Global Mobile Computer Market Continues Robust Growth, Poised to Reach $8.17 Billion by 2027 - By The Business Research Company
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LONDON, Sept. 18, 2023 /PRNewswire/ -- As per The Business Research Company's Mobile Computer Global Market Report 2023, the global mobile computer market has demonstrated remarkable resilience and growth, with the market size expanding from $5.96 billion in 2022 to $6.32 billion in 2023, marking a substantial compound annual growth rate (CAGR) of 6.0%. This upward trajectory is projected to continue, with forecasts indicating that the mobile computer market will reach an estimated $8.17 billion by 2027, driven by a CAGR of 6.6%. The market's ascent is attributed to several key factors, including increasing internet penetration, a burgeoning global population, growing government support, and a rising number of online purchasers.
Key Growth Drivers
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Market Concentration with Key Players
The global mobile computer market exhibits a degree of concentration, with a select group of major players dominating the landscape. In 2022, the top ten competitors collectively accounted for a significant 41.44% of the total market. Leading the pack was Motorola with an impressive 11.37% mobile computer market share, closely followed by HP at 10.23%. Other prominent players included Zebra Technologies, Honeywell International Inc., Advantech, Unitech, Datalogic, Bluebird Inc., Urovo, and Janam Technologies.
Technological Advancements Propel Growth
Companies operating in the mobile computer market are actively innovating to strengthen their market position. A notable trend is the launch of new chip technologies that support emerging advancements in the mobile computer market, enhancing device capabilities and functionalities. For instane, in June 2022, Arm, a UK-based chip technology firm under SoftBank Group Corp, introduced cutting-edge chip technology aimed at elevating the gaming experience on smartphones. This technology not only enhances visual quality but also preserves battery life, ushering in a new era of mobile gaming.
The latest platform for mobile computing, Arm Total Compute Solutions 2023 (TCS23), promises to redefine visual experiences with features like the Immortalis intrusion prevention system.
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The global mobile computer market is segmented along several key dimensions:
Among these segments, the handheld computer segment is poised to experience significant growth, with projected annual sales reaching $962.2 million by 2027.
Asia-Pacific Market's Vital Role
Asia-Pacific, the fourth-largest region in the mobile computer market, posted a market value of $2,098.9 million in 2022, accounting for 0.006% of the region's GDP. Per capita consumption stood at $0.49, slightly below the global average. The region's mobile computer market is buoyed by supportive government initiatives and a surging demand for online purchases. For instance, Australian online shopping experienced a remarkable 12.3% year-on-year growth in 2021-2022, as reported by Commission Factory, an Australia-based marketing agency.
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