Doomed crypto firm Terraform Labs files for bankruptcy in the US

Terraform Labs, the company that wiped out $40 billion from the crypto market with the collapse of its TerraUSD and Luna stablecoins, has finally filed for Chapter 11 bankruptcy protection on Sunday. Bloomberg reports that the crypto firm’s estimated assets and liabilities are both in the range of $100 million to $500 million, with the estimated number of creditors being somewhere between 100 and 199. Co-founder and former CEO Do Kwon is listed as the majority shareholder at 92 percent, with an address registered in Singapore — where the company is incorporated.

Following the arrest of Kwon and his associate in Montenegro for traveling with forged passports last March, Kwon is currently still in jail until his extradition to the US — likely by mid-March, according to Bloomberg — where he will face securities fraud charges. The entrepreneur is also wanted in his home country, South Korea, for similar charges, which reportedly led to him, his family and some key Terraform Labs personnel fleeing to Singapore between April and May 2022. Shortly before Interpol placed him on the “red notice” list in September that year, Kwon denied that he was “on the run,” but the eventual discovery of his fake passports would suggest otherwise.

Kwon will likely join the fate of other big names in the crypto downfall, namely Sam Bankman-Fried of FTX fame and former Celsius Network chief Alex Mashinsky. Meanwhile, Coinbase continues its battle against the SEC’s accusation of illegally running an unregistered national securities exchange, broker and clearing agency. Bloomberg analyst Elliott Stein recently shared that Coinbase may likely win full dismissal as soon as this quarter, if not by the end of Q2.

This article originally appeared on Engadget at https://www.engadget.com/doomed-crypto-firm-terraform-labs-files-for-bankruptcy-in-the-us-055731287.html?src=rss

Camping Grill Statistics 2024 By Country, Product and Market Size

Introduction

Camping Grill Statistics: Camping is one of the most popular outdoor activities during summer. Plus, there is outdoor cooking, by flames and tents, to add the feel of vacation. However, riverside camping has also gained popularity over the last few years. Cooking the food on grills gives the best possible taste and what we call, “quality time with family”. However, during the global lockdown, people camped outside their gardens which made the market reach $6.73 billion in 2021.

Surprisingly, the demand for the same is increasing continuously leading the market to be valued at $8.1 billion in 2023. Now let’s look deep into some trends and insights observed by Camping Grill Statistics.

Editor’s Choice

  • North America is projected to contribute 42% of market growth between 2023 and 2027 for Camping Grills.
  • According to 70% of Americans, grilling is the favorite cooking method during summer days.
  • Camping Grill Statistics state that between 2023 and 2033, the United Kingdom, China, and India are the top three countries with rising demand for BBQ.
  • According to reports, the global barbecue grill market in 2019 was just $5.1 billion, which surprisingly increased to $8.1 billion in 2023.
  • In 2023, the top trending BBQ Sauce brands in the United States of America are KC Masterpiece, Sweet Baby Rays, Private Label, Subbs, and Kraft.
  • According to Camping Grill Statistics, in the United States of America, more than 79% of individuals own either a grill or a smoker.
  • By 2027, the BBQ Grills market is expected to grow at a CAGR of 3.5% in the Asia Pacific Region.
  • Every year, 50% of the population in the United States of America goes for outdoor activities including camping once every year.
  • Considering the BBQ Charcoal Market, Germany is projected to be a prominent consumer of charcoal in Europe in 2023.
  • As of 2022, according to Camping Grill Statistics, the top camping grill manufacturers are Blackstone, Koblenz, Magma, Texsport, Coleman, Coghlan’s, Camp Chef, Snow Peak, and NuWave.

