How Are the key drivers contributing to the expansion of the mouse market?
The growing trend of using a mouse for gaming is significantly contributing to the expansion of the mouse market. A study by EEDAR, a subsidiary of the NPD Group Company in the US, reveals that 67% of the overall population are gamers, amounting to a total of 211.2 million gamers nationwide. The gamer population is continuing to grow each year, and the emergence of new games is expected to amplify this need, thereby boosting the mouse industry. Essential gaming actions such as slashing, attacking, hacking, and targeting necessitate mouse movements in PC gaming. Take Street Fighter for example, where mouse movements control the characters. Similarly, the Mortal Kombat game leverages a mouse and keyboard as its default controls. Consequently, the escalating trend of gaming is anticipated to stimulate the mouse market’s growth.
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What growth opportunities are expected to drive the mouse market’s CAGR through 2034?
In recent times, the mouse market has seen a considerable increase in size. The prediction is that its growth will be from $3.56 billion in 2024 to $3.77 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.7%. The historic period’s growth is linked to an increase in video gamers, a heightened demand for intelligent computing devices like pcs and laptops, an upswing in the millennial demographic, and an increase in disposable income.
Expectations are high for a robust expansion in the mouse market size in the next few years, with prospects pointing to a growth of $4.62 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. This predicted surge during the forecast period can be credited to several factors including the rise in remote work, employment boost in the tech sector, the increasing demand for ergonomic mouse, heightened investments, urbanization, and a rise in internet reach. Noteworthy trends for the forecast period involve a concentration on eco-friendly and voice-enabled mouse, a commitment to advancements in the ergonomic and gaming mouse category, product innovations, and an introduction of biometric mouse.
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What new trends are reshaping the mouse market and its opportunities?
The escalating advancements in technology have emerged as a key trend that is becoming increasingly central to the mouse market. The incorporation of new-age technology such as radio frequency has led to a surge in the utilization of these gadgets across various industries. Take for instance, Razer Inc., an American-based manufacturer and provider of gaming equipment and software accessories, who in August 2022, unveiled the Basilisk V3 Pro, a revolutionary wireless gaming mouse that offers a high level of customization and performance. Features like the Razer HyperScroll Tilt Wheel, Razer Optical Mouse Switches Gen-3, more than ten programmable buttons, Razer Focus Pro 30K Optical Sensor, wireless charging with Razer Mouse Dock Pro and Wireless Charging Puck (both sold separately) among others, elevates the Razer Basilisk V3 Pro to a new standard for the enthusiast gaming community.
Which growth-oriented segments of the mouse market are leading the industry’s development?
The mouse market covered in this report is segmented –
1) By Product Type: Wired, Wireless
2) By Distribution Channel: Specialty Stores, Online Stores, Other Channels
3) By End-Use: Residential, Commercial
Subsegments:
1) By Wired: Optical Wired Mouse, Laser Wired Mouse, Gaming Wired Mouse
2) By Wireless: Optical Wireless Mouse, Laser Wireless Mouse, Bluetooth Wireless Mouse, Gaming Wireless Mouse
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What regions are leading the charge in the mouse market?
Asia-Pacific was the largest region in the mouse market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global mouse market share during the forecast period. The regions covered in the mouse market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the mouse market?
Major companies operating in the mouse market include Logitech International SA, Microsoft Corp, HP Inc., Apple Inc., Dell Technologies Inc., Razer Inc, ASUS, Samsung Group, Lenovo Group Ltd, Corsair, Nuevotech Industries Pvt Ltd, Shenzhen AMD Technology Co. Ltd, iBall, Intex Technologies, Zebronics, Roccat GmbH, SteelSeries, A4TECH, AZIO Corp, Vaxee, Mouse Informatica Ltda, Microdigital Eletronica Ltda, Atlas 3D Mouse, Redragon South Africa, TDK Solutions Ltd
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What Is Covered In The Mouse Global Market Report?
• Market Size Forecast: Examine the mouse market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the mouse market for a structured understanding.
• Key Players Overview: Analyze major players in the mouse market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mouse market.
• Segment Contributions: Evaluate how different segments drive overall growth in the mouse market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mouse market.
• Industry Challenges: Identify potential risks and obstacles affecting the mouse market.
• Competitive Landscape: Review strategic developments in the mouse market, including expansions, agreements, and new product launches.
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