PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550716
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550716
The Global Hybrid Devices Market is estimated to be valued at US$ 38.24 Bn in 2024 and is expected to reach US$ 120.06 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 17.8% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 38.24 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 17.80% | 2031 Value Projection: | US$ 120.06 Bn |
The hybrid devices market is witnessing significant growth in the recent years. Hybrid devices refer to innovative electronic gadgets that combines the functionality of two or more traditional form factors. For instance, a hybrid device may contain features of both a laptop as well as a tablet, providing flexibility of usage. Advancements in computing technologies have enabled OEMs to integrate varied functionalities into single devices for enhanced user experience. Moreover, changing consumer preferences towards versatility and portability of devices is a key driver augmenting demands for hybrid offerings. With continued R&D in hardware and interface technologies, the hybrid devices market is expected to grow substantially during the forecast period.
The global hybrid devices market is driven by growing demand for versatile gadgets that can be used for both personal and professional needs. Working professionals are increasingly adopting 2-in-1 devices owing to benefits like lightweight portable design and capability to seamlessly switch between laptop and tablet modes. However, high production costs associated with development of hybrid technologies hampers market growth. Moreover, design complexities and thermal management challenges restrict mass adoption of hybrid devices. Meanwhile, ongoing technological advancements in processors, memory technologies and interface design open new avenues. Leading companies are introducing innovative form factors like foldable laptops and advanced detachable designs to tap opportunities.
This report provides an in-depth analysis of the global hybrid devices market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global hybrid devices market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Acer Inc., ASUSTeK Computer Inc., Dell Technologies Inc., Fujitsu Limited, Hewlett-Packard Development Company (HP), LG Corporation, Lenovo Group, Microsoft Corporation, Samsung Electronics, Sony Corporation, Toshiba Corporation, Huawei Technologies Co., Ltd., Lenovo, and Razer Inc., and MSI (Micro-Star International)
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global hybrid devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hybrid devices market.