Benefits of Camping Grill

  • Camping Grills are compact and can be stored in cars, or travel vehicles.
  • Supports hour-long cooking.
  • These are easy to clean.
  • Let’s you cook anything, anywhere
  • These are safer compared to open fired based grills
  • Faster cooking
  • In addition to the above, camping grills are easy to clean

General Camping Grill Statistics

  • According to 70% of Americans, grilling is the favorite cooking method during summer days.
  • By 2027, the BBQ Grills market is expected to grow at a CAGR of 3.5% in the Asia Pacific Region.
  • According to Camping Grill Statistics, in the United States of America, more than 79% of individuals own either a grill or a smoker.
  • In 2023, the top trending BBQ Sauce brands in the United States of America are KC Masterpiece, Sweet Baby Rays, Private Label, Subbs, and Kraft.
  • Every year, 50% of the population in the United States of America goes for outdoor activities including camping once every year.
  • North America is projected to contribute 42% of market growth between 2023 and 2027 for Camping Grills.
  • Considering the BBQ Charcoal Market, Germany is projected to be a prominent consumer of charcoal in Europe in 2023.
  • By 2030, electric grilling machines are expected to grow at a CAGR of 5.8%.
  • As of 2022, according to Camping Grill Statistics, the top camping grill manufacturers are Blackstone, Koblenz, Magma, Texsport, Coleman, Coghlan’s, Camp Chef, Snow Peak, and NuWave.
  • According to Camping Grill Statistics, the rising demand for barbecues and grills around the globe is led by camping, outdoor parties, and caravanning.

By Country

CountryValue CAGR (2023 to 2033)
United Kingdom4.0%
China5.5%
India6.0%

(Source: futuremarketinsights.com)

Camping Grill Statistics state that between 2023 and 2033, the United Kingdom, China, and India are the top three countries with rising demand for BBQ. Each country is expected to contribute 4%, 5.5%, and 6% respectively.

By Barbecue Grill Market Value

value-of-the-barbecue-grill-market-worldwide-from-2019-to-2023

(Reference: statista.com)

According to reports, the global barbecue grill market in 2019 was just $5.1 billion, which surprisingly increased to $8.1 billion in 2023. As seen in the above chart, it is expected that even in the coming years, the market will experience steady growth around the world.

By Barbecue Grill Consumer Preference by Product

(Reference: mordorintelligence.com)

As of 2022, the Charcoal market is dominating over Electric and gas which has resulted in 54%. While the other two categories contribute 22% and 24% respectively.

Conclusion

People started to travel more in recent years after the lockdown ended, which increased Camping as well. These Camping Grill Statistics confirm how big the global Camping Grill market has become. Camping grills are safe and easier to carry to any location you want. Moreover, these are compact and can be fitted into RV’s. Not only these but there are the best budget buys that will make you go Camping every year.

The holiday season is coming and now it’s time to spend some quality time with your family. If you still don’t own a camping grill then why are you waiting? Just go for it.

Nikki Haley Says Biden Is Just As Bad As Trump

“If either one of them was good, I wouldn’t be running,” Haley told CNN’s Dana Bash.

Doomed crypto firm Terraform Labs files for bankruptcy in the US

Terraform Labs, the company that wiped out $40 billion from the crypto market with the collapse of its TerraUSD and Luna stablecoins, has finally filed for Chapter 11 bankruptcy protection on Sunday. Bloomberg reports that the crypto firm’s estimated assets and liabilities are both in the range of $100 million to $500 million, with the estimated number of creditors being somewhere between 100 and 199. Co-founder and former CEO Do Kwon is listed as the majority shareholder at 92 percent, with an address registered in Singapore — where the company is incorporated.

Following the arrest of Kwon and his associate in Montenegro for traveling with forged passports last March, Kwon is currently still in jail until his extradition to the US — likely by mid-March, according to Bloomberg — where he will face securities fraud charges. The entrepreneur is also wanted in his home country, South Korea, for similar charges, which reportedly led to him, his family and some key Terraform Labs personnel fleeing to Singapore between April and May 2022. Shortly before Interpol placed him on the “red notice” list in September that year, Kwon denied that he was “on the run,” but the eventual discovery of his fake passports would suggest otherwise.

Kwon will likely join the fate of other big names in the crypto downfall, namely Sam Bankman-Fried of FTX fame and former Celsius Network chief Alex Mashinsky. Meanwhile, Coinbase continues its battle against the SEC’s accusation of it illegally running an unregistered national securities exchange, broker and clearing agency. Bloomberg analyst Elliott Stein recently shared that Coinbase may likely win full dismissal as soon as this quarter, if not by the end of Q2.

