USD 8281.95 million
Report ID: SQSG25E2014 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 90 | Figures: 76
Global Tablet Market size was valued at USD 8281.95 million in 2021 and is poised to grow from USD 9001.9 million in 2022 to USD 17545.69 million by 2030, growing at a CAGR of 8.7% in the forecast period (2023-2030).
A tablet is a portable device with a touchscreen that is smaller in size and has a variety of software programmes. They make advantage of wireless internet and local area networks. Hybrid, slate, detachable, and rugged tablets are some of the most prevalent types of tablets. These tablets come in a variety of display sizes and storage capacities.
One of the primary factors fuelling the growth of the tablet industry is the increase in demand for hybrid laptops among the global population. The increased need for tablets in healthcare, education, entertainment, and other areas, as well as the availability of various tablets with several characteristics such as miniaturisation, longer battery life, and gesture recognition to meet customer preferences, are driving tablets market expansion. The increased use of tablets as GPS navigation devices to provide the same functionality as a standard computer, followed by quick navigation via touch screen or stylus in comparison to a mouse or keyboard, and an increase in popularity due to the ease of use and high-performance speed of tablets, all have an impact on the market.
US Tablet Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 8281.95 million
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The global tablet market is segmented on the basis of type, end-use, operating system, and region. Based on type the tablets market is segmented into detachable tablets, slate tablets, and others. Based on end-use the Tablet Market is segmented into consumer, and commercial. Based on the operating system the tablets market is segmented into android, iOS, and others. Based on the region, the global tablet market is segmented into North America, Europe, Asia-Pacific, South America, And MEA.
Tablet Market Analysis by Type
While slate tablets will continue to outsell detachable, the latter will increase at a faster CAGR throughout the projected period. As PCs are gradually phased out, demand for detachable is rising in the IT sector. Detachable tablet sales are expected to grow at a faster rate than slate tablet sales, which are expected to grow at a slower rate of 15%.
Tablet Market Analysis by Operating System
Owing to its versatility and accessibility, the Android operating system is used by numerous mobile and tablet manufacturers. In terms of operating systems, the Android sub-segment is expected to be the fastest-growing sector over the projection period, owing to the widespread acceptance of the user-friendly operating system with a plethora of technology and features. Android OS enables users to connect to a variety of applications that may be utilized during military exercises. tablets can be found in fire departments, public safety vehicles, police cars, ambulances, military vehicles, and many other places.
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The Asia Pacific worldwide market produced the most revenue in 2022 and is expected to have the highest CAGR in the global tablets market during the forecast period. The area's tablet market trend is projected to be driven by increased cooperation between major companies and distributors in the Asia Pacific region. Furthermore, developing countries such as India and China are always seeking to improve their defence industry, with efficient digital gadgets for quick communications and operations.
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Tablet Market Driver
In the military industry, there is an increasing demand for smart gadgets
Tablet Market Restraint
Battery use and performance
Laptops, storage space and low upgrade cycle
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According to our research, larger display sizes can be appealing to companies, although smartphones with screens larger than 6-inches are expensive. In the absence of a PC, consumers in India's Tier II and Tier III cities use their phones to watch movies and videos. Catering to this customer niche can provide vendors with new prospects; nevertheless, merchants should bear in mind that this population is particularly cost-conscious. Because of the reduced profit margins, vendors will have to rely on a high-volume approach in order to make significant profits.
Tablet Market Top Company Profiles
Tablet Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, clever strategic marketing operations, IoT penetration, acceptance of e-commerce sales channels, a rise in disposable income, and the popularity of mobile applications all have a favourable impact on the tablet market. Furthermore, technological developments and enhanced internet connectivity provide profitable chances to market participants from 2022 to 2028.
|Market size value in 2021||USD 8281.95 million|
|Market size value in 2030||USD 9001.9 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Tablet Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Tablet Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Tablet Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Tablet Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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