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Game Console Revenue

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SOURCE RESEARCH

Media Devices: UltraHD, 4K, HDR, 8K, HEVC

Market Data | 1Q 2023 | MD-CHD-176

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The console market is set to continue growing, as penetration rates improve in most markets worldwide. Major driving forces include the improvements in successive console generations stimulating replacement cycles, growing scale to drive down price points, and the increasing number of active gamers. However, the rapid growth in the mobile gaming segment, which is mostly due to improvements in smartphone/tablet graphics capabilities and enhancements in screen size and quality, is posing an increasing threat to the console games market.

 

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