Omdia research finds global games peripherals revenue passed $10 billion in 2023

LONDON, August 8, 2024: New research from Omdia shows that global spend on games peripherals and accessories surpassed $10 billion in 2023, with 2029 revenue set to be close to $12 billion.

The research, newly published in Omdia’s Games Peripherals and Accessories Market Forecast 2024, shows that gamepads accounted for 44.3% of spend in 2023, and will more or less maintain their share to 2029. Headsets, keyboards, mice and other peripherals form the remainder of revenue, with all except mice being $1 billion-plus market categories.

This year, for the first time Omdia has split gamepads revenue by brand, with sizings for Sony, Microsoft, Nintendo, and other brands provided for 10 countries, as well as rest-of-region totals. Each sub-category is set to see growth to 2029, buoyed by the enduring popularity of consoles as well as the increasing prevalence of gamepad use among PC gamers.

The Other category is expected to see the strongest increases between 2024 to 2029, maintained by sales of higher-value peripherals and accessories such as gamer chairs and steering wheels. The US is the largest contributor to global revenue, at $2.6 billion in 2023, with China second and set to surpass $2 billion by the end of this year.

“The latest dataset shows that global peripherals spend has kicked on from its new post-pandemic baseline, with 2023 revenue surpassing the previous high from 2021,” said Dom Tait, Research Director at Omdia. “While games themselves face strong consumer resistance to price increases, there is more price elasticity for premium peripherals, with products such as PlayStation’s DualSense controller selling in large numbers despite costing over $200. With leading PC games storefront Steam stating that controller usage on its platform has tripled since 2018, there are positive factors beyond the ebb and flow of consoles contributing to what will be 2.9% annual growth from 2024 to 2029.”