Hybrid Devices Market to Reach $151.88 Bn, Globally, by 2030 at 17.6% CAGR: Allied Market Research

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May 19, 2022, 09:00 ET

PORTLAND, Ore., May 19, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Hybrid Devices Market 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): Global Opportunity Analysis And Industry Forecast, 2021-2027". As per the report, the global hybrid devices industry was pegged at $30.06 billion in 2020, and is expected to reach $151.88 billion by 2030, growing at a CAGR of 17.6% from 2021 to 2030.

Major determinants of the market growth

High demand for devices with longer battery life, use of touchscreen technology, and surge in acceptance of hybrid devices for enterprise mobility have boosted the growth of the global hybrid devices market. However, higher price compared to other computing devices and heavy weight hinder the market growth. On the contrary, use of wireless display technology and increase in acceptance of hybrid devices would open new opportunities in the future.

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Covid-19 scenario:

The Covid-19 pandemic positively affected the IT sector due to surge in demand for digital solution and increased adoption of work from home culture. Moreover, increased demand for computing devices for browsing, presenting files and data, and examining during the pandemic supplemented the market growth.
However, the prolonged lockdown and ban on electronic devices from China created a supply demand gap and disrupted the supply chain.

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The convertible segment to manifest the highest CAGR through 2030

By type, the convertible segment is estimated to portray the highest CAGR of 20.0% during the forecast period, as the hybrid devices come with detachable hinges, adjustable stands, and design best-suitable for higher productivity and portability. However, the detachable segment held the largest share in 2020, accounting for nearly three-fifths of the global hybrid devices market, due to rise in adoption of convertible devices by the end user.

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The IT and Telecom segment dominated the market

By end user, the IT and Telecom segment held the largest share in 2020, contributing to nearly one-third of the global hybrid devices market., due to number of IT & telecom organizations use hybrid devices because of functionalities including longer battery life, remote manageability, and responsiveness to empower the government workers. However, the personal use segment is projected to manifest the highest CAGR of 19.9% during the forecast period, as to explore the fully featured laptop with east of tablet for viewing various information.

North America held the lion's share

By region, the market across North America held the largest share in 2020, accounting for around two-fifths of the global hybrid devices industry., due to demand for higher productivity and enhanced multimedia in the devices. However, the market across Asia-Pacific is expected to register the highest CAGR of 19.8% during the forecast period, owing to higher purchasing power of North America.

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Major market players

Fujitsu Limited
LG Corporation
ASUSTeK Computer Inc.
Lenovo
HP Development Company
L.P.
Microsoft Corporation
Dell Inc.
Toshiba Corporation
Samsung Electronics Co.
Acer Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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