Internet Penetration Boosts Global Laptop Market, Expected to Reach $160.28 Billion by 2028 at a CAGR of 7.3%

The laptops market size has grown strongly in recent years. It will grow from $113.99 billion in 2023 to $120.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to mobile computing trends, business and professional use, education technology integration, entertainment and media consumption, gaming and esports.

The laptops market size is expected to see strong growth in the next few years. It will grow to $160.28 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to continued remote work trends, hybrid and flexible work models, evolving educational technologies, increasing digital content creation, affordable and entry-level options. Major trends in the forecast period include focus on long battery life, increased storage capacities, enhanced graphics performance, privacy and security features, remote work-friendly features.

Market Overview -
A laptop, sometimes called a notebook computer by manufacturers, is a battery- or AC-powered personal computer typically smaller than a briefcase that can be easily transported and conveniently used in temporary spaces such as airplanes, libraries, meetings, and temporary offices.

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Internet Penetration Driving Global Laptop Market Growth
The growing internet penetration is expected to fuel the growth of the laptops market in the forecast period. Globally, the number of internet users is increasing by more than 8% annually and the average global internet user spends over 6 1⁄2 hours per day online. More than three quarters of the world's larger economies of internet users go online via desktops and laptops. For instance, in February 2023, according to Meltwater, a Netherlands-based software company, internet users in the UK climbed by 224 thousand (+0.3 percent) between 2022 and 2023. There were 66.11 million internet users in the UK overall. Therefore, the growing internet penetration is expected to drive the growth of the laptop market during the period .

Competitive Landscape -
Major companies operating in the laptops market report are AsusTek Computer Inc., Apple Inc., Samsung Electronics Co. Ltd., Microsoft Corporation., AT&T Inc., Bosch GmbH, Dell Technologies Inc., Huawei Investment & Holding Co. Ltd., Sony Group Corporation, Amazon Web Services Inc., Siemens AG, Lenovo Group Ltd., Lucky-Goldstar Electronics Ltd., Panasonic Corporation, Hewlett-Packard Company, Haier Group Corporation, Xiaomi Inc., Honeywell International Inc., Alcatel-Lucent S.A, Fujitsu Limited, Ericsson AB, Nokia Corporation, Toshiba Corporation, NEC Corporation, Koninklijke Philips NV, Hisense Electrical Co. Ltd., Acer Inc., Micro-Star International Co. Ltd., Razer Inc., Aeris Communications Inc.

All-In-One Laptops And Desktops To Drive Revenues In The Market
Major companies operating in the laptop industry are focusing on developing all-in-one laptops and desktops to drive their revenues in the market. For instance, in September 2023, AsusTeK Computer Inc. a Taiwan-based company that manufactures laptops launched a new lineup of all-in-one laptops and desktops. This new lineup includes the Asus S500SE, Asus S501ME, and ROG DT. Asus S500SE which features an Intel Core i7 processor that can reach the 13th generation, is excellent for a variety of tasks, including daily content creation and home entertainment. Asus ROG DT G22 features an Intel Core i7 processor and is made with gamers in mind and games and programs run smoothly on it .

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Key Segments -
The laptops market covered in this report is segmented -
1) By Type: Ultrabook, Netbook, Notebook, Other Types
2) By Laptop Screen Size: More than 17", 15.0" to 16.9", 13" to 14.9"
3) By End-Use: Personal, Business, Gaming

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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