Two decades ago, PC gaming started to grow in an enormous amount to what it is today in 2021, from consoles to 4K gaming PCs and even smartphone gaming, the world of “gaming” is now a part of our daily lives honest. Now, any such field brings opportunities in terms of career, business or even fame, these days, gamers no less than celebrities worldwide.
The best part about gaming is that it makes everyone united; if you ask why PUBG Mobile in India was the biggest boom in the gaming industry? It is because it brought fans closer to the game and help socialize with others via gaming. From DOTA to CounterStrike, or from FIFA to PES, gaming isn’t stuck a single genre anymore.
With wider support of games on various hardware platforms, most games these days now support cross-platform support. While PlayStations and Xboxes are making high-end gaming affordable, powerful CPUs and GPUs are making PC gaming even stronger, whereas, with new gaming smartphones, the mobile gaming industry isn’t far as well.
All-in-all, gaming has found a new lifeform across the globe, and businesses have flocked surrounding this gaming industry. Talking about the Gaming Accessories Market, this is a segment that has steadily grown over the years now, and recent reports have emerged that this market size will reach USD 4.04 Billion by 2025 at a 9.68% CAGR.
This is an incredible growth rate as the market was valued at USD 2.14 Billion in 2018, and by 2025, the market is expected to double its size. It is obvious because as new games come up, the supporting hardware will make its way, and to support these, there will be gaming accessories.
The major players in the segment are covered in this report, but some names like Logitech, Razer, Corsair, HyperX, Sony, Alienware, ASUS ROG have made their name in the Gaming Accessories Market.
With the inclusion of more & more devices and gaming becoming even more affordable, thanks to technologies like cloud gaming, there has been significant growth in revenues and user screen time. At the same time, powerful smartphones and vast developments in technologies such as virtual reality (VR) and artificial intelligence (AI) are helping to accelerate this market at an unprecedented level.
Also, 5G will play a major role in making gaming possible anywhere, any place, thanks to ultra-fast download speeds. This gaming accessories market includes devices like gamepads, keyboards, mice, headsets, surfaces, controllers/ joysticks, virtual reality (VR) devices, cooling fans, web cameras, and others.
To become the giant in the market, companies are battling against each other, introducing unique or value-for-money products to attract gamers. Or companies with a lot of wealth, like HP, is entirely buying brands like HyperX to capture this gaming accessories market.
On the other hand, companies like ASUS is making their name with their unique and high quality products while its ROG brand is touted as one of the best in the world for its gaming accessories. We were delighted to get some thoughts on the market growth and ASUS’s own viewpoint on this by none other than Jason Wang, Country Product Head, Gaming and PC- Consumer, SYS Business Group, ASUS India Pvt. Ltd:
“The reformation in the global gaming market over the years has channelized many new innovations in terms of both hardware and software, leading to the growth of gaming accessories segment to further strengthen the gaming industry. As per reports, the gaming accessories market is expected to reach a CAGR of 9.5% during the forecast period of 2021 – 2026. From desktops, PCs to keyboards, mice and headsets, it would be apt to say that the rapid growth in e-sports has augmented the need for advanced gaming peripherals not just globally but in India as well.
ASUS has been a forerunner in the industry, offering a diverse range of gaming products to boost the experience of the community. Further, our gaming division ROG has grown to become a community of millions, comprising of core gamers, esports gamers, ACG culture followers and gaming lifestyle trendsetters. In order to meet the emerging requirement of this expanding user base, our products are designed to keep the need of our consumers as core, with an aim to uplift their overall experience while gaming. ASUS offers accessories in almost every category ranging from gaming keyboards, mice, headsets, gamepads to even gaming backpacks, chairs, and apparel. We strive to develop peripherals from gamers’ perspective through extensive research and fine-tuning, ensuring they match the global standards and are fully capable of solving gamers’ pain points.
As a brand that keeps pushing its own boundaries of innovation, we look to constantly revamp our core technology and enhance the whole gaming ecosystem. R&D has been an integral part of our innovation, playing a key role in studying core technology and utilizing them to develop components. This year, we are collaborating with the global esports team Misfits Gaming Group (MGG) as its official audio partner and supporting them with ROG’s industry-leading gaming headsets. We also look at bringing daily essential gaming gear such as backpacks, T-shirts for the advanced experience of our users.
As a leading gaming brand, we have spent years in understanding the dynamics of the industry and will continue to analyze upcoming trends and requirements to further strengthen our peripheral segment, empowering the gamers to use our innovation to give their best.”
Do leave your thoughts on the Gaming Accessories Market and its growth; also, comment on your favourite brand you prefer the most!
