The net valuation of the global computer peripherals market is anticipated to be around US$ 446 billion in 2023. Decreasing prices of consumer peripheral devices are anticipated to boost the demand, thereby, garnering US$ 1,214.1 billion in 2033. The market is likely to record a CAGR of 10.5% from 2023 to 2033.
The overall value of the market in the year 2018 was merely US$ 296 billion. As per the FMI market survey report, the sales progressed at an annual average growth rate of 8.4% between 2018 and 2022.
To meet the changing demands of consumers, players are making significant investments in peripheral devices. Heavy investments aid in technological development and offer various benefits, which are expected to positively impact the market in the forecast period.
Rapidly evolving computer peripheral devices to meet changing consumer requirements are expected to drive the market significantly in the forecast period. Growing disposable income, reduction in prices of consumer peripheral devices, and surging demand for external storage devices are other factors propelling the market expansion in the forecast period.
Also, rising digitalization in education institutions is notably driving the market in the assessment period. Various schools are adopting virtual education methods and offering online courses that are anticipated to positively impact the market.
Growing demand for external storage devices and the introduction of technologically modern products are expected to drive the market in the forecast period.
USB devices like USB flash drives are expected to emerge as an efficient tool for sharing and storing data more quickly. This is projected to give various avenues of expansion to players in the coming time.
| Attribute | Details |
|---|---|
| Computer Peripherals Market Valuation in 2022 | US$ 409.55 billion |
| Estimated Global Market Share in 2023 | US$ 446 billion |
| Forecasted Global Market Size by 2033 | US$ 1,214.1 billion |
| Projected Global Market Growth Rate from 2023 to 2033 | 10.5% CAGR |
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Rising Digitalization in Education Sector to Boost the Market
Students can also enroll in several courses offered by several other online course providers like Coursera, Udemy, BYJYU’s, edX, and Unacademy, among others. Therefore, rising digitalization, especially, among developing nations is anticipated to augment the market size in the assessment period.
Increasing strategic partnerships and acquisitions are anticipated to provide a significant boost to the market in the forecast period. For instance, in March 2020, BluPeak, a PC and hardware player, inked a partnership agreement with Dicker Data.
In May 2019, similarly, Toshiba Memory Corp and Western Digital Corp disclosed an agreement to jointly invest in the K1 manufacturing facility that Toshiba Memory is constructing in Kitakami, Iwate Prefecture, Japan. The rise in such initiatives is expected to bolster the industry in the forecast period.
The rise in counterfeit products is expected to act as a significant market restrain during the forecast period. Various consumer electronics manufacturers face such challenges with the availability of counterfeit products at local stores and as well as e-commerce channels.
Their easy availability through various distribution channels is projected to hinder market expansion in the coming time. Also, the rising preference for smartphones and tablets over computers and laptops is anticipated to be a significant factor impeding the expansion in the forecast period.
However, with players taking several initiatives to tackle such challenges, the market is expected to show significant growth. For instance, in February 2022, Micross Components, Inc. an eminent mission-critical microelectronic provider, hosted a webinar on the supply chain challenges faced by specifiers, procurers, and designers. The title of the webinar was ‘How can we eliminate the risk of potentially using counterfeit parts?’ The webinar might offer industry insights and lessons from manufacturers and trusted solutions employed to eradicate the risk of counterfeit parts.
Principal Consultant
The increasing demand for external devices and the growing disposable income of an individual is expected to offer significant opportunities in the forecast period. The surge in data traffic and the growing need for compact and better storage devices is likely to enhance demand for better USB devices across the globe, thus, offering significant opportunities to players.
Players in the global computer peripherals market are taking several initiatives to expand their reach. For instance, in August 2021, Kingston Digital announced the launch of a new DataTraveler Max USD drive.
The company states that the USB-3 3.2 flash drive is likely to give record-breaking speeds for data transmission of up to 1,000 MB/s read and 900 MB/s. Production of such products is likely to drive the market and also act as an opportunity to market growth.
