Gaming Peripherals Market Forecast

The gaming peripherals marketplace is anticipated to grow at a healthful charge in the coming years, driven by means of the growing reputation of e-sports activities and cell gaming. 

Gaming peripherals talk to the extra enter/output gadgets used to play video video games, along with keyboards, mice, gamepads, joysticks, VR headsets and many others. With the gaming enterprise expanding unexpectedly, the call for for superior gaming peripherals is also growing.

How Much Market Coverage Of Cod In Gaming World?

Call of Duty (COD) stands as a colossal presence in the gaming world, commanding substantial market coverage. The franchise’s influence extends globally, with a dedicated player base and a significant impact on the first-person shooter genre.

One standout installment contributing to COD’s extensive market reach is Call of Duty Black Ops 2. Lauded for its engaging narrative, innovative gameplay features, and multiplayer excellence, Black Ops 2 has played a pivotal role in solidifying COD’s dominance. 

The franchise’s strategic release cycles, consistent updates, and diverse game modes contribute to maintaining a substantial market share, making COD, particularly with titles like Black Ops 2, a perennial force in the ever-evolving landscape of the gaming industry.

Key Growth Drivers

Surging Popularity Of E-Sports

E-sports or professional video game-playing tournaments and leagues are gaining huge momentum worldwide. The e-sports industry was valued at nearly $1 billion in 2019 and is projected to surpass $1.5 billion by 2023. 

As e-sports gain more mainstream acceptance and viewership, peripherals specially designed for professional gaming will see increased uptake. Gamers require high-performance gear like gaming mice, keyboards and headsets to gain a competitive edge.

Rising Adoption Of Mobile And Online Gaming

The mobile and on line gaming segments are booming, driven with the aid of elements like telephone penetration, 5G rollout and get right of entry to to excessive-speed internet. cell gaming by myself is expected to generate over $one hundred billion in revenues by way of 2023.

As informal gaming turns into extra popular on cell gadgets, the call for for gaming-centric mobile add-ons like gamepads, controllers and headphones will upward push among mass marketplace purchasers. The growth of cloud gaming services that allow instant play without downloads will also drive the need for advanced peripherals.

Innovations In Vr And Controller-Free Gaming

Cutting-edge technology like digital reality (VR) and gesture control are reshaping the destiny of gaming. even though nevertheless in nascent stages, VR headset sales are projected to grow exponentially over the subsequent 5 years as the technology will become greater subtle and low cost.

Controller-free gaming using hand gestures and body movements is also an emerging concept that will gain traction in line with Natural User Interface (NUI) advancements. Such innovations will create long-term opportunities for manufacturers to develop compatible gaming peripherals.

Growth Projections By Segment

  • Gamepads/Controllers: Gamepads and controllers will continue dominating the gaming peripherals market with over 30% share during the forecast period. The latest controllers offer advanced vibration feedback, motion sensitivity, pressure-sensitive buttons and ergonomic designs for enhanced user experience. 

Wireless controllers are increasingly gaining popularity for the convenience they offer.

  • Headsets: Gaming headsets are expected to exhibit the highest CAGR of over 13% through 2025. Headsets enable gamers to communicate and collaborate effectively during multi-player games. 
  • Noise cancellation and surround sound capabilities are becoming standard features among newly launched headsets. The integration of augmented reality (AR) in next-gen headsets will further accelerate market growth.
  • Keyboards: Gaming keyboards accounted for the second largest share traditionally, but membrane keyboards are now facing fierce competition from compact mechanical keyboards. Mechanical keyboards provide better tactile feedback and faster response times sought by gamers. RGB backlit keys are also becoming a ubiquitous feature in gaming keyboards.
  • Mice: High-DPI gaming mice will continue generating strong demand among pro gamers who require ultra-quick response times. Key innovations like adjustable weights, customizable buttons/panels and grip designs will improve adoption across casual gamers as well. Gaming mice are expected to grow at a CAGR of over 9% through 2025.
  • VR Devices: The VR gaming peripherals segment will demonstrate exponential growth in sync with expanding VR capabilities and applications. All major VR headset manufacturers like Oculus, HTC and Sony are gearing up to launch upgraded products to capitalize on this demand. 

VR gloves that allow natural hand movements are an emerging peripheral product gaining investor interest.

