Tablet PC Market Projected to Reach $325.15 Billion Globally by 2031 at a CAGR of 16.7%: Allied Market Research – PR Newswire | Hot Mobile Press

The rapid expansion of the enterprise sector, rising demand for hybrid devices and rising demand for tablet computers are driving the growth of the global tablet PC market.

PORTLANDOre. , August 3, 2022 /PRNewswire/ — Allied Market Research released a report titled “Tablet PC Market by Operating System (Android, iOS, Windows), by Distribution Channel (Offline, Online), by End User (Consumer, Commercial): Global Opportunity Analysis and Industry Forecast, 2021-2031.” According to the report, the global tablet PC industry generated $70.72 billion in 2021 and is expected to be achieved $325.15 billion by 2031, witnessing a CAGR of 16.7% from 2022 to 2031.

Drivers, limitations and opportunities

The rapid expansion of the enterprise sector, rising demand for hybrid devices and rising demand for tablet computers are driving the growth of the global tablet PC market. However, the commercialization by emerging companies as well as the battery problem and short lifespan of tablet PCs are restraining the market growth. On the other hand, increasing digitization, technological advances and improved internet connectivity will create new opportunities in the coming years.

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Covid-19 scenario

  • The Covid-19 pandemic has led to increased adoption of tablet PCs with lockdowns and disruptions in business, education and other industries. With the adoption of work-from-home culture, online learning and classroom instruction by schools and universities, tablet PC sales volumes increased as they offered convenience and digitization benefits.
  • However, the production activities of tablet PCs have been hampered due to the partial or full closure of manufacturing plants, shortage of raw materials, ban on import-export activities and lack of availability of labor. This prompted manufacturers to strategize the supply chain, re-evaluate production processes, and develop several new and agile approaches to product quality monitoring.
  • Physical stores were temporarily closed during the lockdown. This affected the sales volume and overall revenue of the market. Online deliveries have been done and people prefer to buy these tablet PCs through online platforms. Post lockdown, offline sales channels have been open and are expected to steadily gain momentum.

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The Android segment is projected to maintain its leading position during the forecast period

Based on operating system, the Android segment accounted for the largest market share, accounting for almost half of the global tablet PC market, in 2021 and is expected to maintain its leading position during the forecast period. This is due to the increasing acceptance of Android-based devices, the accessibility of this operating system from different brands, and the increasing popularity due to its lower prices, easy availability and high compatibility with a wide range of devices. However, it is estimated that the iOS segment will see the largest CAGR of 18.0% from 2022 to 2031 owing to the increasing popularity of iPads due to their highly preferred design. The report also analyzes the window segment.

The offline segment will 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 over the forecast period. This is because offline has the advantage of creating a personal relationship with customers, achieving a lower product return rate, and touching and feeling the merchandise for customers. However, the online segment is predicted to show the fastest CAGR of 19.4% from 2022 to 2031, driven by the enterprises’ shift to digitization and increasing implementation of Industry 4.0 to withstand the ongoing fierce competition of the Companies to withstand by making products available on online shopping platforms.

The consumer segment will continue its highest contribution during the forecast period

Based on end-users, the consumer segment accounted for the largest market share in 2021, holding around three-fifths of the global tablet PC market and is estimated to continue its highest contribution throughout the forecast period. This is attributed to the increasing adoption of tablet PCs for educational and entertainment purposes. However, it is estimated that the commercial segment will see the highest CAGR of 18.9% from 2022 to 2031 as utilization increases to improve productivity, efficiency and communication.

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Asia Pacific maintain its lead status through 2031

Based on region, Asia Pacific held the largest market share with almost a third of the global tablet PC market in 2021 and is expected to maintain its leading position until 2031. This is due to the mass shift to work-from-home (WFH) and telecommuting culture along with online education in this region. However, LAMEA is predicted to register the fastest CAGR of 18.1% from 2022 to 2031, reflecting the gradual adoption of tablet PCs across multiple industries, as well as increasing investments in the development of tablets with advanced features and improved devices in is due to the region.

Leading Market Players

  • Acer Inc.
  • apple inc
  • Hewlett Packard Company
  • Huawei technologies
  • Lenovo group
  • LG Electronics Inc.
  • Microsoft Corporation
  • Nokia Corporation
  • Samsung Electronics Co.Ltd.
  • Toshiba Corp.

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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global, medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR strives to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market space.

Pawan Kumar, the CEO of Allied Market Research, leads the organization in delivering high-quality data and insights. We are in professional business relationships with various companies and this helps us to unearth market data which help us create accurate research data tables and confirm the highest accuracy of our market forecasts. All data presented in the reports we publish are extracted through primary interviews with top officials from leading companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable professionals and analysts in the industry.

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