In this rapidly changing world of technology, portable electronics market is projected to show major growth prospects during the forecast period. Major factor driving the portable electronics market is the increasing adoption of digitization and the growing technological advancements have revolutionized the consumer electronics market.
As compared to other regions, the Portable Electronics Market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of portable electronics market. This is owing to the presence of large number of established key players like Apple and Dell in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. This is expected to be a major factor for the growth of portable electronics market. Growing adoption of innovative technologies in consumer electronics market is one major factor driving the growth of portable electronics market in the region. Growing demand for innovations and increasing adoption of technological advancements are other factors driving the growth of portable electronics market in the region.
In the global portable electronics market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, portable electronics market is projected to contribute faster to the growth of revenue backed by increasing demand for mobile devices and growing need for digitization in countries such as Japan, China and India. This is owning to the presence of key players like Samsung Electronics and Toshiba Corporation in the region. Samsung Electronics has been investing highly in research and development to keep up with the pace of technological changes.
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The Portable Electronics Market is growing rapidly over 8.87% of CAGR and is expected to reach at approx. USD 779.97 Billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Portable Electronics Market Research Report-Forecast to 2023”.
April 2018 – Leading semiconductor test equipment supplier Advantest Corporation has introduced its T5503HS2 memory tester which is the one of the most productive test solution in the industry for the fastest memory devices, and super-high-speed DRAMs. The memory super cycle has been driven by rapid growth in end markets including portable electronics and servers.
April 2018 – HMD Global that designs and sells Nokia brand of phones, have decided to focus on expanding product range and deepening retail presence in India in 2018.
The prominent players in portable electronics market are – Apple, Inc. (U.S.), Dell, Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Toshiba Corporation (Japan), HP (U.S.), Nokia Corporation (Finland), Motorola Solutions, Inc. (U.S.), Eastman Kodak Company ((U.S.), Palm, Inc. (U.S.) among others.
Global Portable Electronics Market – Segmentation
The Portable Electronics Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Product: Comprises Mobile Handsets, Personal Digital Assistant (PDA), Notebook/Laptop, Media Players, Gaming Consoles, Digital Camera, Navigation Systems, Power Banks, Flash Drives, Healthcare devices, Others
- Segmentation by End User: Comprises Industrial, Commercial, Residential, Medical, Others
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Global Portable Electronics Market – Regional Analysis
North America is expected to hold the major market share in the global Portable Electronics market during the forecast period. The main factor which is driving the market is technological advancement and increase in the adoption of smart devices. Europe is closely following North America in terms of market share. Innovation in smart phones, laptops is increasing in the European countries, apart from it the increasing IoT market are some major factor driving the market in the Europe. Asia Pacific region is expected to grow at a rapid rate during the forecast period. The rising demand for smart phones, tablets and wearable devices is one of the major drivers for the Asia Pacific region.
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- Technology Investors
- Research/Consultancy Firms
- Chip designers and fabricators
- Original equipment manufacturers (OEMs)
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