Gaming Keyboard Market 2024-2033 - Size, Share, Growth & Competitive Analysis

The Business Research Company recently released a comprehensive report on the Global Gaming Keyboard Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The gaming keyboard market size has grown rapidly in recent years. It will grow from $2.23 billion in 2023 to $2.50 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to increase popularity of PC gaming, increase demand for enhanced performance and responsiveness, rise of esports and competitive gaming, rise in consumer preference for customizable RGB lighting, and expansion of gaming communities and streaming platforms.

The gaming keyboard market size is expected to see rapid growth in the next few years. It will grow to $3.99 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to rising popularity of esports, increasing demand for RGB customization, growing demand of wireless gaming peripherals, increasing focus on ergonomic designs, and the expanding gamer demographic across various age groups. Major trends in the forecast period include adoption of customizable RGB lighting, advancements in mechanical and hybrid switch keyboards, advancements in haptic feedback technology, integration with gaming ecosystems and software, and integration of AI and software customization.

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Market Drivers and Trends:

The emergence of esports events is expected to propel the growth of the gaming keyboard market going forward. Esports events are competitions where professional and amateur gamers compete in various video game titles. These events range from small local tournaments to large international championships with significant prize pools and viewership. The emergence of esports events is due to increasing competitive gaming events and online platforms where gamers compete in tournaments and viewers watch live broadcasts. Gaming keyboards are integral in esports, offering professional gamers the performance, customization, and durability needed to excel in competitive gaming environments. Gaming keyboards often use mechanical switches that provide tactile feedback and faster response times compared to standard membrane keyboards, which offer quick actions and reactions during gameplay. For instance, in December 2023, according to the Invest India, an India-based facilitation agency, in 2022, esports game revenues saw a 39% increase in 2022 from 2021, surpassing $1.2 Billion. Therefore, the emergence of esports events is driving the growth of the gaming keyboard market.

Major companies operating in the gaming keyboard market are focusing on developing innovative products, such as mechanical keyboards, to enhance gaming performance and user experience. Mechanical keyboards use individual mechanical switches for each key, rather than membrane or rubber dome switches found in traditional keyboards. For instance, in June 2022, Logitech, an India-based company manufacturing computer peripherals and software, launched the G413 SE mechanical keyboard in India. The G413 SE is a full-size keyboard with the number pad removed for a more compact design. It is designed to be versatile for gaming and intense typing tasks, offering an affordable option for users seeking a durable and responsive mechanical keyboard.

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Major Key Players of the Market:

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.

Gaming Keyboard Market 2024 Key Insights:

• The gaming keyboard market size is expected to see rapid growth in the next few years. It will grow to $3.99 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%.
• Esports And Live Streaming Platforms Fuel Growth In The Gaming Keyboard Market
• Innovative Developments In Mechanical Keyboards For Enhanced Gaming And User Experience
• Asia-Pacific was the largest region in the gaming keyboard market in 2023

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