Technological Advancement to Drive Gaming Controller Market Growth

According to our latest study on "Gaming Controller Market Size and Forecast (2020-2030), Global and Regional Share, Trend, and Growth Opportunity Analysis - by Product Type, Compatibility, Connectivity, Distribution Channel, and End-Use," the market was valued at US$ 2.33 billion in 2022 and is expected to reach US$ 4.50 billion by 2030. The gaming controller market is estimated to record a CAGR of 8.5% from 2022 to 2030.

The report includes growth prospects in light of current gaming controller market trends and driving factors influencing the market growth. Manufacturers are continuously innovating in controller technology. For instance, haptic feedback, adaptive triggers, motion sensors, and touch-sensitive surfaces are integrated into modern controllers, enhancing the gaming experience. These innovations attract consumers seeking cutting-edge technology in their gaming peripherals. One of the key advancements in game controller engineering is the enhanced precision offered to gamers. Precision is crucial in gaming as it can significantly impact gameplay and overall user experience. Advanced technologies such as haptic feedback and adaptive triggers are now being integrated into controllers to provide gamers with a more realistic touch and feel while playing. These features enable precise control over in-game actions, giving gamers a competitive edge. Haptic feedback and adaptive triggers offer enhanced precision in game controllers. Precise control over in-game actions gives gamers a competitive edge. Realistic touch elevates the overall gaming experience. Also, wireless connectivity has become a standard feature in modern gaming controllers, eliminating the hassle of tangled wires. This advancement not only provides freedom of movement but also enables seamless integration with multiple gaming platforms. Many controllers utilize Bluetooth technology, allowing players to connect wirelessly to gaming consoles, mobile devices, and PCs. Wireless controllers are designed to minimize input lag and latency, ensuring a seamless gaming experience. Controllers offer extended wireless range, enabling players to immerse themselves in gameplay from a distance. Wireless connectivity has redefined how players interact with games, providing convenience and flexibility like never before. Therefore, technological advancements fuel the gaming controller market growth.

Gaming Controller Market - by Region, 2022 and 2030

Source: The Insight Partners Analysis

North America comprises countries such as the US, Canada, and Mexico. The US holds the largest gaming controller market share in North America. The video game sector is one of the fastest-growing industries in North America. According to the American Gaming Association, the US gaming industry supported US$ 329 billion in total economic output, with 1.8 million jobs and US$ 53 billion in tax revenue in 2022. The gaming industry directly employed almost 709,000 people in the US, with US$ 31.0 billion in wages, salaries, tips, and benefits. This includes ~597,000 jobs on-site at casinos and corporate offices, ~89,000 jobs at businesses serving casino patrons during casino trips or involved in casino construction and renovations, and more than 23,000 jobs at gaming equipment manufacturers. Thus, with the growing gaming industry, the demand for gaming controllers is also increasing in North America.

Various companies are taking initiatives, such as partnerships and product launches. For instance, in August 2023, Turtle Beach Corporation announced the launch of a hyper-portable Turtle Beach Atom Mobile Game Controller to iPhone users in September. The Atom Controller is a portable and compact mobile gaming controller with a unique two-piece design. Also, in October 2023, SCUF Gaming announced the launch of its groundbreaking new line of PC controllers, SCUF Envision. These controllers are designed specifically for PC gamers. SCUF Envision redefines the PC gaming experience with unprecedented customization and cutting-edge technology. Therefore, with the growing initiatives in North America, the demand for gaming controllers is increasing.

Based on compatibility, the gaming controller market is segmented into PCs, console, and mobile. The PCs segment held the largest gaming controller market share in 2022. Gaming controllers are generally compatible with PCs, offering a versatile gaming experience on computers. Most controllers can be plugged directly into USB ports on the PC for a straightforward wired connection. Wireless gaming controllers often connect to a PC via Bluetooth or proprietary wireless adapters. Various companies are offering different types of controllers for PCs. For example, in October 2023, SCUF Gaming announced the launch of its groundbreaking new line of PC controllers, SCUF Envision. These controllers are designed specifically for PC gamers. SCUF Envision controllers redefine the PC gaming experience with their unprecedented customization and cutting-edge technology. Several companies are designing gaming controllers to be compatible with specific gaming consoles, and compatibility can vary depending on the manufacturer and model of the controller. Each gaming console typically has its proprietary controller, but some third-party controllers aim for cross-platform compatibility. Several companies are launching gaming controllers for consoles. For example, in January 2023, the Japanese company Sony unveiled a customizable accessibility controller kit for PS5 at the Consumer Electronics Show (CES) 2023. Similarly, in September 2023, Microsoft announced its plan to refresh its Xbox Series X console in 2024 with an all-new design and features with a new controller.

Gaming Controller Market Report Segmentation and Scope:

The gaming controller market analysis has been carried out by considering the following segments: technology, application, and geography. Based on product type, the market is segmented into gamepad, joystick, trackball, steering wheel, throttle quadrant, and others. Based on compatibility, the market is divided into PCs, console, and mobile. Based on connectivity, the market is divided into wired and wireless. Based on distribution channel, the gaming controller market is segmented into online and offline. Based on end use, the market is segmented into personal and commercial. Based on geography, the gaming controller market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Guillemot Corp SA, Microsoft Corp, Logitech International SA, Corsair Gaming Inc, ACCO Brands Corp, Mad Catz Global Ltd, Sabrent, Sony Group Corp, Razer Inc, and Nintendo Co Ltd are among the prominent players profiled in the gaming controller market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The gaming controller market forecast can help stakeholders plan their growth strategies.

Gaming Controller Market Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the gaming controller market. A few recent key market developments, as per the company press releases, are listed below:

In 2023, Nintendo and DeNA teamed up to strengthen the digitalization of Nintendo's business. The partnership, which began in 2015, focuses on research, development, and value-added services that strengthen Nintendo's relationship with consumers. The joint venture became a Specified Subsidiary of Nintendo, with Nintendo having a capital of over 10%. Nintendo has been working with DeNA since 2015, focusing on its Nintendo Account system. The partnership aims to advance Nintendo's expertise and codevelop multiple services based on the Nintendo Account, aiming to strengthen the company's digitalization.In 2020, American computer peripherals and hardware company Corsair announced that it had agreed to acquire gaming controller brand SCUF Gaming. The transaction was expected to be completed within 30 days, where Corsair received the patent portfolio held by SCUF.Contact Us

Contact Person: Sameer Joshi

Phone: +1-646-491-9876

Email Id: sales@theinsightpartners.com


Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com