This article originally appeared on Engadget at https://www.engadget.com/doomed-crypto-firm-terraform-labs-files-for-bankruptcy-in-the-us-055731287.html?src=rss

Doomed crypto firm Terraform Labs files for bankruptcy in the US

Terraform Labs, the company that wiped out $40 billion from the crypto market with the collapse of its TerraUSD and Luna stablecoins, has finally filed for Chapter 11 bankruptcy protection on Sunday. Bloomberg reports that the crypto firm’s estimated assets and liabilities are both in the range of $100 million to $500 million, with the estimated number of creditors being somewhere between 100 and 199. Co-founder and former CEO Do Kwon is listed as the majority shareholder at 92 percent, with an address registered in Singapore — where the company is incorporated.

Following the arrest of Kwon and his associate in Montenegro for traveling with forged passports last March, Kwon is currently still in jail until his extradition to the US — likely by mid-March, according to Bloomberg — where he will face securities fraud charges. The entrepreneur is also wanted in his home country, South Korea, for similar charges, which reportedly led to him, his family and some key Terraform Labs personnel fleeing to Singapore between April and May 2022. Shortly before Interpol placed him on the “red notice” list in September that year, Kwon denied that he was “on the run,” but the eventual discovery of his fake passports would suggest otherwise.

Kwon will likely join the fate of other big names in the crypto downfall, namely Sam Bankman-Fried of FTX fame and former Celsius Network chief Alex Mashinsky. Meanwhile, Coinbase continues its battle against the SEC’s accusation of it illegally running an unregistered national securities exchange, broker and clearing agency. Bloomberg analyst Elliott Stein recently shared that Coinbase may likely win full dismissal as soon as this quarter, if not by the end of Q2.

This article originally appeared on Engadget at https://www.engadget.com/doomed-crypto-firm-terraform-labs-files-for-bankruptcy-in-the-us-055731287.html?src=rss

Camping Grill Statistics 2024 By Country, Product and Market Size

Introduction

Camping Grill Statistics: Camping is one of the most popular outdoor activities during summer. Plus, there is outdoor cooking, by flames and tents, to add the feel of vacation. However, riverside camping has also gained popularity over the last few years. Cooking the food on grills gives the best possible taste and what we call, “quality time with family”. However, during the global lockdown, people camped outside their gardens which made the market reach $6.73 billion in 2021.

Surprisingly, the demand for the same is increasing continuously leading the market to be valued at $8.1 billion in 2023. Now let’s look deep into some trends and insights observed by Camping Grill Statistics.

Editor’s Choice

  • North America is projected to contribute 42% of market growth between 2023 and 2027 for Camping Grills.
  • According to 70% of Americans, grilling is the favorite cooking method during summer days.
  • Camping Grill Statistics state that between 2023 and 2033, the United Kingdom, China, and India are the top three countries with rising demand for BBQ.
  • According to reports, the global barbecue grill market in 2019 was just $5.1 billion, which surprisingly increased to $8.1 billion in 2023.
  • In 2023, the top trending BBQ Sauce brands in the United States of America are KC Masterpiece, Sweet Baby Rays, Private Label, Subbs, and Kraft.
  • According to Camping Grill Statistics, in the United States of America, more than 79% of individuals own either a grill or a smoker.
  • By 2027, the BBQ Grills market is expected to grow at a CAGR of 3.5% in the Asia Pacific Region.
  • Every year, 50% of the population in the United States of America goes for outdoor activities including camping once every year.
  • Considering the BBQ Charcoal Market, Germany is projected to be a prominent consumer of charcoal in Europe in 2023.
  • As of 2022, according to Camping Grill Statistics, the top camping grill manufacturers are Blackstone, Koblenz, Magma, Texsport, Coleman, Coghlan’s, Camp Chef, Snow Peak, and NuWave.

Benefits of Camping Grill

  • Camping Grills are compact and can be stored in cars, or travel vehicles.
  • Supports hour-long cooking.
  • These are easy to clean.
  • Let’s you cook anything, anywhere
  • These are safer compared to open fired based grills
  • Faster cooking
  • In addition to the above, camping grills are easy to clean

