According to Omdia's latest research, global spending on game peripherals and accessories will exceed $10 billion in 2023 and revenue will reach nearly $12 billion in 2029. Omdia's latest "2024 Gaming Peripheral and Accessories Market Forecast" shows that game controller spending will account for 44.3% in 2023 and this percentage will remain basically unchanged by 2029. Headphones, keyboards, mice, and other peripherals make up the rest of the revenue, and except for mice, all other peripherals are market categories with revenues exceeding $1 billion.

For the first time, Omdia divided game controller revenue by brand, providing revenue for Sony (SONY.US), Microsoft (MSFT.US), Nintendo, and other brands in 10 countries as well as total revenue in other regions. Due to the continued popularity of game consoles and an increasing number of PC gamers using game controllers, each subcategory will see growth before 2029.

Other categories are expected to achieve the strongest growth between 2024 and 2029, mainly due to the sales of high-value peripherals and accessories such as gaming chairs and steering wheels. The United States contributes the most to global revenue, reaching $2.6 billion in 2023, while China ranks second and will exceed $2 billion by the end of this year.

Dom Tait, Omdia's research director, said: "Latest data shows that global peripheral spending has restarted from a new baseline since the epidemic, and revenue in 2023 will exceed the previous peak in 2021. Although the game itself faces strong consumer resistance to price increases, high-end peripherals have greater price elasticity, and products such as PlayStation's DualSense controller are still selling in large numbers even though they cost more than $200. The leading PC game storefront Steam said that the number of controller users on its platform has doubled since 2018. In addition to fluctuations in game consoles, there are other positive factors contributing to a 2.9% annual growth rate between 2024 and 2029."