Global Gaming Peripherals Market Predicted to Reach $14,396 Million by 2030

A new report published by Research Dive (via GlobeNewswire) predicted that the global gaming peripherals market will rake in $14,396.40 million by 2030. The report also said that the market will rise at a stable CAGR of 9.9% in the 2022-2030 timeframe.

The leading players in the gaming peripherals market have made several product advancements in recent years, which are expected to drive market growth in the forecast period. Additionally, the market is anticipated to experience higher growth rates due to increased participation in esports and a growing number of gamers.

In the forecast period, the demand for augmented reality and virtual reality is predicted to create numerous growth opportunities for the market. Furthermore, market analysts expect that the growth rate of the market will be enhanced by key players’ acquisitions and similar business expansion strategies.

However, the high cost of gaming peripherals may pose a challenge to the growth of the gaming peripherals market, according to market analysts.

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Notably, by component, the headsets sub-segment is predicted to have the largest market share and generate a revenue of $4,602 million by 2030. Meanwhile, by device type, the PC sub-segment of the gaming peripherals market will be the most dominant and bring a revenue of $8,345 million by 2030. Unsurprisingly, by connectivity type, the wireless sub-segment will have the highest CAGR and, by end-use, the online sub-segment will have the fastest growth.

Also predictably, by regional analysis, the North America region is predicted to have the highest market share with a revenue of $4,740 million by 2030.

On a related note, the PC market just recently saw its largest decline ever. As per Gartner’s report, global PC shipments amounted to 65.3 million units in Q4 of 2022, representing a 28.5% decline from the same period in 2021. However, it’s predicted that the global PC market will recover in late 2023.

“Shipments in 2022 were down by 16%, and we expect a further contraction in 2023, but in both years, total volumes will remain higher than in the pre-pandemic era of 2019. Once businesses and consumers ride out the storm, we expect delayed purchases to begin boosting the market in late 2023, with momentum picking up in 2024.” Said Ishan Dutt, a Senior Analyst at Canalys.

Feature image: courtesy of Logitech

Yabes Elia

Yabes Elia

An empath, a jolly writer, a patient reader & listener, a data observer, and a stoic mentor

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