Gaming Controller Market
Gaming Controller Market By Product Type (Paddle, Joystick, Yoke), By Compatibility (PC, Console, Mobile), By Connectivity (Wired, Wireless), By Price Range (Low, Medium, High), By End User (Personal, Commercial), By Distribution Channel (Online, Offline)- Global Market Insights 2021 to 2031
About the Report
The global gaming controller market is poised to expand at a CAGR of around 7% over the next ten years (2021 to 2031). Innovation and advancements in controllers will be key growth factors for market players.
There are different kinds of gaming controllers - gamepads, joysticks, throttle quadrants, paddles, yokes, pedals, consoles, mice, trackballs, touchscreens, breathing controllers, and movement detecting. These controllers can be utilized in savvy TV- and web-based games.
A portion of these controllers are explicitly intended for specific kinds of games. For example, dance pads are used for motion gaming or directing wheels for driving games. Significant benefits of gaming controllers include the controller’s helpful nature and multiplayer choices.
Foremost objective of the report by Fact.MR on gaming controllers is to pitch insights on the market scenario, demand generators, and technological advancements in this space. The report provides a taxonomy elaborating on key segments.
The report also outlines visionary insights on the dynamics of the market, including drivers, restraints, opportunities, trends and pricing analysis, along with key success factors. Market trends have been tracked in 20+ high-growth countries, pointing towards countries in North America, Europe, and East Asia holding bulk of the market share.
Historical Trends Vs. Future Market Projections
From 2016 to 2020, the market exhibited a moderate CAGR of around 4%, with usage of gaming controllers in various end-use sectors playing a major role in driving demand. E-sports and online gaming are urging numerous buyers to buy gaming controllers. E-sport games such as FIFA 19, Street Fighter V, Super Smash Bros, and others are profoundly famous throughout the world, which impacts video gamers to play seriously.
Besides, online media forums such as Twitch and YouTube have become special stages for E-sports rivalries, which increments mindfulness among the crowd. However, in FY2020, because of the COVID-19 pandemic, market development plunged, attributable to request constriction.
Owing to these factors, demand for gamepads over the long-term forecast period can be estimated by breaking the forecast timeline into three parts:
- Short-run: Recovery growth is set to be observed over this term.
- Medium-run: Demand will sharply rise for hands-free gaming controllers.
- Long-run: Economic cycles and inflation rates to affect demand and pricing of the product.
All in all, the gaming controller industry is to expand at a moderate rate of around 7% through 2031, providing a promising stance for investors in the market.
Significant expense is one of the components that may prevent the development of the market, globally. This prompts expanding appropriation of fake gaming supports among gamers because of rising accessibility on the lookout. Absence of mindfulness among purchasers in regards to gaming controller brands and nature of the items can be a significant restriction for the development of the market, as individuals choose items with similar contributions, which are accessible at low costs.
Which Primary Applications Generate High Demand for Gaming Controllers?
Mobile gaming has surged in the recent years. There were in excess of 200 million mobile game players a year ago in the U.S. alone. This developing interest for mobile games is an immediate aftereffect of the numerous mechanical headways on the lookout, such as AR, VR, and cloud gaming.
Additionally, tech giants making games for consoles and PC's are likewise delivering their games in Mobile rendition inferable from the expanding mobile games market. The most profoundly held up mobile game of 2019 was the Call of Duty: Mobile. The establishment at last made its progress into mobile gaming, and the outcomes were likewise very acceptable.
Which Region Offers Great Potential for Gaming Controllers?
Asia Pacific is expected to hold a largest chunk of the pie in the gaming business, where nations such as China, Japan, and South Korea show high potential in market development. Chinese undertakings are prepared to accept business openings brought by worldwide digitalization because of ascent in the computerized environment.
Why is the U.S. a Huge Market for Gaming Controllers?
The U.S. is the significant player in the development of gaming controllers. Console proprietors consistently look quick to redesign with the future. New consoles may offer a higher edge rate and progressed visuals to pull in clients in the coming future.
