Gaming Hardware - Indonesia

Indonesia

Highlights

In Indonesia, revenue in the Gaming Hardware market market is projected to reach US$2.42bn in 2024.
Revenue within this sector is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 9.36%, resulting in a projected market volume of US$3.79bn by 2029.
The number of users in the Gaming Hardware market market in Indonesia is anticipated to amount to 6.9m users by 2029.
User penetration in this market will be 2.1% in 2024 and is expected to increase to 2.4% by 2029.
The average revenue per user (ARPU) in Indonesia is expected to amount to US$416.50.
In a global comparison, the majority of revenue will be generated China, which is projected to reach US$33.31bn in 2024.
Indonesia's burgeoning gaming hardware market is increasingly influenced by the rise of eSports, fostering a new wave of consumer engagement and investment opportunities.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Gaming Hardware market in Indonesia has been experiencing significant growth in recent years, driven by the increasing popularity of video games among the Indonesian population.

Customer preferences: Indonesian gamers have shown a strong preference for high-performance gaming hardware, such as gaming laptops, gaming PCs, and gaming consoles. This is due to the growing demand for immersive gaming experiences and the desire for better graphics and faster processing speeds. Additionally, there is a trend towards mobile gaming, with many Indonesians preferring gaming smartphones that offer a seamless gaming experience on the go.

Trends in the market: One of the key trends in the Indonesian gaming hardware market is the rise of eSports. eSports tournaments and events have gained immense popularity in the country, attracting a large number of participants and spectators. This has led to an increased demand for gaming hardware that can support competitive gaming, such as high-refresh rate monitors, mechanical keyboards, and gaming mice with precise tracking. Another trend in the market is the growing popularity of virtual reality (VR) gaming. Indonesians are increasingly interested in immersive gaming experiences, and VR technology offers a unique and exciting way to engage with games. As a result, there has been a surge in demand for VR headsets and other VR gaming peripherals.

Local special circumstances: Indonesia has a large and young population, with a high percentage of tech-savvy individuals. This demographic is highly receptive to new technologies and gaming trends, driving the demand for gaming hardware in the country. Additionally, the increasing availability of high-speed internet and the growing smartphone penetration rate have made gaming more accessible to a wider audience.

Underlying macroeconomic factors: The Indonesian economy has been growing steadily in recent years, with a rising middle class and increasing disposable income. This has contributed to the growth of the gaming hardware market, as more Indonesians are able to afford gaming devices and accessories. Furthermore, the government's efforts to promote the digital economy and support the gaming industry have created a favorable environment for the market to thrive. In conclusion, the Gaming Hardware market in Indonesia is experiencing robust growth, driven by customer preferences for high-performance gaming hardware, the rise of eSports, and the growing popularity of virtual reality gaming. The young and tech-savvy population, along with the country's favorable macroeconomic conditions, have created a conducive environment for the market to flourish. As the gaming industry continues to evolve and innovate, the demand for gaming hardware in Indonesia is expected to remain strong.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Gaming Hardware market, which includes various types of gaming devices such as consoles, gaming PCs and laptops, and peripherals. This market covers both online and offline sales of gaming hardware. All monetary figures refer to consumer spending on these hardware products and accessories. This spending considers any discounts, margins, and taxes.

Modeling approach / Market size:

The market size is determined through a comprehensive approach. We utilize data from annual financial reports of leading companies, industry associations, third-party studies and reports, primary research surveys (e.g., Consumer Insights), and performance metrics (e.g., user adoption rates, price points, usage patterns) to analyze the markets. To estimate the segment size for each country, we consider relevant key market indicators and data from country-specific industry associations. This includes macroeconomic indicators, historical trends, current market dynamics, and reported performance metrics of key industry players. Factors like average prices and purchase frequencies are considered.

Forecasts:

We apply diverse forecasting techniques tailored to the behavior of the specific market. For instance, methods like trend smoothing and adoption curve analysis are well-suited for forecasting trends in gaming hardware, considering the evolving nature of technology adoption. The main drivers influencing forecasts include economic indicators such as GDP per capita, consumer spending per capita, and technological advancements like 5G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated biannually to reflect any changes in market dynamics. The impact of external factors, such as the COVID-19 pandemic, is considered at the country-specific level. The text incorporates current exchange rates in its modeling. Additionally, any impacts from events like the Russia-Ukraine war or significant industry developments are considered on a country-specific basis. The market information is refreshed twice a year. In some instances, updates are made on an ad hoc basis, such as when new pertinent data is released or substantial shifts within the market impact projected trends. Consumer Insights data is reweighted to ensure representativeness.