The Global Gaming Keyboard Market size is expected to reach $4 billion by 2028, rising at a market growth of 9.0% CAGR during the forecast period.
A keyboard designed exclusively for gaming on computers is known as a gaming keyboard. Similar to an ultra-light gaming mouse with a perfect sensor or an e-sports gaming monitor with a high refresh rate, a gaming keyboard is a necessary piece of equipment for any gamer's setup because having one can offer the user an advantage over their opponents. In order to enhance the gaming experience, a decent gaming keyboard equips the conventional keyboard with cutting-edge functions.
This can be in terms of aesthetics and performance, such as RGB backlighting to make it easier to discern between keys during late-night gaming sessions and fast-actuation switches to quickly register inputs. With gaming keyboards, users can choose between mechanical and membrane switches. The mechanical keyboards for gamers have key switches that need fewer presses and speed up gameplay.
Additional keys for commonly used key sequences can also be user-configurable. The most crucial element is the speed of the key switch. The "actuation distance" is the pressure needed to push the key before it makes electrical contact with the circuit. The shorter the distance, the more quickly the key reacts.
For example, the actuation point of a typical mechanical key is 2 millimeters, while on other keyboards, it is 0.4 millimeters. It takes sophisticated software, hardware, and drivers to work with gaming peripherals and devices to provide adequate performance. Market players are working to offer users advanced gaming keyboards with peak performance and a variety of features to provide a great gaming experience.
The government's lockdown during COVID-19 helped the internet and offline gaming industries build their markets. Despite the COVID-19 pandemic having a significant negative impact on the worldwide economy, the gaming industry continued to grow at an astounding rate. Additionally, players increased significantly during the lockdown as people worldwide started investing in offline and online games. As a result, developers of video games like Sony, Tencent, and others saw increased sales during the pandemic. Therefore, during the initial phases of the pandemic, market growth declined, but as more people grew accustomed to gaming, the market began to expand.
Many e-sports championships have been established worldwide due to the e-sports and gaming industries' tremendous growth over the past ten years. In order to draw people into the electronic gaming industry, numerous corporations and businesses have stepped up and assisted in forming teams in various e-sports leagues. Young people have been motivated to pursue gaming as a career owing to the introduction of e-sports contests, which have raised awareness of electronic gaming. As a result, the popularity of gaming has increased, which has increased sales of gaming peripherals like keyboards and mouse.
The gaming business is always eager to provide its customers with the best and most recent material as technology develops. Graphics are becoming progressively more inventive in the twenty-first century. As a result, games today are of the greatest quality and function at higher frame rates than in the past. The improved visuals have helped the games look more realistic, and many of them have stunning detail and rich, lifelike pictures. Augmented reality (AR) and virtual reality (VR) technical breakthroughs are the primary drivers of the gaming technology industry. The gaming keyboard market will grow with the development of new and improved technology and content.
The availability of commonplace electronics like gaming consoles, computers, and technology-driven gaming keyboards has been impeded by a severe shortage of semiconductors. Since there aren't enough raw materials on the market, the main game companies' production goals have been delayed, and their introduction of new products has decreased. A gaming PC or high-end GPU from companies like Nvidia or AMD may not be available for months due to the shortage of semiconductors induced by the COVID-19 pandemic. Also, the biggest gaming accessory producers declared they would cut production over several years. Sales are anticipated to suffer, and the demand for gaming keyboards will suffer due to the lack of gaming accessories on the world market.
Based on product type, the gaming keyboard market is categorized into mechanical and membrane. The membrane segment procured a considerable growth rate in the gaming keyboard market in 2021. The materials used in the construction of a membrane keyboard are gentle. It, therefore, doesn't produce the distinctive clicking noise either. The continual sound of the keyboard does not require the user to invest extra effort or annoyance. Its simplistic design makes it simple to push the keys and type. Although the keys are silent and enable speedier typing.
