What Is The Scope Of The Global Gaming Keyboard Market?
Gaming keyboard refers to a specialized keyboard specifically crafted for video game use, offering features such as adjustable lighting, keys that can be programmed for specific functions, and mechanical key switches. The construction and design of gaming keyboards focus on durability and comfort to withstand long gaming sessions.
Gaming Keyboard Global Market Report 2024 provides data on the global gaming keyboard market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The gaming keyboard market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Forecasted Market Size And Growth Rates For Global Gaming Keyboard ?
The global gaming keyboard market has experienced significant growth in recent years, increasing from $2.23 billion in 2023 to $2.50 billion in 2024, reflecting a compound annual growth rate (CAGR) of 12.1%. This expansion can be attributed to the rising popularity of PC gaming, growing demand for enhanced performance and responsiveness, the surge in esports and competitive gaming, consumer preference for customizable RGB lighting, and the expansion of gaming communities and streaming platforms. Looking ahead, the market is projected to grow to $3.99 billion by 2028 at a CAGR of 12.4%, driven by the increasing popularity of esports, demand for RGB customization, growing interest in wireless gaming peripherals, ergonomic design focus, and the broadening gamer demographic. Key trends during this period include advancements in mechanical and hybrid switches, enhanced haptic feedback technology, integration with gaming ecosystems and software, and the adoption of AI-driven customization features.
What Factors Are Driving Growth In The Gaming Keyboard Market?
The rise of esports events is anticipated to boost the growth of the gaming keyboard market. Esports events are competitive gaming tournaments where both professional and amateur players compete in various video games. These events range from local contests to major international tournaments with large prize pools and audiences. The growth of esports is driven by the popularity of competitive gaming, online platforms hosting tournaments, and live event broadcasts. Gaming keyboards are crucial in these events, providing gamers with the precision, customization, and durability required for competitive play. They often feature mechanical switches that deliver faster response times and tactile feedback, essential for quick in-game actions. For example, in December 2023, a report by Invest India revealed a 39% revenue increase in esports in 2022 compared to 2021, surpassing $1.2 billion. Therefore, the growth of esports events is a key driver of the gaming keyboard market.
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What Are The Main Segments Of The Global Gaming Keyboard Market?
The gaming keyboard market covered in this report is segmented –
1) By Product Type: Mechanical, Membrane
2) By Price: Low Priced, Medium-Priced, High-Price
3) By Distribution Channel: Supermarket Or Hypermarket, Specialty Stores, E-Commerce, Independent Retail Store
What Emerging Trends Are Influencing The Growth Of The Gaming Keyboard Market?
Leading companies in the gaming keyboard sector are emphasizing the creation of advanced products like mechanical keyboards to boost gaming performance and improve user experience. These keyboards utilize individual mechanical switches for each key, providing a different tactile feel compared to the rubber dome switches in traditional keyboards. For example, in June 2022, Logitech, a company based in India specializing in computer peripherals and software, introduced the G413 SE mechanical keyboard. This compact design keyboard eliminates the number pad and is tailored for gaming and intense typing, offering users a durable and responsive mechanical option at an affordable price.
What Is The Largest Region In The Gaming Keyboard Market?
Asia-Pacific was the largest region in the gaming keyboard market in 2023. The regions covered in the gaming keyboard market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