General Camping Grill Statistics

  • According to 70% of Americans, grilling is the favorite cooking method during summer days.
  • By 2027, the BBQ Grills market is expected to grow at a CAGR of 3.5% in the Asia Pacific Region.
  • According to Camping Grill Statistics, in the United States of America, more than 79% of individuals own either a grill or a smoker.
  • In 2023, the top trending BBQ Sauce brands in the United States of America are KC Masterpiece, Sweet Baby Rays, Private Label, Subbs, and Kraft.
  • Every year, 50% of the population in the United States of America goes for outdoor activities including camping once every year.
  • North America is projected to contribute 42% of market growth between 2023 and 2027 for Camping Grills.
  • Considering the BBQ Charcoal Market, Germany is projected to be a prominent consumer of charcoal in Europe in 2023.
  • By 2030, electric grilling machines are expected to grow at a CAGR of 5.8%.
  • As of 2022, according to Camping Grill Statistics, the top camping grill manufacturers are Blackstone, Koblenz, Magma, Texsport, Coleman, Coghlan’s, Camp Chef, Snow Peak, and NuWave.
  • According to Camping Grill Statistics, the rising demand for barbecues and grills around the globe is led by camping, outdoor parties, and caravanning.

By Country

CountryValue CAGR (2023 to 2033)
United Kingdom4.0%
China5.5%
India6.0%

(Source: futuremarketinsights.com)

Camping Grill Statistics state that between 2023 and 2033, the United Kingdom, China, and India are the top three countries with rising demand for BBQ. Each country is expected to contribute 4%, 5.5%, and 6% respectively.

By Barbecue Grill Market Value

value-of-the-barbecue-grill-market-worldwide-from-2019-to-2023

(Reference: statista.com)

According to reports, the global barbecue grill market in 2019 was just $5.1 billion, which surprisingly increased to $8.1 billion in 2023. As seen in the above chart, it is expected that even in the coming years, the market will experience steady growth around the world.

By Barbecue Grill Consumer Preference by Product

(Reference: mordorintelligence.com)

As of 2022, the Charcoal market is dominating over Electric and gas which has resulted in 54%. While the other two categories contribute 22% and 24% respectively.

Conclusion

People started to travel more in recent years after the lockdown ended, which increased Camping as well. These Camping Grill Statistics confirm how big the global Camping Grill market has become. Camping grills are safe and easier to carry to any location you want. Moreover, these are compact and can be fitted into RV’s. Not only these but there are the best budget buys that will make you go Camping every year.

The holiday season is coming and now it’s time to spend some quality time with your family. If you still don’t own a camping grill then why are you waiting? Just go for it.

Gaming Keypad Statistics 2024

Introduction

Gaming Keyboard Statistics: Gamers here! Tell us how many Gaming keyboards you own. We doubt it’s just one. Just look at the Gaming Keypad Statistics, and you will know how large and growing the global market is. Gaming Keypads are comfy keyboards to play any game just sitting at home.

These are built differently than regular keyboards and offer a unique design for a quick gaming experience. The online gaming market is widely increasing thanks to social media such as Discord and YouTube. Let’s understand how large the market is as studied by Gaming Keypad Statistics.

Editor’s Choice

  • The Asia Pacific gaming keypad market is expected to grow at a CAGR of 9.3% between 2022 to 2028.
  • According to the Gaming Keypad Statistics, the demand for customizable RGB lighting in gaming keyboards is rising continuously.
  • As of 2022, The global gaming keyboard market was valued at $2.2 billion which is further expected to grow at a CAGR of 10.5% reaching 4.89 billion by 2029.
  • Having the largest number of games in Singapore, Japan(8.7% CAGR), India (10% CAGR), and South Korea, this has become the driving factor for increased demand in the gaming mouse and keyboards market between 2022 and 2028.
  • Furthermore, Asia-Pacific is the growing market in terms of the highest demand between 2023 and 2031.

What are Gaming Keypads?

A gaming keypad or a keyboard is specially designed for gaming purposes. These keyboards come with a limited number of keys from standard keyboards and are arranged in an ergonomic way for quick gaming key presses. The most common keyboard keys are “W”,” A”,” S”, and” D”.Since these keys are specially designed for gaming, they contain more functions such as color lighting options, volume keys, etc.

