Ultra-Mobile Devices Market Expected to Reach $113.83 Billion by 2030—Allied Market Research

According to a new report published by Allied Market Research, titled, “Ultra-Mobile Devices Market," The ultra-mobile devices market was valued at $45.83 billion in 2020, and is estimated to reach $113.83 billion by 2030, growing at a CAGR of 9.6% from 2021 to 2030.

Ultra-mobile device (UMD) is a midsize and lightweight computing devices that supports various applications ranging from education to business. UMDs support higher productivity, improved battery life, full-scale functionality, extended portability, and reduced bulk. These features make them highly compatible with business professionals and propel their adoption in consumer electronics sector.
On the basis of type, the premium UMD segment dominated the overall ultra-mobile device industry in 2020 and is expected to continue this trend throughout the forecast period. This is attributed to rise in standards of living, technology awareness among people, and increase in disposable income in the country. In addition, Asia-Pacific and LAMEA are anticipating potential growth in premium Ultra Mobile Phones during forecast period as a result of their developments, government initiatives, increase in awareness about technology, and cost-effective consumer electronics, all of which provide lucrative growth opportunities. However, the utility-mobile device segment is expected to witness significant growth in the upcoming years. This is attributed to rise in market for ultra-mobile devices, growth in cognitive intelligence applications, prediction, and analytical software; increase in use of mobile phones & applications; and rise in concern for system. 

By Industry vertical, the consumer electronics sector segment held the largest Ultra Mobile Devices Market Share in 2020 and is expected to continue this trend during the forecast period. The electronics and semiconductors sector segment is highly dependent on ultra-mobile device systems, owing to increase in population and evolution of ultra-mobile device market. In addition, surge in use of consumer electronics devices, such as mobile devices, laptops, tablets, personal computers, satellites, television, and radar along with falling prices of these devices, facilitated the growth of ultra-mobile devices in the consumer electronic sector. However, the IT & telecom segment is expected to witness the highest growth in the upcoming years. This is due to the rapid increase in adoption of advanced ultra-mobile device systems. IT & telecom organization deploy ultra-mobile device systems in their operations for different functionalities such as monitoring systems and security. In addition, major IT & Telecom players are inclined toward investing in technology advancement to develop telecom systems that are more network-savvy, safer, and energy-efficient, which is expected to provide lucrative growth opportunities for the IT & telecom sector.

COVID-19 Impact on Ultra-Mobile Device Market

The COVID-19 pandemic drastically affected businesses across the globe. Most of public had forced to stay at home due to lockdowns imposed by governments of different countries. Lots of people and organization along with educational institute adopt work from home policy. Online classes amid the ongoing Covid-19 pandemic has boosted the import of mobile phones in globe As online teaching is continuing, demand for smartphones has grown substantially in the emerging countries, leading to a growing manufacturing of mobile devices during the COVID-19 Pandemic. This situation also seen in the corporate sector. For tackling this situation various industry verticals focusing on advanced technology such as augmented reality and virtual reality, and IoT across industries to perform various operations. For instance, in July 2021, in emerging countries such as India  the average selling price or ASP for smartphones to the highest ever $226 in July-August, up 19% from the same period last year. Also the launching of high speed network technology such as 5G network were rolled out during COVID-19 Pandemic which will also boost the demand for ultra-mobile device in the Market. The demand for ultra-mobile device systems for industrial is projected to increase, which is anticipated to accelerate the Ultra Mobile Devices Industry growth.

KEY FINDINGS OF THE STUDY
•    Depending on type, the premium ultra-mobile segment dominated the ultra-mobile device market in 2020. However, the utility ultra-mobile segment is expected to exhibit significant growth during the Ultra Mobile Devices Market Forecast period.
•    By industry vertical, the consumer electronic sector segment accounted for the highest revenue of market in 2020. However, the IT & telecommunication sector segment is expected to witness the highest growth rate during the forecast period.
•    Region wise, the Ultra Mobile Devices Market Size was dominated by North America in 2020. However, Asia-Pacific is expected to witness significant growth in the coming years. 

This report gives an in-depth profile of some key market players in the ultra-mobile device market, which includes Google, HTC Corporation, Microsoft Corporation, Apple Inc., Lenovo, Samsung, Sony Corporation, HP Development Company, L.P., Dell, and ASUSTeK Computer Inc. This study includes Ultra Mobile Devices Industry trends, Ultra Mobile Devices Market analysis, and future estimates to determine the future investment pockets.