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Gaming Laptop Market

Market Study on Gaming Laptops: Discovering the Growing Need for Gaming Laptops, Especially Among the Young Demograohics, PMR Foresees a Broad Range of Revenue Generation Opportunities for Brands in the Coming Years

A Detailed Analysis of the Gaming Laptop Market Based on the Constantly Expanding Product Portfolio, New Product Launches, and Entry of New Players

Gaming Laptop Market

The global gaming laptop market is forecast to expand at a CAGR of 4.7% and thereby increase from a value of US$12.8 Bn in 2023, to US$17.6 Bn by the end of 2030.

Attributes

Key Insights

Gaming Laptop Market Size (2023E)

US$12.8 Bn

Projected Market Value (2030F)

US$17.6 Bn

Global Market Growth Rate (CAGR 2023 to 2030)

4.7%

Historical Market Growth Rate (CAGR 2018 to 2022)

4.5%

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Market Introduction and Definition

The gaming laptop market is a distinct sector comprising laptops that are designed to meet the needs and desires of gamers. Completing the rigorous specifications of contemporary video games, these laptops are constructed with high-performance hardware components. Gaming laptops, which are typically outfitted with potent processors, dedicated graphics cards, and sophisticated cooling systems, provide a gaming experience that is both portable and immersive.

In recent years, the market has experienced significant expansion, propelled by the growing prominence of esports, the emergence of mobile gaming, and the ongoing progressions in gaming technology. The ongoing expansion of gaming beyond conventional limits is anticipated to sustain the need for advanced gaming laptops, thereby establishing this sector as a critical component of the wider electronics industry.

Numerous significant factors contribute to the gaming laptop market's explosive expansion. Graphics processing units (GPUs) and processors, in particular, are technologically advanced and significantly contribute to the enhancement of the gaming experience on laptops. The continuous proliferation of virtual reality (VR) gaming has additionally amplified the need for powerful laptops that provide uninterrupted VR experiences.

Furthermore, the worldwide proliferation of online gaming, propelled by advancements in internet infrastructure, has substantially amplified the demand for gaming laptops that are both robust and quick. In addition, manufacturers have been presented with lucrative opportunities as the consumer base for gaming laptops has been broadened by the increasing disposable income in emerging markets. With ongoing innovation and a commitment to meeting the changing demands of gamers, these influential factors are anticipated to maintain the gaming laptop market's momentum for the foreseeable future.

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Market Growth Drivers

Industry's Unwavering Commitment to Technological Innovation

The primary driver behind the gaming laptop market's exponential growth is the industry's unwavering commitment to technological innovation. Prominently propelling the expansion of the market are technological advancements, specifically in the domains of graphics processing units (GPUs) and processors. The ongoing development and improvement of these essential elements have not only heightened the quality of the gaming encounter but also stimulated the market for state-of-the-art gaming laptops.

Over the past few years, graphics processing units (GPUs) have experienced a paradigm shift defined by the introduction of more robust and efficient architectures. The implementation of cutting-edge GPU technologies, exemplified by the real-time ray tracing functionalities of NVIDIA's RTX series, has notably enhanced the visual fidelity of laptop-based games. This technological advancement has not only satiated the desire for lifelike visuals among dedicated gamers, but it has also created novel opportunities within the domains of virtual reality (VR), and augmented reality (AR) gaming.

The integration of high-refresh-rate displays serves to enhance these developments even further, guaranteeing more fluid and engaging gaming encounters. Consequently, there is a growing consumer inclination towards gaming laptops equipped with the most recent GPU technologies, thereby forging a crucial connection between technological advancements and market wants.

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Market Restraints

Ongoing Struggle to Strike a Balance Between Thermal Constraints, and High Performance

Technological advancements drive the gaming laptop market; however, a significant limitation is the ongoing struggle to strike a balance between thermal constraints and high performance. The requirement for increased power in GPUs and processors creates a need for efficient cooling mechanisms. At the same time, manufacturers face a substantial obstacle in the form of restricted space in gaming laptops with compact form factors.

In the quest for ultra-high performance, considerable heat is frequently produced as a natural byproduct of robust hardware components operating at maximum capacity. Effective heat dissipation is of the utmost importance in order to avert thermal throttling, which occurs when the system reduces its operation in order to prevent scorching.

