Ultra-mobile Devices (UMD) Market: Snapshot
Ultra-mobile devices market is primed to see solid growth in the upcoming years as these products become more and more mainstream. The market will also benefit from the unveiling of cutting-edge products every now and then by established companies. Their light-weight and sleek features are already stoking their popularity.
The global ultra-mobile devices market is also benefitting from the rising enterprise mobility allowing employees to work on-the-go. Besides, a growing crop of tech savvy people wanting to play, shop, transact and work on the fly is also positively impacting the market. In addition, the thrust on incorporation of basic ultra-mobile devices such as tablets and chrome books in academic applications, especially in developed nations of Canada, the U.S., and Sweden is also helping the market.
Serving to crimp demand, on the flipside, is the steep prices of ultra-mobile devices, particularly those in the premium category. Despite it, however, their market is expected to rise at a steady 6.1% CAGR from 2017 to 2025 to become worth US$267.37 bn by 2025 from US$157.10 bn in 2016.
Rising Demand from Enterprises Propels Sales of Premium Ultra-mobile Devices
Ultra-mobile devices can be broadly classified into premium, basic, and utility. Of them, the segment of premium ultra-mobile devices account for maximum share in revenue. This is because of their rising adoption at the enterprise level and the soaring popularity of 2-in-1 or hybrid devices in premium category. The segment is expected to grow at a CAGR of 6.7% over the course of the forecast period between 2017 and 2025.
Depending upon the ultra-mobile device type, the market can be segmented into tablets, laptops, convertibles, and detachable. Among them, the convertible ultra-mobile devices contribute the most to the market. In 2016, they held a leading share of about 28%. In the years ahead too, the segment is predicted to expand its leading share by growing at a healthy clip. Tablets trail convertible devices in terms of contribution to market share. This segment too is expected to clock a healthy growth rate in the upcoming years.
Considerable Thrust on Development of Ultra-mobile Devices Makes North America Market Leader
From a geographical standpoint, North America dominates the global ultra-mobile device market with maximum share. This is because ultra-mobile devices have been in research and development stage in North American countries, particularly in the U.S., since early 1990. This has resulted in their considerable sales in the region. The North America market is expected to remain dominant by growing its revenue contribution to US$86.1 bn by 2025 by expanding at a CAGR of 5.7% from 2017 to 2025.
Europe trails North America in the global ultra-mobile device market in terms of share in revenue. The demand in the region is being stoked primarily by the rapid technological evolution in cloud connected devices and program. The market in Europe is anticipated to gross a revenue to the tune of US$71.1 bn by 2025 from US$42.5 bn in 2016. Vis-à-vis growth rate, however, Asia Pacific is projected to steal the show with a CAGR of 7.0% during the forecast period. Enormous growth in IT and telecommunication sectors, among others, particularly in the countries of China and India is predicted to majorly fuel the global ultra-mobile device market.
Apple, Inc., ASUSTeK Computer Inc., Dell, Inc., Google Inc., Hewlett-Packard Company, HTC Corporation, Lenovo Group Ltd., Microsoft Corporation, Samsung Electronics Co., Ltd., and Sony Corporation are to name a few prominent players in the global ultra-mobile devices market.
Global Ultra-mobile Devices (UMD) Market: Overview
This report provides an analysis of the global ultra-mobile devices market for the period from 2015 to 2025, wherein the period from 2017 to 2025 comprises the forecast period and 2016 is the base year. Data for 2015 is provided as historical information. The report covers all the major trends and technologies playing a major role in the growth of the ultra-mobile devices market over the forecast period. It also highlights various drivers, restraints, and opportunities that are expected to influence the market’s growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue in US$ Billion and in terms of volume in million units across different geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa and South America.
Global ultra-mobile devices market is experiencing growth owing to the factors such as growing demand for gadgets with extended portability and improved accessibility. With advancements in technology, the demand for sophisticated devices to match with improved lifestyle has also increased to a significant level. Along with offering, advanced computational features and portability, the ultra-mobile devices also delivers an elegant user experience through hardware designs and integrated ergonomics. As a result of these factors, the market for premium category ultra-mobile devices is a largest share contributor towards the global market.
Moreover, the basic ultra-mobile devices offer a cost efficient solution for basic computation and entertainment requirements and thus, these devices are the major contributors in terms of volume towards the global ultra-mobile devices market. In addition, increasing disposable income of major population in developing countries such as India, China, Brazil and South Africa is supporting the growth of ultra-mobile devices market in Asia Pacific and Middle East and Africa regions.
The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. The report also provides the value chain analysis and key market indicators for the ultra-mobile devices market. The ultra-mobile devices market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the market growth.
Global Ultra Mobile Devices (UMD) Market: Segmentation
Ultra-mobile devices market is segmented by type, device type, industry vertical and region. By type, the ultra-mobile market is categorized into premium, basic and utility devices. On the basis of device type, ultra-mobile devices market is segmented into tablets, laptops, convertibles and detachable ultra-mobile devices. Based on industry vertical, ultra-mobile devices market is segmented into IT and telecommunication, retail, healthcare, education, consumer electronics, and others. Among these, IT and telecommunication, and consumer electronics are the key industries supplementing the growth of cyber security market.
Global Ultra Mobile Devices (UMD) Market: Competitive Analysis
The report also includes competitive profiling of the key players associated with the ultra-mobile devices market around the globe. The important business strategies adopted by them, their market positioning, financials, SWOT analysis, and recent developments have also been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.
Rising demand for cloud connectivity, portable devices and on-the-go usage is forcing companies to develop advanced and more compact products to meet the demands of the market. Some of the major players in the global ultra-mobile devices market are: Apple, Inc., ASUSTeK Computer Inc., Dell, Inc., Google Inc., Hewlett-Packard Company, HTC Corporation, Lenovo Group Ltd., Microsoft Corporation, Samsung Electronics Co., Ltd., and Sony Corporation.
The global ultra-mobile devices market has been segmented into:
Global Ultra-mobile Devices Market, by Type
Global Ultra-mobile Devices Market, by Device Type
Global Ultra-mobile Devices Market, by Industry Vertical
- IT and Telecommunication
- Consumer Electronica
Global Ultra-mobile Devices Market, by Geography:
- North America
- Asia Pacific
- Middle east and Africa
- South America