The global sales of computer keyboard is projected to be worth USD 6,556.2 million in 2024 and expected to reach a value of USD 9,363.0 million by 2034. Sales are estimated to rise at a CAGR of 3.6% over the forecast period between 2024 and 2034. The income created by computer keyboard in 2023 was USD 6,339.4 million. The industry is projected to register a Y-o-Y growth of 3.4% in 2024.
Increasing demand for computers and peripherals in personal and professional settings is driving the computer keyboard market. With the rise in remote work and online education, people requires comfortable and reliable keyboard for long use. Moreover, popularity of gaming industry considerably fuels the demand for computer keyboards globally.
Furthermore, the shift to convenient office solutions has increased demand for ergonomic keyboards. These keyboards minimize strain and improve typing comfort. Health-conscious consumers and professionals are increasingly turning to these specialty keyboards to avoid repetitive strain injuries. The expanding trend of wireless technology also plays a role, as customers desire organized, portable keyboards with versatile connectivity, frequently using Bluetooth or RF technology.
Furthermore, technical improvements have resulted in the creation of keyboards with improved features such as backlighting, customizable keys, and touch sensitivity, which appeal to both casual and professional users. Overall, the confluence of these elements is driving long-term expansion in the computer keyboard market.
Global Computer Keyboard Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 6,339.4 million |
| Estimated Size, 2024 | USD 6,556.2 million |
| Projected Size, 2034 | USD 9,363.0 million |
| Value-based CAGR (2024 to 2034) | 3.6% |
Flexible keyboards popularity is increasing owing to their ability to provide enhanced portability and convenience. Flexible keyboards are usually lightweight and rollable, making them easy to carry and store. This portability is particularly appealing to users who need a keyboard on the go. Frequent travelers, mobile professionals, and students find it especially useful. The ability to easily fold or roll the keyboard into a compact size adds to its appeal. It can fit into small bags or pockets, providing convenience that traditional rigid keyboards cannot match.
In addition to these benefits, flexible keyboards also possess an ability to support multiple devices. They can be easily connected to smartphones, tablets, laptops, and even smart TVs via Bluetooth or USB. This makes them versatile tools for different applications, supporting the growth of computer keyboard market. This cross-device compatibility is mainly valuable in today’s multi-device environment. Users recurrently switch between various devices through the day, making flexibility important.
The companies in the computer keyboard market emphasize on presenting new flexible keyboards to improve their brand value. These players are developing flexible keyboards that address diverse users’ needs. This will help companies in targeting larger potential audience and increase their market revenue.
For instance, in April 2024, electronics accessories company, Satechi introduced SM1 Slim Mechanical Backlit Bluetooth keyboard for Windows, mac, and iPad. The estimated price of this keyboard is USD 99.99. It possess various features such as 16.5-hour battery life, 14 backlight patterns, and compact design.
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The below table presents the anticipated CAGR for the global computer keyboard market over several semi-annual periods spanning from 2024 to 2034. This assessment outlines changes in the computer keyboard industry and identify revenue trends, offering key decision makers an understanding about market performance throughout the year.
H1 symbolizes first half of the year from January to June, H2 spans from July to December, which is the second half. In the first half (H1) of the year from 2023 to 2033, the business is expected to grow at a CAGR of 3.3%, followed by an increased growth rate of 3.9% in the second half (H2) of the same year.
| Particular | Value CAGR |
|---|---|
| H1, 2023 | 3.3% (2023 to 2033) |
| H2, 2023 | 3.9% (2023 to 2033) |
| H1, 2024 | 3.1% (2024 to 2034) |
| H2, 2024 | 4.0% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to increase slightly to 3.1% in the first half and remain higher at 4.0% in the second half. In the first half (H1) the market witnessed a decrease of 20 BPS while in the second half (H2), the market witnessed an increase of 10 BPS.
Increasing Popularity of Wireless Keyboards is an Emerging Trend in Computer Keyboard Market
The rising fame of wireless keyboards is a key trend that's changing the computer keyboard market. As tech gets better, people seeks options that are easier to use and more adaptable. Wireless keyboards have become a top choice. They appeal to a wide range of users, from casual consumers to professionals and gamers.
A key factor driving this shift is the desire for clutter-free areas. Regular wired keyboards often create cable clutter, which can be an inconvenient in small or streamlined setups. By getting rid of wires, cordless keyboards result in a cleaner and more structured work environment. This attracts buyers who care about both looks and practicality. It's crucial for home workspaces where room is at a premium.
