Global handheld game console market is anticipated to grow at a CAGR of 8.2% during the forecast period (2024-2031). The market growth is driven by the increasing disposable incomes, changing consumer preferences, and the rising availability of various gaming options. Additionally, these consoles are lighter and more compact than home video game consoles, contributing to market growth.
The global handheld game console market is segmented by product (Playstation, Xbox, Razer Switchblade, Nintendo Switch, and others (Steam Deck, ROG Ally), by platform (iOS, android, windows, and Linux), by end-users (adults and children), and, by geographies (North America, Europe, Asia-Pacific, and Rest of the World).
The Nintendo Switch segment is anticipated to hold a considerable market share, attributed to its hybrid features. It may function as a portable handheld device or as a conventional home console that is linked to a monitor or television. It can thus target two markets simultaneously. Additionally, the console is a convenient gadget to travel with due to its adaptability.
The major market players in the global handheld game console market include Adobe Systems Incorporated, Google Inc. (DoubleClick), AOL Inc. (Verizon Communications Inc.), Yahoo Inc., Beeswax, and others. The market players are investing in product innovation, new product launches, strategic partnerships & collaborations, and contracts to remain competitive.
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