Covid-19 Impact on Portable Electronic Market Growth and Forecast 2023
Covid-19 Impact on Portable Electronic Market - Overview
The Global Portable Electronics Market is growing with the rapid pace mainly due to the increasing market of wearable devices and smart phones. The dependency over the smartphones has been increased tremendously which in result has led to the growth of Portable Electronics market. According to a recent study report published by the Market Research Future, the Portable Electronic Market is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
The technological advancements coupled with increasing adoption of latest technology products is the major factor contributing to the growth of the Portable Electronics market. Apart from it, the increasing IoT market is also boosting the portable electronics market. The standard of living is changing continuously, the changing lifestyle needs are creating more demand for portable electronics. However, lack of awareness is the major factor restraining the growth of Portable Electronics market.
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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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TABLE OF CONTENTS
List of Tables
TABLE 1 PORTABLE ELECTRONICS MARKET, BY PRODUCT
TABLE 2 PORTABLE ELECTRONICS "
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