Gaming Hardware - Vietnam

Vietnam

Highlights

In Vietnam, revenue in the Gaming Hardware market market is projected to reach US$833.40m in 2024.
The revenue is expected to exhibit an annual growth rate (CAGR 2024-2029) of 9.79%, leading to a projected market volume of US$1.33bn by 2029.
Within the Gaming Hardware market market in Vietnam, the number of users is anticipated to amount to 1.4m users by 2029.
User penetration is forecasted to be 1.1% in 2024 and is expected to increase to 1.3% by 2029.
The average revenue per user (ARPU) in Vietnam is expected to be US$754.90.
In a global context, the majority of revenue will be generated China, with an anticipated figure of US$33.31bn in 2024.
Vietnam's gaming hardware market is experiencing a surge in demand as young consumers increasingly seek high-performance devices for immersive gaming experiences.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Gaming Hardware market in Vietnam is experiencing significant growth and development, driven by changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Vietnam are shifting towards gaming as a popular form of entertainment. With a growing young population and increasing disposable income, more Vietnamese consumers are investing in gaming hardware to enhance their gaming experience. Additionally, the rise of esports and online gaming platforms has further fueled the demand for gaming hardware in the country. Trends in the market indicate a strong growth trajectory for the gaming hardware industry in Vietnam. One notable trend is the increasing popularity of gaming laptops and gaming consoles. These portable gaming devices offer convenience and flexibility, allowing gamers to enjoy their favorite games anytime, anywhere. Furthermore, the demand for high-performance gaming peripherals such as gaming keyboards, mice, and headsets is also on the rise, as gamers seek to optimize their gaming experience. Local special circumstances in Vietnam contribute to the development of the gaming hardware market. The country has a vibrant gaming community, with numerous gaming events, tournaments, and gaming cafes. This gaming culture fosters a strong demand for gaming hardware, as gamers seek to stay competitive and improve their skills. Additionally, the availability of affordable gaming hardware options from both local and international brands further drives the market growth. Underlying macroeconomic factors also play a role in the development of the gaming hardware market in Vietnam. The country's steady economic growth and rising middle class have led to an increase in consumer spending power. As a result, more Vietnamese consumers are able to afford gaming hardware and are willing to invest in this form of entertainment. Furthermore, the growing internet penetration and improved access to online gaming platforms have created a conducive environment for the gaming hardware market to thrive. In conclusion, the Gaming Hardware market in Vietnam is experiencing significant growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. With a growing young population, increasing disposable income, and a vibrant gaming culture, Vietnam presents a promising market for gaming hardware manufacturers and retailers.

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.