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The global computer peripherals (PC) market is projected to reach a value of USD 178.35 billion by 2027 with a CAGR of 7.68% between 2022 and 2027. The global computer peripherals market 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 the market growth, although factors such as the increasing penetration of smartphones may impede the market growth.
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The computer peripherals market is marked by dynamic trends and analysis, reflecting a continuous evolution. Robust market research and growth initiatives contribute to its expansion, with a focus on market forecasting and comprehensive analysis reports. This synergy of market growth and trends underscores the industry's adaptability and positions it for sustained growth, making it imperative for stakeholders to stay attuned to emerging dynamics.
The market refers to the industry that produces and sells devices that enhance and interact with computers. Key products in this market include keyboards, mice, monitors, printers, scanners, webcams, and speakers. Output devices play a significant role in the computing market, impacting various industries and user experiences. In the Computer Peripheral Devices market, a crucial component is the use of pointing devices like the mouse which serves as an essential tool in the computer system. CPU (Central Processing Unit) serves as the brain of the computer, working in tandem with RAM (Random Access Memory) for quick data access. Storage is facilitated by the hard drive or optical drive, and connections are made possible via interfaces like HDMI and Ethernet.
As the computer hardware market evolves, so does the demand for computer technology and its peripherals. These include devices like printers, monitors, keyboards, and mice, constituting the PC peripherals market and PC accessories market. Advancements in output devices have led to enhanced user experiences, improved productivity, and expanded applications across various industries. These devices continue to evolve, catering to the demands for higher quality, efficiency, portability, and innovative features in the computing market.
Emerging technologies in peripherals such as the growing preference for client SSDs are notably driving market growth. SSD is a type of non-volatile external storage device that uses integrated circuit assemblies as memory to store data. These output devices do not have spinning parts, which reduces the risk of failures and allows faster data transfer. There are two types of SSDs, namely enterprise SDDs and client SDDs. The growth of the client SSD market is attributed to factors such as the increasing adoption of these SSDs in client systems such as desktop computers, laptops, notebooks, and high-performance PCs which is fueling the market growth.
One of the key growth factors behind this is the relentless technological advancement within global gaming accessories. These devices often incorporate cutting-edge technology, superior build quality, and innovative designs tailored explicitly to gaming needs. Consequently, this emphasis on technological innovation has not only attracted gamers but has also spurred the development of non-gaming PC peripherals, fostering innovation across the entire market segment. The gaming peripherals sector has played a pivotal role in reshaping the landscape of the global PC peripherals market. The demand for gaming-specific peripherals, such as keyboards, mice, headsets, and specialized monitors, has experienced a notable surge during this period.
The webcam and microphone enable video calls and audio input, enhancing communication in the digital sphere, while the projector allows for large-scale displays, ideal for presentations and entertainment.
The joystick provides precise control, while the trackpad and touchpad offer intuitive navigation on laptops. Hardware components like the graphics card and motherboard power the system, allowing for high-quality visuals and efficient data processing, consumer with gaming interests buy these.
The peripheral equipment sector, a crucial component of the computer industry, has seen substantial global market growth. Specifically, gaming peripherals like the gaming mouse have significantly contributed buying behaviour of consumers.
The laptop segment accounted for a significant share of the global client SSD market, which is expected to continue during the forecast period. PC accessories manufacturers are focusing on developing laptops embedded with SSDs owing to the rising demand for thinner, lighter, and more advanced laptops with multiple functionalities. They are also introducing new SSDs that are ideal for business PCs, laptops, and high-performance PCs. Thus, the increase in product launches will drive the growth of the market during the forecast period.
The increasing popularity of smart speakers is a key market trend in computer peripherals industry. The number of audio content subscribers is growing worldwide—wireless speakers stream content by using radio frequency signals. Smart speakers, portable speakers, and Bluetooth speakers, and Virtual Reality (VR) peripherals are compact and occupy less space when compared to home theatre speakers. Virtual Reality (VR) peripherals, such as VR headsets and motion controllers, have redefined immersive experiences by transporting users into virtual worlds.
VR peripherals have introduced innovative ways for users to interact with digital environments. Motion controllers, haptic feedback devices, and VR gloves enable users to manipulate and engage with virtual elements, enhancing the sense of presence and interaction within VR environments. Additionally, webcams and cameras have made a profound impact on the computer peripheral (PC) market, fundamentally altering the way individuals interact and communicate in various aspects of their lives.
