Gaming Headset Market Size to Grow by USD 1.28 Bn

NEW YORK, Nov. 9, 2022 /PRNewswire/ -- The "Gaming Headset Market by Technology, Product, Distribution Channel, and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The market value is anticipated to grow by USD 1.28 billion. In addition, the growth momentum of the market will accelerate at a CAGR of 7.52% during the forecast period.

Vendor Landscape

The gaming headset market is fragmented. To compete in the market, vendors are deploying growth strategies such as focusing on localizing peripherals for different regions based on the gaming culture. The market is highly competitive, as major vendors are competing against their rivals.Vendors have well-established economies of scale and market presence. They generally rely on technological advances, positioning, and the price of the products. Most gaming headsets often fall in the same price bracket, which results in low switching costs for buyers.

Market Dynamics

The technological trend is expected to have a positive impact on the market. Most headsets have a noise-canceling feature and use a negative feedback loop to eliminate unwanted ambient sound. Manufacturers use different technologies to eliminate or reduce noise, which provides users with an optimum sound experience. Vendors are introducing headsets equipped with touchpads, wherein users can control the volume or change the equalizer settings. The headsets available in the market are equipped with the latest versions of the Bluetooth smart chip. The latest smartphones and headsets support NFC connectivity. Moreover, the popularity of gaming has led to high demand for gaming headsets that provide surround sound. Factors such as the growth of the global e-sports market, technological developments and product innovation, and sophisticated techniques in gaming will drive the growth of the gaming headset market during the forecast period. However, the easy availability of counterfeit products might hamper the market growth.

Company Profiles

The gaming headset market key vendors, including ASUSTeK Computer Inc., Audio Technica US Inc., Corsair Gaming Inc., Creative Technology Ltd., Dell Technologies Inc., EKSA TECHNOLOGY Pvt. Ltd., HP Inc., Kingston Technology Co. Inc., Lenovo Group Ltd., Logitech International SA, Mad Catz Global Ltd., Plantronics Inc., Razer Inc., Sennheiser Electronic GmbH & Co. KG, Sentey Inc., SHENZHEN SADES DIGITAL TECHNOLOGY Co. Ltd., Skullcandy Inc., Sony Group Corp., SteelSeries ApS, and Turtle Beach Corp.