PC Gaming Peripheral Market Size, Share, Growth, and Industry Growth, By Type (Headsets, Keyboards, Mice, Surfaces, and Controllers), By Application (Online and Offline), Regional Insights, and Forecast To 2032

Updated On: 01 April 2024

PC Gaming Peripheral Market REPORT OVERVIEW

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The global PC gaming peripheral market size was USD 3125.86 Million in 2021 and market is projected to touch USD 6333.72 Million by 2032, at a CAGR of 6.63% from 2021 to 2032. 

External devices such as a headset, keyboard, joysticks, mouse, and controllers used to play games on the computer are known as gaming peripherals. The solutions and products offered are the hardware input and output equipment. This equipment offers an enhanced gaming experience. The rising usage of PCs coupled with the rising penetration of the internet is forecasted to be the major growth factor. These are input and output devices connected to the computer. The demand for the peripherals is anticipated to increase due to the interactive experience offered by them. These games have become more popular than traditional board games. 

The growing popularity of the peripherals has boosted the gaming industry. Based on the rising need for a user-friendly interface, availability of hardware in a small size, and rising popularity, gaming consoles are likely to see rapid growth in the near future. The need for an improved gaming experience is being driven by an increasing number of dedicated players worldwide. This is likely to motivate console manufacturers to release cutting-edge consoles. PC gamers can be divided into various categories, including enthusiasts, hardcore, and casual players. Hardcore gamers spend more time on their computers and are knowledgeable about the newest technology utilized in gaming peripherals, whereas casual players spend less time on their computers. Enthusiast gamers don't spend more time playing PC games since they are just interested in playing games.

COVID-19 Impact: Adoption of Digital Entertainment Boosted Market Growth

The entire world has experienced a pandemic of unparalleled proportions. The pandemic has slightly influenced the market for gaming peripherals. The COVID-19 epidemic has significantly impacted the world economy and has stopped peripherals production, manufacturing, and other businesses. The market was also hurt by a decrease in Chinese gaming peripheral production. Additionally, manufacturers of switch components, which are needed to create gaming peripherals, like Nintendo, a Japanese consumer electronics and multimedia multinational corporation, have seen a decline in production. Moreover, COVID-19-related production problems were also experienced by Valve. The population adopted digital entertainment, which boosted the demand for peripheral devices. 

LATEST TRENDS

"Increasing E-Sports Participation to Propel Market Growth"

The growth in the PC gaming peripheral market is anticipated to be driven by increasing hardcore or casual gamers and the popularity of e-sports. The term "hardcore gamers" refers to people who frequently play video games and use high-tech gaming accessories. E-sports and virtual gaming have raised the demand for gaming keyboards and gamepads, enhancing consumers' gaming experiences. The growing popularity of e-sports is anticipated to surge the PC gaming peripherals market growth. The introduction of virtual gaming and e-sports is likely to drive product demand in the global market. Moreover, the rising awareness of e-sports and the easy availability of the internet is propelling the demand for e-sports. 

PC Gaming Peripheral Market Segmentation

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• By Type Analysis

By type, the market is segmented into headsets, keyboards, mice, surfaces, and controllers.

• By Application Analysis

Based on application, the market is classified into online and offline.

DRIVING FACTORS

"Surging Demand for VR and AR Integration to Offer Growth Opportunities"

The cellphones are widely used in society, and augmented and virtual reality are in high demand. The accessibility of augmented reality gaming devices on smartphones and tablets is driving demand. The market for augmented reality gaming accessories is growing due to developments in gaming technology. Gamers are drawn to new headphones that have been developed with cutting-edge gaming technology. The growth of the PC gaming peripherals market is anticipated to be fueled by the development of virtual, augmented reality, and virtual reality. Due to the creation of new controllers and accessories by peripheral gaming manufacturers, there is an increase in demand for virtual reality games on a global scale.

"Increasing Demand for Gaming Equipment to Prosper Market Growth"

The demand for gaming headsets, which include microphones and headphones so that players can speak with their colleagues in group gaming events or online play, is rising, on the other hand, and is contributing to the market's expansion. These gaming headphones improve in-game interaction, reduce background noise, and allow players to immerse themselves in the game fully. Additionally, it is projected that in the upcoming years, the expansion of the global gaming peripheral market will be aided by increased affordability of these peripheral gaming devices and an increase in the number of young populations worldwide.

RESTRAINING FACTORS

"High Cost of the Product to Hamper the Market Growth"

The high cost of the PC gaming peripherals such as keyboard, joysticks, and mouse are estimated to hamper the market growth. Moreover, the absence of advanced technologies such as anti-ghost switches and DPI mouse allowed gamers to invest more in the gaming experience. These factors ultimately retard the PC gaming peripherals market growth.

PC Gaming Peripheral Market REGIONAL INSIGHTS

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"North America to Be Dominant Due to the Growing Number of Online Gaming Tournaments"

North America is likely to lead the global PC gaming peripheral market share due to the strong positioning of the U.S. as the most lucrative market for gaming industries and entertainment. A growing number of online gaming tournaments are also projected to foster regional growth. 

Asia Pacific is projected to show significant growth owing to the growing number of gamers and an increasing number of online gaming competitions. 

KEY INDUSTRY PLAYERS

"Key Players Focusing On Innovative Technology Development to Grow in Market"

Businesses are working on developing new technology to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new technologies. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products. 

List of Market Players Profiled

• Logitech Internation SA (Switzerland)
• HyperX (U.S.)
• Thrustmaster (France)
• Mad Catz Global Limited (China)
• Razer Inc. (U.S.)
• Cooler Master Co., Ltd. (Taiwan)
• Turtle Beach Corporation (U.S.)
• Anker (U.S.)
• SteelSeries (Denmark)
• Reddragon (India)
• Sennheiser electronic GmbH & Co. KG (Germany)
• Roccat (Germany)
• Corsair Components, Inc. (U.S.)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for stem cells to show potential investment areas. From 2021 through 2032, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.