Portable Electronics Market Is Projected To Expand At A Healthy Growth Rate 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:
Market Research Future (MRFR) is
a reliable firm that undertakes an extensive analysis of markets in various
domains. Our teams of research analysts gather relevant data through
painstaking primary and secondary research that aims to give clients a complete
outlook on markets of their interest. The data is compared against third-party
agencies and reputed organizations for estimating valuations and revenue
projections.
MRFR’s goal in providing a
comprehensive coverage of the market replete with latest trends, niches,
developments, and insights can be lucrative for business needs. We aim to push
our clients to the forefront by guiding them with astute information for making
informed decisions. Our market intelligence can track down key issues in industries
and be modified as per the fluctuations in economic scenarios. The reports are
customized and offered as per a specific region or country and adhere to latest
policies.
Comments
Post a Comment