Key takeaways from the analysis:
- The total number of console gamers reached 11 million in 2019 and will reach 19.15 million in 2024
- The increase in spending through 2024 will be primarily driven by continued sales of Nintendo Switch, the introduction of a new console generation with Sony’s PlayStation 5 and Microsoft’s Xbox Series X, as well as increasing demand for HD games available on consoles, from both overseas and domestic publishers.
- PlayStation 4 is the current market leader, but will be surpassed by Nintendo Switch, which is selling at a faster rate.
- PS5 and Xbox Series X (expected to launch legally in China during 2021) will be key drivers of growth.