PC Accessories Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027) – Yahoo Finance


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The PC accessories market is expected to register a CAGR of 12. 13% over the forecast period. One of the primary factors for the market’s growth is the increased use associated with computers in many enterprises to manage their day-to-day operations.

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The particular growing acceptance of process automation across various end-user sectors will likely drive market growth during the forecast period. Furthermore, rising personal computer usage as a means of recreation, such as gaming, is expected to boost market expansion. Furthermore, the particular growing reliance on digitization, aided by changing lifestyles and technological innovation, is expected to enhance marketplace growth significantly.

Key Highlights
According to the Organization for Economic Co-operation and Development survey, simply by 2025, the number of households with computers will be expected in order to increase to 1, 262. 47 million. Homes along with at least one computer are referred to as computer households. Such the massive increase in pc adoption will create an opportunity for market players in order to expand their PC add-ons product portfolio. This will certainly enable them to expand their presence in different regions plus increase their marketplace share.
There is usually a growing trend toward wireless environments in the next generation of PCs and consoles due to the growth of wireless peripherals. Razer created a fleet associated with wireless flagships to do this. Razer HyperSpeed, tested and trusted by e-sports players worldwide, is integrated into Razer’s premium e-sports headset and most popular video game keyboard.
Increased employment in the particular Information and Communication Technology industry, which requires Personal computers and wireless devices such as mice and keyboards, is driving the market. Breakthrough technology with maximum battery power is increasingly used in wireless rodents for IT-related industries. For example, within June 2021, the Swiss-based tech giant Logitech released their G PRO Wireless Gaming Mouse, the first product in order to have the new carbon impact badge, indicating that it reduces the carbon footprint that was harming the environment.
Wireless mice are rapidly expanding as competitive-level gamers are seeing increasingly inventive features added to all of them, such while RGB lights and extra programmable buttons. This wireless mouse is commonly used in workplaces, homes, and the entertainment industry.
The global semiconductor shortfall has disrupted the supply of everyday devices ranging from cellphones to game games consoles to technologically dependent automobiles. This has caused significant gaming businesses in order to postpone their own plans, plus the release of gadgets into the particular market has resulted in a decline inside demand for their associated peripherals.
The PC market was in decline pre-COVID-19 due to the development of mobile and macro computing, which is the significant factor. Consumers use PCs less and much less in their daily lives because mobile phone and tablet competition increases. As a result of the COVID-19 outbreak, which shut down China, a significant hub with regard to PC manufacturing, in the particular first few months of 2020, the sector experienced a more substantial decline. Sales fell further when PC production sites closed throughout the nation.

Key Market Styles

Emergence of Technologies like AR, VR, plus AI to Drive the Market

Rising internet connectivity as well as the advent associated with high bandwidth network access, for example 5G, have contributed to improved demand regarding PC and gaming components globally. The particular popular information technology trend implemented or planned to be implemented in North American plus European organizations like 5G technology is definitely 55%, and 37% of respondents stated that their particular company either adopted or planned in order to adopt virtual reality technology inside 2023.
Major game console makers, such like Nintendo plus Microsoft, have recognized the particular potential associated with augmented reality and are leading the charge. The game playing business can be constantly evolving, with new technologies, such as augmented fact (AR), being developed each year. AR technologies have several uses within gaming, ranging from improving the user experience to developing brand new gameplay elements. Another critical factor is where AR technologies are deployed. VR games, in particular, are influencing the PERSONAL COMPUTER and platform markets. Oculus and HTC devices dominate the COMPUTER market, while PlayStation VR remains popular among Sony console players.
One method is to make use of an augmented reality (AR) headset, such as the Oculus Rift or HTC Vive, which usually allows users to see and interact with virtual things in a real-world setting. Another option for playing AR games on your PC is to utilize an AR program like Google Tango or ARKit. Top gaming industry manufacturers are releasing games with AR and VR capabilities. As a result of such complex games, there is a need for gaming accessories.
Furthermore, fast-expanding systems like virtuelle realität (VR) plus artificial intelligence (AI) propel global market development. AR can take gamers out of ’their world’ and put them into the real world to play. Human Pac-Man, intended for example, is a game that allows users to wear headgear and pursue one other in real life, exactly like the characters in Pac-Man. Such advancements assist in creating gaming plus PC add-ons to give gamers a better video gaming experience.
Moreover, VR game creators are encouraging the wider populace in order to adopt digital and increased reality-based videogames, which sometimes come in sets along with headgear and motion tracking to engage within an entirely realistic gaming experience.
Various key gaming VR device business participants continuously update their offers to keep up with the particular latest technology. For instance, in November 2022, DPVR, the prominent producer of virtual reality (VR) devices, announced the launch of its latest PC VR gaming headset, the ’DPVR E4, ’ to control the market to get connected PC VR headsets. Sony’s PlayStation VR device is likewise pushing the envelope. Sony announced within November 2022 that Ps VR2 would be available on February 22, 2023. The PlayStation VR2 Sense controller charging station, which is mainly developed for the particular PS VR2 Sense controller, is also anticipated to be available on the same day.

