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The PC peripherals market size is forecast to increase by USD 51.38 billion at a CAGR of 7.73% between 2023 and 2028. The market is experiencing significant growth due to several key trends. The increasing popularity of gaming and esports is driving market demand, as gamers seek high-performance devices to enhance their gaming experience. Strategic partnerships and acquisitions among market players are also fueling growth, as companies look to expand their product offerings and reach new customer bases. However, the market is facing challenges as well, including the rising issue of counterfeit products. These knockoffs not only undermine market competition but also pose a risk to consumers, who may receive subpar products. To mitigate this challenge, market players are focusing on implementing strong anti-counterfeit measures and collaborating with regulatory bodies to protect their intellectual property. Overall, the market is poised for continued growth, driven by evolving consumer needs and technological advancements.
The global market is witnessing significant growth due to the increasing demand for external devices to enhance the functionality of computers. Input devices, such as keyboards and mice, remain the largest segment of the market, while output devices, including monitors, printers, speakers, and projectors, follow closely. External storage devices, such as external hard drives and flash drives, are also popular choices for users seeking additional storage capacity. Networking devices, including routers and modems, are essential for establishing wired and wireless connections. USB, HDMI, DVI, Ethernet, serial ports, Bluetooth, Wi-Fi, infrared, and other connectivity technologies enable seamless compatibility with various systems and operating systems, such as Windows, Mac OS, and Linux.
Compatibility and system requirements are crucial factors influencing the choice of PC peripherals. For instance, a user may require a specific keyboard layout or a printer that supports a particular paper size. Understanding these requirements is essential for manufacturers to design and produce peripherals that cater to the diverse needs of the market. Overall, the market is expected to continue its growth trajectory, driven by advancements in technology and the increasing demand for devices that improve the user experience.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The business segment is estimated to witness significant growth during the forecast period. The computer peripherals market is experiencing significant growth due to the increasing use of external devices for input and output functions in businesses. Input devices, such as keyboards and mice, and output devices, including printers, speakers, and displays, are essential for enhancing productivity and facilitating communication. Moreover, the adoption of specialized peripherals, such as scanners, microphones, and webcams, for various business applications, such as video conferencing and data recording, is on the rise. The market growth can also be attributed to the automation trend in enterprises, which has led to the replacement of manual data recording with PCs and peripherals.
Furthermore, the need for storing vast amounts of data generated from different industries has resulted in significant investments in storage devices, such as external hard drives and flash drives. Compatibility with the host computer, system requirements, and operating systems are crucial factors influencing the choice of computer peripherals. Device drivers, driver updates, and troubleshooting are essential for maintaining optimal performance. Wired and wireless connections, including USB, HDMI, DVI, Ethernet, Serial ports, Bluetooth, Wi-Fi, Infrared, and networking devices, such as routers and modems, offer flexibility and convenience. Productivity, maintenance, and customer support are essential considerations for businesses when selecting computer peripherals.
Ensuring compatibility with the host computer, meeting system requirements, and selecting the appropriate operating system are crucial factors. Regular driver updates and troubleshooting are necessary for optimal performance. With the increasing use of computer peripherals in businesses, the importance of specialized peripherals and device drivers cannot be overstated.
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The business segment was valued at USD 54.21 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 38% 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.
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The market in North America is experiencing significant growth due to the increasing adoption of technology in businesses and industries, including manufacturing, hospitality, IT, and others, in the US and Canada. This trend is driven by the rising demand for advanced computing solutions to manage the increasing volume of digital data generated by industries and enterprises. Key technologies fueling this growth include high-performance interface units, such as USB, and advanced peripheral interface ports, such as ISA and PCI. These technologies enable faster data transfer rates and improved data throughput, which are essential for handling the large volumes of analog signals and digital data requiring A/D and D/A processing.
Moreover, the market's expansion is driven by the growing need for expansion slots and software compatibility with event-driven operating systems and data acquisition systems. Control registers, status registers, data registers, and I/O registers are critical components of these systems, enabling efficient data acquisition and signal processing. Data acquisition software and software support libraries play a vital role in ensuring compatibility and ease of use for end-users. Advanced data acquisition hardware, such as programmable amplifiers and samplers, offer high sampling rates and sampling clock control, making them indispensable for electrophysiology and other applications requiring precise signal processing. The growth of 5G and AI technologies is expected to further boost the market's growth, as these technologies generate massive amounts of data that require efficient storage and processing solutions.
