Portable Electronics Market Subjected to Expand to Showcase Rampant Growth by 2023
Market
Highlights
In this rapidly changing world of technology, Portable
Electronics Market is projected to show major growth prospects during
the forecast period. Major factor driving the portable electronics market is
the increasing adoption of digitization and the growing technological
advancements have revolutionized the consumer electronics market.
Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/4126
As compared to other regions, the portable
electronics market in North America is expected to witness significant growth
and hold the largest market share during the forecast period. U.S and Canada
are anticipated to drive the growth of portable electronics market. This is
owing to the presence of large number of established key players like Apple and
Dell in that region. In addition to this, the region also has a well-established
infrastructure which allows higher penetration of devices and ultimately
provides better connectivity. This is expected to be a major factor for the
growth of portable electronics market. Growing adoption of innovative
technologies in consumer electronics market is one major factor driving the
growth of portable electronics market in the region. Growing demand for
innovations and increasing adoption of technological advancements are other
factors driving the growth of portable electronics market in the region.
In the global portable electronics market, Asia
Pacific is anticipated to witness relatively faster adoption and is expected to
grow at the highest CAGR during the forecast period as compared to other regions.
Within Asia Pacific, portable electronics market is projected to contribute
faster to the growth of revenue backed by increasing demand for mobile devices
and growing need for digitization in countries such as Japan, China and India.
This is owning to the presence of key players like Samsung Electronics and
Toshiba Corporation in the region. Samsung Electronics has been investing
highly in research and development to keep up with the pace of technological
changes.
The portable electronics market is growing rapidly over 8.87% of CAGR and is expected
to reach at approx. USD 779.97 Billion by the end of forecast period.
Taste the market data and market information
presented through more than 30 market data tables and figures spread over 100
numbers of pages of the project report. Avail the in-depth table of content TOC
& market synopsis on “Portable Electronics Market Research Report-Forecast
to 2023”.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/portable-electronics-market-4126
Portable Electronics Market Segmentation
The portable electronics market has
been segmented on the basis of product and end user. The end user segment is
further bifurcated into commercial, residential, industrial, medical and others.
The medical segment has various applications owing to the growing adoption of
wearable healthcare devices. These wearable healthcare devices have
revolutionized the medical industry and has been adding to the growth revenue
of portable electronics market. Owing to this, the medical segment in portable
electronics is expected to grow at a high rate during the forecast period.
The prominent players
in the portable electronics market are – 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.
Market Research Analysis:
The regional analysis of portable
electronics market is being studied for regions such as Asia Pacific, North
America, Europe and Rest of the World. It has been observed that North America
is estimated to account for the largest share of the market, whereas
Asia-Pacific is projected to grow at the fastest rate during the forecast
period. The major growth in portable electronics market in North America is
attributed to technical advancements and increasing use of mobile devices in
that region.
About Market Research
Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
Comments
Post a Comment