As per the analysis, in the end-use segment, the commercial segment is expected to dominate the market in the forecast period. The segment is projected to expand at a 10.2% CAGR in the forecast period. The growth of the segment can be attributed to the rapid growth of the IT sector, which generates huge demand for computer peripherals. Developed nations such as the United States and Canada are anticipated to notable contributions in driving the market expansion.
| Category | By Connectivity |
|---|---|
| Top Segment | Wired Computer Peripherals |
| Market Share in Percentage | 59.4% |
| Category | By End Use |
|---|---|
| Top Segment | Commercial |
| Market Share in Percentage | 60.3% |
On the other hand, by product type, the storage devices segment is likely to dominate the market in the forecast period. The segment is anticipated to expand at an 11% CAGR during the forecast period. The growth of the segment can be attributed to the increased demand for efficient USB devices. An increase in data traffic and the rising requirement for compact and efficient storage devices are likely to enhance the demand for better USB devices across the globe.
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| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| North America | 32.1% |
| Europe | 25.5% |
As per the analysis, the global computer peripherals market is anticipated to be dominated by North America during the forecast period. As per the observations, the market in the United States is expected to make a substantial contribution to developing the regional market. The United States is anticipated to secure US$ 250 billion by 2033 while expanding at a CAGR of 9.6% from 2023 to 2033.
The presence of the most established players in the region is another salient factor driving the market in the region. For instance, in April 2022, Apple announced to unveil of two new Macs at WWDC 2022.
The Europe market is anticipated to be a lucrative market during the forecast period. As per the estimations, the United Kingdom is likely to be the most active player in propelling the market. The United Kingdom is projected to garner US$ 90.2 billion, exhibiting a CAGR of 9.8% in the forecast period from 2023 to 2033.
The growth of the regional market can be credited to the increasing involvement of the government. For instance, the United Kingdom government awarded 15 million Euros to six universities and laboratories to work on the world’s leading radio telescope. Two teams from Oxford plan to work on software and computer hardware. Such initiatives are expected to propel the market in the forecast period.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| United States | 17.6% |
| Germany | 10.4% |
| Japan | 5.4% |
| Australia | 2.6% |
APAC is anticipated to be a fast-growing market during the forecast period. The growth of the region can be attributed to the presence of rapidly developing countries such as; India, China, and Japan. As per the estimations, China is expected to garner US$ 87.5 billion in 2033.
The region is projected to exhibit a CAGR of 12.4% from 2023 to 2033. For instance, in April 2022, Lenovo announced to invest billions of dollars in the coming five years in research and development for modern technologies. The money is aimed to be spent on products and services related to the fast-growing metaverse space.
The market in Japan is anticipated at US$ 50.1 billion while expanding at a CAGR of 12% during the forecast period. The expansion of the Japanese market can be attributed to the presence of strong players making aggressive investments in expanding the industry. Moreover, the rapid technological development of the region is expected to offer significant opportunities for market expansion in the forecast period.
Analysis reveals that the market in India is expected to garner US$ 62.8 billion while expanding at a CAGR of 12% during the forecast period from 2023 to 2033. The growth of the market can be attributed to the increasing government participation in providing computer systems to underprivileged children.
The active participation of NITI Ayog and the growing participation of BYJYU are other salient factors developing the market. For instance, initiatives such as Skill India and the Digital India program are expected to benefit the market. In April 2022, the Chozuba Center of All India Computer Sakshatra Mission was formally inaugurated in the Phek district of Kohima. Such initiatives are likely to assist the expansion of the market in India.
| Countries | CAGR (2023 to 2033) |
|---|---|
| United States | 9.7% |
| United Kingdom | 9.9% |
| China | 12.5% |
| Japan | 12.1% |
| India | 12.2% |
Key players in the global computer peripherals market include Hewlett-Packard Enterprise Canon Inc., Dell, Inc., Apple, Inc., and Seiko Epson Corporation, among others.
Recent key Developments by the Market Players are:
The presence of the most established players in the region drives the market.
Surging demand for external storage devices is the lucrative opportunity of the market.
The introduction of technologically modern products is the key trend in the market.
Rising digitalization in the education sector drives sales.
