Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Ultra-Mobile Devices Market size is expected to reach $96.1 billion by 2028, rising at a market growth of 11.2% CAGR during the forecast period.
The Consumer Electronics segment acquired maximum revenue share in the Global Ultra-Mobile Devices Market by Vertical in 2021, thereby, achieving a market value of $34.1 billion by 2028. The rising growth of his segment is being aided by the growing population and the expansion of the ultra-mobile device market. The consumer electronics sector is highly reliant on ultra-mobile device systems. Furthermore, the increased use of consumer electronics devices, such as mobile phones, laptops, satellites, tablets, personal computers, television, and radar, as well as lower pricing, aided the expansion of ultra-mobile devices in the consumer electronics sector. These factors are accelerating the growth of the ultra-mobile device market across the consumer electronics industry.
The Utility segment is showcasing a CAGR of 13.2% during (2022 - 2028). This is due to an increase in the demand for ultra-mobile devices, a rise in cognitive intelligence applications, predictive, and analytical software, and a surge in the use of mobile phones and applications. In addition, a rise in network concerns is also accelerating the utilization of these devices in the utilities. Utility ultra-mobile devices can be used in the healthcare industry to track patient health and other characteristics while they are on the go. These devices have proven instrumental in telemedicine, enabling long-distance diagnosis via video conferencing.
The North America market dominated the Global Ultra-Mobile Devices Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $36.2 billion by 2028. The Europe market is estimated to witness a CAGR of 10.7% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 11.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of HTC Corporation, Google LLC, Dell Technologies, Inc., Sony Corporation, ASUSTeK Computer, Inc., Lenovo Group Limited, Hewlett Packard Enterprise Company (HP Development Company L.P.), Microsoft Corporation, and Samsung Electronics Co., Ltd.(Samsung Group)
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