360iResearch’s Exclusive Report: Gaming Hardware Market Set to Reach $277.08 Billion by 2030

The gaming hardware market is expected to grow from $152 billion in 2023 to $277 billion by 2030, driven by factors such as the popularity of esports, higher disposable incomes, and technological advancements in VR and AR.

The gaming hardware market is expected to experience significant growth over the forecast period, presenting numerous investment opportunities.
The increasing popularity of esports and the demand for immersive gaming experiences are driving the growth of the gaming hardware industry.
Technological advancements, particularly in virtual and augmented reality, are creating opportunities for collaboration between hardware manufacturers and game developers.

360iResearch.com has released a comprehensive report titled “Gaming Hardware Market by Product (Dedicated Gaming Console, Dedicated Personal Computers/Laptops/Tablets, Gaming Router), Form Factor (All-in-One, Desktop, Small Form Factor), User Type, End-User – Global Forecast 2024-2030.” According to the analysis, the gaming hardware market is expected to grow from $152.00 billion in 2023 to $277.08 billion by 2030, with a compound annual growth rate (CAGR) of 8.95% over the forecast period.

The gaming hardware industry is currently experiencing remarkable growth on a global scale. This growth can be attributed to the widespread use of consoles, specialized gaming PCs, and a wide range of peripherals, including keyboards, mice, headsets, and virtual and Augmented Reality devices. The increasing popularity of esports, higher disposable incomes, and a desire for more immersive gaming experiences are driving this growth. However, challenges such as high development costs for advanced gaming hardware and the rise of cloud gaming should not be overlooked.

Technological advancements, particularly in virtual reality (VR) and augmented reality (AR), along with collaborations between hardware manufacturers and game developers, are creating significant investment opportunities in professional-grade gaming hardware. The North American market, specifically the United States and Canada, is leading this expansion due to high technology adoption rates and the presence of key industry players. South America and parts of Europe are also experiencing growth driven by esports and the demand for immersive gaming experiences. The Middle East and Africa are emerging markets with increasing demands due to their young, tech-savvy population and urbanization. Asia, particularly China, Japan, South Korea, and India, is known for its robust local manufacturing and innovation.

The surge in multiplayer gaming is a significant driver behind the demand for advanced gaming hardware. With an increasing number of households engaging in social and multiplayer gaming, the industry is investing heavily in delivering immersive experiences. Gamers now prioritize powerful personal computers with multi-core CPUs, high-refresh-rate monitors, and peripherals designed for competitive play. High-quality audio solutions for effective in-game communication are also crucial. As a result, there is a growing demand for gaming hardware that meets these requirements and provides seamless experiences for the global gaming community.

The dynamics of gaming hardware are evolving to meet the diverse needs of gamers at all levels. Enthusiasts seek high-performance hardware with precision, programmable capacities, durability, and support for superior refresh rates and response times. Beginners prioritize accessibility and affordability, while intermediate gamers look for hardware that balances performance and cost efficiency. This diverse range of needs presents numerous opportunities for manufacturers and developers to innovate and cater to the evolving demands of the gaming community.

Sony Corporation holds a strong market share of 16.54% in the gaming hardware market, making it a key player alongside Nintendo Co., Ltd., Microsoft Corporation, Dell Technologies Inc., ASUSTeK Computer Inc., and others. These players employ various strategies such as expansions, acquisitions, joint ventures, and product development to strengthen their positions in the market.

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For more information on the report and to make a purchase, visit this page.

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Background Information

About Dell:

Dell is a globally technology leader providing comprehensive solutions in the field of hardware, software, and services. for its customizable computers and enterprise solutions, Dell offers a diverse range of laptops, desktops, servers, and networking equipment. With a commitment to innovation and customer satisfaction, Dell caters to a wide range of consumer and business needs, making it a important player in the tech industry.

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About Microsoft:

Microsoft, founded by Bill Gates and Paul Allen in 1975 in Redmond, Washington, USA, is a technology giant known for its wide range of software products, including the Windows operating system, Office productivity suite, and cloud services like Azure. Microsoft also manufactures hardware, such as the Surface line of laptops and tablets, Xbox gaming consoles, and accessories.

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About Nintendo:

Nintendo, a important Japanese multinational consumer electronics and video game company, has left an indelible mark on the gaming landscape. Established in 1889, Nintendo has evolved from producing playing cards to becoming a gaming giant that has introduced some of the most beloved and enduring franchises in the industry, including Mario, Zelda, and Pokémon. With a rich history of innovation, Nintendo has consistently pushed boundaries, leading to the creation of iconic gaming consoles like the Nintendo Switch, which offers a unique hybrid gaming experience.

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About Sony:

Sony Corporation, a global conglomerate for its diverse range of innovative consumer electronics and entertainment products, has also made significant strides in the realm of computer products. Leveraging its expertise in engineering and technology, Sony has introduced laptops, tablets, and accessories that blend sleek design with robust performance. These computer products bear the hallmark of Sony's commitment to quality and innovation, catering to both casual users and professionals seeking powerful computing solutions. With a history of pushing technological boundaries, Sony's computer products showcase its dedication to creating devices that seamlessly integrate into modern lifestyle