Published on: February 14, 2020
The global PC accessories and peripherals market is projected to reach a value of USD 178.35 billion by 2027 at a CAGR of 7.68% between 2022 and 2027. It is expected to experience steady growth due to increased demand for home office equipment and gaming accessories. The growing preference for client SSDs is notably driving market growth, although factors such as the increasing penetration of smartphones may impede the market.
The PC accessories and peripherals market also is fueled by digitalization, virtual teaching, and the increasing demand for online courses. With the growing variety of computer peripheral devices and the rise in disposable income, consumers are investing in ancillary gadgets to enhance their computing experience. Factors such as the growing IT industry and the rise of smart peripherals also contribute to market growth.
Product types include peripherals such as mice, keyboards, headsets, monitor arms, gaming chairs, and webcams. The market caters to consumer segments like students, teachers, gamers, and professionals in residential and commercial settings.
Several trends are shaping the PC accessories and peripherals market, including the shift towards wireless devices, the emergence of smart peripherals with AI and IoT capabilities, and the integration of AR, VR, and 5G technologies. Additionally, the gaming industry drives demand for high-performance peripherals like gaming chairs, headsets, and monitors.
The increasing need for connectivity is helping to drive the market, especially in residential and commercial settings. The increasing adoption of digital technologies and online learning strategies is increasing demand for IT resources in educational institutes, small businesses, and start-ups.
There is intense competition from online retail stores, with price-conscious consumers seeking value-for-money products and discount offerings. Manufacturers also face the need to address compatibility issues and interoperability concerns, especially with emerging technologies like AR, VR, and AI.
North America is projected to account for 47% of the global market by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The region is home to major manufacturers such as Apple, Google, and Amazon, which have captured the regional market and have a greater reach due to their extensive marketing campaigns.
APAC, particularly countries such as China, Japan, South Korea, and Singapore, has seen a substantial rise in virtual reality (VR) peripheral adoption. China specifically stands out with its burgeoning VR market, fostering a growing ecosystem of hardware manufacturers, content developers, and virtual reality (VR) peripheral arcades.
Technavio's PC accessories and peripherals industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our PC accessories and peripherals market reports include:
In order to provide you with a comprehensive view of the PC accessories and peripherals industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
Develop a deeper understanding of the PC accessories and peripherals market with Technavio’s comprehensive market research reports. We provide the latest information on key industry dynamics, including global and regional market forecasts, internal and external pressure points, the vendor landscape, and more.
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