Gaming Controller Market Overview, Growth, Trends, Analysis, Research Report (2020-2030)

The gaming controller market size is projected to reach US$ 4.50 billion by 2030 from US$ 2.33 billion in 2022. The market is expected to register a CAGR of 8.5% during 2022–2030. The consumer demand for personalized gaming controllers is likely to remain a key trend in the market.

Gaming Controller Market Analysis

The rising number of professional gamers is expected to provide opportunities for the growth of the gaming controller market. The demand for controllers with advanced features, customization options, and durability has increased as esports continue to thrive, influencing both casual and competitive gamers. Manufacturers are responding to these trends by developing controllers that meet the specific needs of professional gamers, further contributing to the growing gaming controller market size.

Gaming Controller Market Overview

Gaming controllers are input devices designed for interactive gameplay, providing users with a physical interface to interact with video games. These devices offer a wide range of functionalities, including buttons, triggers, analog sticks, and sometimes motion sensors, to translate player inputs into in-game actions. Gaming controllers provide precise control over in-game characters and actions. Players can navigate virtual environments with accuracy, execute complex maneuvers, and engage in precise aiming or targeting. Gaming controllers are compatible with multiple gaming platforms. Users can use the same controller across various devices, such as gaming consoles, PCs, and mobile devices, providing flexibility and convenience. Controllers enhance the immersive gaming experience. Haptic feedback, motion controls, and responsive buttons contribute to a more engaging and realistic gaming experience, making players feel connected to the virtual world. Many gaming controllers offer customization options, such as allowing players to tailor the controller settings to match their preferences, adjusting sensitivity, button mapping, and other features for a personalized gaming experience. There are specialized controllers designed for specific gaming genres. For example, flight sticks are used for flight simulation games, and racing wheels are used for racing games. These specialized controllers enhance the gaming experience within their respective genres. Also, ergonomic designs ensure comfort during extended gaming sessions, reducing fatigue and enhancing the overall gaming experience.

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Gaming Controller Market Drivers and Opportunities

Rapid Expansion of the Gaming Sector to Favor the Market

The rapid growth of the gaming sector drives the gaming controller market. With technology advancing rapidly, customers can expect further innovations in the gaming sector. Industry experts predict increased integration of virtual reality (VR) and augmented reality (AR) technologies in game controllers, providing gamers with even more immersive experiences. The proliferation of gaming platforms, including consoles, PCs, and mobile devices, has significantly expanded the gaming audience. Each platform may have its unique controller requirements, leading to a diverse market for controllers that cater to different gaming ecosystems. Cloud gaming services, such as Microsoft xCloud, Google Stadia, and NVIDIA GeForce Now, allow gamers to stream games without the need for high-end hardware. This shift has led to the development of controllers with features optimized for cloud gaming, emphasizing low latency and seamless connectivity. Also, the gaming sector has witnessed a surge in engagement, with more people participating in esports, live streaming, and competitive gaming. This heightened engagement creates a demand for high-performance controllers that offer precision, customization, and durability, meeting the needs of serious gamers. The gaming industry has transcended age and gender boundaries, attracting a diverse audience. As gaming becomes more inclusive, the demand for controllers with user-friendly designs, accessible features, and ergonomic considerations increases to cater to a broad range of players. Thus, the rapid expansion of the gaming sector, coupled with the diverse needs of gamers across different platforms and gaming styles, is propelling the gaming controller market growth.

Developing New Innovative Product

Market players are engaged in developing new innovative gaming controllers to attract customers across the globe. For instance, Evo Gameware, a Colombian startup company, introduces the Hex Evo, a unique left-handed gaming controller that enhances the videogame player's experience. It enables players to completely replace the keyboard and play using a mouse-and-controller gaming setup over a traditional mouse-and-keyboard setup. Hex Evo offers console and PC gamers the benefits of mouse aim and controller movement while playing with a device that is considerably more intuitive and ergonomic than a keyboard. Thus, the growing demand for new innovative products among gamers is creating opportunities in the market.

Gaming Controller Market Report Segmentation Analysis

Key segments that contributed to the derivation of the gaming controller market analysis are product type, compatibility, connectivity, distribution channel, and end use.

• Based on product type, the gaming controller market is divided into gamepad, joystick, trackball, steering wheel, throttle quadrant, and others. The gamepad segment held a larger market share in 2022.
• By compatibility, the market is segmented into PCs, consoles, and mobile. The PC segment is expected to grow during the forecast period.
• In terms of connectivity, the gaming controller market is divided into wired and wireless. The wireless segment is expected to grow during the forecast period.
• Based on distribution channels, the market is bifurcated into offline and online. The online segment is expected to grow during the forecast period.
• based on end use, the market is divided into personal and commercial. The personal segment held a larger market share in 2022.

Gaming Controller Market Share Analysis by Geography

The geographic scope of the gaming controller market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The online gaming industry in APAC has experienced a metamorphosis, evolving into an economic powerhouse with increasingly noteworthy influence. Both mobile and PC gamers are emerging as top players in global scenarios, and gamers are even earning through streaming and content creation within the segment. However, Asian gamers are not merely confining their gaming skills to fun and content creation; they are also pursuing gaming as a legitimate career path. A recent study on the Indian gaming landscape conducted by HP revealed that nearly half of professional gamers are generating significant income by pursuing their passion for gaming. The study included 3,500 respondents, including 500 parents, from 15 Tier-1 and Tier-2 cities across India. Among the participants, 70% were PC users, and 30% were mobile gamers.

Additionally, the demographic breakdown revealed that 75% of the respondents were male, while 25% were female. Also, various companies are launching new gaming controllers in APAC. Therefore, the gaming controller market is growing significantly in APAC.

Gaming Controller Market Regional Insights

The regional trends and factors influencing the Gaming Controller Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Gaming Controller Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Gaming Controller Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Gaming Controller Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Gaming Controller Market are:

1. Guillemot Corp SA
2. Microsoft Corp
3. Logitech International SA
4. Corsair Gaming Inc
5. ACCO Brands Corp
6. Mad Catz Global Ltd

Disclaimer: The companies listed above are not ranked in any particular order.

Gaming Controller Market News and Recent Developments

The gaming controller market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the gaming controller market are listed below:

• Samsung announced the launch of its first "Designed for Gaming Center" game controller at CES 2024. Similarly, in October 2023, SCUF Gaming announced the launch of its groundbreaking new line of PC controllers, SCUF Envision. These are designed specifically for PC gamers. SCUF Envision redefines the PC gaming experience with its unprecedented customization and cutting-edge technology. Such instances show that the gaming controller market is growing significantly. (Source: Logitech G, Company Website, January 2024)
• Logitech G, a brand of Logitech, launched the Logitech G Adaptive Gaming Kit for the Access controller for PS5. The company partnered with Sony to deliver the new product, which is an official accessory kit. The product provides gamers with accessibility needs with an assortment of additional robust, high-performance buttons and triggers. (Source: Logitech G, Company Website, October 2023)
• Microsoft Corp announced the launch of its new core gamepad, codenamed Sebile, gamepad, which will be launched in May 2024. It will be available at US$ 70, and the product is inspired by Sony's DualSense, Valve's Steam Controller, and Google Stadia. (Source: Microsoft Corp, Company Website, September 2023)

Gaming Controller Market Report Coverage and Deliverables

The “Gaming Controller Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• Gaming controller market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Gaming controller market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Gaming controller market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the gaming controller market
• Detailed company profiles