Computer Peripheral Market
Computer Peripheral Market Size, Share & Industry Analysis, By Product Type (Printers, Monitors, Keyboards, Mice, External Storage Devices), By Connectivity (Wired, Wireless), By End-User (Residential, Commercial, Industrial), By Distribution Channel (Online, Offline), By Price Range (Budget, Mid-range, Premium), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) -- Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview:
The global computer peripheral market is expected to develop at a 5.8% CAGR from 2024 to 2031. The market value is predicted to rise from USD XX billion in 2024 to USD YY billion in 2031. Asia-Pacific is expected to dominate the market, owing to rapid technological improvements and increased digitalisation across numerous sectors. Rising demand for high-performance peripherals, more wireless device use, and a greater emphasis on ergonomic design are among the key metrics.
The market is expanding rapidly due to the proliferation of smart devices, the expansion of e-commerce platforms, and the growing trend of remote work and online education. Innovations in networking technologies, as well as the incorporation of artificial intelligence into peripherals, are driving market growth.
Market Dynamics:
Market Trend: Surge in demand for ergonomic and customizable peripherals reshapes user experience
The Computer Peripheral Market is undergoing a significant transition towards ergonomic and customisable devices, owing to increased awareness of the importance of comfort and productivity in both work and gaming situations. This trend is especially obvious in the keyboard and mouse markets, where manufacturers are proposing novel designs that prioritise user convenience while lowering the danger of repetitive strain injuries. For example, the use of split keyboards, vertical mice, and adjustable monitor stands has increased significantly in recent years. The customisation aspect includes features such as programmable buttons, RGB illumination, and interchangeable components, which allow users to personalise their peripherals to their needs and preferences. This trend not only improves user experience, but it also creates new opportunities for product differentiation and premium pricing tactics in the market.
Market Driver: Remote work and e-learning boost demand for high-quality computer peripherals
The global trend towards remote work and online education has emerged as a significant driver of the Computer Peripheral Market. With millions of individuals globally transitioning to work-from-home and virtual learning environments, the need for high-quality peripherals has skyrocketed. This trend has resulted in a considerable increase in sales of webcams, headsets, and ergonomic input devices. According to a global industry report, the worldwide webcam market alone will expand by 80% year on year in 2023, shipping over 52 million devices. The demand for dependable and efficient home office setups has driven sales of multifunction printers and external monitors. Companies are reacting to this need by creating peripherals specifically built for remote work environments, including increased audio-visual capabilities, noise-cancellation technology, and expanded networking possibilities. This factor is projected to have a long-term impact on the industry, as hybrid work patterns grow more common across numerous industries.
Market Restraint: Supply chain disruptions and component shortages impact product availability
The Computer Peripheral Market is facing considerable challenges due to persistent supply chain disruptions and component shortages, particularly in semiconductor chips. These concerns have resulted in production delays and higher manufacturing costs, influencing product availability and pricing. In 2023, the worldwide chip scarcity caused a 15% reduction in production capacity for several peripheral categories, resulting in longer lead times and inventory shortages. This circumstance has pushed some manufacturers to rethink their goods or seek alternate components, which may have an influence on product quality and performance. The limitation has also resulted in price inflation, with some peripheral categories seeing up to a 20% increase in retail prices. While attempts are being made to address these supply chain concerns, the continued geopolitical tensions and complexity of global supply networks indicate that this constraint may continue to affect the market in the short to medium term.
Segment Overview
The Monitors segment dominates the Computer Peripheral Market, driven by increasing demand for high-resolution displays and multi-monitor setups:
The Monitors category has emerged as the leading force in the Computer Peripheral Market, accounting for around YY% of the total market share by 2023. This domination is partly due to the increasing demand for high-resolution displays, ultrawide monitors, and multi-monitor configurations in a variety of industries, including gaming, graphic design, and professional workspaces. The segment has seen tremendous technological breakthroughs, with OLED and Mini-LED technologies pushing the limits of display quality and performance.
In recent news, prominent monitor makers have been focussing on developing screens with greater refresh rates and reduced reaction times to cater to the growing gaming market. For example, a major industry leader recently introduced a 360Hz gaming monitor, which established a new standard for competitive gaming peripherals. This debut has triggered a race among manufacturers to build even quicker displays, pushing more innovation in the segment.
