The global membrane keyboard market size was valued at US$2.915 billion in 2020 and is projected to grow at a CAGR of 5.38% during the forecast period to reach US$4.205 billion by 2027.
Membrane keyboards are a common type of computer keyboard. Some are integrated into computers, while others are sold separately and used as external devices. Membrane keyboards, on the other hand, are a popular alternative to mechanical keyboards. The use of a thin and flexible covering distinguishes a membrane keyboard from other types of keyboards. This membrane layer is where the keyboard's switches are located. Switches are found on every keyboard. A switch is nothing more than a mechanism for controlling a circuit. Each key is usually controlled by a single switch. The switches, on the other hand, are incorporated into a flexible membrane layer in a membrane keyboard.
Growth Drivers of the Global Membrane Keyboard Market
Membrane keyboards are increasingly being used in retail and corporate settings for a variety of applications, which is expected to boost the global market growth. Furthermore, due to its ease of use, an increase in the number of end-users who prefer wireless keyboards with their laptops is expected to drive development during the forecasted period.
The market is expected to be driven by an increase in the prevalence of gamers, rising urbanisation, the escalating popularity of e-sports, increasing acceptance of PCs and peripherals in the education sector, and soaring expansion in the e-commerce business. The gaming industry is gaining popularity, and the expansion of this industry is expected to grow the membrane keyboard market. The World Bank database also showcased the growth in the total population, which was 7.762 billion in the year 2020, which indicates, rise in the total world population by 27% in the last 2 decades. According to the World Bank, the total urban population has been on the rise for the last 2 decades and is expected to continue to rise in the future as well. About 60% of the world’s total population resides in urban areas in the year 2020.
Global Membrane Keyboard Market Restraints The increasing prevalence of touchscreen devices, the rise in sales of gaming notebooks and keyboards with non-standard layouts, the availability of a simple keyboard at a low cost, and the availability of advanced substitutes such as multi-function mouse and joystick are all significant factors that the membrane keyboard market is expected to face.
Covid Impact on the Global Membrane Keyboard Market
The COVID-19 outbreak has resulted in flight cancellations, travel bans, and quarantines; restaurants closing; restrictions on all indoor and outdoor events; several countries declaring states of emergency; a massive supply chain slowdown; stock market volatility; a drop in business confidence; growing panic among the population; and widespread economic crisis The global membrane keyboard market grew slowly in 2020 because of the outbreak of COVID-19, which affected the normal operation of enterprises' value chains and had an impact on membrane keyboard supply and manufacturing.
Though COVID-19 had an impact on the worldwide membrane keyboard industry, it also provided certain benefits to the market. For example, the ability to work from home for longer periods of time and the development of online programmes for students have aided the keyboard market's growth.
North America, South America, Europe, Asia Pacific, the Middle East and Africa are the regions in which the Global Membrane Keyboard Market is organized.
The continent of North America comprises countries such as the United States, Canada, Mexico, and others. Membrane keyboards are predicted to increase significantly between 2020 and 2027, owing to rising demand from retail and corporate channels across a variety of applications, including gaming and education.
The South American Membrane Keyboard Market is predicted to develop at a substantial rate from 2020 to 2027, due to its simplicity of use. An increasing number of end-users prefer wireless keyboards with their laptops, which is expected to promote the growth in the global market for membrane keyboards throughout the years under consideration.
Europe includes countries such as Germany, France, Italy, the United Kingdom, and Spain, among others. A variety of factors, including high disposable income levels among consumers across various applications, drive growth in the electronics industry, resulting in increased use of membrane keyboards in retail and corporate channels. The Asia Pacific is predicted to account for the largest share of the global membrane keyboard market, due to the increasing penetration of home automation systems such as Amazon Alexa and Google Home across various applications, which is expected to drive growth in the electronics industry and lead to an increased usage of membrane keyboards in the consumer market over the forecast period of 2020-2027.
Geographically, the Middle East accounts for a large portion of global demand due to high consumer disposable income, which is driving sales through online retailers and e-commerce across computer peripheral product categories during the forecasted period.
Key Market Segments
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis
5. MEMBRANE KEYBOARD MARKET, BY TYPE
5.2. Flat-Panel Membrane Keyboard
5.3. Full-Travel Membrane Keyboard
6. MEMBRANE KEYBOARD MARKET, BY END-USERS
6.2. Retail Channel
6.3. Corporate Channel
7. MEMBRANE KEYBOARD MARKET, BY GEOGRAPHY
7.2. North America
7.2.1. United States
7.3. South America
7.4.3. United Kingdom
7.5. The Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.3. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrative
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
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