Analyst firm JPR (Jon Peddie Research) has recently released its latest market study report regarding the PC Gaming Hardware business, which consists of personal computers, upgrades, and peripherals used for gaming.
If you want to buy the report, it will cost you $27,500. The report is written by a Senior Analyst Gaming Industry at JPR.
The PC gaming market is currently booming globally due to Covid-19 pandemic lockdown and shelter, as more and more gamers have upgraded and bought new PCs and accessories. Perhaps more importantly, the current situation has actually created millions of new PC gamers looking for immersive, exciting, and economically efficient forms of home entertainment. The entire global PC gaming hardware business has been thriving because of this.
If the PC gaming hardware market has gone up in just 6 months time, then wait till AMD unleashes its new RDNA 2-powered next-gen graphics cards, and NVIDIA its Ampere-based GeForce RTX 3000 series graphics cards. This will further boost up the PC hardware sales and gaming market. PCGHW market sales will increase 10.3% sequentially from last year, according to JPR.
Senior Analyst Gaming Industry at JPR, Ted Pollak, explains:
“The PC Gaming Hardware market is in a rare scenario where every segment is going up. We see a lot of people buying and upgrading personal and company subsidized computers with better parts, with the intention of playing video games. In the Entry-Level, much of this revenue comes from new gamers.”
He added that the 2020 Entry-Level category is forecast to grow 21.7% which is unprecedented and totally unexpected. The Mid-Range has bounced back from a slide; now in positive territory. At the High-End, 1440p+ display sales (spurred by more affordable offerings) created a chain reaction of upgrades as gamers configure rigs for 60+ frames per second.
“Due to TV broadcasting of sim racing events, we are observing an uptick in racing simulation builds. These include a high-performance computer often with premium audio, racing wheel/shifter/pedals, sometimes a racing seat, and other elements. Many of the sim racers are new to the market but have money and spend $2,000 – $5,000 on systems, audio, and accessories.”
Jon Peddie, the president of JPR, chimed in adding:
“COVID-19 has created a big spike in sales for PC gaming products in the near term. The total market is approaching $40 billion in 2020. However, we temper our forecasts for possible economic issues in 2021 and beyond. Forecasts are heavily dependent on consumer confidence. Nevertheless, we still predict growth over five years even in the face of a console cycle. We have improved our accessory analysis this year and added a new category for game recording and streaming products. Studio quality cameras and microphones, capture cards, and personal lighting have become common items for high-end gamers and are making their way down into the mass market.”