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Laptop Market Trends

Report ID: GMI11656
Published Date: Oct 2024
Report Format: PDF

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Laptop Market Trends

The deployment of 5G technology offers faster and more reliable internet access, significantly enhancing the appeal of laptops for mobile users requiring constant connectivity. The introduction of Wi-Fi 6 and 6E standards delivers superior performance, particularly in high-density environments, further increasing the attractiveness of modern laptops. The global market is driven by a combination of technological advancements, economic factors, and consumer preferences. Understanding these key market drivers enables manufacturers, retailers, and stakeholders to make informed decisions and adapt to evolving market conditions.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global laptop industry was valued at USD 105.2 billion in 2023 and is estimated to grow at a CAGR of 5.3% from 2024 to 2032, driven by increasing consumer spending on electronics.

The laptop industry is segmented into traditional laptops and 2-in-1 laptops. Traditional laptops dominated the market in 2023, generating over USD 59 billion in revenue, and are expected to surpass USD 89.9 billion by 2032.

North America held approximately 37.4% of the laptop market in 2023 and is expected to grow at a CAGR of 6.4% during the forecast period. The region's high average income enables consumers to invest in premium technology, driving demand for both personal and business laptops.

Prominent companies in the laptop industry include Acer, Apple Inc., ASUSTeK Computer Inc., Dell Inc., Haier Inc., HP Development Company, Huawei Device Co., Ltd., Lenovo, LG Electronics, Microsoft, Micro-Star INT'L CO., LTD., Razer Inc., SAMSUNG, SONY ELECTRONICS INC., and Toshiba Corporation.