Hybrid Devices Market

Hybrid Devices Market Research, 2030

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.

The growing demand for efficient, user-friendly, agile, and scalable computing solutions, as well as better company mobility has boosted the market's prospects during the pandemic. As the work-from-home paradigm has become more popular, there is a growing demand for hybrid devices for browsing, examining, and displaying files and data across enterprises, which is driving the market growth.

Over the years, desktops and laptops were given utmost importance, owing to presentation of information and other generic functions that they perform. However, technological developments in functionalities and mobility of computers have led to a shift from traditional to hybrid devices among end users. Hybrid devices associate the productivity and functionalities of a laptop with the similar functionality of a tablet in a single device. These devices are differentiated into convertible and detachable hybrid devices.

Major growth drivers of the hybrid devices market size include high demand for devices with longer battery life, an increase in acceptance of hybrid devices for enterprise mobility, and the use of touchscreen technology.

Segment Review

The hybrid devices market is segmented on the basis of type, screen size, end user, and region. Depending on the type, the market is divided into convertible hybrid devices and detachable hybrid devices. On the basis of screen size, it is divided into less than 12 inches, 12–15 inches, and greater than 15 inches. On the basis of end-user, it is divided into personal use, IT & telecom, educational institution, healthcare, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In 2020, on the basis of type, the detachable hybrid devices segment dominated the hybrid devices market share, and is expected to maintain its dominance in the upcoming years. In the current scenario, detachable hybrid devices are manufactured with detachable hinges, adjustable stands, and a design best-suited for higher productivity and portability. Currently, Lenovo, a leading provider of PCs globally, devised a new hybrid devices market trends in detachable devices. The Lenovo Yoga Tab 3 Pro has a hinge with a central hole for hanging the device on a wall. Moreover, it also has a tilt mode for easier typing and for projecting the device through its built-in projector. For instance, in January 2022, Acer launched new chromebooks-314,315, and 513 designed for consumers that need a secure, easy-to-use, and affordable device for productivity, entertainment, and communication.

On the basis of screen size, the 12-15 inches segment dominated the hybrid devices market growth in 2020, and is expected to maintain its dominance in the upcoming years. This is because of the industry players are focused towards implementation 12-15 inches screen devices in the market as it is the largest segment and is sold universally. However, the less than 12 inches segment is expected to witness the highest growth rate during the forecast period, as it is attributed to factors such as increase in devices with lower screen size for the users who are looking to keep the devices in conjusted places.

North America is a rapidly growing region in the global hybrid devices industry, in terms of technological advancements and adoption. It possesses a well-equipped infrastructure and the ability to afford hybrid device solutions. Furthermore, the higher purchasing power of North Americans has been the major growth potential for the hybrid devices market in the region. The devices in the premium and ultra-premium range have immense opportunities in the region.

However, Asia-Pacific is expected to be the fastest-growing regional segment during the forecast period, with the highest CAGR. Leading players are focusing on Asia-Pacific to increase their business as the region is expected to witness high growth in the deployment of hybrid devices. Moreover, consumers in Asia-Pacific demand higher productivity and enhanced multimedia in their devices. Hence, hybrid devices are highly adopted by people in this region, owing to the productivity and entertainment demands. One of the major growth propellers for hybrid devices industry in the region include increase in number of internet users.

COVID-19 impact analysis

The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. The IT sector has flourished as the individuals are shifting towards the digital solutions. Moreover, the escalating demand for effective, user-friendly, agile, and scalable computing solutions and improved business mobility is creating a positive outlook for the market during pandemic. The rising adoption of the work-from-home model has led to the emerging need for computing devices for browsing, examining, and presenting files and data across organizations, which is contributing to the market growth.

Top impacting factors   

High demand for devices with longer battery life

In the current scenario, while hybrid devices have more powerful processors, some devices employ atom quad-core processors. Atom quad-core processors instantly launch apps and widgets without exhausting the battery life of the device. Moreover, the best flip-screen hybrid devices have become unusually powerful, with the latest device in the market offering a battery life of up to 8–12.5 hours per charge.                                                                                                     

A rise in acceptance of hybrid devices for enterprise mobility

An enterprise mobility strategy is all about addressing the needs of employees and user groups. Hybrid devices provide exceptional features for business users such as effortless touch input for browsing, reviewing, presenting, and collaborating files and documents. Moreover, these devices portray longer battery life, faster wake times, built-in security features, and remote manageability that are ideal for enterprise mobility. In addition, many devices come with a stylus with pinpoint precision. Hence, there is increasing adoption of hybrid devices for enterprise mobility, owing to the productivity and flexibility level that they offer in a business environment.

The hybrid devices market is segmented into Type, Screen Size, and End User.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hybrid devices market analysis from 2020 to 2030 to identify the prevailing hybrid devices market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the hybrid devices market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes an analysis of the regional as well as global hybrid devices market trends, key players, market segments, application areas, and market growth strategies.

 Hybrid Devices Market Report Highlights