The professional and creative industries have also contributed significantly to the Monitor segment's growth. The growing use of 4K and 8K resolution screens in sectors like video editing, 3D modelling, and scientific visualisation has resulted in a strong demand for high-performance monitors. According to a recent industry survey, 68% of professional video creators regard high-resolution monitors to be necessary tools for their job, demonstrating strong and continuing demand in this market.
Regional Outlook:
North America dominates the Computer Peripheral Market, driven by technological advancements and high consumer spending on electronics.
North America has established itself as the dominant region in the worldwide Computer Peripheral Market, accounting for around 38% of the market share by 2023. This dominance is due to a number of factors, including the region's high adoption rate of new technologies, significant investments in research and development, and the existence of key market competitors. The United States, in particular, has led the way in computer peripheral innovation, with Silicon Valley serving as a hub for technological developments and product creation.
The high consumer expenditure on electronics and the quick adoption of smart home technology contribute to the region's good success. According to recent market data, the average American home owns 11 linked devices, indicating a strong penetration of computer peripherals in the region.
In terms of recent advancements, the North American market has experienced an increase in demand for high-performance gaming peripherals. The regional e-sports business has risen at an exponential rate, with revenues expected to approach $1.5 billion by 2023. This expansion has resulted in increased sales of gaming peripherals including mechanical keyboards, high-DPI mice, and low-latency monitors.
The region has also seen considerable advances in wireless peripheral technology. According to a recent industry report, wireless peripherals now account for more than 60% of all computer peripheral sales in North America, indicating that consumer preferences are shifting towards more flexible and clutter-free configurations.
Competitive Intelligence:
The computer peripheral market is characterised by fierce competition between existing firms and new entrants. Key market leaders have maintained their positions by ongoing innovation, strategic collaborations, and strong distribution networks. To obtain a competitive advantage, these organisations have focused on product differentiation and have integrated modern technologies such as AI and IoT into their services.
In terms of market share, the top five competitors control around YY% of the global market. The dominant company has a market share of approximately YY%, owing to its diversified product line and excellent brand recognition. The second-largest player, with a YY% market share, has been gaining ground through aggressive marketing and a concentration on gaming accessories.
Recent mergers and acquisitions have changed the competitive landscape. A noteworthy purchase in 2023 saw a big firm increase its position in the ergonomic peripheral area, indicating a strategic move towards health-conscious consumers. Furthermore, some corporations have made significant investments in R&D, with the industry average R&D spend increasing by 12% year on year.
The sector has also seen an increase in collaborations between peripheral manufacturers, content creators, esports teams, and technology businesses. These collaborations aim to co-develop products and raise brand awareness among target customer groups. For example, a major keyboard maker recently collaborated with a popular esports organisation, resulting in a 25% increase in sales for their gaming accessories line.
Looking ahead, the competitive landscape is projected to change as new competitors enter the market and leverage innovative technology. In the next years, there is also expected to be a greater emphasis on sustainability and eco-friendly products.
Analyst Opinion:
In the following years, the Computer Peripheral Market will experience considerable expansion and transformation. The integration of modern technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT) with traditional peripheral devices is opening up new avenues for innovation and market growth. We predict a trend towards increasingly intelligent and networked peripherals that can adapt to user behaviour and interface smoothly with a variety of devices and platforms.
The growth of biometric-enabled peripherals is one unique trend to keep an eye on. As cybersecurity concerns develop, we anticipate growing usage of peripherals with built-in fingerprint sensors, facial recognition capabilities, and other biometric authentication features. This trend not only improves security, but also allows for more personalised user experiences and seamless access across numerous devices.
Another significant trend is the increased emphasis on sustainability in peripheral design and manufacture. Consumers are increasingly preferring environmentally friendly products, prompting firms to investigate recyclable materials, energy-efficient designs, and circular economy models. This change is likely to impact product development methods and supply chain practices throughout the sector.
Major Players:
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Logitech International S.A.
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Microsoft Corporation
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Dell Technologies Inc.
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HP Inc.
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Lenovo Group Limited
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Apple Inc.
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Samsung Electronics Co., Ltd.
