Keyboards Global Market Report 2024

The keyboards market size has grown steadily in recent years. It will grow from $9.56 billion in 2023 to $9.76 billion in 2024 at a compound annual growth rate (CAGR) of 2.1%. The growth observed in the historical period can be attributed to several factors, including the widespread adoption of personal computing, the expansion of gaming and esports industries, the automation of office tasks, replacement and upgrade cycles of hardware, and increased focus on ergonomic considerations in keyboard design.

The keyboards market size is expected to see steady growth in the next few years. It will grow to $10.73 billion in 2028 at a compound annual growth rate (CAGR) of 2.4%. Forecasted growth is driven by remote work trends, customization, mechanical keyboards, smart device integration, and sustainability focus. Anticipated trends include touchpad integration, durability improvements, smart features, eco-friendly materials, and deeper smart device integration.

The growth of the keyboard market is significantly influenced by the increasing prevalence of gamers who opt for keyboards as their gaming input devices. According to a survey by EEDAR, an NPD Group Company in the US, a substantial 67% of the total population, equating to 211.2 million gamers, engages in gaming activities. With a continuous rise in the number of gamers each year and the introduction of new games, the demand for specialized gaming keyboards is expected to surge. Gaming keyboards are designed with keys that can handle easy, fast, and repetitive keystrokes, catering to the specific requirements of gamers. The full-size layout with 104 keys offers a wide selection of potential inputs, allowing gamers flexibility in mapping game functions across readily accessible keys. Additionally, keyboards provide the option of using macros, allowing gamers to execute a series of commands with a single input. As a result, the increasing prevalence of gamers is anticipated to drive the growth of the keyboards market.

The keyboards market is expected to experience growth due to the rising number of information technology (IT) professionals. IT professionals play crucial roles within the IT industry, and keyboards are indispensable tools that enhance their productivity and facilitate effective communication. Keyboards serve as essential components for various IT tasks. According to the US Department of Labor Blog, overall employment in computer and information technology occupations is projected to grow at a rapid pace of 14.6% from 2021 to 2031, significantly outpacing the average growth rate for all occupations (5.3%). This projection underscores the increasing demand for IT professionals, which, in turn, contributes to the growth of the keyboards market.

The keyboards market faces a hindrance in growth due to the increasing prevalence of touchscreen devices such as smartphones, laptops, and tablets. Touchscreen functionality has been specifically designed to enhance navigation convenience, allowing users to perform a variety of tasks more easily compared to traditional input methods such as trackpads and mice. As of January 2022, an article from Zippia, Inc., a US-based provider of online recruitment services, reported that 294.15 million people in the United States use smartphones, with smartphone usage prevalent among 85% of adults. Moreover, the younger demographic, with 96% of those between the ages of 18 and 29, is reported to be smartphone owners. This widespread adoption of touchscreen devices, especially among various age groups, is anticipated to impede the growth of the keyboards market over the forecast period.

A significant trend gaining momentum in the keyboards market is the continual growth of technological advances. Major companies in the keyboard industry are actively focused on introducing innovative keyboard technology solutions to meet the evolving needs of users. An illustrative example is the launch of an innovative product by 3Dconnexion, a Germany-based computer application company. In September 2023, 3Dconnexion unveiled the Keyboard Pro with Numpad. This cutting-edge keyboard is equipped with 12 programmable 3Dconnexion keys, offering stability and minimal resistance. The advanced scissor technology employed in the keyboard automatically recognizes active applications, providing users with access to app-specific commands. This feature not only saves time but also enhances user focus by streamlining interactions with various applications.

Major companies operating in the keyboards market are focusing on the development of mechanical keyboards to drive their revenues. A mechanical keyboard is a specialized type of computer keyboard that employs individual mechanical switches for each key, as opposed to the rubber dome or membrane found in traditional keyboards. An exemplary instance is the collaboration between OnePlus, a China-based consumer electronics company, and Keychron, a France-based keyboard manufacturer. In February 2023, they launched a mechanical keyboard designed for easy assembly, allowing users to customize and adjust each component, creating a personalized typing experience. The gasket-mounted design, coupled with hot-swap switches, contributes to enhancing the keyboard's overall typing experience and performance. This emphasis on technological innovation reflects a key trend in the keyboards market.

In May 2021, Cherry GmbH, a Germany-based designer and producer of mechanical switches for high-precision gaming keyboards acquired Active Key GmbH & Co. KG for an undisclosed amount. The acquisition of Active Key strengthens Cherry's healthcare product line, adds significant specialist technical and engineering experience in-house, and satisfies growing customer demand for sanitary and washable computer peripherals. Active Key GmbH & Co. KG is a Germany-based manufacturer of hygienic, machine-washable keyboards and mice for use in industrial and medical applications.

Major companies operating in the keyboards market report are Apple Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Lenovo Group Ltd., HP Inc., ZF Friedrichshafen AG, ASUSTeK Computer Inc., OMRON Corporation, Logitech International SA, EpicGear, Corsair Components Inc., Razer Inc., Fellowes Brands LLC, Key Tronic Corporation, Shenzhen Rapoo Technology Co. Ltd., Riitek Corp., Targus Group International Inc., Rapoo Corporation, SteelSeries ApS, Filco Co. Ltd., Topre Corporation, Kinesis Corporation, Matias Corporation, Datadesk Technologies Inc., Fentek Industries Inc., WASD Keyboards, Azio Corporation, Huizhou Greetech Electronics Co. Ltd. - Greetech, Ducky Channel International Co. Ltd., Cooler Master Technology Co. Ltd., Das Keyboard Inc., HyperX, Mistel Keyboard, Nixeus Technology Inc., Wooting technologies. The North America was the largest region in the keyboard market in 2023. North America is expected to be the fastest-growing region in the global keyboard market analysis report during the forecast period. The regions covered in the keyboards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Primary types of keyboards include the basic QWERTY keyboard, wired and wireless variants, ergonomic, vertical, compact, adjustable, split, mechanical keyboards, and others. The QWERTY keyboard is the standard English typewriter and computer keyboard. These keyboards are distributed through online and offline stores and are utilized across corporate, personal, and gaming applications.

The keyboard market research report is one of a series of new reports that provides keyboard market statistics, including keyboard industry global market size, regional shares, competitors with a keyboard market share, detailed keyboard market segments, market trends and opportunities, and any further data you may need to thrive in the keyboard industry. This keyboard market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The countries covered in the keyboards market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The keyboard market consists of sales of keyboards, which are computer peripheral equipment used to add input functionality to a computer. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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