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.
Gamepads, joysticks, throttle quadrants, paddles, yokes, pedals, consoles, mice, trackballs, touchscreens, breathing controllers, and movement detectors are a few examples of the various types of gaming controllers. These controllers can be used for sophisticated TV and online gaming.Some of these controllers are expressly designed for certain categories of games. Dance pads or direction wheels, for instance, are utilised for games that require movement. The usefulness of the controller and the multiplayer options are two important advantages of gaming controllers.
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Key Takeaways from Market Study:
• The gaming controller market is anticipated to add 2.5X value by 2031.
• Hands-free and wireless gaming controllers capture a major chunk, equivalent to three-fourth of the global market share, and are set to create an absolute $ opportunity of around US$ 700 Mn over 2021-2031.
• The market in Germany, China, and the U.S. is expected to rise at around 7% CAGR each through 2031.
• Due to the COVID-19 crisis, demand for hands-free gaming controllers has shown a steep rise in the 3rd and 4th quarters of 2020-2021.
• With the havoc of COVID-19, entertainment at home is by all accounts the choice for gamers during lockdowns.
• Further, arrival of 5G and limitless data packs are expected to be key components towards the accomplishment of cloud gaming across the globe, as most gamers today are usually preferring playing games on cell phones.
Competitive Landscape:
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.
Key Companies Profiled:
- Bensussen Deutsch & Associates, LLC.
- dreamGEAR
- HORI USA
- Logitech
- Mad Catz Global Ltd.
- Microsoft
- Nintendo
- Performance Designed Products LLC
- Razor Inc.
Key Market Segments Covered:
- Product
- Gamepads
- Gaming Paddles
- Gaming Joysticks
- Gaming Trackballs
- Gaming Throttle Quadrants
- Gaming Steering Wheels
- Gaming Light Guns
- Gaming Yokes
- Others
- Compatibility
- for PCs
- for Consoles
- for Mobiles
- Connectivity
- Wired
- Wireless
- End User
- Personal
- Commercial
- Price Range
- Low-priced
- Medium-priced
- High-priced
- Distribution Channel
- s Available through Offline Channels
- s Available through Online Channels
- Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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How will be insights and market estimations provided in the Fact.MR report on the Demand Gaming Controller make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
- Evaluates the role of various stages of funding on new growth avenues in key regional markets
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