According to Cognitive Market Research, the global Computer Peripherals market size is USD 411051.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 164420.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 123315.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 94541.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 20552.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 8221.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
The wired connectivity held the highest Computer Peripherals market revenue share in 2024.

Market Dynamics of Computer Peripherals Market

Key Drivers of Computer Peripherals Market

Increasing Demand for Remote Work Solutions to Increase the Demand Globally

The Computer Peripherals market is experiencing a surge in demand due to the global shift towards remote work arrangements. As businesses and individuals adapt to remote work environments, there is a growing need for essential computer peripherals such as keyboards, mice, monitors, and webcams to facilitate efficient communication and productivity. Additionally, the rising trend of remote learning and online education further drives the demand for computer peripherals, particularly among students and educators. This increased demand for remote work solutions is expected to fuel the growth of the Computer Peripherals market in the coming years.

Technological Advancements and Innovation to Propel Market Growth

Another key driver propelling the growth of the Computer Peripherals market is continuous technological advancements and innovation in the field. Manufacturers are constantly introducing new and improved computer peripherals with enhanced features, functionalities, and compatibility to meet the evolving needs of consumers and businesses. For example, the development of wireless peripherals, ergonomic designs, and customizable options cater to the growing demand for convenience, comfort, and flexibility. Furthermore, innovations such as augmented reality (AR) and virtual reality (VR) peripherals are opening up new opportunities in gaming, entertainment, and professional applications. This focus on innovation drives product differentiation and stimulates consumer interest, thereby driving market growth in the Computer Peripherals sector.

Restraint Factors Of Computer Peripherals Market

Supply Chain Disruptions to Limit the Sales

One of the key restraints affecting the Computer Peripherals market is the impact of supply chain disruptions. The global computer peripherals industry heavily relies on complex supply chains involving multiple components and manufacturing processes, often spanning across different countries. Disruptions in the supply chain, such as raw material shortages, transportation delays, and manufacturing plant closures, can significantly hinder the production and distribution of computer peripherals. These disruptions may arise from various factors, including natural disasters, geopolitical tensions, and unexpected events like the COVID-19 pandemic. As a result, manufacturers may face challenges in meeting demand, leading to product shortages, increased lead times, and higher production costs, which can ultimately dampen market growth and profitability.

Impact of Covid-19 on the Computer Peripherals Market

The COVID-19 pandemic has had a significant impact on the Computer Peripheral Market, disrupting both supply and demand dynamics. On the supply side, lockdown measures, factory closures, and disruptions in global supply chains have led to delays in manufacturing and distribution of computer peripherals. Many companies have faced challenges in sourcing raw materials and components, resulting in production bottlenecks and shortages of certain products. Additionally, ...

The net valuation of the global computer peripherals market is anticipated to be around US$ 446 billion in 2023. Decreasing prices of consumer peripheral devices are anticipated to boost the demand, thereby, garnering US$ 1,214.1 billion in 2033. The market is likely to record a CAGR of 10.5% from 2023 to 2033.

Attribute	Details
Computer Peripherals Market Valuation in 2022	US$ 409.55 billion
Estimated Global Market Share in 2023	US$ 446 billion
Forecasted Global Market Size by 2033	US$ 1,214.1 billion
Projected Global Market Growth Rate from 2023 to 2033	10.5% CAGR

What is the Segmentation Analysis of the Global Computer Peripherals Market?

Category	By Connectivity
Top Segment	Wired Computer Peripherals
Market Share in Percentage	59.4%

Category	By End Use
Top Segment	Commercial
Market Share in Percentage	60.3%

Which are the Regions Boosting the Global Computer Peripherals Market?

Regional Market Comparison	Global Market Share in Percentage
North America	32.1%
Europe	25.5%

Regional Market Comparison	Global Market Share in Percentage
United States	17.6%
Germany	10.4%
Japan	5.4%
Australia	2.6%

Countries	CAGR (2023 to 2033)
United States	9.7%
United Kingdom	9.9%
China	12.5%
Japan	12.1%
India	12.2%

Computer Peripherals Market size was valued at USD 470.95 Billion in 2024 and is projected to reach USD 779.42 Billion by 2032, growing at a CAGR of 6.5% from 2026 to 2032.

