• Blog
  • Home Video Game Consoles Market Report

    Home Video Game Consoles Market Report

    Home Video Game Consoles Market Report
    Report code - SR1365 Delivery - 2 Weeks
    Get Free Sample |
    Home Video Game Consoles Market Trends, Dynamics & Market Insights
    See more...

    Market Insights

    The Home Video Game Consoles market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of around x% during the forecast period.

    Figure: Home Video Game Consoles Market Size, 2020-2026 (USD Million)

    Home-Video-Game-Console-Market-Forecast

    Wish to get a free sample? Register Here

    What is video game console?

    A video game console can be defined as an electronic device that outputs a video signal or visual image to display a video game that one or more people can play through a game controller. Based on type, home video game consoles can be categorized as gamepads controllers, joystick controllers, motion controllers, and others.

    Key Players

    Key players operating in the Home Video Game Consoles market are-

    • Nintendo Co., Ltd. (Japan)
    • Microsoft Corporation (US)
    • Sony Group Corporation (Japan)
    • Mad Catz (US)
    • Nvidia Corporation (US)
    • Sega Corporation (Japan)
    • Atari Corporation (US)
    • Hudson Soft/NEC (Japan)
    • OUYA (US).

    Market Dynamics

    The growth of the home video game consoles market is primarily driven by increasing consumer preference to play the game through consoles and controllers to enhance their gaming experience. The rapidly growing gaming industry in developing countries coupled with rising per capita disposable income is likely to drive the growth of the home video game consoles market at a significant rate during the review period. In addition to this, the rising demand for technologically advanced home video game consoles is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    Segment Analysis

    Application Trends

    By application, the home video game consoles market has been bifurcated into adults and children. Under these, the adult segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. This can be attributed to increasing consumer interest in technologically advanced games.

    Regional Trends

    By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to significant growth of the entertainment and gaming industry in developing countries particularly China and India coupled with growing digitalization and rising per capita disposable income. The market growth in the North American region is expected to be driven by high demand for technologically advanced game consoles.

    COVID-19 Impact on Home Video Game Consoles Market

    The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the home video game consoles market positively as the imposition of complete lockdown and restrictions on trade led to increased spending on online gaming for leisure and entertainment.

    Critical Questions Answered in the Report

    • What are the key trends in the global Home Video Game Consoles market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global Home Video Game Consoles market?
    • What are the key strategies adopted by the major vendors to lead in the global Home Video Game Consoles market?
    • What is the market share of the top vendors?

    Get the full scope of the report. Register Here

    Target Audience

    Here is the list of the group of customers that the home video game console market hopes to have the greatest opportunity to convert-

    • Home video game consoles distributors
    • Home video game consoles suppliers
    • Home video game consoles manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Nintendo Co., Ltd. (Japan), Microsoft Corporation (US), Sony Group Corporation (Japan), Mad Catz (US), Nvidia Corporation (US), Sega Corporation (Japan), Atari Corporation (US), Hudson Soft/NEC (Japan) and OUYA (US) are among the key players in the home video game consoles market.

    The adult segment is expected to register significant growth in the home video game consoles market in the coming years.

    Asia-pacific accounted for the largest share in the home video games market in 2020.

    Home video game consoles distributors, Home video game consoles suppliers, Home video game consoles manufacturers, Logistics organizations, Government bodies are the target audience in the home video games market.

    Increasing consumer preference to play the game through consoles and controllers to enhance their gaming experience is the prime factor driving the growth of home video games market.

    •   
    ×