Regional Growth Analysis

  • Asia Pacific: Asia Pacific dominated the gaming peripherals market with a 40% revenue share in 2018. China, Japan and South Korea are major demand drivers owing to high gaming participation rates and e-sports viewership. The rapid growth of gaming cafes, particularly in China and India, will further promote adoption across APAC.
  • North America: North America trails APAC closely with over 25% market share currently. The U.S. and Canada have a mature gaming culture and frequent product introductions from leading brands like Logitech, Razer and Turtle Beach. Mexico is also demonstrating a keen interest in e-sports and online gaming.
  • Europe: Europe is projected to display a CAGR of over 7% during the forecast period. Germany, the UK and France represent key markets supported by a broad gaming demographic ranging from teenagers to millennials. The presence of several gaming events and leagues in Europe also promotes device usage.
  • South America: Brazil and Argentina have a rapidly growing base of gamers and e-sports teams, indicating promising growth potential. Investments to improve internet connectivity in urban areas will further boost online gaming activity and uptake of related accessories across South America.
  • Middle East & Africa: The Middle East & Africa gaming peripherals market will rise steadily driven by the youth population adopting gaming as a form of entertainment as well as a viable career option. Streaming platforms like Twitch and YouTube Gaming are gaining viewership in the region.

What Is Cod Gaming Market Forecast?

The COD Gaming Market Forecast encompasses the projected trends and demand dynamics within the gaming industry specifically related to the Call of Duty (COD) franchise. With each new COD release, the gaming market witnesses fluctuations in demand for associated products and services. 

The forecast takes into account factors such as the evolving gaming landscape, advancements in technology, and changing player preferences There are numerous usersc who are new in the gaming zone, They always stay confused which FPS game is the  best and if you are one of then go and download COD game to enjoy this warzone game, underscores the growing trend of digital distribution, emphasizing the shift towards online platforms for acquiring and playing COD titles. 

This forecast reflects the industry’s anticipation of continued growth in the COD gaming market, fueled by a combination of innovative game releases and the ongoing digital transformation of the gaming experience.

Key Players

The gaming peripherals market is highly dynamic with the presence of both established brands and new entrants. Some of the key players include:

  • Logitech
  • Razer
  • Mad Catz
  • Turtle Beach
  • Corsair
  • Cooler Master
  • HyperX
  • SteelSeries
  • ROCCAT
  • Red Dragon

Leading brands are actively investing in R&D to integrate new technologies like haptics, biometrics, AI and cloud computing into gaming peripherals, thereby shaping the future landscape. 

Partnerships with e-sports teams and gamer influencers are also vital to promote products among target consumer groups. The entry of tech giants like Microsoft, Google and Sony in the gaming hardware segment will intensify competition in the long run.

Outlook And Opportunities

The global gaming peripherals market outlook remains very positive, benefiting from the rising interaction between entertainment and technology. Social, mobile and cloud gaming trends will reshape consumer preferences and behaviour, creating new growth avenues.

At the same time, the market is expected to get more consolidated as established players acquire smaller brands to expand their product portfolios and regional reach. Manufacturers also have immense scope to customize peripherals for different game genres ranging from FPS and MOBA to sports and racing. 

Overall, the future for the gaming peripherals industry looks exciting driven by innovation and creative product development.

What Was The Gaming Peripherals Market Size In 2018?

The global gaming peripherals marketplace was valued at round $three.8 billion in 2018.

Which Region Holds The Largest Market Share?

Asia Pacific accounted for the largest share of over 40% in the gaming peripherals market in 2018.

Which Product Segment Will Grow The Fastest?

VR gaming peripherals are projected to grow at the fastest CAGR of over 15% during 2019-2025.

What Are The Key Growth Drivers?

Major factors driving market growth are the rising popularity of mobile and online gaming along with the growth of e-sports.

Who Are The Leading Players?

Logitech, Razer, Mad Catz, Turtle Beach, and Corsair are the top 5 companies in the global gaming peripherals market

Conclusion 

the gaming peripherals market is poised for robust growth, driven by the increasing demand for high-performance accessories and innovative technologies. 

Anticipated advancements in gaming peripherals, coupled with a burgeoning gaming industry, forecast a dynamic market landscape characterized by cutting-edge devices and a heightened focus on enhancing the overall gaming experience.

Leave a Reply

Your email address will not be published. Required fields are marked *