PC Gaming Peripheral devices refer to the accessories, which are used to control the action while playing games in the PC. PC gaming peripherals are hardware devices that include keyboard, mice, headsets, joysticks, and controllers, which are used to play video games in the PC. On the basis of technology the PC gaming peripheral market is divided into wired and wireless. Additionally, PC gaming peripheral market gained popularity among youngest population owing to affordability for these devices has increased. Introduction of PC’s and the increasing adoption of internet across the world are increasing development and commercialization of gaming peripheral devices.
Market Statistics:
The Global PC Gaming Peripheral market is estimated to account for US$ 7.94 Bn in terms of value by the end of 2023.
Global PC Gaming Peripheral Market: Driver
Growth of PC Building
The popularity of building custom gaming PCs has increased, leading to a higher demand for peripherals that complement these setups. Gamers who invest in high-performance hardware often want peripherals that match the capabilities of their systems.
Gamers who build their own PCs often invest in high-performance hardware components to achieve the best gaming experience. To complement their powerful systems, they seek gaming peripherals that can match the performance levels of their hardware. This includes peripherals with advanced sensors, responsive switches, and high refresh rates.
PC builders often have a strong desire to create a unique and personalized gaming setup. This extends to peripherals as well. Manufacturers offer customizable peripherals with features like RGB lighting, customizable keycaps, and modular designs. Gamers can choose peripherals that match their preferred color schemes and aesthetics.
Global PC Gaming Peripheral Market: Opportunity
VR and AR Integration
With the growth of virtual reality (VR) and augmented reality (AR) gaming, there's an opportunity for peripherals that are specifically designed to enhance these experiences. This could include VR-specific controllers, haptic feedback gloves, and more.
Haptic feedback devices are peripherals that provide tactile sensations to users, enhancing immersion in VR environments. These can include gloves with individual finger tracking, vests that simulate impact and touch sensations, and even full-body suits. Developing haptic feedback peripherals that integrate seamlessly with VR content can create a more realistic and engaging experience for gamers.
AR and VR systems often incorporate gesture recognition technology. Creating peripherals that enable precise and intuitive gesture control can enhance the sense of presence in virtual environments. Gesture control devices could include specialized gloves, cameras, or sensors that track users' movements.
Global PC Gaming Peripheral Market: Restraint
Price Sensitivity
Price sensitivity is a significant restraint in the PC gaming peripheral market, where consumers exhibit heightened responsiveness to pricing due to factors such as varying economic conditions and a wide range of available options. Gamers often carefully evaluate the value proposition of peripherals, considering features, performance, and brand reputation in relation to the cost. This sensitivity can lead to intense price competition among manufacturers, limiting the ability to sustain higher profit margins and potentially compelling companies to balance innovation with affordability to cater to the diverse financial considerations of their target audience.
Covid-19 Impact Analysis:
The PC gaming peripheral market experienced a mixed impact from the COVID-19 pandemic. Initial disruptions in manufacturing and supply chains led to shortages and delayed product releases, causing a temporary slowdown in the market. However, the subsequent surge in remote work, stay-at-home measures, and increased leisure time drove a significant uptick in demand for gaming peripherals as people sought ways to enhance their home entertainment experiences. This led to a rapid recovery for the market, with strong sales of items like gaming mice, keyboards, headsets, and monitors. The trend towards e-sports and online gaming also contributed to sustained growth. While challenges such as supply chain disruptions persisted, the market adapted by emphasizing online sales and virtual events. Overall, the PC gaming peripheral market showcased resilience and adaptability during the pandemic, benefiting from shifting consumer preferences and the continued popularity of gaming as a form of entertainment and social engagement.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/pc-gaming-peripheral-market-3607
Key Takeaways:
The Global PC Gaming Peripheral Market was valued at US$ 7.94 Bn in 2023 and is forecast to reach a value of US$ 14.24 Bn by 2030 at a CAGR of 8.7% between 2023 and 2030.
Wired segment held dominant position in the Global PC Gaming Peripheral Market in 2023, accounting for 63.5% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global PC Gaming Peripheral Market Trend:
High Refresh Rate Displays
High refresh rate displays have become a pivotal trend in the PC gaming peripheral market, with monitors offering refresh rates of 144Hz, 240Hz, and beyond. These displays provide a competitive edge by delivering smoother and more fluid gameplay experiences, crucial for fast-paced and competitive gaming scenarios. Gamers have gravitated towards these displays for reduced motion blur, improved responsiveness, and heightened immersion, transforming high refresh rates from a niche feature to a standard expectation among enthusiasts and professional players alike.
Global PC Gaming Peripheral Market: Competitive Landscape
Alienware, Logitech Internation SA, Razer Inc., Mad Catz Global Limited, Corsair Components, Inc., Cooler Master Co., Ltd., Sennheiser electronic GmbH & Co. KG, HyperX, SteelSeries, Anker, Roccat, Reddragon, Thrustmaster, Turtle Beach Corporation, and others
Global PC Gaming Peripheral Market: Recent Development
On May 10, 2023, Google introduced Project Gameface, an innovative open-source solution for hands-free gaming interaction. This technology empowers users to manipulate a computer's cursor using natural head movements and facial gestures. By simply raising their eyebrows, individuals can execute click and drag actions, while opening their mouth facilitates cursor movement, thereby enhancing accessibility and inclusivity within the gaming experience.
