Integration of additional features and devices with wireless keyboards to propel the sales of wireless keyboards
According to Future Market Insights, the global market for wireless keyboards is expected to display steady growth during the period of forecast. The global wireless keyboard market has been witnessing consistent growth since 2012. According to this research, the global market for wireless keyboards is expected to grow at a value CAGR of 3.7% throughout the 2017-2025 timeline. The global market, in 2017 is valued at around US$ 1200 Mn and is estimated to reach a value above US$ 1.5 Bn by the end of the forecast period (2025). The high growth is due to continuous innovations and product developments in wireless technology, increasing per capita income of people across the globe, integration of various features and devices, increasing traction in smart TV applications and design innovations in wireless keyboards.
With a view to enhance the functionality, various devices along with additional features are integrated with wireless keyboards. This feature enhancement allows seamless and uninterrupted synchronization of wireless keyboards with several mobile devices, for instance, smartphones and tablets. Moreover, built in software support to allow voice recognition along with various design modifications such as ergonomic and slim keyboards can present high growth opportunities in the coming years.
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Huge demand for wireless keyboards for PCs to be observed during the forecast period
The PC segment in the application category is expected dominate the global market in terms of market value throughout the forecast period. The increasing demand for wireless keyboards for personal computers is expected to drive the growth of wireless keyboards in the PC segment in the coming years. In 2017, the PC segment was estimated at around US$ 419 Mn and is estimated to touch a market valuation of more than US$ 580 Mn by the end of the year of assessment (2025). This segment largely contributed to the growth of the wireless keyboard market with respect to sales since 2012 and is anticipated to continue with this trend in the years to follow. The PC segment is projected to grow at the highest value CAGR of 4.1% throughout the period of forecast.
Smart TV segment expected to be the second largest in terms of market share
Growth of the wireless keyboard market is also influenced by the adoption of the product in smart TVs across the globe. The smart TV market has been steadily rising owing to the increase in sales of smart TVs as luxurious electronic products worldwide which has triggered the use of wireless keyboards. Moreover, owing to better gaming experience on smart TVs the adoption of wireless keyboards is expected to rise in the coming years. The smart TV application segment was valued at around US$ 345 Mn and is estimated to touch a valuation of more than US$ 465 Mn by the end of the year of assessment (2025). This segment is expected to be the second fastest with respect to growth rate during the period of forecast (2017-2025) and is poised to register a value CAGR of 3.9% throughout the period of forecast.