Gaming Keyboard Market Size, Share, Trends, Growth 2030

Gaming Keyboard Industry Prospective:

The global gaming keyboard market size was worth around USD 2,918.50 million in 2022 and is predicted to grow to around USD 6,842.37 million by 2030 with a compound annual growth rate (CAGR) of roughly 11.24% between 2023 and 2030.

Request Free Sample

Gaming Keyboard Market: Overview

A gaming keyboard is specially designed for gaming. It is an auxiliary and compact keyboard with a limited number of original keys making it significantly different from conventionally used computer or laptop keyboards. The ergonomic design of gaming keyboards ensures that the user does not have physical discomfort while playing online games and also aids in improvements in overall performance. The gaming keyboards are designed for faster and smoother response time. The most commonly used keys on a gaming keyboard are ‘A’, ‘W’, ‘D’, and ‘S’ along with other keys adjacent to these keys.

Certain gaming genres such as third-person action-adventure, first-person shooters (FPS), and massively multiplayer online games (MMO) have been heavily influenced by the introduction and innovation in gaming keyboards. The benefits of the keyboards designed for gamers include compact size and access to more available keys. Furthermore, gaming keyboards also offer extra features such as headset ports, universal serial bus (USB) ports, and macro buttons. The demand for gaming keyboards is likely to reach new heights during the forecast period.

Key Insights:

• As per the analysis shared by our research analyst, the global gaming keyboard market is estimated to grow annually at a CAGR of around 11.24% over the forecast period (2023-2030)
• In terms of revenue, the global gaming keyboard market size was valued at around USD 2,918.50 million in 2022 and is projected to reach USD 6,842.37 million, by 2030.
• The gaming keyboard market is projected to grow at a significant rate due to the increasing number of international gaming forums and players
• Based on price point segmentation, the medium price was predicted to show maximum market share in the year 2022
• Based on distribution channel segmentation, e-commerce was the leading segment in 2022
• On the basis of region, Asia-Pacific was the leading revenue generator in 2022

Gaming Keyboard Market: Growth Drivers

Increasing the number of international gaming forums and players to drive the market growth rate

The global gaming keyboard market is expected to grow owing to the rising number of international forums and organizations hosting online gaming challenges. This has resulted in higher social acceptance of the online gaming community. In December 2023, Riot Games, a US-based developer and publisher of video games, hosted the debut international esports tournament in the Indian market as a means to strengthen its global reach. In October 2023, Saudi Arabia announced the launch of the Esports World Cup. It was regarded as one of the largest gaming events across the globe and meets the country’s growing efforts toward diversifying its economic strength.

In December 2023, a 13-year-old US teenager Willis Gibson became the world’s first person to achieve the otherwise considered impossible feat of beating the Tetris game after playing the game online at frenetic speeds for 40 minutes. The game, since its inception, has never been beaten and this is reportedly the first such instance. Such instances are likely to create further growth opportunities for hosts of gaming tournaments in the coming years thus creating more demand for gaming keyboards.

Rising use of online games in the education industry will deliver a higher growth rate

The demand for gaming keyboards is projected to be further encouraged by the increasing use of online gaming models across educational facilities since digital games are known to promote higher learning. Certain institutes use customized games to improve problem-solving skills and deliver opportunities to learn cognitive skills. Several reports have been published worldwide highlighting the importance of incorporating esports in learning activities.

In 2019, European Schoolnet (EUN) and Video Games Europe announced a collaboration for the launch of the fifth edition of Games in Schools. As more schools and educational institutes become technologically adept, the demand for products available in the global gaming keyboard industry is likely to reach new levels.

Gaming Keyboard Market: Restraints

High prices of good quality gaming keyboards and increasing incidents of counterfeiting may restrict market expansion

The global gaming keyboard industry is expected to be challenged by the high price of good quality gaming keyboards. While the market offers more affordable versions starting from USD 50, they may not be as efficient as good quality alternatives that cost over USD 200.

The market growth rate is further affected by the growing number of counterfeit gaming keyboard sellers especially using the loopholes in the e-commerce industry. Hence customers must ensure that the products are bought from reliable sources since using gaming keyboards with poor ergonomic designs may lead to physical discomfort in the long run.

