The global wireless mouse market size is anticipated to reach USD 1.77 billion by 2025 registering a CAGR of 3.7%, according to a new report by Grand View Research, Inc. Constant product and technological innovations, such as improved design and extended battery life, by major companies like Logitech has played a crucial role in promoting the product demand. Moreover, flexibility and hassle-free operations of the product are encouraging businesses to use wireless devices, thereby augmenting the market growth.
Radio
frequency mouse held the largest market share in 2018. The segment will retain
its leading position throughout the forecast period as these products have high
demand on account of their capability of providing high operating range.
Rapidly expanding IT sector, especially in developing countries including China
and India, is expected to boost the product sales over the next few years.
Bluetooth mouse segment is anticipated to expand at the fastest CAGR of 4.3%
from 2019 to 2025.
These
products have better battery life and can be operated for three months with
single charging. Also, Bluetooth mouse can be connected to multiple devices at
a time. North America held the leading position in the global wireless mouse
market in 2018. However, Asia Pacific is projected to witness the fastest
growth over the forecast period due to increasing product demand, especially in
India and China. Moreover, product advancements coupled with rise in number of
retail outlets in the region is expected to promote market growth.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/wireless-mouse-market
Further key
findings from the study suggest:
- North America
is anticipated to be the largest regional market over the forecast period
due to rising consumer preference for wireless devices
- Europe is
likely to be the second-largest market due to rising number of video
gamers, especially in Germany, U.K., and France
- Offline
segment held the leading position in the market in 2018 and will retain
its position in future due to increasing number of retail stores in
emerging economies like India, China, and Brazil
- However,
online distribution channel segment is anticipated to expand at the
fastest CAGR of 4.4% over the forecast period
- Extensive
usage of smartphones and exposure to digital media is expected to boost
the product sales through online channels
- In addition,
same day delivery and heavy discounts offered by e-commerce platforms will
boost the segment growth further
- Key companies
in the market are Logitech International S.A.; Razer, Inc.; Microsoft
Corp.; Hewlett-Packard Development Company, L.P.; Apple, Inc.; Dell
Technologies, Inc.; Anker Innovations Ltd.; Lenovo Group Ltd.; Samsung
Group; and Steel Series
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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