Video Game Market
Video games are very popular and the market has grown continuously since the end of the video game crash of 1983. The market research company NPD estimated that video game hardware, software, and accessories sold about US$10.3 billion in 2002. This was a 10% increase over the 2001 figure.
The video game market changes over the years as new video game consoles are introduced. This has happened in cycles of about 5 years or so, in which multiple manufacturers release their consoles within about a year of each other, then they and the video game publishers enjoy several years of game sales until technology has improved enough for a new cycle to begin. At that point, games for the old consoles generally enjoy some residual sales, but the video game public as a whole has moved on to the new generation of machines. The current dominant consoles are: