Games Peripherals Become a $10 Billion Market

The global market for games peripherals and accessories surpassed $10 billion in 2023, with forecasts predicting an expansion to nearly $12 billion by 2029, representing a 2.9% compound annual growth rate from 2024. This growth is primarily fueled by robust consumer demand for premium accessories, exemplified by products like the PlayStation DualSense controller, even as consumers show resistance to rising game software prices.

In 2023, gamepads represented the largest segment of this market, accounting for 44.3% of total revenue, a share expected to remain consistent through the forecast period. Other substantial categories include headsets, keyboards, and mice. However, the "Other peripherals" category, encompassing high-value items such as gaming chairs, steering wheels, and mobile controllers, is projected to exhibit the most significant growth.

This "Other" category is anticipated to surpass the revenue generated by Microsoft gamepads by 2029, driven by enhancements in mobile and cloud gaming experiences that increase the utility and demand for specialized mobile controllers and related accessories. The analysis covers the global market, focusing on various hardware segments within the gaming peripherals industry from 2023 to 2029.