How Has The Ultra Mobile Devices Market Size Evolved In Recent Years?
The ultra mobile devices market has seen considerable growth due to a variety of factors.
•The market size for ultra-mobile devices has experienced significant growth in the past few years. It is projected to expand from $221.75 billion in 2024 to $233.37 billion in 2025, with a compound annual growth rate (CAGR) of 5.2%.
Factors such as the advent of mobile computing, consumer demand for mobility, trends in business mobility, advancements in connectivity and wireless technologies, and the need for portable entertainment have contributed to its growth in the historical period.
What Is The Projected Growth Of The Ultra Mobile Devices Market?
The ultra mobile devices market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for ultra mobile devices is anticipated to witness robust growth in the forthcoming years, expanding to a total of $303.02 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%.
The escalation during the predicted period is due to factors such as the surge in remote work and digital nomadism, progress in battery technology, incorporation of Internet of Things (IoT), emergence of diverse form factors, and assimilation of education technology (edtech). Significant trends during this forecast period encompass the evolution of form factors and screen technologies, proliferation of remote work and collaboration tools, improvement in security and privacy functions, development of sustainable and environment-friendly designs, and an increased emphasis on education and e-learning.
What Are The Key Drivers Fueling Growth In The Ultra Mobile Devices Market?
The expansion of internet accessibility is predicted to propel the ultra-mobile devices market’s progress in the future. The Internet is defined as the expansive global network connecting the World Wide Web and numerous computers. Ultra-mobile devices equipped with the internet offer a plethora of services, like transferring money internationally, global collaboration, learning from others, fostering international social bonds, and more. Consequently, the expanding availability of the internet is pushing up ultra-mobile devices' sales. For instance, a report in October 2023 by the International Telecommunication Union (ITU), a Switzerland-based agency specializing in information and communications technology, disclosed that the proportion of the population utilizing the Internet in low-income countries had risen to 27% in 2023, up from 24% in 2022. As a result, the burgeoning availability of the internet is fuelling the ultra-mobile devices market's growth.
What Are The Principal Market Segments In The Global Ultra Mobile Devices Industry?
The ultra mobile devices market covered in this report is segmented –
1) By Type: Premium Ultra-Mobile Devices, Basic Ultra-Mobile Devices, Utility Ultra-Mobile Devices
2) By Device Type: Tablet, Laptop, Convertibles, Detachable
3) By Application: Healthcare, Consumer Electronics, Telecom And IT, Retail, BFSI, Education, Entertainment, Other Applications
Subsegments:
1) By Premium Ultra-Mobile Devices: High-End Tablets, High-Performance Ultrabooks, Luxury Smartphones
2) By Basic Ultra-Mobile Devices: Entry-Level Tablets, Budget Smartphones, Basic Laptops
3) By Utility Ultra-Mobile Devices: Rugged Tablets, Business Smartphones, Specialized Handheld Devices
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Which Emerging Market Trends Are Altering The Ultra Mobile Devices Sector?
Product innovation is emerging as a crucial trend in the ultra-mobile devices sector. To maintain their market foothold, prominent businesses in this domain are keen on creating novel and inventive products. To illustrate, in March 2022, the American computer and consumer electronics conglomerate, Apple Inc., released the cutting-edge iPad Air, arguably their most formidable and adaptable model to date. A stand-out feature of this device is the integration of the M1 chip, which expands the iPad Air's capabilities unlike ever before. Users could, for instance, edit several 4K video lines, play graphically-demanding games, 3D remodel a room, or experience enhanced levels of augmented reality (AR). The M1 chip offers a substantial performance uplift to even the hardest apps and processes, all while ensuring excellent power efficiency and long-lasting battery life. In optimal conditions, the iPad Air can reach a peak 5G speed of 3.5 Gbps. Moreover, compared to the previous iPad Air, the performance of the 8-core CPU and 8-core GPU has increased by up to 60% and doubled, respectively.
Who Are the Key Players in the Ultra Mobile Devices Market?
Major companies operating in the ultra mobile devices market include:
• Amazon.com Inc.
• Apple Inc.
• Google Inc.
• Samsung Electronics Co. Ltd.
• Microsoft Corporation
• Dell Inc.
• Huawei Technologies Co. Ltd.
• Sony Corporation
• T-Mobile USA Inc.
• Lenovo Group Limited
• LG Corporation
• Panasonic Corporation
• HP Inc.
• Qualcomm Technologies Inc.
• Xiaomi Corporation
• Fujitsu Limited
• Toshiba Corporation
• Nokia Corporation
• NEC Corporation
• Sharp Corporation
• Kyocera Corporation
• ASUSTeK Computer Inc.
• Acer Inc.
• Garmin Ltd.
• Alcatel-Lucent S.A.
• ZTE Corporation
• HTC Corporation
What are the Regional Insights into the Ultra Mobile Devices Market?
North America was the largest region in the ultra-mobile devices market in 2024. The regions covered in the ultra-mobile devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