Overall, the market in North America is poised for significant growth during the forecast period, driven by the need for high-performance hardware and software solutions to manage and process large volumes of data.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing popularity of gaming and esports is the key driver of the market. The computer peripherals market has experienced notable growth due to the increasing popularity of gaming and esports. Gamers and esports professionals seek high-performance external devices to enhance their experience, leading to the development of specialized input and output devices. Keyboards, mice, and headsets with fast response times, precision, and customization options cater to the unique requirements of this demographic. Furthermore, the competitive nature of gaming and esports necessitates the use of peripherals that provide a competitive edge. These specialized peripherals include gaming keyboards, mice, and headsets, as well as wired and wireless displays, speakers, microphones, scanners, printers, storage devices like external hard drives and flash drives, networking devices such as routers and modems, and compatibility with various wired connections like USB, HDMI, DVI, Ethernet, Serial ports, Bluetooth, Wi-Fi, and Infrared.
System requirements, operating system, and driver updates are essential considerations when selecting peripherals for gaming and esports. Troubleshooting and performance optimization, along with customer support, are crucial for maintaining productivity and addressing any issues that may arise.
Rising strategic partnerships and acquisitions is the upcoming trend in the market. The market is witnessing significant growth due to the increasing demand for external devices that enhance productivity and provide seamless connectivity. Input devices, such as keyboards and mice, and output devices, including speakers, printers, and displays, continue to dominate the market. Additionally, storage devices like external hard drives and flash drives, networking devices such as routers and modems, and specialized peripherals like microphones and scanners are gaining popularity. The market is witnessing a shift towards wireless connections via technologies like Bluetooth, Wi-Fi, and Infrared, while wired connections via USB, HDMI, DVI, Ethernet, and serial ports remain essential. Compatibility with the host computer, operating system, and system requirements are crucial factors in the selection of peripherals.
Regular driver updates ensure optimal performance and troubleshooting. Manufacturers are forming strategic partnerships and acquisitions to expand their product offerings and maintain technological competitiveness. These alliances result in the production of computer peripherals that are efficient, compatible with advanced technologies/components, and can be integrated into various computing devices. Productivity, maintenance, and customer support are essential considerations for both vendors and end-users.
Growing counterfeit products is a key challenge affecting the market growth. The market encompasses a wide range of external devices, including input and output devices, designed to enhance the functionality and productivity of a computer system. Input devices, such as keyboards and mice, enable users to interact with their host computer, while output devices, such as printers, speakers, and displays, facilitate the presentation of data and multimedia content. Other peripherals, like scanners, microphones, and storage devices, such as external hard drives and flash drives, cater to specific use cases. Networking devices, including routers and modems, enable wired and wireless connections via technologies like USB, HDMI, DVI, Ethernet, Serial ports, Bluetooth, Wi-Fi, Infrared, and more.
Compatibility with the operating system and system requirements is crucial, and device drivers may need regular updates to ensure optimal performance. Counterfeit products, including peripherals, pose a challenge to market vendors due to their easy availability through various distribution channels, both online and offline. Despite efforts to restrict their sales, the affordability and attractiveness of these counterfeit devices can intensify price competition. End users must ensure compatibility, system requirements, and consider troubleshooting and customer support when selecting peripherals for their computer systems. Specialized peripherals, like gaming peripherals, may require additional considerations.
The market forecasting 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 market growth analysis 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.
Acer Inc. - The company offers PC peripherals such as Connect devices, Mice, Acer vero sleeve.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key 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 global market is witnessing significant growth due to the increasing demand for external devices to enhance productivity and improve user experience. Input devices, such as keyboards and mice, remain popular choices for users seeking to personalize their computing experience. Output devices, including printers, speakers, and displays, enable users to create, consume, and share content. Storage devices, such as external hard drives and flash drives, offer expanded capacity and data backup solutions. Networking devices, like routers and modems, facilitate wired and wireless connections, enabling seamless data transfer and communication. Compatibility with the host computer, operating system, and system requirements are essential considerations when selecting peripherals.
Further, device drivers, updates, and troubleshooting are essential for optimal performance and maintenance. Specialized peripherals, such as microphones, scanners, and digital pens, cater to specific use cases, enhancing productivity and creativity. Bluetooth, Wi-Fi, HDMI, DVI, Ethernet, serial ports, and infrared technologies enable connectivity and versatility. Customer support and product performance are crucial factors influencing user satisfaction. USB, HDMI, DVI, Ethernet, Bluetooth, Wi-Fi, and infrared are common interfaces for PC peripherals. Overall, the market continues to evolve, catering to the diverse needs of users and businesses alike.
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Market Scope |
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Report Coverage |
Details |
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Page number |
173 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.73% |
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Market Growth 2024-2028 |
USD 51.38 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.02 |
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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 38% |
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Key countries |
US, China, Japan, India, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, 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, market forecast, 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 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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