Another element driving the popularity of wireless keyboards is improved battery life and connectivity. Earlier models were frequently criticized for having limited battery life and inconsistent connections. However technological developments have considerably improved these drawbacks.
Modern wireless keyboards have a long battery life, frequently lasting months on a single charge or pair of batteries, and deliver steady, lag-free connectivity. These improvements have made wireless keyboards a more practical alternative for a larger audience.
Increasing Demand for Gaming Keyboards is fueling the Computer Keyboard Market Growth
Gaming industry is witnessing remarkable growth due to increase of e-sports, competitive gaming, and streaming platforms. Professional gamers prefers advanced keyboards with modern esthetics and customizable RGB lights. Due to this, gaming keyboards are anticipated notable growth through 2034. Gaming keyboards are distinct from regular keyboards.
They features mechanical switches with more accuracy and better touch feedback as compared to membrane keyboards. Mechanical keyboards are majorly preferred by gamers because they deliver faster response times and a more satisfying typing experience. This can make a big difference in competitive gaming where every millisecond matters, driving computer keyboard market.
Moreover, customization is a key another driver of growth in the gaming keyboard market. Gamers frequently seek keyboards that can be customized to their unique needs, whether through programmable keys, RGB lighting, or changeable key switches.
The option to configure macro commands or change key functionalities enables gamers to customize their keyboards for different games and play styles. This improves their overall gaming experience. The shift toward customization is strengthened by the expanding availability of modular keyboards, which allow users to swap out keycaps or even complete switches to build a design that perfectly meets their requirements.
Innovation in Touch-Sensitive and Gesture-Controlled Keyboard Technology is Creating Ample Opportunities for Computer Keyboard Market
In terms of keyboard modernization, touch and gesture keyboards are transformative as they reshape fine how users interact with their devices. Touch-sensitive keyboards work by sensing the user's touch on a responsive surface, as opposed to traditional keyboards that use physical keys and switches.
This have achieved a sleek and modern design yet allows for active flexibility and functionality. Users can have an intuitive typing experience as the touch-sensitive technology adapts to gestures at different pressures and accurately registers keystrokes with precision, adapting to various pressure levels and gestures.
Additionally, gesture keyboards take this innovation one step further by incorporating motion sensing technology. Users can execute commands and shortcuts using simple hand movements, swipes, or gestures. These keyboards extend beyond regular typing.
They provide a user interface that is both convenient and adaptable. Their applications include gaming, business, and accessibility. With touch-sensitive keyboards, the boundaries between user and machine interfaces are blurred, foreshadowing the future of intuitive and immersive computing experiences.
In the business world, gesture-controlled keyboards have an impact on how people give presentations and interact. Leaders and experts can use hand movements to change slides take a closer look at graphs, or point out important details during meetings without touching the keyboard. This hands-free way of doing things can make presentations run smoother and keep audiences engaged.
Price Sensitivity and Shift to Alternative Input Devices may affect Computer Keyboard Market Growth in the Projected Timeframe
Price sensitivity has a big impact on the computer keyboard market in places where people are price conscious. The wide range of available keyboard options includes basic membrane models and high-end mechanical and gaming keyboards. This creates a diverse pricing spectrum. However in countries where consumer spending is limited, affordability is usually valued over modern conveniences or high-end quality.
This price-conscious behavior limits the adoption of higher-end keyboards. These keyboards mainly come with features like mechanical switches, customizable RGB lighting, and compact designs. Companies that make keyboards need to balance adding new features with keeping costs down so they can sell their products at competitive pricing.
The shift to alternative input devices is evolving as other key challenge in the computer keyboard market. Customers are becoming more interested in input methods other than traditional keyboards as technology advances. Software for voice recognition, touchscreen interfaces, and virtual keyboards are some of these techniques. These alternatives provide various advantages, including hands-free operation and greater portability.
They also incorporate well with modern devices like smartphones and tablets. For instance, voice recognition technology allows users to dictate text and commands without using a keyboard. This approach can be more convenient in specific situations, restricting the market growth.
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The global computer keyboard market registered a CAGR of 10.7% during the historic period between 2019 and 2023. The growth of computer keyboard industry was progressive as it reached a value of USD 6,339.4 million in 2023 from USD 5,592.3 million in 2019.
