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Portable Electronics Market 2021 Research by Top Manufacturers, Segmentation, Industry Growth, Regional Analysis and Forecast by 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Portable Electronics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Portable Electronics Market products.

Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023

Portable electronic devices are no longer treated as luxuries, but have become a necessity to people. Portable electronics are light in weight and come into smaller sizes which can easily be carried around. Portable electronics are basically hand held devices. There are various portable electronics which we use on daily basis, and the best example for the same is smartphones. Other portable electronics include 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 electronics so easy to handle and carry around.

Owing to continuous developments in the technology, portable electronics have integrated a greater number of functions into them apart from just playing the music and making calls. The smartphones today can surf internet and display multimedia files on the go. This is due to the continuous advancements in the technology.

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Major factor driving the growth of portable electronics market is their portability feature which allows users to tackle all their work and play on the go. Major trend in the portable electronics devices is the enhanced audio and video capabilities, high performance processors and larger storage capacities packed into a smaller device. Portable devices are known to be light weight and hence are small in size.

Mobile phones are the best examples of portable electronic devices which holds the largest market share for the portable electronics market and has been dominating the market. This is owing to the increasing smartphone users and growing smartphone applications. The portable electronic devices like media players, laptops and gaming consoles are expected to grow at a significant rate during the forecast period.The global portable electronics market is expected to grow approximately at USD 196.99 Billion by 2023, approx. 11.03% of CAGR between 2017 and 2023.

Key Players

The key players of portable electronics market includes Apple, Inc. (U.S.), Dell, Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Toshiba Corporation (Japan), HP (U.S.), Nokia Corporation (Finland), Motorola Solutions, Inc. (U.S.), Eastman Kodak Company ((U.S.), Palm, Inc. (U.S.) among others.

Global Portable Electronics Market Analysis & Forecast, from 2017 to 2023
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the portable electronics market
• To provide insights about factors affecting the market growth
• To analyze the Portable Electronics market based on porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment on the basis of product and end user
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the portable electronics market

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Target Audience

• Technology Investors
• Technology Providers
• Research/Consultancy Firms
• Infrastructure Providers
• Original Equipment Manufacturers (OEMs)
• OEM Technology Solution Providers• The global portable electronics market is expected to reach USD 196.99 Billion by 2023.

• By product, mobile handsets sub segment holds the largest market share and is growing with approximately 9.04% CAGR by the end of forecast period.
• By end user, residential sub segment holds the largest market share and is growing with approximately 7.72% CAGR by the end of forecast period.
• Geographically, North America region has been projected to hold the largest market share in global portable electronics market followed by Asia Pacific region, while Europe ranks third in the portable electronics market.

Regional and Country Analysis of Portable Electronics Market Estimation and Forecast

Portable electronics market is growing with the positive growth in all the regions. Increasing demand for portable electronics and advancements in technology is driving the growth of portable electronics on global scale. On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. North America is dominating the global portable electronics market share followed by Asia Pacific which stands as the second biggest market due to heavy development whereas, Europe stands as third largest.

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The reports also cover country level analysis:
• North America
US
Canada
Mexico
• Europe
UK
Germany
France
Rest of the Europe
• Asia – Pacific
China
India
Japan
Rest of Asia Pacific
• Rest of the World
Middle East & Africa
Latin America

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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Email:sales@kennethresearch.com
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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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