Global Gaming Console Market Boom: Factors Driving Growth

Published: May 2024

The global gaming console market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period (2024-2031). Cutting-edge features like virtual and augmented reality in next-generation consoles offer unparalleled immersion, captivating gamers who crave the most realistic experiences.  This growth is further fueled by a diversifying gaming audience, with the entry of casual gamers who appreciate the user-friendly nature of consoles compared to high-powered PCs. The booming esports scene, with its global reach and passionate participants, further strengthens the popularity of console gaming.  Additionally, the near-universal availability of high-speed internet allows for seamless online play, a fundamental aspect of modern gaming.  To meet the growing demand key players are launching new consoles. For instance, in January 2024, One-Netbook introduced the OneXPlayer X1 handheld gaming console in China, distinguished by its expansive screen and utilization of the latest Intel Core Ultra processors. The global configurations and pricing for forthcoming variants have been revealed. The OneXPlayer X1 boasts a 10.95-inch display with 2.5K resolution, 120Hz refresh rate, and detachable controllers akin to the Nintendo Switch. Powered by Intel Core Ultra mobile processors, it offers multiple memory and storage options, along with advanced cooling mechanisms. Connectivity features include various ports and interfaces, while a sizable 16890mAh battery ensures prolonged usage, complemented by swift recharging capabilities with a 100W gallium nitride charger.

Browse the full report description of “Gaming Console Market Size, Share & Trends Analysis Report by Product (Handheld Gaming Consoles and Stationary Gaming Console) and by Storage (External Storage, Internal Storage, and Cloud Storage) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/gaming-console-market

Further, in November 2023, Anbernic launched the RG35XX Plus, an enhanced iteration of its acclaimed RG35XX handheld gaming console. While retaining its 3.5-inch screen, the device introduces a dual-boot feature, facilitating seamless transitions between Anbernic OS and Black Seraph's Garlic OS, with the option of Android available for separate installation. Expanded compatibility enables gameplay from PSP, Nintendo DS, and Dreamcast platforms. Improvements include the potential for a 4500mAh removable battery, redesigned shoulder buttons for enhanced ergonomics, HDMI output for TV connectivity, and Bluetooth controller support. Pre-sale begins November 25, 2023, offering white, grey, and transparent black colour variants at competitive prices.

Furthermore, in March 2023, Abxylute launched its inaugural gaming console following a preview two months ago. The Abxylute Handheld, built on Android, supports game streaming services like NVIDIA GeForce Now, Xbox Cloud Gaming, and Steam Link. Featuring a 7-inch IPS display with 1080p resolution, a 16:9 aspect ratio, and a 60Hz refresh rate, it boasts hall effect joysticks and triggers, alongside a 19Wh (5,200mAh) battery lasting up to 8 hours. Weighing 430g, it operates on the MediaTek MT8365 chipset, ensuring smooth gameplay for Dreamcast and N64 titles. Currently available on Kickstarter, prices start at $189. All units include a screen protector and case.

Market Coverage

The market number available for – 2023-2031

Base year- 2023

Forecast period- 2024-2031.

Segment Covered- 

o ByProduct

o ByStorage

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includes ASUSTEK Computer Inc., Logitech International SA, Microsoft Corp,Micro-Star INT'L CO., LTD. (MSI), Nintendo Co., Ltd., and Sony Interactive Entertainment Inc.among others. 

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Gaming Console Market Report Segment

By Type

  • Handheld Gaming Consoles
  • Stationary Gaming Console

By Application

  • External Storage
  • Internal Storage 
  • Cloud Storage

Global Gaming Console Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/gaming-console-market