In 2023, the global market for computer peripherals is expected to have a net valuation of approximately US$ 446 billion. Consumer peripheral device prices are expected to decline, which will increase demand and generate US$ 1,214.1 billion in revenue in 2033. From 2023 to 2033, the market is anticipated to grow at a compound annual growth rate of 10.5%.
In 2018, the market’s total valuation was only $296 billion USD. The FMI market survey report states that between 2018 and 2022, sales increased at an average yearly growth rate of 8.4%.
Players are investing a large amount of money in peripheral devices in order to satisfy the evolving demands of consumers. Significant investments support technological advancement and provide a number of advantages that are anticipated to have a positive effect on the market during the forecast period.
Over the course of the forecast period, the rise in counterfeit goods is anticipated to pose a serious threat to the market. Numerous manufacturers of consumer electronics encounter difficulties due to the presence of fake goods in brick-and-mortar stores and online.
It is anticipated that their accessibility through a variety of distribution channels will impede market growth in the near future. Additionally, a major obstacle to the expansion is expected to be the growing inclination towards smartphones and tablets over laptops and computers during the forecast period.
Nonetheless, the market is anticipated to grow significantly as a result of players taking various steps to address these difficulties. A webinar on the supply chain issues specifiers face was held in February 2022 by Micross Components, Inc., a renowned supplier of mission-critical microelectronics, procurers, and designers. “How can we eliminate the risk of potentially using counterfeit parts?” was the webinar’s title. The webinar may provide industry insights, lessons learned from manufacturers, and reliable solutions used to eliminate the possibility of fake parts.
List of Top 5 Computer Peripherals in India (BSE) based on Net Sales.
| Company Name | Net Sales (Rs. cr) |
| Compuage Info | 3,739.44 |
| D-Link India | 1,171.29 |
| TVS Electronics | 353.49 |
| Ducon Infratech | 311.89 |
| Control Print | 291.41 |
Source: BSE, India, last updated 27 February, 2024
This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:
Reference:
1. Patel, R. L., & Patel, J. K. (2022). A Study on performance analysis of computer hardware companies on the base of profitability.
2. Kauffman, R. J., & Kumar, A. (2007, January). Scale and scope externalities in growth of it industries in india: An agglomeration perspective. In 2007 40th Annual Hawaii International Conference on System Sciences (HICSS’07) (pp. 226a-226a). IEEE.
3. Roy, S. (2006). Future value chains in the computer hardware industry (Doctoral dissertation, Massachusetts Institute of Technology).
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