Market Overview:
A laptop is a compact, transportable personal computer that can be applied to various situations. Most laptops offer the same software and access control capabilities as desktop computers as they have been made to carry out all of a desktop computer's functions. The increasing acceptance of multifunctional devices, such as laptops, in various industries such as education, automobile, manufacturing, medical, and logistics, as well as the growing trend of bringing your device (BYOD), are the primary growth drivers for the Laptop Market. The desire for laptops with cutting-edge capabilities, the most recent technology, and software, increased portability, and contemporary designs is on the rise. Demand is also being driven by an increase in demand for ultra-thin, light laptops with the latest generation processors.
Growth factors:
Merging the benefits of AI into IoT
IoT is correctly described as a network of interconnected equipment and computing devices that exchange data via a communication network without the involvement of a human. Since it allows for real-time status monitoring, IoT has altered how we work both professionally and personally during the past ten years. We can create a system that enables businesses to anticipate changes and optimize their equipment more organically by combining IoT technology with the always-expanding AI. Combining these two streams greatly benefits both industry specialists and corporations. IoT is concerned with devices that communicate over the internet, but AI allows these "things" to learn from data over time. As a result, businesses are redoubling their efforts to create a digital product ecosystem by launching AIoT business strategies, to deliver digital to every person, house, and organization and assist them in creating a fully-connected smart digital lifestyle. In line with this ambition, TECNO, a leading worldwide innovator in technology with operations in more than 70 markets, debuted its first flagship laptop, the MEGABOOK S1, in December 2022 in Dubai. Targeting users in specialized professions like business and the creative industries, the flagship MEGABOOK S1 emphasizes the idea of ideas that create miracles and assist them in working comfortably while yet attaining more productivity.
Digital education will assist boost the use of technologies such as a laptop.
Globally, the digital revolution is having a big impact on education. The delivery of education and training is experiencing a profound transformation. The attraction of digital classrooms to students is critical. Bring Your own Device (BYOD) and personalized learning are emerging concepts that are changing the way people teach, learn, and administer assessments. Through immersive learning experiences, more participatory learning, and expanded visual and technological possibilities, these technologies are transforming the educational landscape. To assist instructors and students, Google has announced additional improvements for Chromebooks, Google Classroom, and Google Meet in June 2022. According to Google, these enhancements will support teachers and students in the classroom as they concentrate on interconnectivity, control, and efficiency using GoogleMeet. Now, users may record screencasts on Chromebooks and project them onto a large screen. Furthermore, the increasing importance of interactive projection systems has convinced teachers to use laptops in their classes. The teaching and learning process is aided by interactive projection-innovative learning paradigms that help children build rational and analytical mindsets. As a result, the ongoing improvements in digital learning may provide a much-needed lift to the world's dwindling laptop sales.
Customers are drawn to 2-in-1 computers because of their versatility.
When compared to traditional laptops, the 2-in-1 product type of laptops is predicted to rise rapidly in the laptop industry in the next years. The 2-in-1 laptop is versatile and can function as both a laptop and a tablet. As a result, people increasingly choose 2-in-1 laptops over purchasing separate tablets and regular laptops. By immediately writing on the screen, these computers enable easy drawing, writing, and marking up papers without the use of a large keyboard. For instance, Robo&Kala has announced the release of their flagship product, the Robo&Kala 2-in-1 laptop in December 2022, which outperforms all competitors in terms of efficiency, battery life, mobility, and cost. With Robo&Kala's 2-in-1 laptop, users can effortlessly move about their day without having to carry a power cord, and they may engage in office work and entertainment life anytime, anyplace.
Key Developments:
COVID-19 has helped the global laptop industry develop. Many businesses are switching to a more virtual workplace in reaction to COVID-19. To support the virtual workplace, it has focused on firms adopting collaborative technologies and processes. Additionally, the government's mandate for work-from-home (WFH) policies has encouraged businesses to concentrate more on finding better ways to interact with clients while working remotely. The emphasis has shifted to work-from-home, which calls for a laptop and dependable connectivity. As a result, businesses will need laptops, which raises the price of laptops globally. The COVID-19 impact on the rise in work-from-home and study-from-home activities has been positive for the global laptop market.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2021 |
| Forecast Period | 2023–2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Type, Size, Operating System, End-User, And Geography |
| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies Covered | Apple Inc, Dell, Lenovo, Hewlett Packard LP, Acer Inc, AsusTeK Computer Inc, Razer Inc, Microsoft, Samsung Electronics Co, Micro-Star International Co Ltd |
| Customization Scope | Free report customization with purchase |
Segmentation: