Portable Electronics Market: Global Industry Analysis and Forecast (2023-2029)

Portable Electronics Market was valued at US$ 115.34 Bn. in 2022. Global Portable Electronics Market size is estimated to grow at a CAGR of 10.55%.

Portable Electronics Market Overview:

Portable electronics are light in weight, smaller sizes and portable in nature. They are handheld devices, which are used on daily bases like smartphones, personal digital assistants, laptops, media players, gaming consoles, media players, digital cameras, navigation systems, power banks, flash drives, healthcare devices, and others. Portability is a feature that has made electronic devices so easy to handle and carry around. Portable electronics have combined several functions into them apart from just playing the music and making calls owing to continuous developments in the Product.Portable Electronics MarketTo know about the Research Methodology :- Request Free Sample Report The segments of the Portable Electronics market are investigated in the report (Product, End User, and Region). Market players and regions have given data (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The Portable Electronics market study gives a comprehensive overview of the present quick advancements in all industrial sectors. The essential data analysis for the historical era from 2017 to 2022 is presented using facts and figures, pictures, and presentations. The analysis looks at the market's drivers, constraints, prospects, and hurdles for Portable Electronics. This MMR report contains investor suggestions based on a detailed study of the current competitive landscape in the Portable Electronics industry sector.

Portable Electronics Market Dynamics:

The global portable electronics market growth is driven by the need for portability feature, penetration of smartphones and disposable income. The electronic industry has grown significantly over the last few years because of the new technological developments. Technological advancement and declining prices of electronics devices are also expected to drive market growth in the forecast period. On the other hand, digital convergence is restraining the market growth at the global level. An increase in adoption of tablets are expected to led decline in sales of traditional desktop PCs are expected to limit the adoption of some of portable electronics products in the near future. Portable Electronics are an important weapon in the powerful electronic devices. Currently, the powerful microprocessors are shoehorned in the tiny mobile and embedded systems that make thermal management the more difficult. In the current market scenario, microprocessors already are dissipating a power up to 100W and number is bound to grow as chip makers are expected to increase the operating frequency and CMOS devices in the packages. In fact, the semiconductor industry is projected to grow microprocessor power dissipation densities to 200 W. The modern electronics product design techniques will increase the demand for the portable electronics. The usage of portable electronic device is now widespread, which is contributed to the manufacture of electronics products to their long-term applications and longevity. The technological innovations and research in the electronics industry support the adoption of the portable electronics products across the globe. Key players are forming robust footprints in the global portable electronics market by Mergers, Acquisitions and High investment in the manufacturing sector. The portable electronics business growth is expected to grow by customized solutions, which is based on the portfolio of products, application and services. Some of the prominent key players are focusing on the innovation’s activities and resources on the Product development and expanding partnership with other key players. Key players are gradually stepped up their investment in innovations and marketing across the globe, thanks to continuous focus on cost management, higher efficiency of process and the adaption of structures, which are able to partially, mitigate the impact on earnings and the profibility. The Product development in semiconductor process technologies are expected to grow high-density portable electronics devices. Miniaturization is forming a new path for portable electronics products The miniaturization of semiconductor components is expected to rise to a large volume of consumer electronic devices. Products are becoming increasingly smaller and drive in more functionality. Miniaturization of one phase of a product, which is usually, reveals limitations and obstacles in the overall design and manufacturing process of portable electronics products. An increase in the demand for compact electronic devices in the end-user industries like consumer electronics, healthcare, and automotive, semiconductor are encouraging to key players to form miniaturization of electronics components. Some of the key players operating in the market are focusing on the miniaturization of the electronics products, which is one of the key elements for modern consumer products. The miniaturization of semiconductors are brining convergence of computer, communication and consumer electronics, with many new opportunities for product innovations. Farm factors optimization is one of the challenges facing the industry. The increase in demand for mobile electronic devices forms a new design challenge with an ever-greater emphasis on mechanical strength. The manufacturers are looking to join materials with the thinnest possible bond lines in the portable electronics. A thin bond line is preferred over a thick one, which helps in reducing the thermal resistance and imparts less stress at the corners of the bond joint in the production of the portable electronics products.

Portable Electronics Market Segment Analysis:

The smartphone segment held the dominant position in portable electronics market in 2022 and is projected to be contribute more than 35% share by 2029, with a CAGR of 11.2%. The smartphone market is dominated by three main operating platforms such as iOS, Android, and Windows. The availability of cost-effective and multi-functional devices are expected to fuel the market growth. The smartphone market is driven by government initiatives in developing countries and strong demand in the Asia-Pacific region due to the emergence of cost-effective Chinese manufacturers such as Huawei and Xiaomi. The introduction of new innovative and smarter tablets with extensive input abilities to create new growth opportunities in the market.

Portable Electronics Market Regional Insights:

Geographically, the Portable Electronics market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. According to the analysis, North America held the prominent market share of 35% in 2022 and is expected to grow at a more than 9.56% rate of CAGR, thanks to the presence of major market players, technological advancements and demand for digitization. Developed countries like U.S. and Canada are prominent countries, which are contributing large share in the market because of the high demand for digital technologies and well-established infrastructure, which allows the implementation of advanced technologies. The market in Asia Pacific is projected to be leading region in the portable electronics market during the forecast period thanks to the presence of the electronics industry and semiconductor manufacturing industries across the developing economies. Developing countries like China and India are the leading contributor to regional market growth because of the high smartphone penetration, consumer awareness regarding the usages of the electronics products and young population. China held the largest market share in 2022 and is projected to grow at an 8.65% rate of CAGR. The country is the manufacturing hub for portable electronic devices. An increase in investments by key players in research and development activities for the introduction of advanced portable electronics products are expected to boost the market growth in the near future. The objective of the report is to present a comprehensive analysis of the global Portable Electronics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Portable Electronics Market dynamic, structure by analyzing the market segments and projecting the Portable Electronics Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Portable Electronics Market make the report investor’s guide.

Portable Electronics Market Scope: Inquire before buying

Portable Electronics Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 115.34 Bn.
Forecast Period 2023 to 2029 CAGR: 10.55% Market Size in 2029: US $ 232.76 Bn.
Segments Covered: by Product • Mobile Handsets • Personal Digital Assistant (PDA) • Notebook/Laptop • Media Players • Gaming Consoles • Digital Camera • Navigation Systems • Power Banks • Flash Drives • Healthcare devices • Others
by Application • Industrial • Commercial • Residential • Medical • Others

Portable Electronics Market, by Region

North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)

Portable Electronics Market, Key Players are:

• Apple, Inc. • Dell, Inc. • Samsung Electronics Co., Ltd. • Sony Corporation • Toshiba Corporation • HP • Nokia Corporation • Motorola Solutions, Inc. • Eastman Kodak Company • Palm, Inc. • Asus • BlackBerry • Canon • Google Inc • Hewlett-Packard • HTC Corporation • Huawei Technologies • Lenovo • Micromax Mobile • LG Electronics • Panasonics • Seagate Product • ZTE Frequently Asked Questions: 1. Which region has the largest share in Global Portable Electronics Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Portable Electronics Market? Ans: The Global Portable Electronics Market is growing at a CAGR of 10.55% during forecasting period 2023-2029. 3. What is scope of the Global Portable Electronics Market report? Ans: Global Portable Electronics Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Portable Electronics Market? Ans: The important key players in the Global Portable Electronics Market are – Apple, Inc., Dell, Inc., Samsung Electronics Co., Ltd., Sony Corporation, Toshiba Corporation, HP, Nokia Corporation, Motorola Solutions, Inc., Eastman Kodak Company, Palm, Inc., Asus, BlackBerry, Canon, Google Inc, Hewlett-Packard, HTC Corporation, Huawei Technologies, Lenovo, Micromax Mobile, LG Electronics, Panasonics, Seagate Product, and ZTE 5. What is the study period of this Market? Ans: The Global Portable Electronics Market is studied from 2022 to 2029.
1. Portable Electronics Market Size: Research Methodology 2. Portable Electronics Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Portable Electronics Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Portable Electronics Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Portable Electronics Market Size Segmentation 4.1. Portable Electronics Market Size, by Product (2023-2029) • Mobile Handsets • Personal Digital Assistant (PDA) • Notebook/Laptop • Media Players • Gaming Consoles • Digital Camera • Navigation Systems • Power Banks • Flash Drives • Healthcare devices • Others 4.2. Portable Electronics Market Size, by Application (2023-2029) • Industrial • Commercial • Residential • Medical • Others 5. North America Portable Electronics Market (2023-2029) 5.1. North America Portable Electronics Market Size, by Product (2023-2029) • Mobile Handsets • Personal Digital Assistant (PDA) • Notebook/Laptop • Media Players • Gaming Consoles • Digital Camera • Navigation Systems • Power Banks • Flash Drives • Healthcare devices • Others 5.2. North America Portable Electronics Market Size, by Application (2023-2029) • Industrial • Commercial • Residential • Medical • Others 5.3. North America Portable Electronics Market, by Country (2023-2029) • United States • Canada • Mexico 6. European Portable Electronics Market (2023-2029) 6.1. European Portable Electronics Market, by Product (2023-2029) 6.2. European Portable Electronics Market, by Application (2023-2029) 6.3. European Portable Electronics Market, by Country (2023-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Portable Electronics Market (2023-2029) 7.1. Asia Pacific Portable Electronics Market, by Product (2023-2029) 7.2. Asia Pacific Portable Electronics Market, by Application (2023-2029) 7.3. Asia Pacific Portable Electronics Market, by Country (2023-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Portable Electronics Market (2023-2029) 8.1. The Middle East and Africa Portable Electronics Market, by Product (2023-2029) 8.2. The Middle East and Africa Portable Electronics Market, by Application (2023-2029) 8.3. The Middle East and Africa Portable Electronics Market, by Country (2023-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Portable Electronics Market (2023-2029) 9.1. South America Portable Electronics Market, by Product (2023-2029) 9.2. South America Portable Electronics Market, by Application (2023-2029) 9.3. South America Portable Electronics Market, by Country (2023-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Apple, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Dell, Inc. 10.3. Samsung Electronics Co., Ltd. 10.4. Sony Corporation 10.5. Toshiba Corporation 10.6. HP 10.7. Nokia Corporation 10.8. Motorola Solutions, Inc. 10.9. Eastman Kodak Company 10.10. Palm, Inc. 10.11. Asus 10.12. BlackBerry 10.13. Canon 10.14. Google Inc 10.15. Hewlett-Packard 10.16. HTC Corporation 10.17. Huawei Technologies 10.18. Lenovo 10.19. Micromax Mobile 10.20. LG Electronics 10.21. Panasonics 10.22. Seagate Technology 10.23. ZTE