June 19, 2024
Computer Keyboards Market

Computer Keyboards Market is Estimated to Witness High Growth Owing to Technological Advancements in Wireless Connectivity.

Computer keyboards are an essential input device used to enter text and commands into a computer or terminal. They facilitate fast data entry and save time by allowing users to type rather than use a mouse. Modern keyboards offer various form factors, wireless connectivity, backlighting, and are compatible across different platforms including Windows, Mac, and Linux.

The Global Computer Keyboards Market is estimated to be valued at US$ 5.86 Mn in 2024 and is expected to exhibit a CAGR of 9.9% over the forecast period from 2024 to 2030.

Key Takeaways

Key players operating in The Computer Keyboards Market include Camelbak, Nalgene, Sigg, Klean Kanteen, Thermos, Contigo, O2COOL, Brita, Bobble, Vapur, Grayl, Hydro Flask, Lifefactory, Bkr, Que, Takeya, Polar Bottle, Glass Dharma, Aquasana, Corkcicle. Technological advancements in wireless connectivity have significantly boosted the demand for wireless and Bluetooth enabled keyboards. Growing adoption of ergonomic keyboards for desktop setups and laptops to prevent wrist injuries is fueling market growth. Increasing online sales and growing popularity of customized and personalized keyboards with customizable backlighting and keycaps are opening new growth opportunities.

Market Drivers

Technological advancements in wireless connectivity standards such as Bluetooth Low Energy and Wi-Fi have enabled the development of advanced wireless keyboards with long battery life and robust connectivity. Proliferation of desktops, laptops, and all-in-one PCs for personal, commercial and industrial applications is driving the demand for computer keyboards. Rising health concerns associated with prolonged typing and repetitive strain injuries is propelling the adoption of ergonomic keyboards featuring split, bent and curved designs.

Challenges in the Computer Keyboards Market

The computer keyboards market faces several challenges. One of the major challenges is increased competition from low-cost manufacturers, especially in Asia. Many small companies offer keyboards at very low prices, putting pricing pressure on established brands. Secondly, technological innovations are happening rapidly in this industry. Companies need to continuously invest in R&D to develop new keyboard technologies and features like ergonomic designs, different switch types, wireless functionality etc. They also need to timely upgrade their product portfolio to align with changing consumer preferences. This requires substantial financial resources. The rising electronic waste from discarded keyboards is also a major concern. Companies need to adopt sustainable manufacturing and end-of-life disposal practices to reduce environmental impact.

SWOT Analysis

Strength: Established brands have strong brand recognition and loyal customer base. Weakness: Smaller companies have limitations in resources for R&D and marketing. Opportunity: Growing demand for ergonomic and specialized keyboards from gamers, coders etc.

Threats: Price wars and availability of low-cost substitutes can affect margins and market share.

Geographical Regions

In terms of value, the computer keyboards market is highly concentrated in North America and Asia Pacific region. North America accounts for over 35% share due to high personal computer penetration and demand for customized keyboards from gamers. Asia Pacific is the fastest growing regional market with over 25% share due to rising exports from China, Taiwan and presence of local manufacturers.

The Asia Pacific region is emerging as the fastest growing geographical region for the computer keyboards market between 2024-2030. This is attributed to lower manufacturing and labor costs in countries like China and India enabling production of affordable keyboards. Also, growing middle class population and accelerating PC sales are driving market growth in theregion. Countries like India, Vietnam and Indonesia offer immense scope for future market expansion.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it