The global laptop accessories market size was valued at USD 35.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2021 to 2028. The demand for laptop accessories is primarily driven by the growing popularity of e-sports and the adoption of process automation in industries. Personal computer sales were predicted to decrease ten years ago, but it has only recently witnessed its first significant increase in a decade. In 2021, according to a market research firm Canalys, PC shipments reached 297 million units in 2020, up 11% from 2019.
According to the survey conducted by Local Circles in March 2021, with 10,530 respondents, the shoppers utilized online sales platforms to buy everything from vegetables to festive supplies, home furnishings, and computers. When the number of people in the pool were examined, 54 percent purchased medium-value things such as electronic accessories, apparel, sporting goods, and so on.
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Key Player Mentioned:
- Logitech
- Western Digital Corporation
- Hewlett-Packard Company
- ASUSTeK Computer Inc.
- Dell
- GIGA-BYTE Technology Co., Ltd.
- Seagate Technology LLC
- Microsoft
- Kingston Technology
- Hama
Product Segment Analysis:
- Electronic
- Non-electronic
Application Segment Analysis:
Moreover, the market for laptop accessories is anticipated to grow significantly over the forecast period owing to external causes such as technological advancements in Wi-Fi, Bluetooth, and Infrared and internal factors such as the reduction in overall accessory weight. Furthermore, the market is predicted to grow due to product innovation and cost-effectiveness.
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
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The market is fragmented owing to the presence of a large number of domestic as well as international players. However, the majority of the market share is captured by key players. An increase in the use of accessories by various businesses and specialized consumer segments is one of the primary reasons boosting the market growth. Vendors in the market are releasing new products based on improved technologies, such as Luminae’sTransluSense keyboards and Tobii’s REX Gaze engagement device, which will have an impact on the industry growth over the forecast period.
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