As per the new research report published by Market Research Future (MRFR), the global 2-in-1 laptop market is projected to acquire a substantial market valuation of USD 5.4 billion at a moderate CAGR of 17.4% over the review period.
Drivers and Restraints
The global 2 In 1 Laptop Market is to witness tremendous growth in the future. Factors such as the high demand for personal computing devices and substantial investment in the research and development sector by the key companies are boosting the market. Enterprises play a vital role in market growth as more and more companies are shifting their technological features from traditional to modern. The innovative concept of BYOD is one of the significant factors which is supporting the market growth. The positive annual growth rate in the personal computer segment is of the detachable notebooks, which is far higher than the desktop computer and workstations, conventional laptops, and outdated tablets (without keyboard), and this seamless growth rate continues to grow significantly in the foreseeable future. In spite of the advancement in 2 in 1 laptop market, in terms of screen, compactness, display technology, and mobility, the device has to compromise with storage and battery capacity. This factor is likely to affect the demand for the product, and may consequently hinder the market growth over the review period.
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The prominent players in 2 in 1 laptops market are – Dell, Inc. (U.S.), Apple Inc. (U.S.), Microsoft Corporation (U.S.), Samsung Group (South Korea), Sony Corporation (Japan), HP (U.S.), Lenovo Group Ltd. (U.S.), Acer Inc. (Taiwan), AsusTek Computer Inc. (Taiwan), Toshiba Corporation (Japan) and Razer, Inc. (U.S.), among others.
The market is segmented on the basis of applications and screen size. The 2 – in – 1 laptop generally comes in screen size ranging from 10 inches to 16 inches. Some of the professional and special-purpose devices come in smaller sizes and larger sizes. The size of the screen is a significant factor that affects the resolution and displays quality, compactness, and battery usage. screen size 13.3 inches is expected to lead the market share over the review period and is expected to reach USD 756.2 million in 2022.
The innovative 2 – in – 1 laptop is gaining popularity in recent times with the advancement in the technology and, therefore, holds many of the applications in terms of corporate usage, manufacturing units, personal usage, education, hotels and restaurants, and much more. For the sake of the analysis, the market has been bifurcated into personal and commercial applications, comprises various end-use industries. The commercial use segment is expected to reach a value of USD 3255.5 million by the end of the review period.
The North America market will exhibit a lead over the global market share owing to factors such as the rising adoption of cloud technology and connected space, making it easier for consumers to detach the laptop for one application and use it for another application. Sturdy detachable laptops for security, manufacturing, fire, police, and many enterprise verticals are witnessing flourishing demand, which is one of the primary driving factors of the market currently and in the foreseeable future. Other factors responsible for the expansion of the market in this region are large-scale market penetration, urbanization, industrialization, and others.
The Asia Pacific market is also slated to register substantial growth over the review period. Japan accounts for a significant proportion of the share in the market in the Asia Pacific market due to the presence of global market players and manufacturers of semiconductors and consumer electronic components. Japan, one of the emerging economies in APAC, is a leading exporter of detachable laptops. The improved penetration of 2 in 1 laptop into the educational sector is one of the major factors responsible for fueling market growth. The Europe market will exhibit a rising trend with respect to the expansion of the market owing to factors such as the improved concentration of corporate houses, rising demand for 2 in 2 laptops, among others. Middle East & Africa market is also expected to witness acceleration in consumer demand.
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- Technology investors
- Integrated device manufacturers (IDMs)
- Original equipment manufacturers (OEMs)
- Research/Consultancy firms
- Cloud solution provider
- System Integrators
- External Service Providers (ESPs)
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