Gaming Accessories Market Trends

Skyquest Technology's expert advisors have carried out comprehensive research on the gaming accessories market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.

Gaming Accessories Market Dynamics

Gaming Accessories Market Drivers

Emerging Esports Industry & Professional Gaming

  • The rapid expansion of esports has become a major driver for the gaming accessories market as competitive gaming necessitates specialized high-performance gear for optimal performance. Competitive players and esports experts become more reliant on precise gaming gear, as a testament to average annual spending by American competitive gamers of USD 425 for gaming peripherals and game downloads. Increased spending on gaming peripherals comes at the heels of the demand for extreme precision optical sensors on gaming mice, the lowest possible actuation distance of gaming keyboard switches, and retractable rear paddles for professional controllers.

Innovation in Technology Through Gaming Peripherals

  • The global gaming accessories market is witnessing huge growth due to rapid technological advancement, particularly in virtual reality (VR), artificial intelligence (AI), and high-performance computing (HPC). According to estimates from the market, the worldwide base of users for VR games will reach 216 million by 2025, boosting demand for VR headsets and associated peripherals. This innovation has led to the production of high-tech gaming streaming peripherals with features including haptic feedback, sophisticated motion tracking, and better sensory experience.

Gaming Accessories Market Restraints

Premium, Expensive Items

  • One of the major challenges for the gaming accessories market is the exorbitant price of high-end items. Though higher-end add-ons such as gaming mice, VR headsets, and mechanical keyboards provide extra features, their high cost prevents price-conscious consumers from purchasing them. In developing nations, where consumers do not have the extra money to purchase these add-ons, this hinders market growth.

Saturation of the Market

  • Particularly in regions like North America and Europe, where customers already have several gaming peripherals, the market is increasingly saturated. This discourages the expansion of the market and reduces the prospects of acquiring new clients. To compete in an industry that is becoming increasingly saturated, producers are focusing more and more on innovations and product individuality; however, as gamers buy required peripherals, development in general could come to a standstill.
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Global Gaming Accessories Market size was valued at USD 6.57 Billion in 2023 and is poised to grow from USD 6.98 Billion in 2024 to USD 11.39 Billion by 2032, growing at a CAGR of 6.3% in the forecast period (2025-2032).

Competitors in the highly competitive global gaming accessories market compete with each other on the grounds of brand positioning and innovation. The leaders in the market, Logitech, Razer, and Corsair, focus on designing high-performance products with state-of-the-art features such as wireless connectivity, ergonomic and sleek design, and adjustable lighting. Some of the most significant actions are collaborations with e-sports teams, distinctive product releases, and ongoing innovation in products. To be a force in the highly dynamic business, the companies also invest considerable amounts of money in advertising through sponsorships and influencer partnerships. 'Logitech', 'Razer', 'Corsair', 'SteelSeries', 'Turtle Beach', 'HyperX (Kingston Technology)', 'Logitech G', 'MSI', 'ASUS', 'Redragon', 'Roccat (Turtle Beach)', 'Cooler Master', 'BenQ', 'Logitech UE (Ultimate Ears)', 'SteelSeries Arctis'

The rapid expansion of esports has become a major driver for the gaming accessories market as competitive gaming necessitates specialized high-performance gear for optimal performance. Competitive players and esports experts become more reliant on precise gaming gear, as a testament to average annual spending by American competitive gamers of USD 425 for gaming peripherals and game downloads. Increased spending on gaming peripherals comes at the heels of the demand for extreme precision optical sensors on gaming mice, the lowest possible actuation distance of gaming keyboard switches, and retractable rear paddles for professional controllers.

Cordless and Wireless Accessories: Due to the increasing demand for convenience and mobility, wireless gaming equipment has gained greater and greater popularity. With the trend towards the minimalist game configuration, wireless keyboard, mouse, and headsets provide a clutter-free gaming environment. Improved gaming experiences and greater use across the world are the consequences of enhanced Bluetooth and wireless technology, which have provided wireless devices with greater responsiveness and stability.

What Drives North America's Dominance in the Gaming Accessories Market?

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Global Gaming Accessories Market
Gaming Accessories Market

Report ID: SQMIG25E2186

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