Hybrid Devices Market is valued at approximately USD 41.57 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 17.6% over the forecast period 2023-2030. A hybrid device refers to a computer or device that can function both as a standalone tablet and a laptop. It features a flexible and innovative design that combines the convenience of a tablet with the operating system and capabilities of a laptop, including a keyboard. The Hybrid Devices market is expanding because of factors such as an increase in the number of internet users and increasing demand for mobile computing devices. Moreover, as the number of internet users increases, there is a higher demand for devices that can provide a seamless online experience and access to various digital services. This drives the adoption of Hybrid Devices. Its importance has progressively increased during the forecast period of 2023-2030.
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According to Statista in April 2023, the global number of internet users reached 5.18 billion, accounting for approximately 64.6 percent of the world’s population. Among these users, 4.8 billion individuals, or 59.9 percent of the global population, were actively engaged in social media platforms. In 2022, the age group of 15 to 24 years exhibited the highest internet usage across all regions, with young people in Europe demonstrating the highest penetration rate at 98 percent. The rising consumer demand for mobile devices have a significant influence on the Hybrid Devices market. As individuals rely more on their mobile devices for a wide range of tasks and activities, there is a growing requirement for devices that can offer the flexibility and functionality of both tablets and laptops.
According to Statista in 2021, the global count of operational mobile devices surpassed 15 billion, showing an increase from over 14 billion in the previous year. Projections indicate that the number of mobile devices will further rise to 18.22 billion by 2025, representing a significant growth of 4.2 billion devices compared to the levels observed in 2020. In addition, growing adoption of wireless display technology and rising technological advancement in Hybrid Devices would create lucrative growth opportunities. However, the high cost of hybrid devices and technical complexity stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Hybrid Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is dominating the market during the forecast period owing to, advanced technological advancements and well-established infrastructure. Additionally, the region’s higher purchasing power has contributed to the market’s growth, as it enables consumers to afford hybrid device solutions. Asia-Pacific is the fastest-growing region during the forecast period owing to the factors such as strong consumer demand for enhanced productivity and advanced multimedia capabilities in their devices. The growing number of internet users in the region is among the key factors propelling the growth of the hybrid devices industry.
Major market player included in this report are:
Fujitsu Limited
ASUSTeK Computer Inc.,
LG Corporation
Lenovo Group Limited
Microsoft Corporation
Samsung Electronics Co. Ltd.
Dell Inc.
Toshiba Corporation
Acer, Inc.
Hewlett-Packard Development Company, L.P
Recent Developments in the Market:
In February 2023, Honor, a spin-off from Huawei, introduced a foldable smartphone priced at USD 1,690, aiming to compete with Samsung and Apple.
In January 2023, Samsung Display unveiled a prototype display and hinge that can fold both inward and outward. The concept, known as “Flex In & Out,” enables the hinge to fold the device in a 360-degree manner, while minimizing the visibility of creases.
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Screen Size, End-User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
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The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Detachable
Convertible
By Screen Size:
Less Than 12 Inches
12-15 Inches
Greater Than 15 Inches
By End-User:
IT And Telecom
Personal Use
Educational Institutions
Healthcare
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Market Overview:
- Provides a general introduction to the market, including its size, growth rate, and key characteristics.
- This section may also include information on market segmentation, such as by product type, application, or geography.
Industry Trends and Drivers:
- Examines the current trends, developments, and factors driving the growth or decline of the market.
- It may include technological advancements, regulatory changes, consumer preferences, or economic factors that impact the industry.
Market Analysis:
- Offers a detailed analysis of the market’s dynamics, including supply and demand factors, competitive landscape, and market attractiveness.
- This section may include information on market share, market concentration, and competitive strategies of key players.
Market Segmentation:
- Divides the market into distinct segments based on criteria such as product type, application, end-user, or geography.
- This analysis helps identify specific market opportunities and target audiences.
Market Size and Forecast:
- Presents the current market size and estimates future market growth over a specified period.
- -This section may include historical data, market projections, and growth rates for different segments.
Competitive Analysis:
- Assesses the competitive landscape of the market, including the profiles of major players, their market share, and strategies.
- It may also include SWOT analysis (strengths, weaknesses, opportunities, threats) of key competitors.
Market Opportunities and Challenges:
- Identifies potential growth opportunities and challenges in the market. This section may highlight emerging market segments, untapped regions, or technological advancements that can drive market expansion.
- It may also address barriers to entry, regulatory hurdles, or competitive threats.
Consumer Insights:
- Provides an understanding of consumer behavior, preferences, and buying patterns related to the market.
- This section may include survey data, consumer demographics, and customer feedback.
Future Outlook and Recommendations:
- Offers insights into the future prospects of the market and provides recommendations for businesses or stakeholders.
- This section may suggest strategies for market entry, product development, marketing, or investment decisions.
Appendix:
- Includes additional data, charts, tables, or references that support the analysis presented in the report.
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