From 2019 to 2023, the computer keyboard market experienced stable growth due to technological advancements and changing consumer inclinations. The consistent demand for conventional and mechanical keyboards drove a steady growth in the computer keyboard market in 2019. Sales of keyboards with programmable keys, mechanical switches, and RGB illumination increased greatly, mostly in the gaming sector.
The COVID-19 pandemic in 2020 slowed computer keyboard market growth. The global supply chain disruptions and lockdown measures reduced the sales of keyboards. As the lockdown ease with control over virus spread, the market gain upward trajectory due to increase in remote work.
The sudden increase in remote work has boosted the demand for home office equipment including computer keyboards. This considerable demand resulted in spike in the growth of computer keyboard market amid pandemic. The pandemic also accelerated the adoption of digital learning, which boosted the sales for keyboards among students and educators.
Post pandemic, continuous expansion of remote learning and work-from-home trend drove the market growth remarkably. Introduction of innovative technologies such as gesture-controlled and touch-sensitive keyboards sparked consumer interests. Manufacturers increasingly focused on creating keyboards tailor-made to specific user needs. This includes ultra-compact models for portability and ergonomic designs to reduce strain during extended use.
In the global computer keyboard market, Tier 1 companies hold a notable market share of 50% to 55%, making them the market leaders. These companies actively invests in research and development activities to improve the design and performance of their keyboard. They have expanded their dealers & distributors network worldwide to retain their brand identity and increase their net sales.
Tier 1 players emphasize on introducing new products actively in the market to enrich their brand representation and accelerate their revenue streams. Key companies in the tier 1 are Logitech, Microsoft, LENOVO, CHICONY GLOBAL INC., Dell.Inc, HP, LITEON SINGAPORE PTE LTD, and Corsair.
Tier 2 companies may not have extensive global reach as tier 1 players but holds respectable market share. These players are more focused on developing cost-effective but reliable keyboards to expand their market presence. Tier 2 players are mostly engaged in partnering with key local distributors to improve their brand representation nada advertise to greater audience. Prominent companies in tier 2 contain Cherry GmbH, Razer Inc., Huawei, AsusTek Computer Inc, Delux Technology, Matias Corporation, and DuckyChannel International Co
Tier 3 businesses are small sized firms and emerging players that may lacks the global customer network as compared to tier 1 and tier 2 players. These players may present modern designs that bigger businesses are unlikely to provide. This covers adjustable key designs, adaptable keyboards, and distinctive materials & designs. This players are known for their innovative and cost-effective computer keyboard.
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The section below covers the industry analysis for the computer keyboard market for different countries. Market demand analysis on key countries in several regions of the globe, including the USA, Germany, China, India, Brazil, and UK is provided. The United States is anticipated to remain at the forefront in North America, with a value share of 68.10% through 2034. In East Asia Pacific, South Korea is projected to witness a CAGR of 3.9% by 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| USA | 3.3% |
| Germany | 2.1% |
| China | 5.3% |
| India | 6.3% |
| UK | 3.0% |
North America, spearheaded by the USA which currently holds around 68.10% share of the North America computer keyboard industry. USA computer keyboard market is anticipated to grow at a CAGR of 3.3% throughout the forecast period.
Advancement in gaming technologies and diverse portfolio presented by industry players is driving the computer keyboard market in USA In recent years, gaming sector in the country has witnessed remarkable increase in popularity and revenue as well. It is driven by emergence of esports, growing number of gamers, and streaming platforms. As a result, manufacturers are investing heavily in developing and marketing gaming keyboards.
This investment has contributed to the high growth of the computer keyboard market. The expansion of the gaming industry has increased consumer interest in specialized keyboards. It has also driven innovation and technological advancements within the market. This has solidified the growth trajectory of the keyboard market in the USA.
China’s computer keyboard market is poised to exhibit a CAGR of 5.3% between 2024 and 2034. Currently, it holds the significant market share in the East Asia market, and the dominance is expected to continue through the forecast period.
China is known for its innovations in electronics industry and manufacturing facilities. As per FMI analysis, in 2023, China was the largest manufacturer and exporter of computer keyboards. As the largest consumer electronics market globally, China is experiencing increased demand for keyboards. This demand is driven by its rapidly growing middle class and expanding technology sector. Affordable keyboards are making advanced computing accessible to a broader audience. Innovations in design and functionality are meeting diverse consumer needs.