Dynamic Nature of Fashion Trends, and Evolving Consumer Preferences

One significant factor that poses a challenge to the gaming laptop market is the growing demand for products that effectively balance affordability and performance. As consumer demands for superior gaming experiences increase, so does the demand for state-of-the-art components. Nevertheless, the incorporation of these sophisticated technologies into gaming laptops frequently incurs increased manufacturing expenses, posing a dilemma for manufacturers who strive to maintain competitive pricing without compromising performance.

Continuous technological advancement in the gaming industry necessitates more potent graphics processing units (GPUs), processors, and other advanced components. Although these advancements enrich gaming experiences, they do contribute to the escalating production expenses.

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Opportunities

Normalization of Remote Work Culture, and the Growing Convergence of Professional and Gaming Applications

An opportunistic factor is propelling the gaming laptop market as the expanding prevalence of remote work and the growing convergence of professional and gaming applications. The increasing prevalence of remote work, which worldwide occurrences have expedited, has created a paradigm in which people prefer adaptable devices that allow for smooth transitions between work and recreational pursuits. Gaming laptops, characterized by their portable nature and potent hardware configurations, have emerged as a highly profitable option for both enthusiasts and professionals. This creates a substantial market expansion opportunity.

The surge in demand for high-performance computing devices can be attributed to the remote work of professionals who perform resource-intensive tasks, including software development, video editing, and 3D rendering. Gaming laptops, which are outfitted with powerful GPUs and processors, provide the necessary computational capabilities to manage these arduous tasks effectively. User performance is not compromised when transitioning between work-related duties and recreational gaming on gaming laptops, owing to their adaptability.

Gaming laptops are positioned as all-in-one solutions for individuals in search of a harmonious coexistence of productivity and entertainment due to their dual-purpose functionality. The gaming laptop market is poised to gain advantages from the increasing prevalence of remote work in the professional sphere, which represents a convergence of work and play preferences.

Analyst’s Viewpoint

The gaming laptop market is currently experiencing consistent expansion, which can be attributed to a convergence of various factors that collectively enhance its vitality. An essential driver of this expansion is the ceaseless rate at which technological advancements occur. Constant progress in critical components such as processors and graphics cards has not only improved the quality of gaming but also broadened the market's allure to a more extensive demographic.

The incorporation of state-of-the-art technologies, including high-refresh-rate displays and real-time ray tracing in graphics cards, signifies the gaming industry's dedication to expanding the limits of gaming hardware. In addition, the expanded market is substantially influenced by the shifting dynamics of work and leisure. In recent years, the increasing prevalence of remote work has caused a convergence of personal and professional computing requirements.

Gaming laptops have gained popularity as multipurpose devices that accommodate both professional and recreational needs owing to their exceptional performance capabilities. The ability of gaming laptops to serve dual purposes establishes them as indispensable devices for a wide range of consumers, including professionals who necessitate high-performance computing for work-related obligations.

Anticipating the future, the gaming laptop market is positioned for substantial expansion. The ongoing expansion of online gaming, the proliferation of competitions, and the ongoing evolution of gaming content collectively contribute to the sustained demand for high-performance computing devices. The increasing accessibility and affordability of gaming laptops is a positive indicator for market growth as manufacturers endeavor to accommodate a wider range of consumers. The emergence of 5G technology facilitates uninterrupted online gaming experiences, thereby creating a conducive atmosphere for the increased prevalence of multiplayer and cloud-based gaming on gaming laptops.

In a nutshell, gaming laptop market is anticipated to experience continuous expansion due to advancements in technology, shifting consumer preferences, and the growing impact of esports and online gaming. Manufacturers who adeptly manage the obstacles and remain aware of the constantly changing tastes of consumers will be strategically positioned to exploit the profitable prospects that arise from this dynamic and perpetually expanding market.

Supply-side Dynamics

The industry landscape is being significantly influenced by the dominant participants in the gaming laptop market, who achieve this status through ongoing innovation and astute business judgment. ASUS, for example, has established a reputation for its Republic of Gamers (ROG) series, which has persistently challenged the limits of performance in gaming laptops. With its elegant designs, the Alienware brand by Dell focuses on providing premium gaming experiences.

