Computer Keyboards Market to Grow at an Estimated CAGR of 5.5% During the Forecast Period 2022-2030

03 Aug 2022

The global market for computer keyboards is anticipated to expand at a compound annual growth rate of 5.5% during the forecast period 2023 to 2030. There are primarily three categories of keyboards, wired keyboards, wireless keyboards, and ergonomic keyboards. A convenient setting for workers is one of the most important ingredients in a successful workplace setting. The keyboard manufacturers are coming out with ergonomic keyboards that are intended to relieve strain on the muscles. Utilizing one of these keyboards is a pleasant and uncomplicated experience. A computer keyboard can be used for a variety of purposes, including gaming, personal computing, and business. E-learning institutes, households, business institutions, and other types of organizations are among its ultimate users. It is regarded as an affordable and highly productive computer accessory that has the potential to increase productivity. The market for computer keyboards is growing due to the rise of remote workers according to COVID-19. In the next few years, more corporate employees will switch to remote work. It's an input device for a smart TV, PC, laptop, tablet, or phone (TV). Swiss-American company Logitech International, SA is expanding to meet demand. The company focuses on wireless peripherals to meet the market needs swiftly.

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Growing numbers of people who play video games on keyboards are driving the keyboard market. EEDAR observed in its study that 67% of U.S. adults play video games. The country now has 211.2 million players. The number of video game players grows annually, and new titles raise the demand for gaming hardware. This will boost the keyboard market. A gaming keyboard has simple, quick, and frequent keys to appeal to gamers. The 104 keys on a full-size layout enable a wide number of inputs, and mapping game functions to those keys give players alternatives. The full-size arrangement has 104 keys. Keyboards also support macros, which are sequences of commands tied to a single input. Growing numbers of gamers will undoubtedly boost the keyboard business. The expanding market for smart TVs as luxury electronic devices has increased the use of wireless keyboards. As smart TVs' game quality improves, more people will use wireless keyboards in the next years.

Unlike conventional keyboards, the keys for terminating a sentence, erasing text, and returning to the home screen aren't together in an ergonomic keyboard, causing confusion to the users. The smaller size of the function keys (F1 through F12) and the escape key can create user misunderstanding. Medical professionals advise the keyboard's design must be painless and pleasurable to limit RSIs. Vertical keyboards can cause confusion and pain. When typing vertically, the user's palms may not be supported by the keyboard. Specialists' photographs of the correct hand position are opposite of what's needed on vertical keyboards. These difficulties are expected to slow market growth in the forecast future.

The rise of touchscreen devices like smartphones, laptops, and tablets will slow the market for keyboards in the coming years. Touchscreens were designed to make navigating easier and more enjoyable, and users can accomplish more with them than with trackpads or mice. Telsyte reports that 1.44 million hybrid tablets were purchased in the first half of 2019. Microsoft and Google both improved their touch screens in 2019. The prevalence of touchscreen devices may slow the market for keyboards.

Promoting ergonomic keyboards is vital to raising awareness. As a result, ergonomic devices will sell more than regular keyboards. Several groups have criticized the marketing of ergonomic keyboards as a way to decrease typing-related injuries. Research published in "Work: A Journal of Prevention, Assessment, and Rehabilitation" (sponsored by the National Institute for Occupational Safety and Health) found that 80% of participants did not develop keyboard pain. Increasing customer interest in ergonomics is expected to create excellent economic opportunities in the near future. Standard and ergonomic keyboards make up the global computer keyboard market. The ergonomic keyboards market is expected to grow at a CAGR of 7% during the forecast period 2023 to 2030. Basic keyboards are losing ground to ergonomic ones. Basic keyboards made up about 85% of the market in 2021.

North America leads the market for ergonomic keyboards by value, whereas the Asia Pacific excluding Japan leads by unit shipment. In North America, ergonomic keyboards are gaining higher demand. OEMs in this region offer ergonomic keyboards in several forms and sizes, driving the market growth. They can capitalize on the industry's potential. The Asia Pacific, excluding Japan, will grow significantly over the predicted period. This is mostly due to the expansion of multi-national firms in the Asia Pacific, such as Tata Group, Intel Corporation, Global Sources, Induchem AG, and HubSpot, Inc. Regional manufacturers' fierce competition is reducing the price of ergonomic keyboards, which is helping to expand the market in this region.

Due to diminishing demand and global market saturation, competition among competitors is fierce. Product introductions are a major strategy for competitors as the demand for peripherals to handle operational concerns and the emphasis on convenience grows. Innovations stimulate demand. Competitors are advertising new wireless ergonomic keyboards to raise user awareness. Logitech International SA, Microsoft Corporation, Datadesk Technologies, Inc., Fentek Industries Inc., Adesso AG, Shenzhen V4 Electronic Co., Ltd., Fellowes Limited, Kinesis Corporation, Gold Touch Enterprise Inc., and Posturite UK Ltd. are some significant computer keyboard manufacturers.

Key Market Trends

  • The global market for computer keyboards is anticipated to expand at a compound annual growth rate of 5.5% during the forecast period 2023 to 2030.
  • Growing numbers of people who play video games on keyboards are driving the keyboard market.
  • The rise of touchscreen devices like smartphones, laptops, and tablets will slow the market for keyboards in the coming years.
  • Promoting ergonomic keyboards is vital to raise awareness. As a result, ergonomic devices will sell more than regular keyboards.
  • The ergonomic keyboards market is expected to grow at a CAGR of 7% during the forecast period 2023 to 2030. Basic keyboards are losing ground to ergonomic ones.
  • Basic keyboards made about 85% of the market in 2021.
  • North America leads the market for ergonomic keyboards by value, whereas the Asia Pacific excluding Japan leads by unit shipment.
  • Due to diminishing demand and global market saturation, competition among competitors is fierce.
  • Logitech International SA, Microsoft Corporation, Datadesk Technologies, Inc., Fentek Industries Inc., Adesso AG, Shenzhen V4 Electronic Co., Ltd., Fellowes Limited, Kinesis Corporation, Gold Touch Enterprise Inc., and Posturite UK Ltd. are some significant computer keyboard manufacturers.
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