Laptop Market Size, Share, Demand, Growth and Forecast by 2028

IMARC Group, a leading market research company, has recently released a report titled “Laptop Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”. The study provides a detailed analysis of the industry, including the market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the laptop market?

The global laptop market size reached US$ 140 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 180.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

Market Overview: 

A laptop, commonly known as a notebook computer, is a small, portable personal computer with a clamshell form factor, typically having a thin LCD or LED computer screen mounted on the inside of the upper lid and an alphanumeric keyboard on the inside of the lower lid. The laptop is so named because it can be comfortably used on a person's lap. Unlike desktop computers, laptops combine all the input/output components and capabilities of a desktop computer, including the display screen, small speakers, a keyboard, hard disk drive, optical disc drive, pointing devices (such as a touchpad or trackpad), a processor, and memory into a single unit. Most laptops feature integrated webcams and built-in microphones, while many also have touchscreens.

Laptops can be powered either from an internal battery or by an external power supply from an AC adapter. Hardware specifications, such as the processor speed and memory capacity, significantly vary between different types, makes, models, and price points. Design elements, form factor, and construction can also vary significantly between models depending on intended use. Features such as a higher-resolution screen, a backlit keyboard, and an aluminium chassis are found in higher-end laptops.

Laptops are commonly used in various settings, such as at work, in education, for playing games, web browsing, for personal multimedia, and general home computer use. Modern laptops are becoming thinner and lighter to help meet the needs of an on-the-go lifestyle. Thus, the laptop is a highly versatile technology that has changed the landscape of how people communicate, work, and entertain themselves.

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Market Trends and Growth Drivers: 

The evolution of computing technology represents one of the key factors driving the growth of the laptop market. Moreover, the rise in laptop adoption is linked to the growing demand for mobile workstations and educational tools, which are becoming more advanced and user-friendly. Additionally, the increasing use of laptops in professional settings, where mobility and connectivity lead to enhanced productivity, is propelling market growth. Moreover, public awareness of the versatility of laptops in entertainment, business, and personal use is rapidly expanding, significantly contributing to the market's progression.

In line with this, the development of cutting-edge laptop designs and technology is making significant strides in user engagement, as these devices offer greater flexibility and performance, thereby nurturing market growth. The swift integration of new technologies in laptops, such as faster processors, high-resolution displays, and longer battery life, due to their potential to provide seamless user experiences, is boosting market expansion.

Such technologies are bridging the gap between desktop power and mobile convenience, thus enhancing the quality of user engagement and satisfaction. Furthermore, the societal shift towards remote working, digital learning, and on-the-go entertainment is stimulating the growth of the laptop market. Other factors, such as the increasing investment in technology by businesses, a diverse and tech-savvy consumer base, and extensive research and development in computing technology, are driving the growth of the laptop market globally.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Traditional Laptop
• 2-in-1 Laptop
  
  

Breakup by Screen Size:

• Up to 10.9"
• 11" to 12.9"
• 13" to 14.9"
• 15.0" to 16.9"
• More than 17"
  
  

Breakup by Price:

• Upto USD 500
• USD 501 to USD 1000
• USD 1001 to USD 1500
• USD 1501 to USD 2000
• Above USD 2001
  
  

Breakup by End Use:

• Personal
• Business
• Gaming
• Others
  
  

Breakup by Country:

• United States
• Canada
• Mexico
  
  

Who are the key players operating in the industry?

The report covers the major market players including: 

• Acer Inc.
• Apple Inc.
• ASUSTeK Computer Inc.
• Dell Technologies Inc.
• Hewlett-Packard Development Company L.P.
• Lenovo Group Limited
• Microsoft Corporation
• Micro-Star International Co. Ltd.
• Razer Inc.
• Samsung Electronics Co. Ltd.
• Sony Group Corporation
• Xiaomi Inc.
  
  

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
  
  

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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