In addition to engaging in competition regarding hardware specifications, these entities exert market influence through the introduction of innovative cooling systems, customizable RGB illumination, and high-refresh-rate displays.

By engaging in strategic marketing initiatives and collaborating with prominent esports events and influencers, brands can enhance their visibility and establish greater consumer trust. Recognized for their potent configurations, Lenovo's Legion series, and MSI's gaming laptops both contribute to establishing industry standards.

By consistently allocating resources towards research and development, actively participating in gaming communities, and expanding their range of products, industry leaders significantly impact the course of the gaming laptop market. This not only fosters innovation but also affects consumer preferences worldwide.

Market Segmentation

Which is the Most Sought-after Component Category?

Graphic Cards Continue to Lead as the Emphasis on Visually Immersive Experiences Soars

It is anticipated that the Graphic Cards segment will hold the greatest market share in the gaming laptop market. The demand for enhanced graphic capabilities and the increasing emphasis on visually immersive experiences among gaming enthusiasts have led to a heightened significance placed on potent graphic cards in gaming laptops. This development establishes the Graphic Cards sector as the leader, possessing a significant portion of the market, which is indicative of the crucial function these elements perform in shaping the gaming experience.

The quickest growth is anticipated in the storage segment of the gaming laptop market. As the demand for expansive and high-quality video games increases, consumers are in search of gaming laptops that have more substantial storage capacities in order to accommodate these resource-intensive applications. Rapid growth in the Storage segment is anticipated due to the demand for faster and more extensive storage solutions, such as solid-state drives (SSDs), as gaming laptops evolve to accommodate the expanding storage needs of modern gamers.

Who are the Top End Users of gaming Laptops?

Casual Gamers will Remain the Prime Consumer Segment

It is anticipated that the Casual Gamers segment will hold the most market share in the gaming laptop market. This segment encompasses a wide range of consumers who are interested in gaming laptops for leisure activities and do not necessarily demand the most advanced specifications. A substantial portion of the market is occupied by gaming laptops, which appeal to the inclinations of casual gamers through their adaptability and accessibility.

On the contrary, it is expected that the Professional Gamers segment will experience the most rapid growth. In order to maintain a competitive advantage, professional gamers are placing a greater demand on high-performance gaming laptops equipped with cutting-edge features as esports and competitive gaming acquire widespread recognition. As the esports sector continues to expand, the increased need for high-end and specialized gaming laptops positions the Professional Gamers market segment for exponential expansion. This creates a niche market within the wider gaming laptop industry.

Top Regional Markets

North America Spearheads Banking on a Vast Gaming Culture

Geographically, North America is positioned to hold the largest market share in the gaming laptop industry. The main factors contributing to this phenomenon are the region's firmly established gaming culture, considerable levels of disposable income, and resilient technological infrastructure.

Early adoption of gaming trends has been a recurring pattern in North America; the region's significant purchasing power and the presence of a large community of enthusiastic gamers establish it as a key player in the global gaming laptop market. Moreover, the sustained market share dominance of the region is a consequence of the ongoing product launches and innovation initiatives undertaken by key manufacturers in North America.

Opportunities Abound in Asia Pacific as South Asia, and Oceania Witness the Strong Rise of Gaming Communities

Conversely, it is anticipated that South Asia, and Oceania will experience the most rapid growth in the gaming laptop market. The rising prevalence of gaming in developing economies across South Asia, including India, and the flourishing gaming communities in Oceania contribute to this forecast. The escalating internet penetration, rising disposable incomes, and expanding youth populations all contribute to the expansion of the gaming laptop consumer base in these regions.

As knowledge of gaming laptops spreads and their affordability becomes more prevalent, the market's comparatively unexplored characteristics offer substantial prospects for expansion. The burgeoning gaming culture in South Asia, and Oceania places the region in an advantageous position to witness swift market growth; thus, industry participants are placing significant emphasis on this region in pursuit of substantial expansion prospects.

Competitive Intelligence and Business Strategy

Strategic initiatives are utilized by the market leaders of gaming laptops, such as ASUS, Dell, HP, Lenovo, and MSI, to maintain and increase their market share. An essential strategy entails continuous innovation in both hardware and design. These corporations allocate substantial resources towards research and development in order to introduce state-of-the-art components and technologies, including sophisticated graphics cards, potent processors, and inventive cooling methods. ASUS demonstrates its dedication to innovation by consistently stretching the limits of gaming laptop performance and design with its Republic of Gamers (ROG) series.

