Vantage Market Research
Nov 12, 2021
According to analysts at Vantage Market Research, the Wireless Mouse & Keyboard Market is expected to reach USD 8,770 Million by 2028, growing at a CAGR of 6.9% between 2021 to 2028. Growth in the business of the information and communications technology area which requires PCs and wireless mouse and keyboards has ended up being a driver of the market. There is an ascent in the launch of new innovative technology achieved with the most elevated battery force of wireless mice for gaming and other IT-related activity.
Key Findings:
- The wireless mouse segment is projected to expand at the fastest CAGR exceeding 6% over the forecast period owing to the increasing adoption of wireless keyboards and mice as it can provide more space by reducing the clutter. With wiring, there is less confusion and more time to be spent being productive. A wireless keyboard and mouse can also allow people to access the same computer at a time. This benefit as its less time-consuming, this is one of the determinants for market growth of wireless keyboards and mouse market.
- The notebook segment held a market share of around 7% in 2020. This share is due to the rising advanced technological developments which created a positive scope for the notebook segment which is a factor that has led to overall market growth.
- North America is expected to expand at a CAGR of over 5% from 2021 to 2028. This surge is attributed to the rising demand for the wireless mouse & keyboard market in developed economies such as U.S. and Canada.
The market development is because of the advancing technological progression like wireless networks and high battery power innovation. The expanding cutting-edge innovation reception for PC embellishments like a wireless mouse and keyboard used in offices and the increased buying force of individuals will help the interest for the wireless mouse and keyboard market over the projected duration.
North America is expected to record the highest CAGR, owing to the increasing demand in countries, such as the U.S., Canada, and Mexico, coupled with the growth of the region's overall wireless mouse & keyboard market. The increasing number of branded retail outlets in the region is expected to help market development. Quick growth in corporate areas is additionally expected to emphatically affect market improvement.
Some of the key players in the wireless mouse & keyboard market include Handshoe, Razer, HP, A3tech, Corsair, Rapoo, Microsoft, Lenovo, Logitech, Apple, IOGEAR, among others. The market is comprised of a high degree of competition due to the presence of numerous key players. Manufacturers are focusing on opting for various inorganic growth strategies such as acquisitions, mergers, and geographical expansion to leverage their market share and gain a competitive advantage.