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Global Ultra Portable Internet Devices Market 2024: Size, Share, and Insights
Ultra Portable Internet Devices Global Market Report 2024
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According to The Business Research Company's, The ultra portable internet devices market size has grown strongly in recent years. It will grow from $23.75 billion in 2023 to $26.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increasing demand for mobility, rising internet penetration, growth in the mobile workforce, rising social media usage, and growing consumer interest in electronics.
The ultra portable internet devices market size is expected to see strong growth in the next few years. It will grow to $37.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to growth in remote work and online education, rising digital nomadism, the expansion of e-commerce, growth in internet penetration, and the increasing popularity of e-learning. Major trends in the forecast period include the adoption of 5G technology, implementation of AI-driven features, adoption of eco-friendly materials, implementation of biometric security features, and adoption of cloud computing devices.
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Market Drivers and Trends:
The rising number of internet users is expected to propel the growth of the ultra portable internet devices market going forward. The number of internet users is increasing rapidly due to enhanced global connectivity, advancements in device accessibility, and growing digital literacy worldwide. Ultra-portable internet devices enable users to stay connected and access online resources seamlessly while on the move, enhancing mobility and convenience. For instance, in October 2023, according to the International Telecommunication Union, a Switzerland-based specialized agency, in 2023, around 67% of the global population, totaling 5.4 billion people, had internet access, marking a 4.7% increase from 2022. Therefore, the rising number of internet users is driving the growth of the ultra portable internet devices market.
Major companies operating in the ultra portable internet devices market are focusing on developing technologically advanced solutions, such as portable satellite internet devices, to enhance connectivity solutions for remote and underserved areas. Portable satellite internet devices refer to equipment that allows users to access the internet from remote locations using satellite technology, especially where terrestrial infrastructure is unavailable or unreliable. For instance, in June 2024, SpaceX, a US-based Space Exploration Technology company, launched Starlink Mini, a compact and portable satellite internet antenna designed for mobile use. The Starlink Mini is a smaller and lighter version of the standard Starlink antenna, measuring about 12 inches by 10 inches by 1.5 inches and weighing just over 2 pounds. Despite its smaller size, the Starlink Mini can achieve download speeds of over 100 Mbps and features a built-in Wi-Fi router with lower power consumption compared to the standard Starlink system. The Starlink Mini is designed to provide high-speed, low-latency internet access for users on the go, such as campers, overlanders, and remote workers.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Dell Technologies Inc., Huawei Technologies Co. Ltd., Sony Group Corporation, Lenovo Group Limited, LG Electronics Inc., Intel Corporation, Hewlett Packard Inc., Panasonic Corporation, Qualcomm Technologies Inc., Xiaomi Corporation, Fujitsu Limited, Toshiba Corporation, Sharp Corporation, Mediatek Inc., ASUSTeK Computer Inc., Motorola Solutions Inc., Oppo Mobile Corp. Ltd., TP-Link Technologies Co. Ltd., Razer Inc., NETGEAR Technologies India Pvt. Ltd., D-Link Corporation, HTC Corporation
Ultra Portable Internet Devices Market 2024 Key Insights:
• The ultra portable internet devices market size is expected to see strong growth in the next few years. It will grow to $37.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
• Impact Of Rising Internet Users On Ultra-Portable Internet Device Market
• Technological Advancements In Portable Satellite Internet Devices
• North America was the largest region in the ultra portable internet devices market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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