LONDON, Oct. 26, 2022 /PRNewswire/ — Total client spend on video games peripherals stood at $8.2bn in 2021, in keeping with the findings from Omdia’s first Games Peripherals Forecast. After standing at simply $6.3bn and $6.4bn in 2018 and 2019 respectively, peripherals revenue exploded throughout lockdown, rising 23% in 2020 alone as customers sought to enhance their house leisure choices.
The flip aspect of this COVID-related progress is that revenue will fall by 13% 12 months on 12 months in 2022 as twin components take impact – a correction from the brand new gaming patterns initiated by lockdowns and a normal tightening of spend from customers uncovered to larger macroeconomic pressures than earlier than. Yet peripherals stay on a brand new, increased progress path, with revenue as of 2027 forecast to hit $8.5bn. Gamepads are the biggest contributors to peripherals spend, accounting for 45% of the entire in 2022.
“Spend on games peripherals rose more or less in lockstep with the huge increase in games content spend in 2020, as gamers sought to optimize their console and PC games playing with high-end accessories, while new consumers picked up a gaming habit and increased the total addressable market,” commented Dom Tait, Research Director of Omdia’s Games workforce. “On top of strong performances for console gamepads, accessory manufacturing companies like Turtle Beach, Razer, and Logitech were also major beneficiaries.”
“By contrast, 2022 has seen peripherals revenue disproportionately affected by cost-of-living pressures: it’s set to fall 13% compared with the 4% forecast dip in games content spend as consumers feel more able to delay the purchase of new peripherals than miss out on games themselves. Nevertheless, lockdown spending has placed the peripherals market in a more positive position than pre-pandemic, while the recently announced $199 price point for Playstation’s DualSense Edge wireless controller demonstrates the confidence that manufacturers retain in the top end of the market.”
The Games Peripherals Market Database covers the US, Canada, France, Germany, Italy, Spain, UK, China, Japan, and South Korea. Each territory comprises splits for gamepads, headsets, keyboards, mice, and different sorts of peripherals comparable to gamer chairs and steering wheels protecting between 2018 to 2027 inclusive.
Omdia, a part of Informa Tech, is a know-how analysis and advisory group. Our deep information of tech markets mixed with our actionable insights empower organizations to make good progress choices.
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