Tablet PC Market to Reach $325.15 Billion Globally by 2031 at a CAGR of 16.7%: Allied Market Research
Rapidly expanding enterprise sector, increasing demand for hybrid devices and increasing demand for tablet computers are driving the growth of the global tablet PC market.
PORTLANDOre. , August 3, 2022 /PRNewswire/ — Allied Market Research has released a report titled “Tablet PC Market by Operating System (Android, iOS, Windows), by Distribution Channel (Offline, Online), by End User (Consumer, Commercial ): Global Opportunities Analysis and Industry Forecast, 2021-2031. According to the report, the global tablet PC industry generated $70.72 billion in 2021, and should reach $325.15 billion by 2031, with a CAGR of 16.7% from 2022 to 2031.
Drivers, constraints and opportunities
Rapidly expanding enterprise sector, increasing demand for hybrid devices and increasing demand for tablet computers are driving the growth of the global tablet PC market. However, commoditization by emerging companies along with battery issues and short lifespan of tablet PCs are hampering the growth of the market. On the other hand, the rise of digitization, technological advancements and improved internet connectivity are creating new opportunities in the coming years.
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- The Covid-19 pandemic has led to increased adoption of tablet PCs with lockdown and disruptions in business operations, education sectors and other industries. With the implementation of work-from-home culture, e-learning, and courses taught by schools and universities, the sales volume of tablet PCs has increased as it provides convenience and digitization advantages.
- However, production activities of tablet PCs have been hampered due to partial or complete shutdown of manufacturing facilities, shortage of raw materials, ban on import-export business and lack of manpower. work available. This has led manufacturers to develop supply chain strategies, reassess production processes, and devise multiple new and agile approaches to monitoring product quality.
- Physical stores have been temporarily closed during the lockdown. This impacted the sales volume and overall market revenue. Online deliveries were made and people preferred to buy these tablet PCs through online platforms. Post-lockdown, offline distribution channels were open and expected to grow steadily.
Get a detailed analysis of the impact of COVID-19 on the Tablet PC Market:
The Android segment to maintain its leading position during the forecast period
Based on operating system, Android segment accounted for the largest market share in 2021, contributing almost half of the global tablet PC market, and is expected to maintain its leading position during the forecast period. This is due to the increase in the adoption of Android based devices, the accessibility of this operating system in various brands and its growing popularity due to its lower price, ease of availability and its great compatibility with a variety of devices. However, the iOS segment is estimated to witness the highest CAGR of 18.0% from 2022 to 2031, owing to the growing popularity of iPads for their highly preferred design. The report also analyzes the windows segment.
The offline segment to maintain its dominant share over the forecast period
Based on distribution channel, the offline segment contributed the highest market share in 2021, accounting for more than two-thirds of the global tablet PC industry, and is expected to maintain its dominant share during the period. forecast. This is due to the offline advantage of building a personal relationship with customers, reducing the return rate of products, and touching and feeling the goods for customers. However, the online segment is expected to show the fastest CAGR of 19.4% from 2022 to 2031, owing to the transition to business digitalization and the increase in the implementation of Industry 4.0 to make in the face of tough commercial competition by making products available on online shopping platforms.
The consumer segment will continue its highest contribution throughout the forecast period
On an end-user basis, the consumer segment accounted for the largest market share in 2021, holding approximately three-fifths of the global tablet PC market, and is estimated to continue its highest contribution throughout. of the forecast period. This is attributed to the increase in the adoption of tablet PCs for educational and entertainment purposes. However, the commercial segment is estimated to register the highest CAGR of 18.9% from 2022 to 2031, due to an increase in usage to improve productivity, efficiency and communication.
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Asia Pacific maintain its leadership status by 2031
Based on the region, Asia Pacific held the largest market share in 2021, accounting for almost a third of the global tablet PC market, and is expected to maintain its leading status by 2031. This is due to the massive shift to work from home (WFH) and the remote work. culture alongside online education in this region. However, LAMEA is expected to register the fastest CAGR of 18.1% from 2022 to 2031, due to the gradual adoption of tablet PC in several industries as well as increasing investment in the development of tablets with functionalities. improved and upgraded appliances in the region.
Main market players
- Acer Inc.
- Apple Inc.
- Hewlett-Packard Company
- Huawei technology
- Lenovo Group
- LG Electronics Inc.
- Microsoft Corporation
- Nokia Company
- Samsung Electronics Co.Ltd.
- Toshiba Corp.
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Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, OR. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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