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The computer accessories market size is estimated to increase by USD 4.85 billion and grow at a CAGR of 5.96% between 2023 and 2028. Market growth is driven by several factors, notably the rising popularity of e-sports, the growing demand for wireless products, and the widespread adoption of process automation in various industries. These play a vital role in enhancing the functionality and performance of computer systems. These accessories, which include audio speakers, mice, modems, web cameras, microphones, and keyboards, can be connected externally or internally to the computer. As technology advances, the demand for innovative and high-quality computer accessories continues to grow, driven by consumers seeking to optimize their computing experience and stay ahead in an increasingly digital world.
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The market thrives on the robust growth of the IT and telecom sector, catering to diverse needs of PC users and computer households. With the proliferation of personal computers and mobile devices, demand surges for wireless mice with extended battery life and reliable internet connectivity. Laptop accessories, including screen protectors, replacement keyboards, and durable batteries, cater to remote work and learning trends. The rising prominence of e-sports fuels demand for ergonomic gadgets and advanced peripherals. Innovations such as Bluetooth-enabled devices and privacy screens align with consumer preferences for convenience and security. As remote employment and automated processes become commonplace, the market continues to evolve, offering a wide array of essential and cutting-edge accessories to enhance users' computing experiences.
The adoption of process automation in industries is the key factor driving market growth. The non-portable features and functions of PCs have led organizations to include more systems in the office infrastructure. As a result of this, there has been an increasing demand for peripherals. There is significant and parallel growth in shares invested in the business sector as well as the high-tier market.
Moreover, organizations use PCs for their reliability and easy access, which ensures smooth functioning right from the top management to the employees at the bottom of the hierarchal pyramid. The current demands of business organizations will ultimately give rise to a high rate of manufacturing in the global market during the forecast period.
Increased preference for assembling is the primary trend shaping market growth. A tendency to assemble the PC instead of buying the whole product, including the accessories from the same market players, seems to be on the rise. The majority of business segment users and non-business segment users prefer to integrate accessories from third-party providers. This results in a low-price range and allows the end-user to select accessories as per their budget and need.
Additionally, the availability of personal computer (PC) accessories sold by third-party providers provides customers with a wider choice of market players. It also allows individual customers and enterprises to select designs and products from different vendors at budget prices. Thus, such factors have driven the growth of the global market during the forecast period.
The long product lifecycle is a challenge that affects market growth. Branded ones are of reliable quality. Vendors engage in in-depth R&D and develop innovative and durable materials to extend the operational life of their computer peripherals. The average lifespan of a computer mouse is three years, whereas the lifespan of a keyboard is 5.5 years. The long lifespan of such products reduces the frequency of product replacements, thus adversely affecting the market growth.
In addition, the key manufacturers offer product warranties and guarantees, which further increase the lifespan of products. Thus, such factors reduce repeat purchases. Moreover, the low maintenance cost reduces their repeat purchases. Consequently, factors such as low product lifecycle may impede the growth of the global market during the forecast period.
The market share growth by the business sector segment will be significant during the forecast period. The increased use of scanners and printers for various business purposes, such as emailing, posting, and others, drives the demand in the business sector segment. The use of accessories, such as hard drives, mice, and keyboards, has increased in corporate offices.
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The business sector segment showed a gradual increase in the market share of USD 8.07 billion in 2018. Business units no longer go for manual recording for data compilation. Therefore, they have replaced them with personal computer (PC) accessories. Startups are sprouting every day with the expanding global economy, which means more workspaces will need more PCs. Hence, this trend will drive the business sector of the market during the forecast period.
The external HDDs segment is the largest contributor of revenue to the global market. Growth in the sales of external HDDs is attributed to the increase in data usage and the need for backup in case the internal HDD of a system crashes. The growth rate of the external HDDs segment is expected to decline due to the emergence of the cloud. However, the effect of the cloud will not be arbitrary in terms of revenue due to privacy issues. HDD loading involves a business installing illegal copies of the software, which can lead to legal issues. However, the cloud is more vulnerable to security breaches than external HDDs. Therefore, the external HDDs segment in the global market will grow significantly during the forecast period.
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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Another region offering significant growth opportunities to companies is North America. There was an increase in the sales of PC gaming devices, keyboards, and pointing devices, but there was an offset in the sales of webcams and headsets in this region. The top two market players of external HDDs, namely Western Digital and Seagate Technology, are based in North America. These two companies account for almost the entire North American market.
Moreover, North America is expected to remain the largest revenue contributor to the market during the forecast period, with the US making the largest contribution. Additionally, rapid advances in technology accompanied by a growing number of gamers in this region will lead to increased demand for personal computer (PC) accessories. The growth rate in the region is expected to be steady as the market matures.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments
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The Computer Accessories Market is influenced by the rapid advancement in IT and communications technology, alongside the expansion of broadband networks and the implementation of 5G technology. Game console makers drive innovation in augmented and virtual reality, fueling demand for microdisplays and accessories from VR game creators. Dual LED smart keys enhance gaming experiences in esports, complementing the surge in personal computer shipments and remote learning. Connectivity features like Wi-Fi and Bluetooth are essential, alongside chargers and protective cases for mobile devices. E-commerce platforms offer a wide range of accessories, including mouse pads, stands, holders, and webcam covers. USB-C ports and docking stations cater to modern connectivity needs, while non-electronic accessories like laptop cases and cleaning supplies serve the personal user segment, aligning with trends in remote work and online learning.
Moreover, the market witnesses a surge in demand driven by emerging technologies like augmented reality and the booming esports industry. With increasing personal computer shipments and the ubiquity of Wi-Fi connectivity, e-commerce platforms become essential avenues for purchasing accessories such as stands, holders, and key guards. As the workforce increasingly adopts remote work, there's a growing need for cleaning devices and products to maintain hygiene. In parallel, industrialization and advancements in healthcare prompt innovations in laptop batteries and basic peripherals. The rise of smart home devices and electronic segments further diversifies accessory offerings, including USB hubs, adapters, and non-electronic items like stands and holders, catering to a broad spectrum of user needs.
Computer Accessories Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.96% |
Market Growth 2024-2028 |
USD 4.85 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.45 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, Japan, South Korea, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A4TECH, ASUSTeK Computer Inc., AZIO Corp., Corsair Gaming Inc., COUGAR, Dell Technologies Inc., GN Store Nord AS, HP Inc., Lexmark International Inc., Logitech International SA, Mad Catz Global Ltd., Microsoft Corp., Mionix, Razer Inc., Seagate Technology Holdings Plc, Seiko Epson Corp., Sony Group Corp., Toshiba Corp., TURTLE BEACH CORP., and Western Digital Corp. |
Market dynamics |
Parent market analysis, market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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