According to the recent report by IMARC Group, titled “Gaming Peripherals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global gaming peripherals market size reached US$ 2.9 Billion in 2019. Gaming peripherals refer to input and output devices that are connected to a personal computer (PC) or laptop to offer an enhanced gaming experience to users. There is a range of peripherals available for users, including joysticks, headsets, gamepads, and keyboards. As video games offer an interactive gaming session, they have gradually gained preference over traditional board games. This has provided a thrust to the gaming industry, especially among the young generation across the globe. This has been further supported by the increasing penetration of the internet around the world and the introduction of gaming laptops and PCs.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Gaming Peripherals Market Trends:
One of the major growth-inducing factors of the market is the growing popularity of e-sports tournaments. This, along with other games, has led to the introduction of specialized gamepads and keyboards. Apart from this, the expanding number of gaming enthusiasts due to COVID-19 induced lockdowns is also propelling the market growth. Moreover, there has been a higher demand for an immersive and realistic gaming experience, which has created a requirement for superior quality gaming peripherals. Furthermore, the introduction of virtual and augmented reality-based (AR/VR) games is also providing a thrust to the sales of advanced gaming headsets. Additionally, manufacturers are innovating with their products to introduce improved and convenient peripherals for users. On account of these factors, the market is expected to experience moderate growth during the forecast period (2020-2025).
Market Summary:
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