Market Size of India Gaming Headset Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 72.57 Million |
| Market Size (2029) | USD 155.23 Million |
| CAGR (2024 - 2029) | 16.42 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India Gaming Headset Market Analysis
The India Gaming Headset Market size is estimated at USD 72.57 million in 2024, and is expected to reach USD 155.23 million by 2029, growing at a CAGR of 16.42% during the forecast period (2024-2029).
- India's growing gaming culture is driven by the expansion of broadband connectivity in Tier-II and Tier-III cities, plummeting data costs, and the affordability of smartphones. This convergence significantly widened gaming's reach, appealing to a broader demographic.
- The growing popularity of gaming and virtual reality applications is driving the demand for headphones and earphones in India. These devices enhance the gaming experience by providing immersive sound effects and spatial audio. Hootsuite reported that India's digital population surpassed 751 million active users in January 2024, bolstered by the government's Digital India initiative and the steady rise in internet penetration. Notably, mobile internet users held sway, driving the traffic in the world's second-largest internet market.
- India, which boasts around 442 million gamers, is the world's second-largest gaming market, trailing only China. Over the past five years, the Indian gaming sector has attracted a substantial USD 2.8 billion in investments from both local and international sources. Notably, the real-money gaming (RMG) segment emerged as a primary revenue generator, as highlighted in the report by Grant Thornton Bharat and the E-Gaming Federation (EGF).
- The Grant Thornton Bharat and E-Gaming Federation (EGF) report reveals that real-money gaming accounts for 83-84% of the revenue in India's gaming sector. The report also highlights that India boasts a staggering 100 million daily gamers, with 90 million of them being paying customers. Furthermore, game downloads in the nation surged from 5.65 billion to 9.5 billion, solidifying India's position as the source of 16% of global game downloads. The country is home to approximately 15,000 game developers and programmers. Mobile gaming dominates the market, capturing a significant 90% share of the online gaming market.
- In the current market scenario, monetization is dominated by publishers and advertisers. However, market restraints like limited local game development and monetization of gamers are still challenging the high potential. In recent years, the overall internet ecosystem initiated a course correction through end-to-end local game development.
