FPS Game Market Size, Share, Industry Analysis, Trends, Growth, 2032

FPS Game Industry Prospective:

The global FPS game market size was worth around USD 28.99 billion in 2023 and is predicted to grow to around USD 47.34 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.60% between 2024 and 2032.

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FPS Game Market: Overview

First-person shooter (FPS) games are a type of entertainment programs that involve some form of weapon-based fighting or combat as witnessed from a first-person perspective. This means that the player experiences the entire game or action as the main character in the game. FPS entertainment programs are designed to be enjoyed and played mimicking the real world in which a person sees the activities in the neighboring surroundings through their own eyes. FPS games are classified in the action game genre since they share multiple attributes with other forms of shooter games. Market players in recent times have been able to create massive demand for FPS games in recent times due to several technological advancements that have allowed the games to become immersive thus encouraging a greater number of players to participate. These advancements can be witnessed in the form of game or console technology. In addition to this, the emerging segment of virtual reality (VR) and augmented reality (AR) in the gaming industry is expected to help the industry of FPS games flourish during the forecast period. However, first-person shooter games have faced severe backlash from several welfare agencies since they have been accused of influencing the already growing violent streak among children thus limiting the market’s adoption rate.

Key Insights:

• As per the analysis shared by our research analyst, the global FPS game market is estimated to grow annually at a CAGR of around 5.60% over the forecast period (2024-2032)
• In terms of revenue, the global FPS game market size was valued at around USD 28.99 billion in 2023 and is projected to reach USD 47.34 billion, by 2032.
• The FPS game market is projected to grow at a significant rate due to the rising smartphone technologies allowing FPS games to run efficiently
• Based on the application, the individual game users segment is growing at a high rate and will continue to dominate the global market as per industry projection
• Based on the type, the home-use game console segment is anticipated to command the largest market share
• Based on region, Asia-Pacific is projected to dominate the global market during the forecast period

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FPS Game Market: Growth Drivers

Rising smartphone technologies allowing FPS games to run efficiently will drive the market growth rate

The global FPS game market is expected to grow due to the surging technological advancements in the smartphone industry. Recent mobile phones equipped with smart technology are designed to host several forms of games without impacting the overall device performance. These smartphones can not only host several games but also deliver exceptional gaming experience. For instance, mobile phone maker Asus announced the launch of ROG Phone 8 Pro in January 2024. The smart device is made using intelligent software, and sophisticated hardware, and offers exceptional gaming features. It is powered by Qualcomm Snapdragon 8 Gen 3 chipset facilitating a smooth and lag-free gaming involvement. Similarly, smartphone brands are targeting the thriving group of gamers across the globe by developing portable devices that can be used for entertainment purposes from anywhere. In addition to this, the growth rate of gaming smartphone launches has been considerably high in the last few years thus creating a better customer reach of gaming mobile phone developers.

Surge in the number of professional and amateur online gamers will impact the market’s revenue rate

Video gaming, until a few years ago, was not accessible to a large part of the population. The cost of video games was exceptionally high which is further impacted by the lack of access to tools or equipment required for playing video games including first-person shooter programs. However, the growth in the number of options in terms of games and gaming accessories among other factors has led to a significant increase in the number of amateur or professional video game players across the globe. The number of gaming enthusiasts has also been affected by the rise in consumer awareness. As per the Academy of Animated Art, more than 3.2 billion people globally are avid video game players with Asia acting as the largest market and housing over 1.48 billion of these players. In addition to this, the growing acceptance of video games in the sports industry in the form of a flourishing esports sector has allowed the global FPS games market to gain more attention worldwide. In March 2024, the Saudi Arabian government announced the launch of a USD 120 million esports and gaming investment fund to promote the regional esports industry as the nation is seeking ways to diversify its economic growth.

FPS Game Market: Restraints

Concerns of FPS games promoting violence among players may limit the market’s adoption rate

The global industry for FPS games is expected to be restricted due to the rising backlash that the market is receiving from welfare organizations especially the parents or guardians of children. FPS games have been accused of promoting violent behavior among young minds. Scientists at the American Psychological Association are of the view that although there is a link between aggressive behaviors and violent games, the latter cannot be entirely blamed for growing violence worldwide. However, the prevalence of the notion that violent FPS games can promote aggressive behavior acts will limit the market’s overall adoption rate.