Gaming Keyboard vs Regular Keyboard

Regular KeyboardGaming Keyboard
It is made for general useSpecifically made for gaming
Can not be customizedCan be highly customized
Do not have any additional featuresComes with additional features
Can not withstand heavy useCan withstand heavy use.
Pocket friendlySomewhat expensive

General Gaming Keypad Statistics

  • As of 2022, The global gaming keyboard market was valued at $2.2 billion which is further expected to grow at a CAGR of 10.5% reaching 4.89 billion by 2029.
  • According to the Gaming Keypad Statistics, the demand for customizable RGB lighting in gaming keyboards is rising continuously.
  • Furthermore, Asia-Pacific is the growing market in terms of the highest demand between 2023 and 2031.
  • Having the largest number of games in Singapore, Japan(8.7% CAGR), India (10% CAGR), and South Korea, this has become the driving factor for increased demand in the gaming mouse and keyboards market between 2022 and 2028.
  • The Asia Pacific gaming keypad market is expected to grow at a CAGR of 9.3% between 2022 to 2028.

Most Popular PC Games by MAU

most-popular-pc-games-based-on-monthly-active-users-mau-worldwide-in-may-2023

(Reference: statista.com)

As of May 2023, Minecraft, Fortnite, and The Sims 4 were the top 3 trending PC games by monthly active users. Other games that ranked in the list were Valorant, Grand Theft Auto V, and Rocket League.

Other Gaming Keypad Statistics

  • Market Overview:
    • The global gaming keypad market in 2024 is characterized by significant growth, attributed to the rising popularity of PC gaming and eSports.
    • A noticeable trend towards ergonomic and customizable keypads is evident, catering to both professional and amateur gamers.
    • The market segmentation reveals a higher demand for mechanical keypads due to their durability and tactile feedback.
  • Market Size and Forecast:
    • As of 2024, the gaming keypad market is valued at approximately USD 2.5 billion, indicating a robust growth trajectory.
    • The compound annual growth rate (CAGR) from 2020 to 2024 is estimated at 6.3%, reflecting a steady increase in market size.
  • Geographical Insights:
    • North America holds the largest market share, driven by a strong gaming culture and high disposable income among consumers.
    • The Asia-Pacific region shows the fastest growth rate, fueled by the increasing popularity of gaming in countries like China, South Korea, and Japan.
  • Consumer Demographics:
    • The primary consumer base consists of males aged 18-35, accounting for 60% of the market.
    • There is a growing female gamer population, now representing 25% of the gaming keypad market, a 5% increase from 2020.
  • Technology Trends:
    • Wireless keypads are gaining popularity, with a 40% market share in 2024, up from 30% in 2021.
    • RGB backlighting and programmable keys remain highly sought-after features among gaming enthusiasts.
  • Competitive Landscape:
    • Leading manufacturers include Razer, Logitech, and Corsair, collectively holding 55% of the market share.
    • New entrants are focusing on niche markets, such as keypads designed for specific game genres like MMORPGs or FPS.
  • Sales Channels:
    • Online retail platforms account for 70% of sales, bolstered by the pandemic-induced shift to e-commerce.
    • Physical stores, especially those specializing in gaming equipment, constitute the remaining 30% of sales.
  • Product Innovations:
    • Companies are increasingly incorporating AI technology for personalized key mapping based on gaming habits.
    • There is a noticeable trend towards sustainable materials in keypad manufacturing, aligning with global environmental concerns.
  • Consumer Preferences:
    • Survey data indicates that 65% of consumers prioritize durability and build quality in gaming keypads.
    • Customizability in terms of key functions and aesthetics is a significant factor for 50% of the consumer base.
  • Market Challenges:
    • The high cost of advanced gaming keypads poses a barrier to entry for budget-conscious consumers.
    • There is intense competition from regular keyboards that are versatile and often more affordable.
  • Regulatory Landscape:
    • No major regulatory changes impacting the gaming keypad market have been observed in 2024.
    • However, there is an increasing focus on electronic waste management and the sustainability of gaming peripherals.
  • Investment Opportunities:
    • Venture capital interest in gaming peripheral startups, particularly those innovating in ergonomics and AI integration, is on the rise.
    • The eSports industry’s growth offers lucrative opportunities for branded and custom gaming keypads.
  • Economic Impact:
    • The gaming keypad market contributes significantly to the overall gaming industry’s revenue, estimated at USD 150 billion in 2024.
    • Employment in related sectors, including manufacturing and retail, has seen a positive trend correlating with market growth.
  • Future Outlook:
    • Predictions for 2025-2030 suggest a continued upward trend in the gaming keypad market, with technological advancements being a key driver.
    • Potential market saturation and the evolution of alternative gaming controls may moderate growth rates in the long term.
  • Conclusion:
    • The gaming keypad market in 2024 demonstrates a dynamic and growing sector within the gaming industry.
    • Continuous innovation, coupled with the rising global interest in gaming, positions the gaming keypad market for ongoing expansion and diversification.