The market is forecast to register a CAGR of 10.5% through 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Connectivity
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Connectivity, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Connectivity, 2023 to 2033
5.3.1. Wired
5.3.2. Wireless
5.4. Y-o-Y Growth Trend Analysis By Connectivity, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Connectivity, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By End Use, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End Use, 2023 to 2033
6.3.1. Residential Use
6.3.2. Commercial Use
6.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis by Product Type, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast by Product Type, 2023 to 2033
7.3.1. Input Devices
7.3.2. Output Devices
7.3.3. Storage Devices
7.4. Y-o-Y Growth Trend Analysis by Product Type, 2018 to 2022
7.5. Absolute $ Opportunity Analysis by Product Type, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. South Asia
8.3.5. East Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. The USA
9.2.1.2. Canada
9.2.2. By Connectivity
9.2.3. By End Use
9.2.4. By Product Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Connectivity
9.3.3. By End Use
9.3.4. By Product Type
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Connectivity
10.2.3. By End Use
10.2.4. By Product Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Connectivity
10.3.3. By End Use
10.3.4. By Product Type
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Connectivity
11.2.3. By End Use
11.2.4. By Product Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Connectivity
11.3.3. By End Use
11.3.4. By Product Type
11.4. Key Takeaways
12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Malaysia
12.2.1.3. Singapore
12.2.1.4. Thailand
12.2.1.5. Rest of South Asia
12.2.2. By Connectivity
12.2.3. By End Use
12.2.4. By Product Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Connectivity
12.3.3. By End Use
12.3.4. By Product Type
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Connectivity
13.2.3. By End Use
13.2.4. By Product Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Connectivity
13.3.3. By End Use
13.3.4. By Product Type
13.4. Key Takeaways
14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Connectivity
14.2.3. By End Use
14.2.4. By Product Type
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Connectivity
14.3.3. By End Use
14.3.4. By Product Type
14.4. Key Takeaways
15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Connectivity
15.2.3. By End Use
15.2.4. By Product Type
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Connectivity
15.3.3. By End Use
15.3.4. By Product Type
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Connectivity
16.1.2.2. By End Use
16.1.2.3. By Product Type
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Connectivity
16.2.2.2. By End Use
16.2.2.3. By Product Type
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Connectivity
16.3.2.2. By End Use
16.3.2.3. By Product Type
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Connectivity
16.4.2.2. By End Use
16.4.2.3. By Product Type
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Connectivity
16.5.2.2. By End Use
16.5.2.3. By Product Type
16.6. United Kingdom
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Connectivity
16.6.2.2. By End Use
16.6.2.3. By Product Type
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Connectivity
16.7.2.2. By End Use
16.7.2.3. By Product Type
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Connectivity
16.8.2.2. By End Use
16.8.2.3. By Product Type
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Connectivity
16.9.2.2. By End Use
16.9.2.3. By Product Type
16.10. India
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Connectivity
16.10.2.2. By End Use
16.10.2.3. By Product Type
16.11. Malaysia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Connectivity
16.11.2.2. By End Use
16.11.2.3. By Product Type
16.12. Singapore
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Connectivity
16.12.2.2. By End Use
16.12.2.3. By Product Type
16.13. Thailand
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Connectivity
16.13.2.2. By End Use
16.13.2.3. By Product Type
16.14. China
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Connectivity
16.14.2.2. By End Use
16.14.2.3. By Product Type
16.15. Japan
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Connectivity
16.15.2.2. By End Use
16.15.2.3. By Product Type
16.16. South Korea
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Connectivity
16.16.2.2. By End Use
16.16.2.3. By Product Type
16.17. Australia
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Connectivity
16.17.2.2. By End Use
16.17.2.3. By Product Type
16.18. New Zealand
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Connectivity
16.18.2.2. By End Use
16.18.2.3. By Product Type
16.19. GCC Countries
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Connectivity
16.19.2.2. By End Use
16.19.2.3. By Product Type
16.20. South Africa
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Connectivity
16.20.2.2. By End Use
16.20.2.3. By Product Type
16.21. Israel
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Connectivity
16.21.2.2. By End Use
16.21.2.3. By Product Type
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Connectivity
17.3.3. By End Use
17.3.4. By Product Type
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. IBM Corporation
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Microsoft Corporation
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Toshiba Corporation
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Logitech
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Hewlett Packard Enterprise Development LP
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Dell, Inc.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Intel Corporation
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. SAMSUNG
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Apple
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Ricoh
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Computer Peripherals Market
