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Game consoles - statistics & facts

Games consoles were a sensation when they were first released in the early seventies, transforming the home television into an arcade gaming machine. Today, next-generation game consoles, manufactured by the likes of Microsoft, Nintendo, and Sony, feature some of the fastest computing and graphics processors. These devices offer 4K and 8K resolution output, allowing users to play video games that take part in massive virtual worlds and compete against or co-operate with other players around the globe. While allowing users to control a game that appears on an electronic display remains the primary focus of game consoles, most modern devices can perform the same functions as a home entertainment system.

Regional markets

In 2021, revenue from the video game console market surpassed 107 billion U.S. dollars, an increase of ten percent from the previous year. Analysts have put this down to the many people who turned to home entertainment during periods of self-isolation throughout the coronavirus pandemic, with the accessibility of game consoles making them a popular choice. In 2022, video game console revenues are again expected to be above 100 billion U.S. dollars, with the U.S. console market set to reach 7.25 billion U.S. dollars, while in Europe, revenues are predicted to approach 15 billion U.S. dollars.

PlayStation, Xbox, and Nintendo

Of the all-time video game console sales, three of the top five are Sony products. The PlayStation 2 is the best-selling video game console of all time, with Nintendo’s DS and Game Boy rounding out the top three. Other competitors include Microsoft’s Xbox console family, although Sony has sold over twice as many of its PlayStation 4 console when compared to the Xbox One. This is a trend that is expected to continue with the next generation of PlayStation and Xbox consoles, with the PlayStation 5 outselling the Xbox X/S consoles since all the products were launched in late 2020. Currently, the Nintendo Switch console leads the way for current generation game consoles, with over 25 million devices sold in 2021 alone.


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