Conclusion

The number of gamers is increasing widely, due to digitalization as well as social media influencing. As proven by Gaming Keypad Statistics, the Asian region is expected to be a growing market for gaming mouse and keyboards. Not only this, but the global lockdown has made people turn to YouTubing and gaming for which keyboards have become an intensive need.

There’s Minecraft, Fortnite, PubG and whatnot. Every game is being streamed on Discord and YouTube, making the host the owner of millions of dollars. Well, the future of games is bright, and thus the demand for related accessories is high. Wonder, if you have any current YouTube gaming channel?

Miami Herald Gives Ron DeSantis Ugly Truth About His Presidential Failure

The newspaper said the Florida governor has “all the charisma of burned toast.”

Gaming Keypad Statistics 2024

Introduction

Gaming Keyboard Statistics: Gamers here! Tell us how many Gaming keyboards you own. We doubt it’s just one. Just look at the Gaming Keypad Statistics, and you will know how large and growing the global market is. Gaming Keypads are comfy keyboards to play any game just sitting at home.

These are built differently than regular keyboards and offer a unique design for a quick gaming experience. The online gaming market is widely increasing thanks to social media such as Discord and YouTube. Let’s understand how large the market is as studied by Gaming Keypad Statistics.

Editor’s Choice

  • The Asia Pacific gaming keypad market is expected to grow at a CAGR of 9.3% between 2022 to 2028.
  • According to the Gaming Keypad Statistics, the demand for customizable RGB lighting in gaming keyboards is rising continuously.
  • As of 2022, The global gaming keyboard market was valued at $2.2 billion which is further expected to grow at a CAGR of 10.5% reaching 4.89 billion by 2029.
  • Having the largest number of games in Singapore, Japan(8.7% CAGR), India (10% CAGR), and South Korea, this has become the driving factor for increased demand in the gaming mouse and keyboards market between 2022 and 2028.
  • Furthermore, Asia-Pacific is the growing market in terms of the highest demand between 2023 and 2031.

What are Gaming Keypads?

A gaming keypad or a keyboard is specially designed for gaming purposes. These keyboards come with a limited number of keys from standard keyboards and are arranged in an ergonomic way for quick gaming key presses. The most common keyboard keys are “W”,” A”,” S”, and” D”.Since these keys are specially designed for gaming, they contain more functions such as color lighting options, volume keys, etc.

Gaming Keyboard vs Regular Keyboard

Regular KeyboardGaming Keyboard
It is made for general useSpecifically made for gaming
Can not be customizedCan be highly customized
Do not have any additional featuresComes with additional features
Can not withstand heavy useCan withstand heavy use.
Pocket friendlySomewhat expensive

General Gaming Keypad Statistics

  • As of 2022, The global gaming keyboard market was valued at $2.2 billion which is further expected to grow at a CAGR of 10.5% reaching 4.89 billion by 2029.
  • According to the Gaming Keypad Statistics, the demand for customizable RGB lighting in gaming keyboards is rising continuously.
  • Furthermore, Asia-Pacific is the growing market in terms of the highest demand between 2023 and 2031.
  • Having the largest number of games in Singapore, Japan(8.7% CAGR), India (10% CAGR), and South Korea, this has become the driving factor for increased demand in the gaming mouse and keyboards market between 2022 and 2028.
  • The Asia Pacific gaming keypad market is expected to grow at a CAGR of 9.3% between 2022 to 2028.

Most Popular PC Games by MAU

most-popular-pc-games-based-on-monthly-active-users-mau-worldwide-in-may-2023

(Reference: statista.com)

As of May 2023, Minecraft, Fortnite, and The Sims 4 were the top 3 trending PC games by monthly active users. Other games that ranked in the list were Valorant, Grand Theft Auto V, and Rocket League.

