Global gaming headset market growing at 7.5% CAGR
New research has revealed that the global gaming headset market, estimated at €1 billion in 2021, is forecast to grow to €3bn by 2030, at a compound annual growth rate (CAGR) of 7.5%.
Report Ocean says the gaming industry is forecast to witness innumerable opportunities in the coming years, owing to the rising interest of youth in mobile gaming.
According to a 2019 report by United Nations Environment Program (UNEP), nearly 2.3 billion people play video games, and around €132.9bn is spent on games annually.
Report Ocean says the rapidly declining prices of gaming headsets and the launch of better devices will drive the industry forward.
It says that the Asia-Pacific gaming headsets market is forecast to emerge as the largest market, owing to the presence of the largest gaming community in the region.
Furthermore, the large population in the countries like China, Japan, India and South Korea will contribute to the growth of the market.
After China, the United States is expected to have the largest contribution, as nearly 43% of the population plays games regularly. In addition, the growing trend of mobile gaming is forecast to unveil several opportunities for gaming headset manufacturers, Report Ocean said.