The global mechanical keyboard market Growth Accelerated by Wireless connectivity
Mechanical keyboards offer tactile and audible feedback when typing compared to regular keyboards. They are durable and customizable with the option to replace switches and keycaps as per preference. The growing popularity of gaming and e-sports has driven the demand for mechanical keyboards as they provide responsiveness and accuracy.
The global mechanical keyboard market is estimated to be valued at US$ 2113.16 Mn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends driving the growth in the mechanical keyboard market is the adoption of wireless connectivity. Traditionally, mechanical keyboards require wired connections but several manufacturers are now introducing keyboards with options for Bluetooth or wireless connectivity. This has increased their appeal for applications beyond desktop usage including portable gaming laptops and tablets. Wireless mechanical keyboards provide the functional benefits of wired variants without the hassle of wires. Leading brands like Logitech, Razer, and Keychron offer keyboards compatible with common connection standards like Bluetooth or proprietary wireless protocols. The wireless form factor combined with customization and durability of mechanical switches is expected to drive significant demand over the forecast period.
Segment Analysis
The mechanical keyboard market is dominated by the wired mechanical keyboard segment which holds around three-fourth of the overall market share. Wired mechanical keyboards are preferred by serious gamers and programmers due to their better response time and reliability. Though wireless mechanical keyboards offer greater flexibility, they cannot match the fast response time of wired keyboards due to inherent latency issues related to wireless connection.
Key Takeaways
The Global Mechanical Keyboard Market Size is expected to witness high growth over the forecast period. The global mechanical keyboard market is estimated to be valued at US$ 2113.16 Mn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030.
Regional analysis: North America accounted for over 35% of global mechanical keyboard market share in 2023 owing to strong demand for gaming keyboards driven by gaming industry and community in countries like US and Canada. Presence of major players and strong distribution network benefits regional growth. Asia Pacific has emerged as promising region for mechanical keyboard market companies. Countries like China, South Korea and Taiwan are fastest growing markets attributed to increasing popularity of esports. Countries like India and Southeast Asian countries are expected to offer new growth avenues for companies amid rising youth interest in gaming.
Key players: Key players operating in the mechanical keyboard market are Logitech, Corsair, SteelSeries, Razer, HyperX, Cooler Master, and Ducky. Logitech is the global leader with wide range of offerings across price points catering diverse set of customers. Logitech introduced option configurable keyboards for customizing inputs specific needs of gamers.
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