US Gaming Hardware Market Research Report By Product Type (Consoles, Accessories) and By End User (Commercial, Residential) - Forecast to 2035

US Gaming Hardware Market Overview:

The US Gaming Hardware Market Size was estimated at 9.58 (USD Billion) in 2023. The US Gaming Hardware Market Industry is expected to grow from 12.71(USD Billion) in 2024 to 23.39 (USD Billion) by 2035. The US Gaming Hardware Market CAGR (growth rate) is expected to be around 5.703% during the forecast period (2025 - 2035).

Key US Gaming Hardware Market Trends Highlighted

The US Gaming Hardware Market is witnessing significant trends fueled by technological advancements and changing consumer preferences. Among the key market drivers is the growing popularity of esports and online gaming, which has led to an increase in demand for high-performance gaming consoles and peripherals. Major manufacturers are innovating faster processing units, high-resolution displays, and enhanced audio systems, making gaming more immersive. The rise of cloud gaming services is also allowing players to access high-quality gaming experiences without investing in expensive hardware, further shaping market dynamics. Opportunities abound in the realm of augmented reality (AR) and virtual reality (VR), where increasing interest from gamers and developers presents new revenue avenues. Companies focusing on developing VR headsets to enhance gameplay experiences could capture a significant share of the market. Additionally, the recent push towards sustainability and eco-friendly manufacturing practices is encouraging firms to explore ways of producing gaming hardware with a smaller environmental footprint, responding to consumer demand for responsible consumption. In recent times, the market has experienced shifts driven by the ongoing digital transformation and the rise of remote gaming. With more individuals working from home, gaming has become a popular recreational activity, leading to a surge in hardware sales. The integration of streaming features into gaming consoles also aligns with trends in content consumption, enabling gamers to share their experiences with a wider audience. Overall, the US Gaming Hardware Market is evolving rapidly, driven by innovation and a diverse range of consumer interests, positioning itself for sustained growth in the years to come.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Gaming Hardware Market Drivers

Increasing Popularity of Gaming Culture

The gaming culture in the United States is witnessing a tremendous surge, especially among millennials and Gen Z. In a recent survey conducted by the Entertainment Software Association, approximately 64% of American adults identify as gamers, showcasing a significant increase in participation over the past decade. This growing demographic is boosting the US Gaming Hardware Market Industry, as more individuals are seeking higher-quality gaming experiences. Factors such as eSports tournaments, streaming platforms like Twitch, and the growing availability of engaging mobile gaming are driving this popularity. For instance, the eSports industry alone generated revenues of around 1.1 billion dollars in the United States in 2021, reflecting a promising opportunity for hardware manufacturers to cater to this enthusiastic audience. As participation in gaming continues to rise, the demand for advanced hardware, including consoles and high-performance PCs, is also expected to grow, making this a pivotal factor for market expansion.

Technological Advancements in Hardware

Continuous advancements in technology have played a crucial role in the growth of the US Gaming Hardware Market Industry. The introduction of cutting-edge components such as Graphics Processing Units (GPUs) and the recent developments in Virtual Reality (VR) have led to enhanced gaming experiences. According to the Semiconductor Industry Association, the US semiconductor industry is projected to generate over 500 billion dollars in revenue by 2028. As more companies invest in Research and Development (R&D) of gaming hardware, consumers are inclined to upgrade their existing systems for better performance and higher resolutions. Companies like NVIDIA and AMD are consistently releasing new product lines that push the boundaries of what is possible in games, further fueling consumer interest and driving sales in the gaming hardware sector.

Rise in Gaming Events and Tournaments

The increasing number of gaming events and tournaments in the United States is significantly impacting the demand for gaming hardware. Major events such as the League of Legends Championship and the CALL OF DUTY League attract millions of viewers and participants, which in turn drives up the need for high-performance gaming rigs. Industry estimates suggest that eSports events alone have grown to an audience base of around 495 million globally, with a substantial portion being based in the United States. Organizations like Major League Gaming (MLG) and ESL are hosting regular events that elevate the competitive gaming landscape. These tournaments not only spotlight the latest gaming technologies but also create substantial market opportunities for hardware manufacturers who provide top-tier components to meet the demands of professional gamers, thereby lifting the US Gaming Hardware Market Industry.

US Gaming Hardware Market Segment Insights:

Gaming Hardware Market Product Type Insights

The US Gaming Hardware Market, which encompasses a diverse range of product types, showcases a robust landscape driven by a blend of technological advancements and changing consumer preferences. Within this market, the product segmentation primarily includes Consoles and Accessories, both of which play vital roles in the consumer gaming experience. Consoles, as a segment, attract significant attention due to their ability to provide immersive gaming experiences that cater to a wide audience, from casual gamers to dedicated enthusiasts. These devices not only offer high-quality graphics and performance but also foster community engagement through online multiplayer capabilities.

Accessories, which comprise a variety of peripherals such as controllers, headsets, and VR equipment, complement consoles and enhance the overall gaming experience by providing gamers with tools that improve usability and immersion. The growth of online gaming and eSports has further fueled demand for high-performance accessories, facilitating a more connected and social gaming environment. Meanwhile, the proliferation of gaming streaming platforms has also contributed to an increase in accessory purchases, as gamers look to optimize their setup for streaming and content creation.

