NEW YORK, April 21, 2021 /PRNewswire/ -- The "Gaming Headset Market" report has been added to Technavio's library which consists of more than 17000 reports from 150+ industries.
The gaming headset market is poised to grow by USD 788.08 million between 2020-2024, progressing at a CAGR of almost 7% during the forecast period.
Technological developments and product innovation are the prime factors driving the growth of the gaming headset market. The market players can use these drivers to achieve growth opportunities. However, factors such as the easy availability of counterfeit products will challenge the growth of the market participants. To recover from post COVID19 impact, vendors should maintain their positions in the slow-growing segments and simultaneously focus more on the growth prospects in the fast-growing segments.
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51% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for gaming headsets in APAC. Market growth in this region will be faster than the growth of the market in other regions. The gaming headset market growth in the APAC region can be attributed to the factors such as the growing gaming market in emerging countries such as India, Taiwan, and Indonesia.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Know About the Key Opportunities and Growth of Gaming Headset Market in Interactive Home Entertainment Industry
The gaming headset market is segmented by technology (wired gaming headsets and wireless gaming headsets), product (PC gaming headsets and console gaming headsets), distribution channel (offline and online), geography (North America, APAC, Europe, MEA, and South America).
The gaming headset market share growth by the wired gaming headsets segment will be slower than the growth of the market in the wireless gaming headsets segment. However, the advantage of wired headsets is that they have a faster response and less input lag. Since the games are now played at a professional level, hardcore gamers do not want to compromise on this aspect.
The gaming headset market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.
Key Market Dynamics:
Growth in global e-sports market
Technological developments and product innovation
Sophisticated techniques in gaming
Easy availability of counterfeit products
Increasing sales of smartphones and tablets
Price premium associated with gaming specific headsets
Reduction in size of wireless headsets
Improved wireless connectivity
ASUSTeK Computer Inc.
Audio-Technica US Inc.
Corsair Components Inc.
Creative Technology Ltd.
Kingston Technology Co. Inc.
Logitech International SA
Mad Catz Global Ltd.
Sennheiser electronic GmbH & Co. KG
Turtle Beach Corp
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Wireless Gaming Headset Market by Technology and Geography - Forecast and Analysis 2020-2024: The wireless gaming headset market size has the potential to grow by USD 998.69 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period. To get extensive research insights: Receive FREE Sample Report in Minutes!
VR Gaming Market by Type, Application, and Geography - Forecast and Analysis 2020-2024: The VR gaming market size has the potential to grow by USD 206.19 billion during 2020-2024, and the market's growth momentum will accelerate at a CAGR of 70%. To get extensive research insights: Receive FREE Sample Report in Minutes!
Key Topics Covered:
Five Forces Analysis
Market Segmentation by Technology
Market Segmentation by Product
Market Segmentation by Distribution Channel
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