Enjoy complimentary customisation on priority with our Enterprise License!
The 3D gaming consoles market share is expected to increase by USD 8.78 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.63%.
This 3D gaming consoles market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers 3D gaming consoles market segmentation by product (home 3D gaming consoles and handheld 3D gaming consoles) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The 3D gaming consoles market report also offers information on several market vendors, including A4Tech Co. Ltd., Apple Inc., Atari Inc, Bluestack Systems Inc., GameBender LLC, Guillemot Corp. SA, Kaneva LLC, Logitech International SA, Meta Platforms Inc., Microsoft Corp., NEC Corp., Nintendo Co. Ltd., Panasonic Corp., SEGA SAMMY HOLDINGS Inc., Sony Group Corp., and Unity Technologies Inc. among others.
Download the Free Report Sample to Unlock the 3D Gaming Consoles Market Size for the Forecast Period and Other Important Statistics
The enhanced features of next-generation gaming consoles is notably driving the 3D gaming consoles market growth, although factors such as rising health issues due to VR in 3D gaming consoles may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 3D gaming consoles industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key 3D Gaming Consoles Market Driver
The enhanced features of next-generation gaming consoles is one of the key drivers supporting the 3D gaming consoles market growth. Despite the fact that an average gamer generally uses gaming consoles for nearly a decade, the next generation of gaming consoles is released every five years. The major reason for this is the increased consumer demand as most gamers look forward to enriched audio and visual experience for gaming. The increasing disposable incomes have made high-end displays and TV sets more affordable for gamers. HD displays, along with high-definition multimedia interface (HDMI) and wireless network compatibility, have increased the expectations of gamers. These add-ons have increased the accessibility to gaming as well. Also, the penetration of high-end sound systems, such as home theater sound systems, provides gamers with a real-life-like gaming experience. Such enhanced features are driving the growth of the market in focus during the forecast period.
Key 3D Gaming Consoles Market Trend
Vendors manufacturing multipurpose gaming consoles is one of the key trends contributing to the 3D gaming consoles market growth. The global 3D gaming console market has undergone numerous technological developments over the years in order to cater to the increasing needs of consumers. The first generation of gaming consoles was invented in the 1950s. The last generation of gaming consoles from prominent vendors like Sony and Microsoft were PS4 and Xbox One, respectively, and they are considered as the ninth generation of gaming consoles. Over time, gaming consoles have been undergoing significant technological advances. Modern-day gaming consoles offer various features such as a CPU, RAM, motion sensors, and advanced connectivity options. Gaming enthusiasts will always crave an enhanced gaming experience. This will compel game developers to come up with innovative technologies, which will fuel the growth of the global 3D gaming console market.
Key 3D Gaming Consoles Market Challenge
Rising health issues due to VR in 3D gaming consoles is one of the factors hindering the 3D gaming consoles market growth. The continuous use of VR may cause health issues among gamers. The main problem relates to user distraction. Displaying too many confusing images in the user's field of vision may lead to health problems. In addition, the continuous use of VR headsets for playing games may require the user to switch quickly from a far-field to a near field. People with bad eyesight may face big problems in such kinds of situations. Also, the continuous use of head-mounted displays (HMDs) can induce nausea, dizziness, and headaches, thereby leading to adverse neurological effects. Such factors will hamper the growth of the global 3D gaming consoles market during the forecast period.
This 3D gaming consoles market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global 3D gaming console market as a part of the global consumer electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the 3D gaming consoles market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the 3D gaming consoles market encompasses successful business strategies deployed by the key vendors. The 3D gaming consoles market is fragmented and the vendors are deploying growth strategies such as product differentiation, portfolios, and pricing to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The 3D gaming consoles market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the 3D gaming consoles market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
45% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for 3D gaming consoles market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing penetration of E-sports will facilitate the 3D gaming consoles market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of the COVID-19 pandemic in 2020 led to a sharp rise in demand for 3D gaming consoles. Moreover, gaming as a career choice is also becoming a reality in the region, with the rapid growth of the competitive gaming market. Hence, the 3D gaming console market in APAC has gained prominence during the ongoing COVID-19 pandemic, and it is expected to witness high growth during the forecast period as well.
To gain further insights on the market contribution of various segments Request for a FREE sample
The 3D gaming consoles market share growth by the home 3D gaming consoles segment will be significant during the forecast period. Home 3D gaming consoles dominate the global 3D gaming consoles market as they provide an enhanced gaming experience to end-users. One of the major drivers of the market is the rising purchasing power of gamers. The increased purchasing power, along with the need for an enhanced gaming experience, have prompted gamers to opt for higher-resolution video game consoles with 3D features, which have fueled the adoption of 3D game consoles. Such an increase in adoption will drive the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the 3D gaming consoles market size and actionable market insights on post COVID-19 impact on each segment.
Gaming Console market - The market share has the potential to grow by USD 14.59 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 6.13%.
3D Gaming Consoles Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.63% |
Market growth 2022-2026 |
$ 8.78 billion |
Market structure |
Fragmented |
YoY growth (%) |
12.7 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 45% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
A4Tech Co. Ltd., Apple Inc., Atari Inc, Bluestack Systems Inc., GameBender LLC, Guillemot Corp. SA, Kaneva LLC, Logitech International SA, Meta Platforms Inc., Microsoft Corp., NEC Corp., Nintendo Co. Ltd., Panasonic Corp., SEGA SAMMY HOLDINGS Inc., Sony Group Corp., and Unity Technologies Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.