Laptops have become quite common now and play an essential role in our daily lives. The advancements in smartphone and tablets have, to some extent, become a restraint for laptops growth.
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Laptops have become quite common now and play an essential role in our daily lives. The advancements in smartphone and tablets have, to some extent, become a restraint for laptops growth.
The global market size of laptops in 2018 was estimated at around US$ 90 billion and is expected to reach US$ 105 billion in 2025.
There are various developments made in laptops, some of the recent developments include touch screens, detachable desktop, slimness, gaming laptops (which are now also used for the regular purpose), advanced AMD options, and enhanced display features.
The market size seems to be increasing at a quite low pace. The use of desktop computers is still common in both commercial and public sector. However, there is some slow-growing trend of using laptops in businesses. The increased adoption of mobile phones and tablets for personal use is also one of the reasons behind the slow growth of laptops market in the consumer market.
Besides the standard shape laptops which have the highest market share, there are many other latest designs, such as slim, touch screen, 2-in-1 laptop, and gaming laptop. The 2-in-1 laptops have the features of both laptop and tablet and have a bigger market share compared to the other latest designs. The higher market growth of 2-in-1 laptops is due to its light-weight features and easy handling.
North America and Europe account for half of the global market share, due to the high demand for laptops in these regions. The Asia Pacific is also experiencing exponential market growth driven by China and India.
Some of the leading global players in the laptop market include Dell, HP, Apple, Lenovo, IBM, Asus, Acer, Microsoft, Razer, MSI, Samsung, and Toshiba.