FPS Game Market: Opportunities

Virtual reality and augmented reality technologies could reshape the industry’s growth trajectory

The global FPS game market is expected to benefit from the increasing investments in the development of more immersive and exciting VR and AR solutions. Virtual or augmented reality has managed to revolutionize the online gaming industry in the past few years. The growth in the technological advancements of existing VR and AR solutions will help the industry grow further during the projection period. In May 2024, reports suggested that Asus was working on building a new virtual reality headset built on the Horizon Operation System (OS) by Meta. Currently, the other prominent players in the industry include Apple and Microsoft. In June 2023, Meta announced that it was launching a VR subscription service starting at USD 7.99 per month. Furthermore, the company recently launched the third version of its existing VR headset in the form of Meta Quest 3. First-person shooter games can be made more engaging by developing more proficient consoles that work in tandem with virtual reality solutions to improve gaming expertise. In a recent event, Xbox announced that it is ready to launch the next-generation gaming console. As per market reports, the consoles will be the largest technological leap in global hardware history.

Increasing the launch of new FPS games worldwide will help the industry players in the long run

Since the demand for novel online games is at its highest, FPS game developers are increasingly focusing on launching new games with advanced themes and overall playing features. In May 2024, the famous first-person shooter game PUBG Mobile 3.2 update was reported to be launched soon. The global FPS game market witnessed the launch of The Finals, a new first-person shooter game in December 2023. The game is available on Xbox Series X|S, PlayStation 5, and PC through Steam.

FPS Game Market: Challenges

Tough competition from other video games in addition to the high cost of gaming accessories will challenge the market expansion rate

The global FPS game industry is projected to be challenged due to the high competition that the industry faces from other forms of games. Some of the popular games include puzzle variants, sandbox games, racing entertainment programs, battle royale games, and massively multiplayer online role-playing games. Furthermore, the high cost of accessories required to achieve an engaging gaming experience can limit the market’s growth rate.

FPS Game Market: Segmentation

The global FPS game market is segmented based on application, type, and region.

Based on the application, the global market segments are school education, competitive games, and individual users. In 2023, the highest growth rate was witnessed in the individual game users. First-person games are supposed to be enjoyed by players from a first-person perspective. The growing sale of gaming consoles as well as the increased rise in console technology is driving the segmental growth demand. In 2022, Xbox, a leading developer of high-performance consoles, generated more than USD 7700 million in revenue.

Based on the type, the global market divisions are mobile, PC, and home-use game consoles. In 2023, the leading revenue-generator was the home-use game console segment. The technology backing gaming consoles is specially designed to deliver exceptional gaming environments for the players. Moreover, console developers are launching new systems with advanced VR and AR integration features. In 2023, the global console market was valued at more than USD 23 billion.

FPS Game Market: Report Scope

FPS Game Market: Regional Analysis

Asia-Pacific to lead the market growth rate during the projection period

The global FPS game market will be dominated by Asia-Pacific during the projection period. The region is home to the largest online gaming population. More than 50% of global video game players are spread across several parts of the Asia-Pacific including countries such as China, India, Japan, and South Korea. In 2021, more than 680 Chinese citizens were reported to be playing video games regularly. Furthermore, the growing regional revenue is attributed to the rise in the population of a younger generation with a keen interest in video games. It is further affected by the rising disposable income and growing urbanization. Currently, Asia-Pacific is also producing several FPS games with engaging characters and overall storylines. In a recent event, Microsoft China announced that it will soon launch The Master Chief Collection in China as the company is witnessing a surging interest in the game among regional players.

North America is expected to contribute as the second-highest revenue generator led by the presence of several revolutionary FPS game developers in the US. In addition to this, popular gaming consoles including Xbox have emerged from the US region. The surging interest in esports among US video gamers will fuel the regional market demand.

FPS Game Market: Competitive Analysis

The global FPS game market is led by players like:

• Infinity Ward (Call of Duty: Modern Warfare series)
• Electronic Arts (EA) (Battlefield series)
• MachineGames (Wolfenstein series)
• Respawn Entertainment (Apex Legends
• Titanfall series)
• Bungie Inc. (Destiny series
• formerly Halo series)
• Ubisoft (Far Cry series
• Rainbow Six Siege)
• Raven Software (Call of Duty series)
• Epic Games (Unreal Tournament series)
• Gearbox Software (Borderlands series)
• id Software (DOOM series
• Quake series)
• DICE (Battlefield series)
• Activision Blizzard (Call of Duty series)
• Treyarch (Call of Duty: Black Ops series)
• Valve Corporation (Counter-Strike series
• Half-Life series)
• 343 Industries (current Halo series).

The global FPS game market is segmented as follows:

By Application

• School Education
• Competitive Game
• Individual Users

By Type

• Mobile
• PC
• Home-Use Game Console

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa