Gaming console market is anticipated to grow at a CAGR of 5.45% during the forecast period (2024-2031). A gaming console is a computer device that allows users to play video games on a screen. Some consoles connect to a television, while others are handheld and have their own screens. Games can be inserted into the device as a disc or card, or downloaded directly onto the device via the internet and the device’s online store.
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Technological advancements are highly driving the console market. Next-gen consoles boast features like high-fidelity graphics and faster processors, creating a more immersive and realistic experience. These advancements allow for complex game mechanics and pave the way for VR/AR integration, opening doors to entirely new ways to play. For instance, Lenovo unveiled the Legion AR Glasses at IFA 2023, featuring a large micro-OLED display. Compatible with Legion Go and various Windows, Android, and macOS devices via USB-C, they provide 1080p resolution and 60Hz refresh rate. Equipped with high-fidelity speakers, these AR glasses offer a portable, immersive viewing experience for gamers and users seeking comfortable viewing angles. These innovations push the boundaries of gaming, captivating players and fueling demand for the latest consoles.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
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
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global gaming console market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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