Portable Electronics Market Overview

Portable Electronics Market Size was valued at USD 605 Billion in 2022 and is projected to grow from USD 750 Billion in 2023 to USD 810 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.00% during the forecast period (2023 - 2030). The global portable electronics market is driven by the growing demand for compact and portable solutions and adoption of new technologies. These factors have helped shape the portable electronics market and are expected to boost the growth. Companies in the portable electronics market could also face challenges such as price decline and price volatility which are further decreasing profit margins for manufacturers and suppliers. The details covered in the portable electronics market report cover all the aspects of the industry. Analysts studying the portable electronics market have also shared growth projections in the report and have suggested portable electronics market players to plan business strategies accordingly.

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Portable Electronics Market Segmentation

The global portable electronics market has been segmented based on products and end-users. On the basis of products, the market for portable electronics is segmented based on digital cameras, flash drives, gaming consoles, laptops, media players, navigation systems, personal digital assistants, power banks, mobile handsets. Additionally, the market on the basis of end-users, is segmented into industrial, commercial, residential, medical, others.

Regional Overview

Companies in the portable electronics market are spread across the world. The portable electronics market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American portable electronics market has many companies across the United States, Canada, and Mexico. The portable electronics market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the portable electronics market can be found in the market research report. Europe has companies in the portable electronics market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the portable electronics market across India, China, and Japan in the Asia-Pacific region is also presented in the report.

Industry News

Qualcomm has negotiated a $1.4 billion contract to acquire NUVIA, a maker of network infrastructure chips launched by former employees of Apple. The inclusion of NUVIA CPUs would continue to improve the Snapdragon of Qualcomm as the main platform for computing future. This will add the AI engine, DSP and specialized multimedia modules to Qualcomm's top telecommunications graphics processing unit (GPU). As per the statement, NUVIA CPUs would be incorporated into Qualcomm's tablet, notebook and interactive cockpit portfolio, as well as Driver Assistance Systems, virtual reality and connectivity network services.

Competitive Landscape

The portable electronics market is supported by implementation of advanced technologies and well-established IT infrastructure. The population growth around the world and increasing demand of portable electronics market based services and products also support the market growth. However, the portable electronics market growth can be affected due to unstable cost of material. The report covers all such details which will help companies in the portable electronics market to strengthen their business plan and improve their product portfolio. The portable electronics market research report also provides company profiles of major companies. The company profiles of many organizations operating in the portable electronics market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the portable electronics market. New companies and established businesses can plan their strategies based on this data provided in the portable electronics market research report.

Market Players

Players leading the portable electronics market include Dell, Inc. (US), Apple, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Toshiba Corporation (Japan), Sony Corporation (Japan), HP (US), Motorola Solutions, Inc. (US), Nokia Corporation (Finland), Palm, Inc. (US), and Eastman Kodak Company ((US), among others.

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