Gaming Mouse & Keyboards Market Size, Share, Growth, and Industry Analysis by Type (Gaming Mouse, and Gaming Keyboards) By Application (Entertainment Place, and Private Used), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Gaming Mouse & Keyboards Market Report Overview

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The global gaming mouse & keyboards market size is expected to be worth USD 1446.4 million in 2021 and is projected to touch USD 2836.1 million by 2031, exhibiting a CAGR of 7.0% during the forecast period.

The gaming mouse & keyboards are specially designed for gamers. Even though game controllers in gaming keyboards with dials and levers are available, the W, A, S, and D letter keys on a standard QWERTY keyboard are also popular. The gaming keyboards are also known as mechanical keyboards and the key switches on the mechanical gaming keyboards require less depression, resulting in faster game action. Mechanical keyboards are generally faster and more durable than their electronic counterparts. They can also be customized and are easier to keep clean and intact because each key can be removed and replaced as needed.

There are many obvious differences between console gaming and PC gaming. The sensitivity level of a controller primarily influences how sensitive the thumb sticks are to finger movement and how it translates on screen. The mouse is much more complicated, introducing a whole new level of sensitivity: DPI, or "dots per inch."

Thousands of interesting games have been created and released in the last ten years, with FPS titles being among the most popular. When playing an FPS game on PC, your mouse & keyboards can either help or hinder your ability to perform to your full potential. The right mouse & keyboards must be comfortable and precise, as well as visually appealing for some.

COVID-19 Impact: Halt on Consumer Goods to Hamper Market

The global COVID-19 pandemic has been unprecedented and staggering, with the global gaming mouse & keyboards market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The surge in CAGR is attributable to the gaming mouse & keyboards market growth and demand returning to pre-pandemic levels once the pandemic is over.

The spread of the novel coronavirus pandemic globally had a moderate impact on the market. Due to labor shortages, manufacturing operations were halted. As a result, demand from end-use industries fell significantly. Since people were suddenly forced to stay at home, the supply slowdown had a negative impact on the market, as peripherals manufacturers struggled to meet the accelerated demand for peripherals. Irrespective of the COVID-19 Outbreak, overall demand for gaming mouse & keyboards is expected to rise. Lockdown measures aided the growth of PC gaming as consumers sought ways to entertain themselves while spending more time at home.

Although the COVID-19 pandemic had an impact on nearly every aspect of daily life in 2020, consumers turned to games for entertainment and a way to virtually connect with friends and family. When several countries imposed partial or total lockdowns to prevent the virus' spread, the demand for gaming mouse & keyboards increased, as gaming became one of the most popular pastimes during lockdowns. All of these factors are propelling the global market forward.

Latest Trends

"Growing Popularity of E-Sports To Drive The Market Growth"

The increasing popularity of e-sports and the growing number of hard-core or casual gamers are among the key factors driving the gaming mouse & keyboards market growth. E-sports and virtual games have led to the development of specialized gaming keyboards and gamepads that can be customized and offer better ergonomics to the user. Consumers are increasingly demanding immersive and realistic gaming experiences, which has resulted in increased demand for peripheral device types, high-quality gaming consoles, and so on. Furthermore, as the number of young workers has increased, so has the affordability of gaming peripheral device types.  These points show that demand for gaming peripherals technology in the automotive sector is growing at an exponential rate, which could lead to massive opportunities in the coming years. The growing popularity of e-sports and gaming tournaments like the PUBG Global Championship, League of Legends World Championship, and CWL (Call of Duty World League) is driving demand for advanced peripherals that help gamers improve their gaming skills.

Gaming Mouse & Keyboards Market Segmentation

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• By Type

The market is classified into gaming mouse, and gaming keyboards based on type. The gaming mouse segment will lead the global gaming mouse & keyboards market share throughout the forecast period.

• By Application

The market is classified into entertainment place, and private used on the basis of application. The entertainment place will lead the global gaming mouse & keyboards market share throughout the forecast period.

Driving Factors

"Technological Advancements In The Gaming Field To Drive The Market Growth"

When compared to other industry verticals, gaming is at the forefront of technological advancement adoption. Current technological advancements in location-based VR are raising end-user expectations of experiencing virtual surroundings in various applications regardless of location or time. In recent years, hardware developers have placed a greater emphasis on producing user-friendly peripheral devices in order to improve user experience. During the forecast period, the market is expected to grow due to constant innovation in gaming mouse & keyboards.

"Increasing Gamer Adoption To Drive The Market Growth"

Gaming keyboards and mouse offer gamers superior performance and an enjoyable gaming experience. As a result, increasing gamer adoption of such keyboards and mouse influences the growth of the gaming keyboard and mouse market. Furthermore, the growing demand for gaming laptops and PCs is positively influencing the growth of the gaming keyboard and mouse market. The advancement of technology, such as wireless devices, and the growing demand for high-performance mouse & keyboards by professional gamers present numerous opportunities for market participants in the gaming keyboard and mouse market.

Restraining Factors

Increasing Cost To Impede The Market Growth

Due to the high price of gaming mouse & keyboards device types such as gaming mouse, keyboards is expected to restrain the market's growth. Gamers were forced to spend more money on peripherals due to a lack of advanced gaming peripherals such as DPI mics and anti-ghost switches. As a result, demand for PC gaming peripherals is expected to fall, limiting market growth over the forecast period.

Gaming Mouse & Keyboards Market Regional Insights

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"Asia Pacific to Lead The Market Owing To More Number Of Gamers"

Due to the highest number of gamers in this region, Asia Pacific is expected to dominate the gaming mouse & keyboard market. Furthermore, this region has a large youth population (nearly 60%), which drives the gaming market and has an impact on the gaming mouse & keyboards market. China, India, Japan, South Korea, and Singapore account for a sizable proportion of gamers in this region, which benefits the gaming mouse & keyboards market.

Key Industry Players

"Leading Players Adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolios and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the global gaming mouse & keyboards market.

List of Market Players Profiled

• Razer (U.S.)
• Corsair (U.S.)
• A4TECH (China)
• Logitech (Switzerland)
• RAPOO (China)
• Genius(KYE Systems Corp) (China)
• SteelSeries (Denmark)
• MADCATZ (U.S.)
• Roccat (Germany)
• Mionix (Sweden)
• COUGAR (U.S.)
• AZio (U.S.)

REPORT COVERAGE

In the report, factors affecting the market from both demand and supply are evaluated and market dynamics during the forecast period are also forecasted. Also included in the report is a comprehensive PEST analysis of countries, which assesses the governmental, financial, and shared factors influencing their markets. Apart from all of these, the report also provides drivers, restraints, opportunities, and future trends.