Most portable devices such as laptops, smartphones, and tablets are integrated with Wi-Fi and Bluetooth chips, which help speakers stream content wirelessly. Wireless peripherals are devices that connect to a computer market or other compatible devices without the need for physical cables. The integration of wireless peripherals technologies, such as wireless HD or ITU-T G.hn, will increase the adoption of streaming HD video and audio peripherals content. Smart and Bluetooth speakers offer various benefits and do not need any wiring. Wireless peripherals include wireless headphones, wireless printers, wireless speakers, wireless game controllers, and wireless presenters. These devices offer the advantage of mobility and reduced cable clutter, allowing users to enjoy greater flexibility in how they interact with their computers or other compatible devices. Moreover, they consume less space when compared to home audio speakers. Thus, the rising popularity of wireless streaming of audio content will increase the demand for computer (PC) peripherals such as speakers during the forecast period.
The increasing penetration of smartphones is challenging computer (PC) peripherals accessories market growth. The demand for smartphones is increasing owing to their portability. Rising investments in telecommunication network infrastructure are fueling developments in high-performance network connectivity, which is increasing the penetration of smartphones across the world.
During the forecast period, global smartphone shipments are expected to grow at a CAGR of 0.86%. In addition, premium smartphones are integrated with advanced technologies such as webcams and cameras, AI, gesture recognition, haptics, facial recognition, and voice recognition features. They use advanced processors and sensors for such functions. Gyroscopes, accelerometers, proximity sensors, light sensors, barometers, and fingerprint sensors are used to make these technologies functional.
However, there are certain market restraints affecting growth factors, as identified in the findings of a consulting firm specializing in this field. The Dutch consulting firm offers insightful recommendations based on comprehensive profiles of competitors and their strategies, assisting in strategic decisions. These insights form a critical section of the market trends and analysis report, providing a basis for future advancements and market expansion. Thus, the increasing penetration of smartphones will reduce the demand for PC shipments, which, in turn, will adversely affect the growth of the global Computer accessories market during the forecast period. Additionally, the launch of counterfeit products restraints the market growth factor.
The PC peripherals market has forecasted significant advancements in wireless technology, enhancing various devices like keyboards and mice, printers, scanners, external storage, monitors, displays, and audio peripherals. These are some commonly used USB devices in computer peripherals. These USB devices serve various functions, from data transfer and input to connectivity and power supply in computing.
The prices of these devices significantly impact their consumption and widespread usage in residential and office settings. Technological advancements have led to the development of wireless and ergonomic peripherals, enhancing user experience and convenience. A comprehensive introduction and detailed company profiles provide a basis for understanding the market trends.
The PC peripherals 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 market analysis and report also include key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Computer Peripherals Market Customer Landscape
Industry leaders in computer peripherals 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 with tough competitors between profiles. Key players such as Toshiba Corporation, NEC Corporation, Apple Inc., Hewlett-Packard Enterprise, Seiko Epson Corporation Intel Corporation dominate this space, competing vigorously in the market. Market statistics reveal the volume of sales and adoption among end-users across various markets globally.
Acer Inc. - The company offers PC peripherals such as Input devices, USB devices, Connect devices, Keyboards and mice, monitors and displays, and Acer vero sleeve. Input devices are hardware components that allow users to interact with computers or electronic devices by providing data or commands.
The market growth and forecasting report forecasts analyses of the competitors landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Major players in this market include companies like Logitech, HP Inc., Dell Technologies, Canon, Epson, and Microsoft.
Webcams and cameras have revolutionized the computer peripherals market, enabling seamless communication, collaboration, and content creation. They are essential for remote work, education, and social interaction, providing high-quality video conferencing, live streaming, and security monitoring. In summary, webcams and cameras have become integral components of the computer peripherals market, shaping communication, content creation, security, and technological advancements, significantly impacting both personal and professional aspects of user interactions.
Wireless peripherals, a cornerstone of modern computing, have revolutionized how users interact with their devices. Among these innovations, wireless keyboards and mice have redefined user experiences by liberating users from the constraints of cables. The impact of wireless technology extends beyond input devices. printers and scanners have undergone significant transformations with the integration of wireless capabilities. These wireless printers and scanners offer users unparalleled convenience by enabling mobile printing and scanning functionalities. The impact of wireless technology extends beyond input devices. Printers and scanners have undergone significant transformations with the integration of wireless capabilities. These wireless printers and scanners offer users unparalleled convenience by enabling mobile printing and scanning functionalities.
