The gaming keyboard market has experienced rapid growth, expanding from $2.23 billion in 2023 to $2.50 billion in 2024, with a compound annual growth rate (CAGR) of 12.1%. This growth is driven by the increasing popularity of PC gaming, heightened demand for enhanced performance and responsiveness, the rise of esports and competitive gaming, consumer preference for customizable RGB lighting, and the expansion of gaming communities and streaming platforms. The market is projected to continue its strong growth, reaching $3.99 billion by 2028 with a CAGR of 12.4%. Key drivers include the rising popularity of esports, increasing demand for RGB customization, growing demand for wireless gaming peripherals, a focus on ergonomic designs, and the expanding gamer demographic across various age groups. Major trends include the adoption of customizable RGB lighting, advancements in mechanical and hybrid switch keyboards, improvements in haptic feedback technology, integration with gaming ecosystems and software, and the incorporation of AI and software customization.
Major Driver In The Gaming Keyboard Market
The gaming keyboard market is projected to grow significantly due to the rise in esports events. These events, which involve professional and amateur gamers competing in video games, are becoming increasingly popular. Gaming keyboards are crucial for their high performance, customization, and durability in these competitive settings. In December 2023, Invest India reported a 39% increase in esports game revenues in 2022, exceeding $1.2 billion compared to the previous year. The growing popularity of esports is fueling the demand for gaming keyboards.
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Gaming Keyboard Market Competitive Landscape
Microsoft Corporation, Dell Technologies Inc., Lenovo Group Limited, HP Development Company L.P., ASUSTeK Computer Inc., Acer Inc., Logitech International S.A., Micro-Star International Co. Ltd., Razer Inc., Corsair Gaming Inc., GIGA-BYTE Technology Co. Ltd., Kensington, Turtle Beach Corporation, Aukey Technology Co. Ltd., Shenzhen Rapoo Technology Co. LTD., EVGA Corporation, SteelSeries A/S, IOGear Inc., Patriot Memory Inc., Genius Computer Technology Ltd., Thermaltake Technology Co. Ltd., Kinesis Corporation, Redragon, DuckyChannel International Co. Ltd., COUGAR. Coumpucase Enterprise Co. Ltd.
Key Gaming Keyboard Market Trend
Companies in the gaming keyboard market are focused on developing innovative mechanical keyboards to enhance gaming performance and user experience. Mechanical keyboards feature individual mechanical switches for each key, providing a superior typing and gaming experience. For instance, in June 2022, Logitech, an India-based manufacturer of computer peripherals, launched the G413 SE mechanical keyboard in India. The G413 SE is a compact, full-size keyboard designed for both gaming and intensive typing tasks. It offers durability and responsiveness at an affordable price, catering to users seeking a high-quality mechanical keyboard.
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Gaming Keyboard Market Segmentation
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
By Geography:The regions covered in the gaming keyboard market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the gaming keyboard market in 2023.
The Gaming Keyboard Global Market Report 2024 furnishes information about the global gaming keyboard market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