An essential element in attaining optimal market share entails accommodating a wide range of consumer demands. An example of this is the Alienware brand by Dell, which aims to provide gamers with high-quality experiences and aesthetically pleasing, customizable designs that appeal to those who value both performance and aesthetics. The trend toward customization transcends brand boundaries, enabling individuals to tailor RGB illumination, keyboard layouts, and additional attributes that contribute to a more individualized gaming encounter. These businesses increase their market appeal by comprehending and catering to the diverse preferences of gamers.

In essence, attaining optimal market share in the Gaming Laptop Industry necessitates a confluence of factors: ongoing hardware innovation, extensive customization capabilities, calculated marketing endeavors, and astute comprehension of the varied inclinations prevalent among gamers. These dominant actors maintain a strong brand presence while adapting to emerging technologies and trends; this enables them to consolidate their positions and exert influence over the market's trajectory.

Key Company Developments

New Product Launch

Dell, a computer manufacturer based in the United States, introduced the Dell G16 gaming laptop featuring an i9-13900HX processor, RTX 4070 graphics card, and 240Hz QHD display in August 2023.

Market Impact: The August 2023 launch of the Dell G16 gaming laptop, which features premium components including an i9-13900HX processor, RTX 4070 graphics card, and 240Hz QHD display, is anticipated to generate a substantial influence on the worldwide gaming laptop market. This product launch not only signifies the ongoing pursuit for improved functionality but also establishes a novel benchmark for gaming laptops, impacting industry standards and consumer anticipations. By incorporating state-of-the-art functionalities, Dell establishes itself as a significant contender in influencing the competitive terrain and generating global interest in sophisticated gaming laptops.

(Source: India Today)

New Product Launched

Asus introduced the big-screen gaming trend in January 2023, in addition to new CPUs, and GPUs. The screen size of the gaming laptop is precisely 18 inches.

Market Impact: As well as introducing new CPUs and GPUs, Asus's January 2023 introduction of the big-screen gaming trend, which included an 18-inch gaming laptop, is anticipated to have a significant effect on the global gaming laptop market. This innovation not only satisfies the increasing desire for more expansive displays among gamers but also establishes a precedent that could potentially impact the design decisions of other producers. The increasing focus on screen size indicates a change in consumer inclinations. It possesses the capacity to reconfigure industry-wide product offerings, thereby promoting the global implementation of substantial displays in gaming laptops.

(Source: CNET)

Gaming Laptop Market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Component
  • End User
  • Region

Key Companies Profiled

  • Razer Inc.
  • Acer Inc.
  • Lenovo Group Limited
  • The Hewlett-Packard Company
  • Dell Technologies Inc.
  • Gigabyte Technology Co., Ltd
  • Samsung Electronics Co., Ltd
  • ORIGIN PC Corp.
  • AORUS Pte. Ltd.
  • Clevo Corporation
  • EVGA Corporation
  • Others

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

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Gaming Laptop Market Research Segmentation

By Component:

  • Processors
  • Peripherals
  • RAM Size
  • Graphic Cards
  • Storage
  • Display Size

By End User:

  • Professional Gamers
  • Hardcore Gamers
  • Casual Gamers
  • Others

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

- Companies Covered in This Report -

  • Razer Inc.
  • Acer Inc.
  • Lenovo Group Limited
  • The Hewlett-Packard Company
  • Dell Technologies Inc.
  • Gigabyte Technology Co., Ltd
  • Samsung Electronics Co., Ltd
  • ORIGIN PC Corp.
  • AORUS Pte. Ltd.
  • Clevo Corporation
  • EVGA Corporation

- Frequently Asked Questions -

The global market for gaming laptop is anticipated to grow at a CAGR of 4.7% during the projected period.

As of 2023, the global gaming market size is approximately US$12.8 Bn.

The US currently holds the largest value share of the market.

Some of the prominent players in the market are Razer Inc., Acer Inc., Lenovo Group Limited, The Hewlett-Packard Company, and Dell Technologies Inc.

The professional gamers segment of the market is expected to exhibit the fastest growth rate during the forecast period.

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