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According to Technavio, the growing popularity of eSports and innovations driven by artificial intelligence (AI) are transforming the landscape of the global computer accessories market, with an estimated compound annual growth rate (CAGR) of 5.3% during the forecast period.
Market Growth and Key Drivers
The global computer accessories market is expected to reach a value of USD 4.29 billion between 2025 and 2029, according to the latest report from Technavio. This growth will be driven by:
- Popularity of eSports: The demand for high-performance accessories such as gaming keyboards, mice, and headsets continues to rise, fueled by professional gamers and gaming enthusiasts.
- Technological innovations: The introduction of hybrid devices and advancements in virtual reality (VR) and augmented reality (AR) are redefining the user experience.
- Automation in corporate offices: Ergonomic peripherals and automation tools are enhancing efficiency in remote work.
Market Challenges and Opportunities
Despite its growth, the market faces challenges such as:
- Shift towards mobile devices: Many casual gamers are migrating to smartphones and tablets, which could limit the demand for PC accessories.
- Competition from low-cost products: The market is fragmented with intense competition from companies offering affordable solutions.
- Wireless connectivity: The adoption of Wi-Fi and Bluetooth technologies, along with the rise of USB-C devices, is driving the development of more advanced accessories.
Market Segmentation
By Product:
- External storage units (HDD):
- These represent the highest revenue segment due to the growing need for storage and data backup, especially for gaming and multimedia content.
- Example: Toshiba’s Canvio Gaming external hard drive with a capacity of up to 4 TB.
- Gaming accessories:
- Specialized mice and keyboards, such as Shogun Bros.’ Chameleon X-1, which combines controller and mouse functions into one device.
- Portable speakers and pointing devices:
- Essential supplements for productivity and entertainment.
By End Users:
- Corporate sector: High demand for automation tools and ergonomic accessories for offices.
- Consumer sector: Gamers and students are the main drivers of this segment.
By Region:
- APAC: Leads the market with a 36% contribution, driven by technological expansion in China, India, and Japan.
- North America and Europe: Strong adoption of high-end accessories and advanced peripherals.
Key Trends
- Hybrid accessories: Devices like the TransluSense keyboard, which uses cameras and infrared lights to project images of the keys, enhancing the experience in low-light environments.
- Increased storage for gaming: The popularity of the metaverse and multiplayer gaming is driving the demand for high-capacity external hard drives.
Key Market Players
Key companies driving innovation in the market include:
- Logitech International SA
- Razer Inc.
- Corsair Gaming Inc.
- Dell Technologies Inc.
- HP Inc.
- Sony Group Corp.
Future Market Analysis
With the growing influence of artificial intelligence, the computer accessories market will continue to transform. AI-driven tools are redefining consumption patterns, while advancements in connectivity and automation are opening new opportunities for industry players.
via: Prnewswire