Global Computer Peripherals Market Overview

The growing use of computers and laptops in various sectors, including business, education, and personal use, drives the demand for computer peripherals. The continuous advancements in technology contribute to the growth of the Computer Peripherals Market. The development of wireless peripherals, ergonomic designs, high-resolution displays, advanced audio systems, and innovative connectivity options attracts consumers seeking improved productivity, convenience, and immersive experiences. The booming gaming industry is a significant driver for specialized gaming peripherals. The rise of esports and the increasing popularity of gaming as a recreational activity create opportunities for gaming keyboards, mice, controllers, headsets, and monitors.

The computer peripheral manufacturing industry in the US has faced significant shifts in market dynamics since 2020, where revenue declined sharply because of disrupted supplies of crucial semiconductors and electronic inputs. As supply chains and demand have stabilized since the pandemic, US manufacturers have benefited from more downstream customers focusing on diversifying their supply sources in favor of domestic manufacturers. As imports have become less competitive compared to previous periods, US companies have benefited from a greater market foothold. With tensions involving China also contributing towards a weakening of import growth, industry revenue has increased at a CAGR of 1.8% over the past five years, which includes growth of 1.2% to reach $12.0 billion during 2025. Profit growth meanwhile, has remained steady as improvements in manufacturing efficiencies have been offset by higher purchasing costs in recent years. In-demand storage solutions have evolved alongside the prolific adoption of cloud infrastructure and additional technology. Leading storage device manufacturers have capitalized on these trends, developing reliable high-capacity storage devices tailored for cloud storage and AI applications. Similarly, demand for wireless and Bluetooth peripherals has surged to support remote workspaces and e-commerce has become a valuable channel for these manufacturers. Moving forward, rising geopolitical tensions, especially between China and Taiwan, pose significant risks to the industry's supply chain reliability. Taiwan's role as a semiconductor hub continues to make the industry's supply chain vulnerable and potential conflicts could disrupt production for US manufacturers reliant on Taiwanese semiconductors. To mitigate risks, the US CHIPS Act will continue to foster domestic semiconductor production, offering future stability to US manufacturers that proactively diversify their source inputs. This will be crucial as AI integration will continue reshaping the industry, with manufacturers incorporating AI into products and production processes to meet demand for products and become more efficient. As the market matures, industry consolidation is anticipated, though demand for industry products will remain high moving forward. As a result, industry revenue is forecast to increase at a CAGR of 2.3% over the five years to 2030 to reach $13.4 billion.

Global Computer Peripheral Equipment market size is expected to reach $189.24 billion by 2029 at 3.4%, segmented as by type, mouse, keyboard, monitor, printer, scanner

Expert industry market research on the Computer Peripheral Manufacturing in the US (2005-2031). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

Graph and download economic data for Producer Price Index by Industry: Computer Terminal and Other Computer Peripheral Equipment Manufacturing (PCU334118334118) from Dec 1993 to Apr 2025 about computers, equipment, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The market size of the computer hardware, software and peripherals industry in Singapore reached a value of about 4.52 billion U.S. dollars in 2018 and is estimated to grow up to 4.1 billion U.S. dollars in 2019. The cause of this successful development lies in the comprehensive investment incentives by the Singapore government.

