PR98494

LONDON, Oct. 26, 2022 /PRNewswire=KYODO JBN/ --

Total consumer spend on games peripherals stood at $8.2bn in 2021, according to

the findings from Omdia's first Games Peripherals Forecast (

https://omdia.tech.informa.com/OM026463/Games-Peripherals-Market-Database ).

After standing at just $6.3bn and $6.4bn in 2018 and 2019 respectively,

peripherals revenue exploded during lockdown, rising 23% in 2020 alone as

consumers sought to improve their home entertainment options.

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https://mma.prnewswire.com/media/1929266/Global_games_peripherals_revenue__2018_27_bn_Infographic.jpg

The flip side of this COVID-related growth is that revenue will fall by 13%

year on year in 2022 as twin factors take effect – a correction from the new

gaming patterns initiated by lockdowns and a general tightening of spend from

consumers exposed to greater macroeconomic pressures than before. Yet

peripherals remain on a new, higher growth path, with revenue as of 2027

forecast to hit $8.5bn. Gamepads are the largest contributors to peripherals

spend, accounting for 45% of the total 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 team (

https://omdia.tech.informa.com/authors/dom-tait ). "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 contains splits

for gamepads, headsets, keyboards, mice, and other types of peripherals such as

gamer chairs and steering wheels covering between 2018 to 2027 inclusive.

ABOUT OMDIA

Omdia, part of Informa Tech, is a technology research and advisory group. Our

deep knowledge of tech markets combined with our actionable insights empower

organizations to make smart growth decisions.

Media Contact

Fasiha Khan / T: +44 7503 666806 / E: fasiha.khan@omdia.com

Visit www.omdia.com　

SOURCE Omdia