Ampere Analysis: The console gaming market dropped in 2022; PlayStation 5 is selling almost twice as better as Xbox Series
The console market wasn't a safe place in 2022 too.
Ampere Analysis due to the instability of the dollar rate in 2022 is using two numbers - traditional and constant currency.
Market
The console gaming market declined from $60.9B in 2021 to $56.2B in 2022. The drop is 7.8% (or 2.1% in constant currency).
Overall console gaming market size is 18% larger than in pre-pandemic 2019.
Gaming services (subscriptions) is the only segment that shows positive dynamics. The growth was by 5.6% (10.9% in constant currency) - from $7.4B to $7.8B.
Content sales declined by 9.3% (3.4% in constant currency) - from $36B to $32.6B.
Hardware sales dropped by 10.3% (5% in constant currency) - from $17.6B to $15.8B.
Main console manufacturers
Sony's share of the market is 45%; Nintendo is holding 27.7%; Microsoft got 27.3%.
Microsoft’s share in 2022 increased by 1.8%. Sony lost 1.3% of the market; Nintendo - 0.5%.
Console sales
PlayStation 5 sales in 2022 reached 30M. Xbox Series is far behind with 18.5M consoles sold.
Nintendo Switch sales by the end of 2022 reached 119.5M. Analysts are positive that Nintendo will announce a new console in 2024.
Gaming content sales on consoles
Subscriptions is the only type of content that grew in 2022 (from $7.4B to $7.8B). Once again, the growth was 5.6% (10.9% in constant currency).
In-game purchases and DLC sales dropped by 14.7% (10.1% in constant currency) - from $13.8B in 2021 to $11.8B in 2022.
Premium game sales declined by 5.9% (but grew by 0.8% in constant currency) - from $22.2B in 2021 to $20.9B in 2022.