According to new research published by Allied Market Research, the global hybrid devices market was valued at $30.06 billion in 2020, and is projected to reach $151.88 billion by 2030, growing at a CAGR of 17.6% from 2021 to 2030.
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The hybrid devices are categorized based on different types into convertible and detachable hybrid devices. Detachable devices constitute the highest market share due to their lightweight nature and convenience of use. Nonetheless, convertible devices are estimated to portray the fastest growth owing to multi-mode view and the availability of extra battery space in the device that increases battery life.
Devices with screen size 12 inch-15 inch are projected to dominate the market owing to their size and lighter weight. However, devices with screen size greater than 15 inches are expected to depict the fastest growth in the market pertaining to the superior space for better viewing capability.
Asia-Pacific currently constitutes the highest market share in the global hybrid devices market on account of economic development in the region paired with increasing number of tech-savvy customers. LAMEA is expected to witness fastest growth over the forecast period, at a CAGR of 26.5% owing to the increasing number of internet users paired with the increasing acceptance of the hybrid devices in the educational institutions.
Some of the key hybrid devices industry players profiled in the report include ASUSTeK Computer Inc., Lenovo, HP Development Company, L.P., Microsoft, Dell Inc., Toshiba Corporation, Samsung Corporation, Acer Inc., Fujitsu Ltd, and LG Corporation. This study includes hybrid devices market share, trends, hybrid devices market analysis, and future estimations to determine the imminent investment pockets.
Asia-Pacific is expected to observe highest growth rate during the forecast period. Increase in investments for hybrid devices solutions among countries such as China, Japan, Thailand, India, and Indonesia, which fuels growth of the market. Moreover, consumers in Asia-Pacific demand higher productivity and enhanced multimedia in their devices. Hence, hybrid devices are highly adopted by people of this region, owing to productivity and entertainment demands. One of the major growth propellers for hybrid devices in the region is the increasing number of internet users.
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