Market Insights
Virtual reality (V.R.) is an emerging technology that is gaining widespread acceptance across different industry verticals, especially the gaming industry. The growing prominence of V.R. technology in the gaming industry is presumed to have a positive impact on the related hardware and accessory market. The global V.R. gaming accessories market is presumed to register strong growth, expanding at a double-digit CAGR during the forecast period from 2018 to 2026. Integration of V.R. technology in gaming has caught the world by storm, developing a new breed of technology for the gaming industry. Virtual reality replicates a 3D environment in such a way that the user can communicate with and interact with the virtual world, thereby providing users with a life-like experience at any location.
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The introduction of virtual reality has augmented the already attractive world of gaming, offering a mesmerizing 3D experience to gamers with the help of virtual reality devices and accessories. The advent of virtual reality in the gaming industry has elevated the demand for V.R. hardware, thereby creating a huge potential for consoles and accessories compatible with V.R. input devices. Virtual reality-based games are gaining popularity across the globe as the gaming community and enthusiasts continue to use smartphones as a platform for an enhanced V.R. experience. Thus, the increasing penetration of V.R. technology in gaming, coupled with the proliferation of smartphones among the younger generation as a tangible platform for virtual reality gaming, is driving demand for related gaming accessories across the globe.
The demand for virtual reality headsets that offer the ease of playing V.R. games without any need for connected cables is further driving the market’s growth. All these factors are collectively contributing to the double-digit growth of the global virtual reality gaming accessories market during the forecast period. Due to increased internet penetration and continuous technological advancements, global spending on ICT products and services has increased significantly in recent years. In terms of geography, the Asia-Pacific region is anticipated to grow incrementally during the forecast period. The demand for head-mounted displays, especially for gaming applications, in countries including China, Japan, and South Korea is on the rise due to the evolving digital habits of consumers and the growing penetration of V.R. technology.
The global virtual reality gaming accessories market is segmented on the following basis:
Components
- Headset
- Controller
- Treadmill
- P.C. Backpack
- Others
Platform
- P.C.
- Smartphone
- Gaming Console
Geography
North America
- U.S.
- rest of North America
Europe
- U.K.
- Germany
- France
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Rest of Asia Pacific
Rest of the World
- Middle East and Africa
- Latin America
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Key players identified for the virtual reality gaming accessories market include, but are not limited to:
Google, Inc., H.P. Development Company, L.P., HTC Corporation, Microsoft, Nintendo, Oculus V.R., LLC, SAMSUNG, Sony Corporation, Virtuix, Xiaomi, and ZEISS International
