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The tablets market share is expected to increase by 42.02 million units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.61%.
This tablets market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers tablets market segmentation by type (hybrid, convertible, slate, and rugged) and geography (APAC, Europe, North America, MEA, and South America). The tablets market report also offers information on several market vendors, including Acer Inc., Apple Inc., ASUSTeK Computer Inc., HP Inc., Huawei Investment and Holding Co. Ltd., Lenovo Group Ltd., LG Corp., Microsoft Corp., Panasonic Corp., and Samsung Electronics Co. Ltd. among others.
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Technological advances and virtual learning are notably driving the tablets market growth, although factors such as the tendency to buy devices with lower configurations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the tablets industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Tablets Market Driver
One of the key factors driving growth in the tablets market is technological advances and virtual learning. Online tutoring has eased the laborious nature of work for teachers. Virtual learning also provides students with the advantage of convenience in taking notes to copy and paste information for use in reports or for analysis. It is ideal for homeschoolers and physically challenged students or those with health issues. The penetration of technology in the education sector has affected various aspects. It has enhanced the studying and learning experience beyond the classroom. New technologies are used in virtual learning, including interactive whiteboards (IWBs), augmented reality (AR), and virtual reality (VR). These require PCs and tablets used for educational purposes to be compatible with these advanced technologies, thus, in turn, boosting the demand for tablets during the forecast period.
Key Tablets Market Challenge
The tendency to buy devices with lower configurations will be a major challenge for the tablets market during the forecast period. The continuous developments in educational software have increased their complexity. Users face issues related to the proper use of these new functionalities. Manufacturers of tablets used for educational purposes must come up continuously with updated hardware solutions to meet the various software requirements. This makes the old device incompatible with new software updates as they do not fulfill the minimum system requirement. The majority of users do not have adequate knowledge of the functionalities offered by these systems. This leads them to choose lower-configuration tablets, which, in turn, becomes incompatible with future updates earlier than the high-end configuration devices. This will hinder the growth of the global tablets market.
This tablets market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the tablets market encompasses successful business strategies deployed by the key vendors. The tablets market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The tablets market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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34% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for tablets in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The rising demand for tablets in the commercial and industrial sectors will facilitate the tablets market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The tablets market share growth by the hybrid segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the tablets market size and actionable market insights on post COVID-19 impact on each segment.
US Tablets Market - The market share is expected to grow at a CAGR of 3% by revenue over the period 2014-2019 forecast period.
Tablets Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.61% |
Market growth 2022-2026 |
42.02 mn units |
Market structure |
Fragmented |
YoY growth (%) |
4.30 |
Regional analysis |
APAC, Europe, North America, MEA, and South America |
Performing market contribution |
APAC at 34% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Acer Inc., Apple Inc., ASUSTeK Computer Inc., HP Inc., Huawei Investment and Holding Co. Ltd., Lenovo Group Ltd., LG Corp., Microsoft Corp., Panasonic Corp., and Samsung Electronics Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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