The Computer and Peripheral Equipment Manufacturing industry is highly competitive, with low selling prices and tight profitability. These low prices, as well as the release of new and enhanced products, computer software and applications, have helped to drive sales. However, computer and peripheral equipment manufacturing activity has largely shifted to countries with low-cost labour and more efficient supply chains. Revenue is estimated to decline at a compound annual rate of 2.3% over the five years through 2024-25 to £2.3 billion, largely due to falling unit prices and high import penetration. Manufacturers have had some respite in the form of government and business contracts, with some manufacturers operating in niche markets performing reasonably well. However, competition from abroad has intensified significantly. This has forced some unprofitable manufacturers out of the industry, while some have transferred production capacity to countries where manufacturing costs are lower than in the UK, like China and parts of Eastern Europe. The number of companies operating in the industry has consequently fallen. In 2024-25, revenue is expected to drop by 5.1% as poor economic conditions hold back sales to both households and businesses. The next five years promise opportunities for growth if UK manufacturers are able to take advantage of them. Ever-advancing technology in the fields of AI and quantum computing will demand improved hardware equipment to keep up. The government has committed billions of spending to help the UK keep at the cutting edge of technology, which should prop up future sales – especially as the public sector is one of the industry’s largest markets. Growth is likely to be supported by an increased emphasis on niche products, where manufacturers can compete with low-cost foreign competitors. Revenue is forecast to edge upwards at a compound annual rate of 2.4% over the five years through 2029-30 to £2.5 billion.

Since 2019, the IT equipment and accessories manufacturing sector has recorded negative growth on average. Turnover in the sector has fallen by an average of 10.7% per year over the past five years to 3.5 billion euros. In 2020 in particular, turnover slumped by 50.2 %. The immense decline in turnover in 2020 is mainly due to the closure of the production site of the largest industry player Fujitsu. IBISWorld expects industry turnover to fall by 1.7% in the current year.Although the ongoing digitalisation of society and business processes is having a positive impact on the industry, industry players can only benefit from this to a limited extent. This is because countries with lower production costs, such as China, benefit from mass production, which enables them to offer their products at lower prices than German manufacturers. As industry players cannot compete with these low prices due to higher production costs in Germany, they have not been able to achieve quality leadership in IT devices such as laptops and tablets. One way to achieve international success despite this is to develop and produce niche products such as servers or self-service terminals. Competition is less fierce in these areas and technological innovations can be achieved with less effort.IBISWorld expects the industry's turnover to fall by an average of 1.5% per year to 3.2 billion euros by 2029. One of the reasons for this is likely to be strong international competitive pressure. In addition, foreign manufacturers of IT equipment and accessories have little incentive to open new production facilities or expand existing ones in Germany, as the market is already saturated. Following the withdrawal of Fujitsu Technology Solutions GmbH from the market, it is mainly companies that remain in the market that are focussed on niche segments and not on the highly competitive mass market. The industry's profit margin is therefore likely to increase between 2024 and 2029.

The Report Covers Global IT Hardware Market Share and is Segmented By Type (PC & Workstations, Networking Hardware - Routers, Hubs, Switches, Server, Storage Devices) and Geography.

This statistic shows the market share of the computer hardware industry by category in Canada in 2014. The market share of computer peripherals and devices comprised 57.8 percent of the computer hardware industry in Canada in 2014.

Computer Peripherals Market Outlook

The global computer peripherals market size was valued at approximately USD 45 billion in 2023 and is projected to reach nearly USD 70 billion by 2032, growing at a compound annual growth rate (CAGR) of about 4.8% during the forecast period. This growth is fueled by technological advancements, an increase in remote working conditions, and the rising demand for enhanced computing experiences. The surge in digitalization and the adoption of IoT (Internet of Things) have further propelled the demand for computer peripherals, such as keyboards, mice, printers, and storage devices, among others, in both residential and commercial sectors.

The expansion of the gaming industry is a significant growth factor for the computer peripherals market. With gaming becoming more mainstream and the continual release of advanced computer games, there is a heightened demand for specialized peripherals that offer superior performance. Products like gaming mice, mechanical keyboards, and high-resolution monitors are increasingly favored by consumers seeking to enhance their gaming experience. Moreover, the rise of eSports and online streaming services has contributed to this demand, as both professional and amateur gamers require high-quality peripherals to compete effectively. Furthermore, the integration of augmented reality (AR) and virtual reality (VR) in gaming has necessitated the need for sophisticated peripherals that can support these advanced technologies.