On the basis of price point, the gaming keyboard market is divided into low-priced, medium-priced, and high-priced. The high-priced segment recorded a significant revenue share in the gaming keyboard market in 2021. The segment is growing as high-priced keyboards are preferred by gamers owing to their numerous advantages. A gaming keyboard's price over a conventional keyboard rises as more features are added. A top-notch gaming keyboard contains additional parts backed by precise key specifications to satisfy the needs of professional-grade users.
Based on distribution channel, the gaming keyboard market is segmented into supermarkets/hypermarkets, specialty stores, e-commerce, and independent retail stores. The specialty stores segment witnessed the maximum revenue share in the gaming keyboard market in 2021. A specialty store's key advantage is its focus on several subcategories of gaming accessories. By concentrating on a particular line of products, business owners and staff can show competency and receive respect for their knowledge and uniqueness in the chosen specialization of the company. Consumers visit a specialty store because it has a broader assortment of items within its area of specialization.
On the basis of connectivity type, the gaming keyboard market is bifurcated into wired and wireless. The wired segment procured the highest revenue share in the gaming keyboard market in 2021. The number of gamers is rising, fostering the segment's expansion. Due to their suitability for gaming applications, professional gamers often prefer wired keyboards. They are more sensitive to complicated key combinations and have no lags. Users like wired keyboards because they can play games and type without having to worry about replacing the battery or occasionally draining the battery.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 2.2 Billion |
| Market size forecast in 2028 | USD 4 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 9% from 2022 to 2028 |
| Number of Pages | 244 |
| Number of Table | 433 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Product Type, Connectivity Type, Price point, Distribution Channel, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the gaming keyboard market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region recorded the largest revenue share in the gaming keyboard market in 2021. MMORPGs (Massively Multiplayer Online Role-Playing Games) and competitive online gaming are well-liked in Asia Pacific, especially in China, Japan, and South Korea. Many select wired gaming keyboards as they can be used with PCs and consoles and are less expensive, where PC gaming is prevalent. Manufacturers are introducing keyboards with features like dual connection to facilitate hassle-free connectivity as well as a better gaming experience in response to rising demand for high-quality goods.
Free Valuable Insights: Global Gaming Keyboard Market size to reach USD 4 Billion by 2028
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; ASUSTeK Computer, Inc., Lenovo Group Limited, HP, Inc. are the forerunners in the Gaming Keyboard Market. Companies such as Corsair Gaming, Inc., Razer, Inc. and Logitech International S.A. are some of the key innovators in Gaming Keyboard Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Razer, Inc., Corsair Gaming, Inc., Logitech International S.A., ASUSTeK Computer, Inc., Lenovo Group Limited, HP, Inc., Mad Catz Global Limited, Shenzhen Rapoo Technology Co., Ltd., Eastern Times Technology Co., Ltd. (Redragon), and Mionix AB.
By Distribution Channel
By Product Type
By Connectivity Type
By Price point
By Geography
The global Gaming Keyboard Market size is expected to reach $4 billion by 2028.
Growth of E-sports and gaming worldwide are driving the market in coming years, however, Slow production of gaming keyboards because of raw material shortage and unavailability of the device in underdeveloped regions restraints the growth of the market.
Razer, Inc., Corsair Gaming, Inc., Logitech International S.A., ASUSTeK Computer, Inc., Lenovo Group Limited, HP, Inc., Mad Catz Global Limited, Shenzhen Rapoo Technology Co., Ltd., Eastern Times Technology Co., Ltd. (Redragon), and Mionix AB.
The Mechanical segment acquired maximum revenue share in the Global Gaming Keyboard Market by Product Type in 2021 thereby, achieving a market value of $3 billion by 2028.
The Medium-priced segment is leading the Global Gaming Keyboard Market by Price point in 2021 thereby, achieving a market value of $1.5 billion by 2028.
The Asia Pacific market dominated the Global Gaming Keyboard Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.6 billion by 2028.
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