Likewise, the presentation of new consoles with remote availability will give another pattern to the gaming console market in the U.S. Dispatch of new gaming content with high realistic necessities is driving the market. Console gaming is in the progress to on-request realistic substance, and this change has effectively started in the U.S.
What Makes China the Growth Epicentre for Gaming Controllers?
Towards the year end of 2020, the public authority of Beijing, the nation's capital and home to excess of 20 million individuals, reported its arrangement to turn it into the global capital of online games, as early as 2025. The essential arrangement is to make a technique that is worked around a lovely forceful income focus, with the government included.
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Which Gaming Controller Technology Accounts for Highest Demand?
Custom-made balance boards are in effect exceptionally plugged for keeping visitors truly dynamic by utilizing their body as the key communication component. Notwithstanding, makers need to remember different issues, for example, capricious daylight conditions, tallness, and weight scope of people to fabricate custom-made balance boards.
Quick development of the gaming area everywhere in the world is boosting the use of gaming controllers among individuals. A few organisations have dispatched exceptionally characterized controllers, which acquire consideration of gamers and help in driving interests for creative gaming reassures.
Expanding interest for gaming supports dependent on cutting-edge remote advancements, for example, Wi-Fi and Bluetooth 5.0, is expected to drive the development of the gaming controller market across the globe. Gamers are killing the utilization of wired embellishments and embracing advance consoles to upgrade the general gaming experience. Furthermore, prevalence of 3D gaming among gamers is moving the development of the gaming controller market.
Hence, game control suppliers are innovating hands-free gaming controllers to address issues faced by users. Companies are increasing focus to produce custom-built balance boards and digital flooring solutions to introduce novelty in the market landscape. Such hands-free gaming solutions are acquiring popularity on cruise ships and entertainment zones in malls.
How Has COVID-19 Impacted Sales of Gaming Controllers?
Natural disasters and pandemics such as the recent COVID-19 are unforeseen and have affected all economies across the globe. COVID-19 has also resulted in impacting the demand for gaming controllers, backed by the imposition of lockdowns and drop in demand.
Moreover, decreased demand and fluctuating industrial output have negatively impacted the market, which is extremely fragmented in nature. In addition to this, it is anticipated that, industrial output will rekindle its previous size by the third quarter of 2021, and so will demand for gaming trackballs, gaming lightguns, gaming joysticks, etc., during the forecast period.
What is Pricing Equilibrium in the Gaming Controller Space?
Gaming controller prices have been steadily increasing over the past half-decade. Key players present in regions such as Asia Pacific and North America are seen as major contributors to market growth.
Apart from the above-mentioned factors, foreign trade tariffs amongst powerful economies have played a major governing role in deciding the global average prices of gaming controllers. Therefore, prices of gaming controllers are expected to increase at a nominal inflation.
Aforementioned players rely on a blend of organic and inorganic strategies to deepen their penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions, and strengthening of regional and global distribution networks.
Similarly, recent developments related to top brands in gaming controllers have been tracked by the team at Fact.MR, which are available in the full report.
An Adaptive Approach to Modern-day Research Needs
Historical Data Available
US$ Mn for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Available upon Request
Key Market Segments Covered
- Gaming Paddles
- Gaming Joysticks
- Gaming Trackballs
- Gaming Throttle Quadrants
- Gaming Steering Wheels
- Gaming Light Guns
- Gaming Yokes
- Gaming Controllers for PCs
- Gaming Controllers for Consoles
- Gaming Controllers for Mobiles
- Wired Gaming Controllers
- Wireless Gaming Controllers
- Personal Gaming Controllers
- Commercial Gaming Controllers
- Low-priced Gaming Controllers
- Medium-priced Gaming Controllers
- High-priced Gaming Controllers
- Gaming Controllers Available through Offline Channels
- Gaming Controllers Available through Online Channels
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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