External storage devices have also witnessed a remarkable shift towards wireless connectivity. The realm of monitors and displays has embraced wireless technology, transforming how users interact with visual output devices. Additionally, the evolution of wireless audio peripherals has significantly impacted the computing landscape. In essence, the proliferation of wireless peripherals, spanning keyboards and mice, printers and scanners, external storage devices, monitors and displays, and audio peripherals, has reshaped the computer peripherals market.
The market share growth by the printers segment will be significant during the forecast period. The growth of this segment is driven by the advertising and education sectors owing to the high demand for posters, books, and banners.
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The printers segment was valued at USD 80.20 billion in 2017 and continued to grow until 2021. The growing adoption of 3D printers is a key trend in this segment. 3D printers yield high-quality output, are energy efficient, and generate less waste. Digi COPY, a reprographics firm, offers 3D printing and scanning services that are used by various customers, including fashion design firms and university students. While the surge in demand for computer peripherals among students is driving market growth, it also brings attention to the pressing issue of counterfeit products. It becomes increasingly crucial for both manufacturers and consumers, especially students, to remain vigilant, prioritize authenticity, and make informed choices to ensure the reliability, performance, and security of their computer peripherals. Thus, the printers and scanners segment is expected to grow during the forecasts.
The computer peripherals market exhibits diverse distribution channels, with major players like Dell Inc. and Hitachi playing pivotal roles. These channels extend across Korean and Latin American markets, reaching end-users through various mediums, including offices and publications. The distribution network emphasizes image and facts, ensuring a widespread and effective reach to cater to the diverse needs of the global consumer base.
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North America is estimated to contribute 47% to the growth of the global market during the forecasts . Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The report forecasts growth of the regional market in North America can be attributed to factors such as the increased adoption of technologies in the United States and Canada. 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.
In addition, the increasing Internet penetration and data traffic are fueling the demand for PCs and PC peripherals from enterprises and end-user industries such as manufacturing, hospitality, IT, and others. In the Computer Peripheral Device market, Asia Pacific stands out as a significant region, encompassing countries like Malaysia, Indonesia, Australia, Thailand, Philippines, Vietnam, Korea, and Taiwan among others. Additionally, Italy, Mexico, Russia, Nigeria, and Spain are emerging markets in Europe and Africa, contributing to the global landscape. This, in turn, will fuel the growth of the Computer Peripherals market forecasts in North America.
Moreover, the Asia-Pacific region, including countries such as China, Japan, South Korea, and Singapore, has also witnessed substantial strides in Virtual Reality (VR) peripherals adoption. China, specifically, stands out with its burgeoning VR market, fostering a growing ecosystem of hardware manufacturers, content developers, and Virtual Reality (VR) peripherals arcades.
In 2020, the COVID-19 pandemic had a favorable impact on the Computer (PC) Peripherals market in North America as many industries shifted their operations online. The trend of using speakers compatible with numerous devices, such as computer (PC) and laptops, was fueled by the demand for music streaming. The growth of gaming peripherals can be attributed to several factors, including the rising popularity of gaming in the region, the increasing availability of high-quality gaming peripherals, and the growth of e-sports during the outbreak of lockdown. This, in turn, spurred the demand for computer (PC) peripherals in North America in 2020. Moreover, the lifting of lockdowns and the initiation of large-scale vaccination drives, coupled with increased funding for the development of IT infrastructures, will drive the growth of the Computer (PC) Peripherals market in North America during the forecast period.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Computer Peripherals Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.68% |
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Market growth 2023-2027 |
USD 55.18 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
6.72 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 47% |
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Key countries |
US, Canada, China, Japan, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Acer Inc., Brother Industries Ltd., Canon Inc., Dell Technologies Inc., FURUKAWA Co. Ltd., HP Inc., Intel Corp., International Business Machines Corp., Lexmark International Inc., Logitech International SA, Microsoft Corp., Panasonic Holdings Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Seagate Technology Holdings Plc, Seiko Epson Corp., Sony Group Corp., Toshiba Corp., Western Digital Corp., and Xerox Holdings Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
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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