Gaming Keyboard Market: Opportunities

Growing number of new product launches and rising innovation to attract more customers

The global gaming keyboard market growth rate is projected to be fueled due to the increasing number of new product options resulting in a higher purchasing rate among customers. Companies are working on improving keyboard performance and ensuring that they align with the advancing online games requiring additional features on the gaming keyboard for a smoother experience.

In December 2023, Vertux, a leading producer of gaming lifestyle products, entered the Indian market with the launch of two new products called the Zulu dynamic headphone stand and VertuPro wireless gaming keyboard. The products are reasonably priced and currently available for pre-sales on Amazon, the leading e-commerce website.

In September 2020, the gaming division of the Kingston Technology Company, HyperX, announced the launch of the first Arabic-style gaming keyboard. The layout of the keyboard is in Arabic style thus offering personalized settings for the Arabic population.

Wireless gaming keyboards register the highest growth rate

The global industry for gaming keyboards is projected to be impacted by the increasing demand for wireless gaming keyboards. These units offer higher flexibility to the users. They are portable and hence more preferred. In addition to this, the ongoing developments in reducing the latency period or improving the battery life of wireless variants may aid higher market growth during the forecast period.

Gaming Keyboard Market: Challenges

Rising concerns over children being addicted to online games may restrict market expansion

One of the key challenges faced by the global gaming keyboard market players is the growing concerns over addiction to online gaming. Young players are at risk of living a stationary lifestyle as they neglect games played in outdoor settings. Additionally, online games have gained a reputation for promoting violence among children further adding to growth barriers.

Gaming Keyboard Market: Segmentation

The global gaming keyboard market is segmented based on price point, product, distribution channel, and region.

Based on price point, the global market is divided into high price, medium price, and low price. The highest growth rate was observed in the medium-price segment. The gaming keyboards in this category are reasonably priced and offer a satisfactory response when playing online games. However, the high-price segment is expected to register the highest growth rate during the forecast period as more advanced keyboards are released in the market. The most expensive gaming keyboard in the US market is currently priced at USD 229.

Based on product, the global gaming keyboard industry is divided into membrane and mechanical.

Based on distribution channel, the global market is segmented into specialty stores, supermarkets/hypermarkets, independent retail stores, and e-commerce. In 2022, the highest growth was witnessed in the e-commerce segment. The growing sale of consumer electronics through online portals was the leading driving factor. In 2022, over 80% of consumer electronics in India were sold online.

Gaming Keyboard Market: Report Scope

Gaming Keyboard Market: Regional Analysis

Asia-Pacific to lead with the highest growth rate during the forecast period

The global gaming keyboard market is dominated by Asia-Pacific and the same trend is expected in the future. China, South Korea, and Japan are the leading regional market contributors. The Chinese gaming industry in 2022 was worth over USD 44.01 billion. The country has a huge population of online game players. As per official data, more than 500 million in China frequently play online games. Even though the country is reported to be cracking down on the online gaming industry, it is one of the largest producers and exporters of consumer electronics including gaming keyboards.

The Singapore-American leading producer of gaming keyboards RAZOR is one the leading pioneers of the gaming accessory industry. Some of the gaming keyboards produced by the company are used by professional online gamers. Europe has a huge market for gaming keyboards. The growing population of esports enthusiasts and the presence of key manufacturers will aid the regional expansion trends. France-based CORSAIR, in October 2023, announced the launch of the K70 CORE, a new gaming keyboard with advanced features. In January 2024, the company launched another in the form of the K55 CORE thus maintaining its market dominance.

Gaming Keyboard Market: Competitive Analysis

The global gaming keyboard market is led by players like:

• Razer Inc.
• Corsair
• ASUS ROG
• Logitech G
• Redragon
• SteelSeries
• Cougar Gaming
• HyperX
• Thermaltake
• Cooler Master
• G. SKILL
• A4TECH
• Ducky Channel International Co. Ltd.
• Roccat
• MSI (Micro-Star International)

The global gaming keyboard market is segmented as follows:

By Price Point

• High-Price
• Medium-Price
• Low Price

By Product Type

• Membrane
• Mechanical

By Distribution Channel

• Specialty Stores
• Supermarkets/Hypermarkets
• Independent Retail Stores
• E-Commerce

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa