Ultra Mobile Devices (UMD) market REPORT OVERVIEW
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The global Ultra Mobile Devices (UMD) market size was in USD 220770 million 2022 and is expected to reach USD 294160 million by 2028, at CAGR of 4.9% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
UMPCs were compact, tablet-style computers with physical keyboards and touchscreens. They frequently included Windows operating systems and were particularly developed for mobile computing. They were well-liked in the middle of the 2000s, but smartphones and tablets finally eclipsed them. Netbooks were tiny, inexpensive laptops with small screens and keyboards. They were created for simple computing functions like word processing and web browsing. In the late 2000s, netbooks were increasingly popular, although they were eventually phased out as more potent and adaptable laptops became available. Due to its portability and small physical aspect, tablets like the iPad and several Android tablets are also regarded as UMDs. These gadgets are employed for a variety of functions, from content consumption to productivity, and have grown more potent over time.
Sustainability was given more consideration when creating devices, and several businesses now produce UMDs using eco-friendly methods and materials. Manufacturers were enhancing the hardware and software security protections in UMDs due to growing concerns over data privacy and security. UMDs were getting stronger CPUs and AI capabilities to finish any work quickly.
COVID-19 Impact: Rise in E-commerce and Online Entertainment to Boost Market Growth
Lockdowns and other social segregation measures compelled people to work and study from home, which resulted in a rise in demand for portable computing devices. For remote work, online education, and virtual meetings, UMDs like laptops, tablets, and 2-in-1 devices have become indispensable tools. There was an upsurge in demand for internet shopping and entertainment as more individuals stayed at home. Sales of UMDs increased as a result of their use for online shopping, streaming videos, and gaming. During the epidemic, UMDs were crucial to telemedicine and remote medical consultations. Tablets and smartphones were used by patients to make virtual appointments with medical specialists, which raised demand for such gadgets.
LATEST TRENDS
"Hybrid and Convertible Devices to Enhance Market Growth"
Growing in popularity were 2-in-1 laptops and convertible tablets with removable keyboards. These gadgets were interesting to customers who required flexibility in their computing because they combined the functionality of a laptop and a tablet into one unit. Lightweight laptops called Chromebooks, which run Google's Chrome OS, are gaining popularity, particularly in the educational space. They provided cloud-based capabilities, affordability, and simplicity of use. Within the UMD market, the gaming laptop segment was expanding significantly. Powerful gaming laptops were produced in response to gamers' demand for portable solutions with high-performance features.
Ultra Mobile Devices (UMD) market SEGMENTATION
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- By Type
Based on type Ultra Mobile Devices (UMD) Market share is classified as laptops, tablets, detachable and convertibles.
- By Application
Based on application market is classified as telecommunication & IT, consumer electronics, retail, healthcare, education and others.
DRIVING FACTORS
"Mobility and Portability to Augment Market Growth"
The desire for portable computer and communication devices serves as the main driving force behind the Ultra Mobile Devices (UMD) Market growth. More people, both consumers and professionals, enjoy being able to take their gadgets with them and utilise them while on the go. The COVID-19 epidemic has expedited the growth of online learning and distant work, which has increased demand for UMDs. Devices that enable connectivity and productivity from a variety of locations are necessary for people. More potent and effective UMDs are now possible thanks to ongoing developments in hardware and software technology. This entails advancements in networking options, battery life, memory, and CPU speed. Faster data transfer and better online experiences are now possible thanks to the incorporation of high-speed internet access, including 4G and 5G.
"Entertainment and Content Consumption to Propel Market Growth"
UMDs are used for both professional and recreational purposes. Sales of UMDs are significantly influenced by social media use, gaming, streaming video, and gaming. Due to their adaptability for online learning and digital textbooks, UMDs have become more and more popular in the educational industry. These tools are part of the curricula at schools and universities. UMDs are utilised in healthcare settings for telemedicine consultations, patient monitoring, and electronic health records, which has increased demand in the industry. Some producers have created UMDs using eco-friendly materials and long-lasting batteries in response to consumer demand for more environmentally and energy-friendly products.
RESTRAINING FACTORS
"Saturation in Mature Markets to Impede Market Expansion"
Price-sensitive buyers frequently choose cheaper options or put off buying UMDs during recessions. There may not be much room for major expansion in some mature markets, such North America and Western Europe, where UMD penetration is strong. For some workloads, traditional laptops and desktops can compete with UMDs due to their higher processing speeds and bigger screens. In comparison to full-sized laptops and desktop computers, UMDs, particularly smaller tablets and budget devices, may have less processing power, which limits their performance for demanding activities. The space historically filled by UMDs may be invaded by smartphones' expanding form factors, which have more potent capabilities.
Ultra Mobile Devices (UMD) market REGIONAL INSIGHTS
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"North America to Dominate the Market Due to Developed Technology Market"
UMD consumer adoption is high in North America, especially in the United States, where the technological market is developed. The region's economy is strong and stable, which has helped to support strong consumer spending power. With their cutting-edge products, North American businesses like Apple, Microsoft, and Google have been in the vanguard of UMD innovation. As a result of the demand for mobile work solutions and productivity tools, the area has witnessed substantial UMD usage in workplace settings. UMD adoption is widespread at North American colleges and universities, which has helped to increase sales.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Apple, Inc. (U.S.)
- HTC Corporation (Taiwan)
- Dell, Inc. (U.S.)
- Sony Corporation (Japan)
- Lenovo Group Ltd. (China)
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 220770 Million in 2022 |
Market Size Value By |
US$ 294160 Million by 2028 |
Growth Rate |
CAGR of 4.9% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the Ultra Mobile Devices (UMD) Market expected to touch by 2028?
The global Ultra Mobile Devices (UMD) Market size is expected to reach USD 294160 million by 2028.
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What CAGR is the Ultra Mobile Devices (UMD) Market expected to exhibit by 2028?
The Ultra Mobile Devices (UMD) Market is expected to exhibit a CAGR of 4.9% by 2028.
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Which are the driving factors of the Ultra Mobile Devices (UMD) market?
Mobility and portability and entertainment and content consumption are the driving factors of the Ultra Mobile Devices (UMD) market growth.
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Which are the key players functioning in the Ultra Mobile Devices (UMD) market?
Apple, Inc., HTC Corporation, Dell, Inc. and others are some of the major market players in the Ultra Mobile Devices (UMD) industry.