According to the industry analysis report titled ‘Global Gaming Peripheral Market (2021 Edition) - Analysis by Product Type (Headsets, Keyboards, Joysticks, Mice, Gamepads Controllers, Others), Device Type, Distribution Channel, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’ available with MarketStudyReport, global gaming peripheral market, which generated revenues worth USD 4270.00 million in 2020, is estimated to expand substantially during 2021-2026.

The growing population of active video-gamer and rising trend of gaming as a profession are the key factors driving the growth of the global gaming peripheral market.

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Gamers are found to have been spending heavily on gaming consoles and peripherals owing to the rapid development in social apps as well as the rising admiration of e-sports and numerous gaming tournaments are further helping gamers to enhance their gaming skills, which in turn is aiding towards the market expansion. 

The global gaming peripheral market is fragmented in terms of product type, device type, technology, distribution channel, and regional landscape. Based on product type the market is segmented into joysticks, gamepad controllers, headsets, mice, keyboards, and others.

Moving on to device type, the market is segmented into PC (laptop/desktop) and gaming consoles. Out of these, the gaming consoles segment is estimated to expand at a robust CAGR through 2026, owing to the availability of user-friendly and multi-functional gaming consoles.

As per technology type, the market is bifurcated into wired and wireless segments. By distribution channel scope, the market is divided on the basis of online and offline segments.

Geographically, Americas is estimated to hold the largest share in global gaming peripheral market over the forecast timeline, on account of the rising popularity of multiplayer video games, increasing emergence of gaming peripherals, and surging demand for advanced peripherals.

The leading companies operating in the global gaming peripherals industry vertical include Sennheiser Electronic GmbH & Co. KG, Guillemot Corporation S.A., Cherry GmbH, Razer Inc., Plantronics, Inc., Turtle Beach Corporation, Shenzhen Rapoo Technology Co., Ltd., Alienware, Corsair Components Inc., Logitech International S.A., SteelSeries, Thermaltake technology co., Ltd., Madcatz Global Limited, and Sharkoon Technologies.