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Corsair Gaming, Inc.
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Razer Inc.
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ASUS Computer International
Key Developments:
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In June 2023, Logitech International S.A. introduced a new line of ergonomic peripherals built exclusively for remote workers, including improved noise-cancelling technology.
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In August 2023, Microsoft Corporation announced a strategic agreement with a prominent AI business to build next-generation intelligent peripherals for increased productivity.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)
5. COMPANY PROFILES
5.1. Logitech International S.A.
5.2. Microsoft Corporation
5.3. Dell Technologies Inc.
5.4. HP Inc.
5.5. Lenovo Group Limited
5.6. Apple Inc.
5.7. Samsung Electronics Co., Ltd.
5.8. Corsair Gaming, Inc.
5.9. Razer Inc.
5.10. ASUS Computer International (LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Surge in demand for ergonomic and customizable peripherals reshapes user experience
6.1.2. Integration of AI and IoT in peripheral devices
6.1.3. Growing adoption of eco-friendly and sustainable peripherals
6.2. Market Drivers
6.2.1. Remote work and e-learning boost demand for high-quality computer peripherals
6.2.2. Increasing popularity of gaming and e-sports
6.2.3. Technological advancements in display and input technologies
6.3. Market Restraints
6.3.1. Supply chain disruptions and component shortages impact product availability
6.3.2. Intense market competition and price pressure
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY PRODUCT TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Printers
7.1.1. Inkjet Printers
7.1.2. Laser Printers
7.1.3. 3D Printers
7.2. Monitors
7.2.1. LCD Monitors
7.2.2. LED Monitors
7.2.3. OLED Monitors
7.3. Keyboards
7.3.1. Mechanical Keyboards
7.3.2. Membrane Keyboards
7.3.3. Ergonomic Keyboards
7.4. Mice
7.4.1. Optical Mice
7.4.2. Laser Mice
7.4.3. Ergonomic Mice
7.5. External Storage Devices
7.5.1. Hard Disk Drives (HDD)
7.5.2. Solid State Drives (SSD)
7.5.3. USB Flash Drives
8. BY CONNECTIVITY (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Wired
8.1.1. USB
8.1.2. HDMI
8.1.3. Thunderbolt
8.2. Wireless
8.2.1. Bluetooth
8.2.2. Wi-Fi
8.2.3. RF Technology
9. BY END-USER (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Residential
9.2. Commercial
9.2.1. IT & Telecommunications
9.2.2. Healthcare
9.2.3. Education
9.2.4. BFSI
9.3. Industrial
9.3.1. Manufacturing
9.3.2. Automotive
9.3.3. Aerospace & Defense
10. BY DISTRIBUTION CHANNEL (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. Online
10.1.1. E-commerce Platforms
10.1.2. Company Websites
10.2. Offline
10.2.1. Specialty Stores
10.2.2. Supermarkets/Hypermarkets
10.2.3. Other Retail Stores
11. BY PRICE RANGE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
11.1. Budget
11.2. Mid-range
11.3. Premium
12. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
12.1. North America
12.1.1. United States
12.1.2. Canada
12.1.3. Mexico
12.2. South America
12.2.1. Brazil
12.2.2. Argentina
12.2.3. Rest of South America
12.3. Europe
12.3.1. Germany
12.3.2. United Kingdom
12.3.3. France
12.3.4. Italy
12.3.5. Spain
12.3.6. Russia
12.3.7. Rest of Europe
12.4. Asia-Pacific
12.4.1. China
12.4.2. Japan
12.4.3. India
12.4.4. Australia
12.4.5. South Korea
12.4.6. Rest of Asia-Pacific
12.5. Middle-East
12.5.1. UAE
12.5.2. Saudi Arabia
12.5.3. Turkey
12.5.4. Rest of Middle East
12.6. Africa
12.6.1. South Africa
12.6.2. Egypt
12.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
By Product Type:
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Printers
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Monitors
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Keyboards
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Mice
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External Storage Devices
By Connectivity:
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Wired
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Wireless
By End-User:
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Residential
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Commercial
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Industrial
By Distribution Channel:
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Online
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Offline
By Price Range:
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Budget
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Mid-range
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Premium
By Region:
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa
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