Gaming Peripheral Market Size Worth $18.94 Billion By 2032 | CAGR: 11.10%

The global gaming peripherals market size is expected to reach USD 18.94 billion by 2032, according to a new study by Polaris Market Research. The report “Gaming Peripheral Market Share, Size, Trends, Industry Analysis Report, By Product (Headsets, Keyboard); By Device; By Type; By Distribution Channel; By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing prominence of online gaming and esports is driving the need for high-quality keyboards, gaming mice, controllers, and headsets, both among casual gamers and professional esports players. Professional gamers are actively seeking advanced gaming peripherals to enhance their gaming experience and maintain a competitive advantage.

The growing demand for lifelike and immersive gaming encounters has created numerous opportunities for the development of body sensors, peripheral devices, & gaming consoles. The introduction of new gaming peripherals like haptic gloves, high-definition displays, VR cameras & headsets, chairs, & controllers has allowed gamers to elevate their gaming experience. For instance, in August 2023, Razer introduced Razer Kitsune, its inaugural all-button optical arcade controller crafted to revolutionize the fighting game domain. Featuring lightning-fast optical switches, cable lock & lock switches.

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Moreover, gaming console manufacturers are investing heavily in marketing and advertising to familiarize gamers with gaming peripherals and expand their customer base. These companies are innovating advanced gaming peripherals designed for extended gaming sessions, prioritizing comfort. The increased emphasis on research and development to provide the most advanced and comfortable gaming peripherals presents diverse growth prospects for the market.

The gaming industry is benefiting from rapid advancements in technologies like artificial intelligence and virtual reality, enabling immersive gaming experiences that bridge the gap between reality and fiction. Additionally, with the widespread use of smartphones, manufacturers are introducing diverse mobile headsets and virtual reality gaming accessories to stay competitive.

Despite the market's rapid growth, gamers remain price-conscious and cautious about investing in high-end peripherals. Intensified competition, price sensitivity, product fragmentation, compatibility issues, a limited audience, and the threat of counterfeit products pose substantial challenges for companies in the gaming peripherals market.

Gaming Peripherals Market Report Highlights

• The keyboard segment accounted for the fastest market share during the forecast period due to features and functionalities.
• In 2022, the PC segment held the largest market share, owing to the multi-tasking nature of connected PCs for a seamless gaming experience.
• The offline segment held the highest market share in 2022 due to instant purchases without having to wait for deliveries.
• In 2022, the APAC region dominated the largest market, primarily due to the presence of a huge number of online gamers, the emergence of real-money gaming apps, and a positive funding scenario.
• Middle East & Africa grow at the fastest rate, owing to the presence of innovative companies and a conducive environment for start-ups.
• The key market players include Alienware, CORSAIR, Logitech, Turtle Beach, Plantronics, Rapoo Corporation, and Razer.

Polaris Market Research has segmented the gaming peripherals market report based on product, device, type, distribution channel, and region:

Gaming Peripherals, Product Outlook (Revenue - USD Billion, 2023 - 2032)

• Headsets
• Keyboard
• Controller
• Mice
• Others

Gaming Peripherals, Device Outlook (Revenue - USD Billion, 2023 - 2032)

• PC
• Gaming Consoles

Gaming Peripherals, Type Outlook (Revenue - USD Billion, 2023 - 2032)

• Wired
• Wireless

Gaming Peripherals, Distribution Channel Outlook (Revenue - USD Billion, 2023 - 2032)

• Online
• Offline

Gaming Peripherals, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Gaming Peripheral Market Report Scope