Another driving force is the increasing demand for peripherals in the education sector. As educational institutions worldwide continue to adopt e-learning and digital classrooms, there is a growing need for reliable and efficient computer peripherals to support these activities. Schools and universities are investing in peripheral devices such as printers, scanners, and monitors to facilitate seamless digital learning. Additionally, the trend of bring your own device (BYOD) in educational settings has further boosted the market, as it requires students and educators to equip themselves with compatible peripherals. This surge in demand is expected to continue as more educational institutions embrace digital transformation.

The proliferation of remote work arrangements is also a key factor contributing to the growth of the computer peripherals market. As businesses across various sectors have adapted to hybrid work models, the demand for home office peripherals has increased significantly. Employees working from home require equipment that ensures productivity and efficiency, such as ergonomic keyboards, high-resolution monitors, and reliable external storage devices. The ongoing shift towards flexible work policies is likely to sustain this demand over the coming years. Furthermore, as organizations continue to upgrade their technological infrastructure to support remote work, the demand for advanced peripherals that offer seamless connectivity and integration is anticipated to rise.

Regionally, the Asia Pacific is expected to dominate the computer peripherals market due to its large consumer base and rapid technological advancements. Countries like China, India, and Japan are witnessing significant growth in the adoption of digital technologies across various sectors. The increasing penetration of smartphones and the internet in these regions has led to a rise in the demand for computer peripherals, particularly in urban areas. Meanwhile, North America and Europe are also significant markets, driven by the high adoption of advanced technologies and the presence of key market players. The Middle East & Africa and Latin America are expected to exhibit moderate growth, primarily due to the gradual adoption of digitalization and increasing investments in IT infrastructure.

Product Type Analysis

The product type segment of the computer peripherals market encompasses a wide range of devices including keyboards, mice, printers, scanners, monitors, external storage devices, and others. Each of these product categories plays a critical role in the overall functionality and performance of computer systems. Keyboards and mice account for a substantial share of the market, driven by their essential nature in computer operation. The evolution of keyboard technology, such as mechanical and ergonomic designs, has led to increased consumer interest. Similarly, the development of advanced mice with features like customizable buttons and high DPI resolutions are attracting both casual and professional users.

Printers and scanners form another crucial segment within the computer peripherals market. Desp

Computer and gaming retailers provide a variety of products like PCs, laptops, tablets, software, and gaming systems through physical stores and sometimes online platforms. Purely online retailers are excluded. These outlets offer both hardware and software solutions to meet the demands of technology and entertainment consumers.

The Computer and Computer Peripheral Retailing industry has endured volatile operating conditions over recent years. Technological advancements and the ensuing release of new products that supersede existing lines in terms of weight, speed and power have fuelled consumer demand. Consumers' growing adoption of IT and telecommunications products and improved computer literacy have also supported industry revenue. However, consumers have been increasingly purchasing from only-only retailers that offer competitive prices with lower overhead costs, which has challenged retailers and dampened revenue in recent years. Rising competition from online-only retailers has encouraged retailers to pursue multichannel strategies. Retailers have invested in upgrading their digital presence and instore experience to provide seamless services to customers. Computer and computer peripheral retailers have benefited from working-from-home and online learning trends, which lifted industry revenue over the three years through the end of 2021-22. At the same time, robust demand for computers and computer peripherals helped retailers elevate their profitability, as consumers had to accept inflated prices triggered by component shortages, especially semiconductor chips. However, as more consumers have been returning to offices and reducing their spending on discretionary purchases – including computers and computer peripherals – retailers have suffered from revenue drops. Price-based competition and online-only retailers' rising popularity have added to retailers’ woes, constraining industry revenue. Overall, revenue is expected to have diminished at an annualised 0.3% over the five years through 2024-25, to $1.5 billion. This includes an anticipated revenue drop of 3.3% in 2024-25. Industry revenue growth is set to be subdued over the coming years as competitive pressures intensify. Revenue is forecast to climb at an annualised 1.7% over the five years through 2029-30, to $1.7 billion. Mounting internal and external competition will continue to place downwards pressure on revenue growth as retailers are forced to offer competitive prices to attract consumers. Market substitution will likely further constrain revenue growth as consumers spend less on computers and instead focus on upgrading their smartphones, which aren’t included in the industry.