India’s computer keyboard market is expected to witness a CAGR of 6.3% in the forecast period and hold considerable market share in South Asia & Pacific region through 2034. Booming Indian education and corporate sector is supporting the expansion of the computer keyboard market. Academic institutions, from schools to universities, require a large volume of keyboards for computer labs and individual use by students.
This demand drives the market for both basic and advanced keyboards to accommodate various educational needs. Similarly, the growth of the corporate sector, with more businesses establishing offices and expanding operations, contributes to increased demand for high-quality keyboards.
The section contains information about the leading segments in the industry. By type, gaming keyboards segment is estimated to grow at a CAGR of 4.0% throughout 2034. Additionally, the by end-user, corporates/enterprises segment is projected to expand at 4.3% till 2034.
| Type | Standard Keyboards |
|---|---|
| Value Share (2024) | 55.2% |
Standard Keyboards segment is expected to acquire share of 55.2% in the market in terms of type in 2024. The standard keyboards are widely used owing to their availability over various offline & online sales channel, their reduced prices, and improved speed. Standard keyboards are majorly used in corporate offices, colleges, and retails shops, among others. Their durability and low cost play key role in driving the segment growth.
| End-user | Individuals/Consumers |
|---|---|
| Value Share (2024) | 42.6% |
The individuals/consumers segment is expected to capture share of 42.6% in 2024. The majority of people and consumers use computer keyboards for a variety of personal and professional purposes. For everyday activities like typing, gaming, and general computer navigation, they are important. Keyboards are used by consumers for a variety of purposes, including as employment, education, and leisure. Since laptops, tablets, and personal computers usage is increased, keyboards will always be an essential accessory for individual users.
Key players operating in the computer keyboard market are investing in advanced technologies and also entering into partnerships. Key computer keyboard providers have also been acquiring smaller players to grow their presence to further penetrate the market across multiple regions.
Recent Industry Developments in Computer Keyboard Market:
In terms of type, the industry is divided into standard keyboards, ergonomic keyboards, gaming keyboards, and flexible keyboards.
In terms of Connectivity, the industry is divided into wired keyboards and wireless keyboards.
The industry is classified by end-user as individuals/consumers, corporates/enterprises, gaming professionals, academic institutions, and other.
Key countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe, and Middle East & Africa (MEA) have been covered in the report.
The global computer keyboard industry is projected to witness CAGR of 3.6% between 2024 and 2034.
The global computer keyboard industry stood at USD 6,339.4 million in 2023.
The global computer keyboard industry is anticipated to reach USD 9,363.0 million by 2034 end.
East Asia is set to record the highest CAGR of 4.5% in the assessment period.
The key players operating in the global computer keyboard industry include Logitech, Microsoft, LENOVO, CHICONY GLOBAL INC., Dell.Inc, HP, LITEON SINGAPORE PTE LTD, and Corsair.
1. Executive Summary
2. End-user Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent End-user Developments
4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
5. Pricing Analysis
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
6.1. Standard Keyboards
6.2. Ergonomic Keyboards
6.3. Gaming Keyboards
6.4. Flexible Keyboards
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Connectivity
7.1. Wired Keyboards
7.2. Wireless Keyboards
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End-user
8.1. Individuals/Consumers
8.2. Corporates/Enterprises
8.3. Gaming Professionals
8.4. Academic Institutions
8.5. Other
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
9.1. North America
9.2. Latin America
9.3. Western Europe
9.4. Eastern Europe
9.5. East Asia
9.6. South Asia and Pacific
9.7. Middle East and Africa
10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
16. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
17. Sales Forecast 2024 to 2034 by Type, Connectivity, and End-user for 30 Countries
18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
19. Company Profile
19.1. Logitech
19.2. Microsoft
19.3. LENOVO
19.4. CHICONY GLOBAL INC.
19.5. Dell.Inc
19.6. HP
19.7. LITEON SINGAPORE PTE LTD
19.8. Corsair
19.9. Cherry GmbH
19.10. Razer Inc.
19.11. Huawei
19.12. AsusTek Computer Inc
19.13. Delux Technology
19.14. Matias Corporation
19.15. DuckyChannel International Co
19.16. Metadot
19.17. Amkette.
19.18. Zebronics
19.19. Galaxy Microsystems Ltd.
19.20. Intex
19.21. Redragon
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Computer Keyboard Market
