Gaming Headset Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global gaming headset market was valued at USD 2.8 billion in 2022, and a CAGR of 8.1% is expected during the forecast period. The increasing growth of the global e-sports market and the increasing sophistication of gaming techniques are driving the growth of the market significantly. The rise in upgrading to the latest headset technology and advancements in technology, along with rising disposable income, are the factors driving the growth in the gaming headset market.

Rising demand for immersive gaming experiences, noise cancellation, and wireless connectivity are the key features required for the growth of the gaming headset market. Overall, the market is competitive and dynamic.

Impact of Covid-19

COVID-19 has had a mixed impact on the gaming headset market, with increased demand for gaming accessories and people turning to gaming for entertainment, socializing during lockdowns, and stay-at-home orders. With more time spent at home, individuals sought ways to enhance their gaming experience, leading to higher headset sales. On the other hand, the pandemic disrupted global supply chains and manufacturing operations, causing delays in the production and distribution of gaming headsets. Overall, while the pandemic initially boosted demand for gaming headsets, the market also faced challenges due to supply chain disruptions and delayed production.

Growth Drivers

Increasing trend of e-sports in all over the world is driving growth in the market-

The rise of online gaming platforms and streaming services has made e-sports accessible to a global audience, breaking down geographical barriers and allowing players from all parts of the world to compete against each other. E-sports have gained mainstream recognition, with major tournaments receiving extensive media coverage and sponsorship from leading brands. It has elevated the status of e-sports.

The professionalization of e-sport has led to the development of organized leagues, teams, and training facilities. Recognition as athletes of professional e-sports players is driving the growth in the market. Advancements in technology, such as high-speed internet connections, powerful gaming hardware, and a platform for social interaction and community engagement, are allowing players to connect with like-minded individuals and play together. There is an increasing cultural shift towards embracing games as legitimate forms of entertainment and competition, particularly among the younger generation.

The increasing number of sports enthusiasts in most parts of the world is driving growth in the market. Increasing competition among all sports enthusiasts is a key factor behind the growth of the market. The console gaming segment is the leading one in the market and is expected to drive growth in the upcoming years.

Segmentation

Product

·         Console Gaming Headset Segment

·         Multi- Platform Gaming Headset

·         PC and MAC Gaming Headset

Technology

·         Wired

·         Wireless

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Gaming Headset Market Product Segmentation

On the basis of product-based segmentation, the gaming headset market is segmented into console gaming headsets, multi-platform gaming headsets, and PC and MAC gaming headsets. The console gaming headset is the leading segment and is expected to dominate the market during the forecast period. Console gaming headsets are specialized audio accessories designed for use with gaming consoles such as the PlayStation, Xbox, and Nintendo Switch.

These headsets typically feature high-quality external speakers, built-in microphones, and comfortable designs optimized for long gaming sessions. The increasing number of online sporting competitions all around the world is driving growth in the growing headset market. Increasing awareness of people about the online games, and considering it as a key entertainment mean is the factor driving the growth in the market significantly.

Gaming Headset Market Technology Segmentation

On the basis of technology, the gaming headset market is segmented into wired and wireless segments. The wireless segment is dominating the market due to technological advancements and the increasing trend of online games. Big players such as China, Japan, Korea, and India are contributing significantly to the growth of the market. The wireless segment is expected to dominate due to its ease of use, convenience, and increasing demand for people. China, Japan, Korea, India, and the and the United States of America are the big markets and are expected to contribute significantly in the future.

Regional Outlook

On the basis of the regions, the gaming headset market is segmented into 5 regions: Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. The Asia-Pacific region is the leading market and is expected to dominate the market during the forecast period due to the large number of gamers in countries like India, China, Japan, and South Korea.

The increasing population and rising disposable income in these countries, along with technological advancements, are driving the growth in the region. Virtual online tournaments held in this region are driving the growth of the market. Europe has a diverse gaming community, with enthusiasts ranging from casual gamers to professional e-sports players contributing to a strong demand for gaming headsets across the region. Several prominent gaming headset manufacturers, such as Razer, SteelSeries, and Logitech, have a significant presence in Europe, offering a wide range of products catering to different preferences and budgets.

Europe, including countries like Germany, France, Italy, Spain, Greece, and the Nordic region, has a significant presence of key players involved in e-sports. Numerous tournaments and events attract a large population in the region, spurring demand for high-quality gaming peripherals. European companies are at the forefront of technological innovations in the gaming industry, driving advancement in areas such as audio quality and comfort. North America holds a significant share of the global gaming headset market, with the United States and Canada being key contributors to sales and revenue.

Gaming is deeply ingrained in North American culture. Major gaming headset brands are present in North America, offering a wide range of products through online and retail channels. The competitive landscape in the region fosters innovation among gaming headset manufacturers, leading to the introduction of new features and technologies aimed at enhancing the gaming experience.

Key Players

·         ASUStek Computer Inc

·         Audio Technica US Inc

·         Dell Technologies Inc

·         Demant AS

·         Logitech International SA

·         Sony Group Corp

·         Turtle Beach Corp

·         Shenzhen Shades Technology and Company Limited

·         Samsung Electronics Company limited

·         Skull Candy Inc

·         Mad Catz Global Ltd

·         Other Players