The global computer peripheral device market is experiencing robust growth, driven by several key factors. The increasing adoption of high-performance computing, particularly in gaming and professional creative fields, fuels demand for advanced peripherals like high-refresh-rate monitors, ergonomic keyboards and mice, and sophisticated audio equipment. Furthermore, the burgeoning work-from-home trend and the rise of remote collaboration have significantly increased the demand for reliable and high-quality peripherals, boosting sales across various segments. The market is segmented by device type (keyboards, mice, monitors, headsets, printers, etc.), with monitors and headsets exhibiting particularly strong growth due to their integral role in gaming, video conferencing, and multimedia consumption. Leading players like HP, IBM, Apple, Logitech, Epson, Corsair, Microsoft, Razer, Asus, and Alienware are actively competing through innovation, product diversification, and strategic partnerships, contributing to a dynamic and competitive market landscape. We estimate the market size in 2025 to be $250 billion based on the presence of major players and industry growth trends, with a projected Compound Annual Growth Rate (CAGR) of 7% for the forecast period. Significant trends shaping the future of the computer peripheral device market include the increasing integration of smart technologies, the rise of e-sports and professional gaming, and the growing demand for sustainable and environmentally friendly products. The market is also witnessing a shift towards wireless and portable peripherals, driven by convenience and flexibility. However, potential restraints include economic fluctuations impacting consumer spending, the increasing saturation of the market in certain regions, and the rising cost of raw materials. Nevertheless, ongoing technological advancements, particularly in areas like augmented reality (AR) and virtual reality (VR), are expected to create new growth opportunities and drive innovation in the coming years. The market is poised for sustained expansion, propelled by evolving user needs and technological breakthroughs.

Graph and download economic data for Producer Price Index by Industry: Computer and Peripheral Equipment Manufacturing (PCU3341133411) from Jan 1995 to Apr 2025 about computers, equipment, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The Global Computer and Peripherals Special Purpose Logic Ic is segmented by Geography.

Declining retail prices and intense industry competition have contributed to relatively slower industry revenue growth and narrower profit margins over the past five years. Overall, revenue for the Computer Peripheral Equipment Manufacturing industry is expected to grow at an annualized 4.9% over the five years through 2024. This trend includes expected growth of 3.1% in the current year.International trade is important to the industry, with exports driving the industry's development over the past decades. Exports are expected to account for 12.6% of industry revenue in 2024. Hong Kong and the US will be the main destinations for the industry exports in 2024, accounting for 22.2% and 15.2% of the total export value respectively. With growing domestic demand for high-end products, imports are set to grow by 1.3% in 2024, accounting for 5.7% of domestic demand in this year. China, Vietnam, Taiwan, and South Korea are the main supplying sources of computer peripheral equipment to China.In the next five years, 5G technology will promote the industry development. And the trend towards intelligence and customization will further enhance the competitiveness and differentiation of computer peripherals, offering users more convenient and intelligent usage experiences. The industry has a low level of concentration. The top four players in the industry will account for a joint market share of 11.1% in 2024. The industry M&A activities will become more frequent. Industry revenue is forecast to increase at an annualized 2.5% over the five years through 2029.

United States - Producer Price Index by Industry: Computer Terminal and Other Computer Peripheral Equipment Manufacturing: Parts, Attachments, Subassemblies, and Accessories for Point of Sale (POS) Terminals and Other Computer Peripherals was 130.90000 Index Dec 1993=100 in December of 2018, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Computer Terminal and Other Computer Peripheral Equipment Manufacturing: Parts, Attachments, Subassemblies, and Accessories for Point of Sale (POS) Terminals and Other Computer Peripherals reached a record high of 130.90000 in April of 2017 and a record low of 93.80000 in October of 2011. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Computer Terminal and Other Computer Peripheral Equipment Manufacturing: Parts, Attachments, Subassemblies, and Accessories for Point of Sale (POS) Terminals and Other Computer Peripherals - last updated from the United States Federal Reserve on April of 2025.