Other Gaming Keypad Statistics

  • Market Overview:
    • The global gaming keypad market in 2024 is characterized by significant growth, attributed to the rising popularity of PC gaming and eSports.
    • A noticeable trend towards ergonomic and customizable keypads is evident, catering to both professional and amateur gamers.
    • The market segmentation reveals a higher demand for mechanical keypads due to their durability and tactile feedback.
  • Market Size and Forecast:
    • As of 2024, the gaming keypad market is valued at approximately USD 2.5 billion, indicating a robust growth trajectory.
    • The compound annual growth rate (CAGR) from 2020 to 2024 is estimated at 6.3%, reflecting a steady increase in market size.
  • Geographical Insights:
    • North America holds the largest market share, driven by a strong gaming culture and high disposable income among consumers.
    • The Asia-Pacific region shows the fastest growth rate, fueled by the increasing popularity of gaming in countries like China, South Korea, and Japan.
  • Consumer Demographics:
    • The primary consumer base consists of males aged 18-35, accounting for 60% of the market.
    • There is a growing female gamer population, now representing 25% of the gaming keypad market, a 5% increase from 2020.
  • Technology Trends:
    • Wireless keypads are gaining popularity, with a 40% market share in 2024, up from 30% in 2021.
    • RGB backlighting and programmable keys remain highly sought-after features among gaming enthusiasts.
  • Competitive Landscape:
    • Leading manufacturers include Razer, Logitech, and Corsair, collectively holding 55% of the market share.
    • New entrants are focusing on niche markets, such as keypads designed for specific game genres like MMORPGs or FPS.
  • Sales Channels:
    • Online retail platforms account for 70% of sales, bolstered by the pandemic-induced shift to e-commerce.
    • Physical stores, especially those specializing in gaming equipment, constitute the remaining 30% of sales.
  • Product Innovations:
    • Companies are increasingly incorporating AI technology for personalized key mapping based on gaming habits.
    • There is a noticeable trend towards sustainable materials in keypad manufacturing, aligning with global environmental concerns.
  • Consumer Preferences:
    • Survey data indicates that 65% of consumers prioritize durability and build quality in gaming keypads.
    • Customizability in terms of key functions and aesthetics is a significant factor for 50% of the consumer base.
  • Market Challenges:
    • The high cost of advanced gaming keypads poses a barrier to entry for budget-conscious consumers.
    • There is intense competition from regular keyboards that are versatile and often more affordable.
  • Regulatory Landscape:
    • No major regulatory changes impacting the gaming keypad market have been observed in 2024.
    • However, there is an increasing focus on electronic waste management and the sustainability of gaming peripherals.
  • Investment Opportunities:
    • Venture capital interest in gaming peripheral startups, particularly those innovating in ergonomics and AI integration, is on the rise.
    • The eSports industry’s growth offers lucrative opportunities for branded and custom gaming keypads.
  • Economic Impact:
    • The gaming keypad market contributes significantly to the overall gaming industry’s revenue, estimated at USD 150 billion in 2024.
    • Employment in related sectors, including manufacturing and retail, has seen a positive trend correlating with market growth.
  • Future Outlook:
    • Predictions for 2025-2030 suggest a continued upward trend in the gaming keypad market, with technological advancements being a key driver.
    • Potential market saturation and the evolution of alternative gaming controls may moderate growth rates in the long term.
  • Conclusion:
    • The gaming keypad market in 2024 demonstrates a dynamic and growing sector within the gaming industry.
    • Continuous innovation, coupled with the rising global interest in gaming, positions the gaming keypad market for ongoing expansion and diversification.

Conclusion

The number of gamers is increasing widely, due to digitalization as well as social media influencing. As proven by Gaming Keypad Statistics, the Asian region is expected to be a growing market for gaming mouse and keyboards. Not only this, but the global lockdown has made people turn to YouTubing and gaming for which keyboards have become an intensive need.

There’s Minecraft, Fortnite, PubG and whatnot. Every game is being streamed on Discord and YouTube, making the host the owner of millions of dollars. Well, the future of games is bright, and thus the demand for related accessories is high. Wonder, if you have any current YouTube gaming channel?

Nikki Haley Says Biden Is Just As Bad As Trump

“If either one of them was good, I wouldn’t be running,” Haley told CNN’s Dana Bash.