Market revenue in 2022 | USD 2,049.3 million |
Market revenue in 2030 | USD 2,852.7 million |
Growth rate | 4.2% (CAGR from 2022 to 2030) |
Largest segment | Electronic |
Fastest growing segment | Non-electronic |
Historical data covered | 2017 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Electronic, Non-electronic |
Key market players worldwide | Logitech International SA, Western Digital Corp, HP Inc, Asustek Computer Inc GDR, Dell Technologies Inc Ordinary Shares - Class C, Seagate Technology Holdings PLC, Microsoft Corp, Gigabyte Technology, Hama, Kingston |
Electronic was the largest segment with a revenue share of 65.04% in 2022. Horizon Databook has segmented the Latin America laptop accessories market based on electronic, non-electronic covering the revenue growth of each sub-segment from 2017 to 2030.
Central & South America has been witnessing a steady increase in the consumption of consumer electronics such as laptops and accessories and the local market is becoming more sophisticated with the advancement of tools and technologies in the electronics market.
An increase in the use of laptop accessories by various businesses and specialized consumer segments is expected to maintain the market’s momentum in Central and South America. Moreover, the rising e-commerce penetration in Brazil, Argentina, and other countries is speeding up the sales of laptop accessories and other consumer electronics.
Additionally, the increasing number of product launches by global players in the region will complement the overall market growth. In October 2022, Hewlett-Packard Company launched the world’s lightest 2- in-1 business notebook ‘Elite Dragonfly’ for the Brazilian market. It features Wi-Fi 6 connectivity for faster internet speed and two battery models.
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