Categories: Market Research

Mouse Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Mouse by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/mouse-global-market-report

According to The Business Research Company’s Mouse, The mouse market size has grown strongly in recent years. It will grow from $2.61 billion in 2023 to $2.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to growth in number of video gamers, rising demand for smart computing devices such as pcs and laptops, growth in the millennial population and a rise in disposable income.

The mouse market size is expected to see strong growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growth in remote working, an increase in employment in the information technology sector, growing demand for ergonomic mouse, increasing investments, urbanization and an increase in internet penetration. Major trends in the forecast period include focus eco-friendly mouse, focus on voice-enabled mouse, focus on ergonomic mouse, focus on product innovations, focus on advanced gaming mouse and focus on introducing biometric mouse.

The rising prevalence of gamers using the mouse for gaming is a key factor driving the growth of the mouse market. According to a survey conducted by EEDAR, an NPD Group Company in the US, 67% of the total population plays games, making for 211.2 million total gamers in the country. There is a growth in the number of gamers each year and with the introduction of new games, the requirement is likely to rise which in turn is expected to drive the growth of the mouse sector. The key actions such as slashing, attacking, hacking, and targeting that users perform in every PC game require mouse movements. For instance, in Street Fighter, fighters are controlled by mouse movements. Also, in the Mortal Kombat game, a mouse and keyboard are used by default to control the game. Therefore, the rising prevalence of gamers is expected to propel the growth of the mouse market.

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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

The growing technological advances are a major trend gaining popularity in the mouse market. The implementation of new technology such as the radio frequency mouse has led to an increase in the use of these devices across different industries. For instance, in August 2022, Razer Inc., a US-based creator and producer of gaming gear and software accessories, released Basilisk V3 Pro, a cutting-edge wireless gaming mouse with full customizability and performance. With features like the Razer HyperScroll Tilt Wheel, Razer Optical Mouse Switches Gen-3, 10+1 programmable buttons, Razer Focus Pro 30K Optical Sensor, wireless charging with the Razer Mouse Dock Pro and Wireless Charging Puck (both sold separately), and more, the Razer Basilisk V3 Pro raises the bar for the enthusiast gaming community.

The mouse market report table of contents includes: