Gaming headset market set for massive growth over next four years

The gaming headset market is expected to grow by USD $788.08 million during 2020-2024, according to a new report from Technavio.

The report offers a detailed analysis of the impact of the COVID-19 pandemic on the gaming headset market in optimistic, probable, and pessimistic forecast scenarios.

The gaming headset market will witness positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.

With the continuing spread of the pandemic, organisations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases.

Building business resilience and enabling agility will aid organisations to move forward in their journey out of the COVID-19 crisis.

The report’s key considerations for market forecast include:

- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behaviour

- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds

- Pre and post-COVID-19 market estimates

- Quarterly impact analysis and updates on market estimates

Meanwhile, the report suggests that ASUSTeK, Audio-Technica and Corsair Components will emerge as three major gaming headset market participants during 2020-2024.

The gaming headset market is driven by growth in the global esports market. In addition, other factors such as technological trends are expected to trigger the gaming headset market toward witnessing a CAGR of almost 7% during the forecast period.