Tablet Market - Global Industry Analysis and Opportunity Assessment, 2016-2026

Nearly 193 million iOS tablets were shipped in 2016, whereas Android and Windows collective shipments were valued at 226 million. However, during the forecast period 2016-2026, Android tablets will witness the highest growth rate, owing to their low price and popularity, especially in emerging markets. In 2017, total tablet shipments are estimated to surpass 455 Mn units.

Global demand for tablets is going through a period of sluggish growth, as large screen smartphones continue to find favour among consumers. However, commercial segment is expected to offer the next wave of growth to vendors, as businesses move away from PCs to detachables.

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Apple Inc. remains the largest player in the global tablet market. It held a revenue share of nearly 26% of the global market in 2016. Samsung is the second biggest player in the market with over 15% market share. Micromax is the third largest player, while the rest of the market share is dominated by the likes of Lenovo, Asus, Xiaomi, Acer, and Huawei.

Detachable Tablets: The Next Growth Opportunity

Slate tablets shipments were pegged at nearly 243 million units in 2016. While slate based tablets will continue to account for higher sales than detachables, the latter will grow at a higher CAGR during the forecast period. Detachables are witnessing increasing demand from the IT sector, as PCs are being slowly phased away. Detachable tablet sales volumes are projected to increase at 10.8% CAGR vis-à-vis 7.7% CAGR of slate tablets.

The growing proliferation of laptop-tablet hybrids is eating into the markets share of tablets. The ever-increasing size of smartphones is not helping the cause of the tablet industry.

Another key factor that can impede the growth of the market is low upgrade cycle. As is the case in the smartphone segment, consumers are not showing the same level of eagerness to upgrade their existing tablets. Long replacement cycles can restrain demand for new tablets during the forecast period.

Screen size is an important buying decision for consumers, and as above 6-inch smartphones become ubiquitous, tablet vendors are finding it difficult to promote size as their USP.

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In 2016, over 191 Mn units of tablets less than 8 inch in size were shipped globally, whereas sales of above 8 inch tablets were pegged at over 227 million units. In terms of both value and volume, less than 8-inch tablets are projected to witness a higher CAGR during the forecast period.

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This release was published on openPR.