Global Wireless Gamepad Market Size By Product (Entry Level, Enthusiast Level, Hardcore Level), Application (PC, Tv, Smartphones), By Geographic Scope And Forecast

Wireless Gamepad Market Size And Forecast

Wireless Gamepad Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

A rise in disposable income, which gives way to improved standards of living, has resulted in an upswing in the demand for wireless gamepads, the consequence of which is the growth of the Wireless Gamepad Market. Also, growth in urbanization, which leads to the increasing demand for Wireless Gamepad in places like corporate houses and hypermarkets is also an important reason for the growth of the Global Wireless Gamepad Market. The Global Wireless Gamepad Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Wireless Gamepad Market Definition

A wireless gamepad is those gamepads that are used for playing video games such as sports, shooters, role-playing, and others. Some of the major application devices are smartphones, tablets, smart TV, set-top box, windows PC, P3/P5 Game Console, and others. More acquisition of wireless gamepad than a wired gamepad, changing lifestyle among teenager and also in adults. E-sports and online competitive gaming are insisting that many consumers to buying Wireless Gamepad. E-sport games such as FIFA 19, Street Fighter V, Super Smash Bros, and others are the major popular around the world, which influences video gamers to play competitively.

In addition, online media platforms including YouTube have become promotional platforms for e-sports competitions, which raise awareness among audiences and drive the usage of wireless gaming controllers. Certain organizations have launched highly defined controllers, which gain the attention of gamers and help in driving demand for innovative gaming consoles. Increasing demand for gaming consoles based on advanced wireless technologies such as Wi-Fi and Bluetooth 5.0 is anticipated to drive the growth of the Wireless Gamepad Market across the globe. Gamers are eliminating the use of wired accessories and adopting advanced consoles to enhance the overall gaming experience.

Additionally, the popularity of 3D gaming among gamers is propelling the growth of the Wireless Gamepad Market. Manufacturers are increasing their production capabilities in devices that are majorly compatible with PCs and Xbox. Custom-design gaming controllers are being preferred for PlayStation. Companies are increasing efforts to extend the battery life of controllers in order to gain a competitive edge in the market landscape. However, the expensive price of such controllers has become a key deciding factor for customers.

Global Wireless Gamepad Market Overview

The expansion of this market can be associated with the rising demand for gaming consoles and games, which in turn is driving the demand for gamepads. The increasing popularity of PC gaming has also led to a rise in the demand for wireless gamepads. Moreover, with more and more people using smartphones as their primary computing device, there has been a rise in the number of mobile games that require a gamepad controller. This has led to an increase in the demand for wireless gamepads that are compatible with smartphones and other devices such as smart TVs. With the rising in manufacturing capacity, expected that the Wireless Connectivity raw material price will be stable in the short term.

Raw material price will play a big major role in promoting the cost of Wireless Connectivity. Several organizations aim at the cost and quality leadership which shall improve profitability. At the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Wireless Gamepad Market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. With the development of advanced wired and wireless gaming controllers and other accessories in the Wireless Gamepad Market, the scope of gaming controllers is also increasing. The rising penetration of smartphone gaming controllers in the market, the introduction of new consoles such as PlayStation 5, and the combination of virtual reality with controllers are among the other factors stimulating the use of gaming controllers and thereby driving the market growth. Moreover, voice-controlled gaming is still in its nascent stage and will take a few more years to be commercialized as a mainstream trend.

Global Wireless Gamepad Market Segmentation Analysis

The Global Wireless Gamepad Market is segmented on the basis of Product, Application, and Geography.

Wireless Gamepad Market, By Product

• Entry Level
• Enthusiast Level
• Hardcore Level

Based on Product, The market is segmented into Entry Level, Enthusiast Level, and Hardcore Level. People buy gamepads according to their preferences. If anyone who was fresher or new in this playing technology then they buy the entry-level gamepad which was less costly as compared to other segments. Only the good players or pro-players are majorly buying the enthusiast and hardcore level segment. Enthusiast and Hardcore level segment having more features and latest updates as comparative to Entry-Level.

Wireless Gamepad Market, By Application

• PC
• Tv
• Smartphones

Based on Application, The market is segmented into PC, TV, and Smartphones. The Pc and TV hold a big share in the market of Wireless Gamepad. Because every player wants the experience of their game on the big screen. The new technologies smart Pc's and Smart TVs come in the market for the especially playing games only. There is a special port available in the Pcs and TVs for connecting the wireless gamepad. Smartphones are used for playing games but with gamepads, they are still in the compromise stage.

Wireless Gamepad Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Geography, The Global Wireless Gamepad Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is dominating the market of Wireless Gamepad due to the presence of global players in the U.S. Growing Organization sizes and increasing application area of Wireless Gamepad is supporting the market Wireless Gamepad in north America. Europe holds the second position in the global market whereas Asia-Pacific has emerged as a faster-growing market. The growing economy of Asian countries India and China.

Key Players

• The "Global Wireless Gamepad Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
• Logitech, Sony, Razer, Catz, Microsoft, BETOP Rumble, SpeeedLink, Sabrent, Samsung, Saitake, and GameSir.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In August 2020, Mad Catz announced two new console products, the EGO Arcade Fight Stick and the C.A.T. 7 Controller, which have attractive designs, multi-format compatibility, and a high-specification feature set.
• In April 2020, Sony announced the new Dual Sense controller with the vision of future gaming. It has extensive features such as adaptive triggers that can adjust resistance with a sleek angular design and an integrated microphone. New hardware features are exclusive to the PS5 with a faster SSD. This newly defined product is gaining consumer attention, specifically gamers, who always seek to adopt new upgraded gaming consoles.
• In March 2020, Microsoft introduced the next generation controller, "Xbox Series X," which is redesigned with features such as better cross-device connectivity, improved ergonomics, reduced latency, and easier sharing.