Global portable gaming console market size was US$ XX Mn. in 2019 and is expected to reach US$ XX Mn. by 2027, at a CAGR of XX% during forecast period.
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Portable gaming consoles are simple handheld gaming consoles, which is a small self contained video game console. They contain the speakers, console, display and controls in one unit, which allow user to carry them and play them at any time or place.
Growing trend and popularity of video games among youngsters is the major driving factor behind the growth of market. Portable gaming console provides benefits such as its portability means user can play game wherever they are; they can be played without internet connection and also can connect to the internet and play, light in weight and smaller than home video game consoles are ultimately improving the growth of market. Surge in the advanced technologies in portable gaming industry and high adoption of advanced graphics based video games are expected to witness high growth during forecast period.
Nevertheless, handling complexity is major restraining factor that could hamper the growth of market. Poor battery life, low performance and uncomfortable control could hinder the growth of market.
Global Portable Gaming Console Market: Segmentation Analysis
By type, mobile gaming consoles segment dominated the market in 2019 and is expected to keep its dominance at CAGR of XX% during forecast period. The mobile gaming console is used widely as its innovative technology is enabling to securely download and play games on handheld mobile device. Wide adoption of mobile gaming consoles in consumer electronics industry due to the 3D technology is propelling the growth of market.
By product, Nintendo Switch segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. According to Nintendo, Nintendo Switch has sold 52.48 million units by the end of 2019. Over 310 million software units have been sold for Switch. According to research Nintendo Switch has sold approximately 18 million units in the US, ~14 million in Europe and ~12.62 million in Japan. The remaining units were most probably sold outside these three large regions. The top-selling video games for the Nintendo Switch as of 2019 are Mario Kart 8 Deluxe with 19.01 million, Super Smash Bros. Ultimate with 15.71 million and Super Mario Odyssey with 15.38 million. Additionally, Nintendo switch Lite is expected to witness fast growth during forecast period. Nintendo Switch Lite came in Sept 2019 and by Dec 2019; the Nintendo Switch Lite had sold 5.19 million units worldwide.
Global Portable Gaming Console Market: Regional Analysis
Region wise, North America dominated the market in 2019 and is expected to continue its dominance at CAGR of XX% during forecast period. The US and Canada are major key contributors behind the growth of market. The growth is attributed to high adoption of the portable gaming console on mobiles in the gaming world. The Nintendo Switch is the best-selling console in the US.
Investments by industries in the production of various types of gaming console such as video gaming console, mobile gaming consoles, tablet gaming console and others is further propelling the growth of market.
Global Portable Gaming Console Market: Key Development
In September 2019, Nintendo launched the Nintendo Switch Lite handheld gaming console with an MSRP of US$199.99.
The objective of the report is to present a comprehensive analysis of the Global Portable Gaming Console Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Portable Gaming Console Market dynamics, structure by analyzing the market segments and projects the Global Portable Gaming Console Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Portable Gaming Console Market make the report investor’s guide.
The Scope of Global Portable Gaming Console Market
Global Portable Gaming Console Market, By Type
• Mobile gaming consoles
• Tablet gaming consoles
Global Portable Gaming Console Market, By Product
• Playstation 4
• Wii U
• Razer Switchblade
• Nintendo Switch
• Nintendo Switch Lite
• Nitendo 3 DS
• Playstation Vita
Global Portable Gaming Console Market, By Platform
Global Portable Gaming Console Market, By Region
• North America
• Asia Pacific
• South America
• Middle East & Africa
Global Portable Gaming Console Market, Key Players
• Microsoft Corporation
• Nintendo Co., Ltd.
• Sony Corporation
• Nvidia Corporation
• Mad Catz Interactive, Inc
• Atari SA
• Sega Games Co., Ltd.
• NEC Corporation.
• Mattel Inc.
• Bit Corporation
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