operating in the PC gaming peripheral market include Alienware, Logitech Internation SA, Razer Inc., Mad Catz Global Limited, Corsair Components, Inc., Cooler Master Co., Ltd., Sennheiser electronic GmbH & Co. KG, HyperX, SteelSeries, Anker, Roccat, Reddragon, Thrustmaster, and Turtle Beach Corporation.

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Tags pc gaming peripheral market , pc gaming peripheral market share , pc gaming peripheral market size
Last Updated June 17, 2020