Global Gaming Headset Market Grows Steadily at a CAGR of 7.30%

Introduction

A gaming headset consists of headphones and microphones and is utilized by video game enthusiasts. These headsets are designed to fully immerse the user in gaming, block out external noises, enhance player comfort, and enable in-game communication. Gaming headsets facilitate in-depth gameplay and communication with teammates and acquaintances. The microphone on these headphones is incredibly clear.

These headphones differ from their music counterparts regarding sound fidelity, audio effects, and noise cancellation. In addition, these headsets can be distinguished from standard headsets by their bulky design and RGB illumination. One of the most essential features of gaming headsets is the ability to pinpoint the source of incoming audio.

Market Dynamics

Flourishing Video Game Industry Drives the Global Market

According to a 2019 report by the United Nations Environment Program (UNEP) titled Engaging for the Planet, more than 2.3 billion people play video games annually, spending approximately USD 140 billion. The increasing prevalence of smartphones and the internet is the main aspect boosting the expansion of the gaming industry. The expansion of the gaming industry drives the demand for gaming accessories, such as controllers, joysticks, and headsets.

Gaming headsets offer superior features to standard headphones, including clearer audio, 3D sound quality that simulates reality, and noise-canceling for comfortable communication. In addition, gaming devices include a microphone for communication. Gaming headsets prevent outside sounds from reaching the players, preventing them from gathering important information from the broadcasters or the audience and ensuring a relatively distraction-free playing environment. These factors enhance the market for gaming headsets.

Rapid Advancement Creates Tremendous Opportunities

The gaming industry has expanded into its independent sector. As a result, there is an unparalleled increase in demand for gaming equipment such as headgear. The headphones incorporate microphones with buttons and scroll wheels for altering volume, noise cancellation, bass, and audio effects, among other things. Furthermore, virtual reality headsets allow users to immerse themselves in a simulated environment, giving the impression that they are walking through a gaming environment. Participants in a hyperreality game can also interact with and touch real-world things. The growing popularity of squad games like PUBG, Fortnite, and Overwatch has also led to the growth of the headset market. These progressive developments will provide profitable chances to expand the gaming headset market over the forecast period.

Regional Analysis

North America is the most significant global gaming headset market shareholder and is anticipated to exhibit a CAGR of 7.50% during the forecast period. Since 76% of Americans have internet access, gaming enthusiasm in the United States is expected to increase rapidly. In 2018, video game revenue in the United States, including hardware, software, peripherals, and subscriptions, totaled USD 43.4 billion, up from USD 36.9 billion in 2017. In addition, the rising younger population, higher disposable incomes, and the introduction of new gaming genres have accelerated the growth of gamers, thus propelling growth in the U.S. market for gaming headsets. Furthermore, the United States has approximately 8,000 professional gamers, the greatest number in the world. Esports fans are large spenders and frequent consumers of digital gaming products. American sports clubs, owners, and celebrities notably embrace the growing esports trend. Therefore, the number of hardcore gamers is predicted to increase, positively affecting the demand for competent accessories such as gaming headsets in the coming years.

Europe is estimated to exhibit a CAGR of 7.22% over the forecast period. Europe is home to some of the earliest firms that popularized esports in the West. The participation of sports clubs and personalities, leagues, and agencies will substantially accelerate the development of the global esports industry, aid in the growth of local esports scenes, and boost the gaming headset market in the region. The expanding audience and concomitant commercialization potential indicate that esports attracts more companies willing to engage as sponsors or partners of events, leagues, and teams, creating lucrative opportunities for the European gaming headset market. In addition, Germany is the most significant regional market and one of the most important markets globally. German gaming hardware manufacturers are extremely specialized in a variety of disciplines. Numerous companies, such as Teufel and Nubert, are involved in high-quality audio and speaker technology, contributing to the market's expansion. 

Key Highlights

• The global gaming headset market was valued at USD 2,200.02 million in 2022. It is estimated to reach USD 4,147.82 million by 2031, growing at a CAGR of 7.30% during the forecast period (2023–2031).
• Based on the platform, the global gaming headset market is segmented into multi-platform gaming headsets, PC/Mac gaming headsets, and console gaming headsets. The PC/Mac gaming headsets segment owns the highest market share and is estimated to exhibit a CAGR of 7.21% during the forecast period.
• Based on technology, the global gaming headset market is divided into wired gaming headsets and wireless gaming headsets. The wired gaming headsets segment is responsible for the largest market share and is anticipated to exhibit a CAGR of 5.99% over the forecast period.
• North America is the most significant global gaming headset market shareholder and is anticipated to exhibit a CAGR of 7.50% during the forecast period.

Competitive Players

1. Logitech International S.A.
2. Cooler Master Technology Inc.
3. Skullcandy, Razer Inc.
4. Audio-Technica Ltd., Inc.
5. Mad Catz-TRITTON
6. Sennheiser electronic GmbH & Co. KG
7. Creative Technology Ltd.
8. SteelSeries
9. Sony Corporation

Recent Developments

• May 2024 - The best-selling Stealth 600 Multiplatform Gaming Headset from Turtle Beach (NASDAQ: HEAR) was redesigned to include wireless and Bluetooth, powerful 50mm nanoclear drivers, a class-leading 80-hour battery life, and much more for the same stylish price, i.e., MSRP of USD 99.99. With an affordable USD79.99 MSRP, the New Stealth 500 joins Turtle Beach's renowned gaming headset family and offers the brand's signature wireless gaming audio and Bluetooth.
• May 2024 - Fractal Design continued to develop in computer cases and revealed a new line of items that marked a move into gaming headsets and seats. The Scape gaming headset, the Era 2 and Mood computer case models, and the Refine gaming chair are among the products being introduced.

Segmentation

1. By Platform
   1. Multi-Platform Gaming Headsets
   2. PC/Mac Gaming Headsets
   3. Console Gaming Headsets
2. By Technology
   1. Wired Gaming Headsets
   2. Wireless Gaming Headset