Press release
Portable Electronics Market 2018 Global Leading Players Analysis: Motorola Solutions, Apple, Toshiba Corporation, Samsung Electronics, Eastman Kodak Company, Palm, Dell
Market Scenario:
Apple, Inc. has acquired a patent for photo management in India in the portable electronics segment. The patent was filed in 2008 and was received in 2016 and was filed for a portable electronic device with a touch screen that displays an array of thumbnail images and the selected image being larger than the other thumbnails. Whereas Samsung Electronics has come up with latest portable SSD which has raised the stakes for other players in the market. The portable SSD comprises of 64-layer V-NAND technology which offers best in industry transfer speeds and that too with a compact design.
North America region holds the largest market share of global Portable Electronics Market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for digital technologies and growing technological advancements in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies.
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Major factor driving the growth of portable electronics market is the growing need for portability feature and growing technological advancements. Owing to the presence of microprocessors, the devices manufactured today are small and are also light in weight and portable in nature. Declining prices of electronics is another major factor driving the growth of portable electronics market.
The global portable electronics market is expected to grow at approx. USD 779.97 Billion by 2023, at 8.87% of CAGR between 2017 and 2023.
Industry/ Innovation/ Related News
July 16, 2018 – Larson Electronics LLC (US), a global Industrial lighting leader, launched a vast line of portable LED lighting systems for use in industrial and combustible environments. These lighting assemblies are specially designed with maximum versatility, featuring a quick-change, explosion proof LED units and a variety of mounting options. And, can be used across Class I, II and III flammable environments, hazardous locations and confined spaces.
July 9, 2018 – JVC (Japan) a leading consumer electronics brand announced the expansion of its Bluetooth speaker portfolio in India, launching the Boombox XS-XN15. These speakers allows users experience 360-degree sound and is ideal for a pool or terrace party. The latest Boombox reinforces the ‘Bluetooth surround sound’ speaker market with its high quality, power packed performance at the much affordable price.
Key Players
The prominent players in 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.
Global Portable Electronics Market – Segmentation
Portable Electronics Market can be segmented into 3 key dynamics for the convenience of the report and enhanced understanding;
• By Products: Comprises Mobile Handsets, Personal Digital Assistant (PDA), Notebooks & Laptops, Media Players, Gaming Consoles, Digital Camera, Power Banks, Flash Drives, Healthcare Devices and Navigation Systems among others.
• By End-Users: Personal, Healthcare, Industrial, and Corporate among others.
• By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).
Global Portable Electronics Market – Regional Analysis
North America is projected to be the leading market for portable elctronics, globally holding the largest market share owing to the presence of major electronics manufacturers. Attributing to the increasing demand for digital technologies and growing technological advancements in the region, the U.S. and Canada account for the major contributor to the market growth in the region.
Furthermore, the presence of a well-established infrastructure supports the market growth, allowing implementations of advanced technologies. North America is expected to grow further over its previous growth records by 2023, followed by Europe and the Asia Pacific.
Europe accounts for the second-largest market for portable electronics, globally. The market is expected to grow at a considerable CAGR (2017-2023), perceiving a huge uptake of these items across the region.
Asia-Pacific is emerging as one of the lucrative markets for the portable electronics which is expected to generate high growth rate of substantial CAGR by 2023. Burgeoning electronics markets mainly in China and India are contributing to the market growth in the region majorly.
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Intended Audience
• Technology Investors
• Research/Consultancy Firms
• Consumers
• Chip designers and fabricators
• Original equipment manufacturers (OEMs)
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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