Tuesday 17 April 2018

Portable Electronics Market Trends, Size and Growth Analysis 2017 To 2023

Portable Electronics Market
Summary 
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.
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Report Highlights
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.
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.
Key Findings
• 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.
  Table of Contents 
1 Research Methodologies
    1.1 Research Process
    1.2 Primary Research
    1.3 Secondary Research
    1.4 Forecast Model
      1.4.1 Market Size Estimation
2 Market Dynamics
    2.1 Market Drivers
      2.1.1 Technological Advancements
      2.1.2 Increasing Demand For Portability
      2.1.3 Rise In Demand For Portable Medical Devices
      2.1.4 Increasing Adopton Of Wearable Devices
    2.2 Market Restraints
      2.2.1 High Maintenance Costs
      2.2.2 Stringent Regulatory Process For Medical Product Approval
    2.3 Market Opportunity
      2.3.1 Emerging Markets Offer Significant Growth Opportunities 
  .Continued
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