Gaming hardware
includes a wide range of devices which are used to enhance the gaming
experience. This includes high end HD display TV’s, high graphic
PC’s, smartphones, coupled with a variegated range of accessories
such as gaming consoles, VR glasses, etc. These devices significantly
enables the user to experience realistic representation of players
and environment during gameplay. Moreover, innovative technologies
such as 3D gaming and interactive glasses are further enhancing the
experience and also driving constant innovation in the gaming
hardware world.
The global demand
for gaming hardware is expected to expand with a faster growth rate
compared to demand for general PC hardware, and the global gaming
hardware market is henceforth, anticipated to expand with an
impressive CAGR over the forecast period.
Global Gaming
Hardware Market: Drivers and Restraints
The prime factor
driving the growth in the global gaming hardware market is the
increasing expenditure by gamers on advanced next generation gaming
consoles. Moreover, the advent of high definition TV’s and high
graphic PC’s and laptops is another factor fuelling more demand for
gaming hardware. This coupled with an increase in number of AAA games
requiring high computing and display power, will further fuel the
gaming hardware market. Increasing demand for VR is set to drive
revenues in the global gaming hardware market, as gamers are showing
high inclination towards games which have superfast frame speeds.
Furthermore, with increasing internet penetration and the advent of
Internet of Things (IoT), a large number of advanced multiplayer
games is creating new enthusiasm is gamers to opt for high end
consoles and peripherals. With a large number of gamers still stuck
to PC gaming, regular hardware consoles are a reality, as these users
shows high inclination towards technology updates, thus driving
continuous revenues in the global gaming hardware market.
A recent shift of
casual gamers towards mobile phones and tablets, might affect the
revenues in the global gaming hardware market, as they shift from
high end PC’s and consoles
Global Gaming
Hardware Market: Segmentation
The global gaming
hardware market is segmented:
On the basis of
hardware type,
Gaming Platform
PC
TV
Smart Phones/Tablets
gaming
Accessories
Peripherals
Consoles
TV Gaming Consoles
Handheld Gaming
Consoles
Android Gaming
Consoles
Others
Handhelds
VR Glass
Others
On the basis of
distribution channel,
OEM
Aftermarket
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Global Gaming
Hardware Market: Regional Outlook
The Global gaming
hardware market is segmented into the seven key regions: North
America, Latin America, Western Europe, and Eastern Europe, Asia
Pacific Excluding Japan (APEJ), Japan and Middle East and Africa
(MEA). APEJ is expected to dominate the global demand for gaming
hardware throughout the forecast period, followed by North America
and Western Europe. In APEJ a prominent share of demand is
anticipated to come from China, followed by South Korea. However,
Japan is also anticipated to account a significant market share for
gaming hardware over the forecast period. Western Europe and North
America are anticipated to execute a sluggish growth in demand for
gaming hardware. Increasing penetration of PC and Consoles in Latin
America is expected to translate into a significantly higher growth
rate over the forecast period. Moreover, Eastern Europe and Middle
East and Africa are also anticipated to execute a prominent CAGR over
the forecast period compared to the matured markets of North America
and Western Europe.
Global Gaming
Hardware Market: Key Players
Some of the key
players identified in the global gaming hardware market include:
Sony Corporation
Microsoft
Corporation
Nintendo
NVIDIA
Mad Catz
Ouya
Tommo
Linden Research,
Inc.
Activision Blizzard,
Inc.
Sega Games Co., Ltd.
Oculus VR, LLC
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