Additionally, technological innovations, such as wireless connectivity and improved battery life for accessories, have made these products more appealing to consumers. It is noteworthy that the acceptance and integration of virtual reality and augmented reality into gaming also represent a significant opportunity for growth within the accessories segment, as these technologies gain traction among gamers. Overall, the dynamics of the US Gaming Hardware Market, particularly within the realms of Consoles and Accessories, point to a vibrant industry responding to evolving consumer needs and technological advancements, indicating a promising trajectory moving forward.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Gaming Hardware Market End User Insights

The US Gaming Hardware Market has experienced remarkable expansion, driven by diversified consumer interests and advancements in technology. The End User segment encompasses diverse applications, particularly within the Commercial and Residential sectors. The Commercial segment plays a crucial role in integrating gaming hardware within entertainment venues, esports arenas, and gaming cafes, thus fostering heightened engagement and social interaction among users. On the other hand, the Residential segment caters to individual gamers seeking immersive experiences, often influenced by the growing trend of home entertainment systems and the recent surges in online gaming.

These trends have propelled the demand for superior gaming hardware, correlating with the rising number of gaming enthusiasts in the US. Additionally, the increasing popularity of virtual reality and augmented reality gaming technologies has further intensified the focus on high-quality hardware solutions. As a result, the US Gaming Hardware Market is witnessing enhanced segmentation, with both Commercial and Residential sectors adapting to consumer needs, driving innovation and broadening the overall gaming landscape in the region. The growing culture around competitive gaming and multiplayer experiences is likely to sustain this market's momentum, presenting new opportunities for manufacturers and retailers alike.

US Gaming Hardware Market Key Players and Competitive Insights:

The US Gaming Hardware Market is characterized by intense competition and rapid technological advancements. As consumer demand for high-performance gaming systems increases, various companies strive to capture significant market share by introducing innovative products and improving existing technologies. Key players are constantly assessing their competitive positions, emphasizing the importance of product differentiation, brand loyalty, and targeted marketing strategies. The market is also influenced by broader trends in technology, including the rise of virtual reality gaming and cloud gaming services, which continue to shape the landscape for gaming hardware. As companies navigate this dynamic environment, insights into their strategies and product offerings become crucial for understanding the competitive tensions within the market, as well as the future trajectory of gaming hardware in the United States.

Apple has emerged as a strong player in the US Gaming Hardware Market, leveraging its robust ecosystem and loyal customer base. Its entry into the gaming space has been marked by the integration of gaming capabilities into its premium devices, including the iPhone and iPad, which appeal to casual gamers seeking quality experiences on-the-go. Apple's strengths in design, user experience, and software optimization enhance gaming performance on its devices. Additionally, with the launch of Apple Arcade, the company has further solidified its position by providing a subscription-based gaming service that attracts a diverse range of players. This strategy not only drives hardware sales but also fosters customer retention within its ecosystem, thereby creating a compelling value proposition in the competitive gaming hardware arena in the United States.AMD plays a significant role in the US Gaming Hardware Market, known for its high-performance processors and graphics cards that cater to both gamers and content creators. The company's Ryzen and Radeon product lines are particularly popular among gaming enthusiasts, delivering competitive performance at various price points. AMD's strengths lie in its commitment to innovation, providing cutting-edge technology that often rivals its competitors. The company's market presence has been bolstered by strategic partnerships and collaborations that enhance its product offerings. Moreover, recent mergers and acquisitions have expanded AMD's capacity for research and development, positioning it as a leader in the hardware space. By promoting its advancements in performance and efficiency, AMD continues to carve out a strong competitive edge, making significant strides in the US gaming hardware landscape while appealing to a broad audience of gamers and tech enthusiasts.

Key Companies in the US Gaming Hardware Market Include:

• Apple


• AMD


• Razer


• Sony


• HP


• Logitech


• MSI


• Turtle Beach


• Alienware


• Microsoft


• Intel


• ASUS


• NVIDIA


• Corsair


• Dell

US Gaming Hardware Market Industry Developments

In recent developments within the US Gaming Hardware Market, companies like AMD and NVIDIA have been advancing their graphics processing units, capitalizing on the growing demand for higher performance in gaming. As of October 2023, Intel announced plans to bolster its presence in the gaming hardware sector through an expanded product lineup that targets high-end gamers. Reports in September 2023 indicated that Razer has seen significant growth in their gaming accessories sales, reflecting a surge in consumer interest. Concurrently, Turtle Beach has focused on enhancing their headset technology, which has become increasingly popular among eSports players. In terms of mergers and acquisitions, in August 2023, Corsair announced its acquisition of Elgato, thereby expanding its reach into the streaming hardware market, adding significant value to its product offerings for gamers. Additionally, HP and Dell continue to compete fiercely as they update their gaming laptop lines, responding to trends for portable yet powerful devices. The gaming hardware market in the US continues to experience robust growth, supported by innovations in technology and shifting consumer preferences towards immersive gaming experiences.

US Gaming Hardware Market Segmentation Insights

Gaming Hardware Market Product Type Outlook

• Consoles


• Accessories

Gaming Hardware Market End User Outlook

• Commercial


• Residential

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	9.58(USD Billion)
MARKET SIZE 2024	12.71(USD Billion)
MARKET SIZE 2035	23.39(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	5.703% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Apple, AMD, Razer, Sony, HP, Logitech, MSI, Turtle Beach, Alienware, Microsoft, Intel, ASUS, NVIDIA, Corsair, Dell
SEGMENTS COVERED	Product Type, End User
KEY MARKET OPPORTUNITIES	Rising demand for VR headsets, Growth of mobile gaming accessories, Increasing popularity of esports peripherals, Innovations in gaming laptops, Expansion of cloud gaming hardware
KEY MARKET DYNAMICS	Increasing demand for high-performance hardware, Rise of eSports and competitive gaming, Advancements in virtual reality technology, Growing popularity of streaming platforms, Expansion of mobile gaming devices
COUNTRIES COVERED	US