Asia-Pacific will be Expected to be the Fastest Growing Marketplace

The growing popularity associated with virtual video gaming in recent years offers led to the particular growth of PC gambling accessories. The growing popularity of e-sports and the expanding number of gamers through the globe are expected in order to drive demand in the Asia-Pacific region.
Due to the particular prevalence associated with central personal computer and computer accessory manufacturers, China provides had a substantial share of the global PERSONAL COMPUTER accessories marketplace throughout the forecast time period. The country’s demand pertaining to PC accessories is predicted to rise seeing that the IT industry expands, driven by constantly growing technology.
Online gaming is becoming increasingly popular throughout the globe. To assist the particular user in performing better in online gaming, technically advanced components such as a mouse, mechanical switch keyboards, plus headphones are required. This may further raise the need for PC accessories. The country’s significant players manufacture customized PC add-ons for on the internet gaming. This particular aspect is certainly anticipated to considerably contribute to the expansion from the China COMPUTER accessories market.
Gaming consoles are in high need in Japan because of the growth in the number of players and technological developments in the last few years.
During COVID-19, the particular gaming marketplace has witnessed substantial development due to the nationwide lockdown imposed, and people spend most of their own time gaming. The rising popularity of e-sports is also one of the key factors propelling Japan’s PC components market. The particular gaming landscape has evolved considerably with the introduction associated with e-sports leagues. Since many gamers turn to games as a career, owning gaming gear has become a requirement for numerous games, bolstering the market’s development and expansion.
South Korea is highly gaming-oriented, with large video gaming centers distributed around the country, accounting meant for a substantial proportion of revenue. In addition, due in order to the focus on intense gaming experiences, video gaming headsets have witnessed an increase in requirement. With a focus on enhanced stereo sound, this segment will likely increase considerably among professional gamers.
Furthermore, according to the Ministry associated with Science plus ICT (South Korea), 93. 6% of South Korean households along with an income of more than 4 million had a desktop pc in 2021. As household income rises, the ownership rates also increase. This shows that more usage of Computers in the particular country is usually directly giving rise to the need designed for PC accessories, thereby driving the marketplace.

Competitive Landscape

The PC add-ons market is usually moderately fragmented because of the existence of both global gamers and small and medium-sized enterprises. The particular key players in the market are Alienware (Dell), Logitech International SA, Razer Inc., Mad Catz Global Limited, and Turtle Beach Corporation, among others. Players in the market are adopting strategies for example partnerships, innovations, mergers, and acquisitions to enhance their particular product offerings and gain sustainable competitive advantage.

August 2022: Turtle Beach Corporation revealed the particular all-new Vulcan II Mini Optical-Mechanical PC Gaming Keyboard. The latest addition to ROCCAT’s highly lauded range associated with Vulcan key boards, the Vulcan II Small furthers the brand’s keyboard evolution with groundbreaking features, including the world’s first Dual LED Smart Keys plus improved TITAN II Optical Switches. At 65% the particular size of a standard key pad, the Vulcan II Mini still retains the arrow keys and provides ample room just for broad, sweeping mouse movements needed to win fast-paced games, making it an ideal addition in order to any PERSONAL COMPUTER gamer’s arsenal.
June 2022: Razer’s Basilisk V3 as well as the DeathAdder achieve an ECOLOGO certification by Underwriters Laboratories (UL). The rats have passed UL2710, the Outline associated with Investigation for the purpose of Sustainability for Portable Electronics, which certifies them since sustainable products, a tribute towards the brand’s commitment to making greener products.

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