Tablet PC Market Research, 2031
The global tablet pc market was valued at $70.72 billion in 2021, and is projected to reach $325.15 billion by 2031, growing at a CAGR of 16.7% from 2022 to 2031.
Tablet PC is a wireless personal computer or system with touchscreen interface and the ability to utilize a stylus in some application. It is larger than smartphone or mobile, however smaller than laptop or notebook computer. Tablet PCs are available in a wide range of shape, size, types, and features and it is powered by an operating system (OS) such as iOS, Android, and Windows. Tablet PC (Tablet) can be used for business purposes, entertainment, education, personal, and commercial. Furthermore, Tablet design have also evolved significantly in response to consumer demands with features such as lighter weight, higher screen resolution & size, and enhanced graphics for gaming & video streaming as well as apps or software for bill payments and syncing with other electronics devices for control and monitoring. Furthermore, newly advanced and upgraded version of models are expected to provide lucrative opportunities for the market growth in the upcoming years.
The tablet pc market is segmented into Operating System, Distribution Channel and End User.By operating system, it is bifurcated into Android, iPhone Operating System (iOS), and Windows. On the basis of distribution channel, it is categorized into offline and online. By end user, it is segregated into consumer and commercial. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Depending on operating system, the Android segment dominated the Tablet PC Market Share in 2021, and is expected to continue this trend during the forecast period. Increase in adoption of android-based devices such as India and other country further boom the growth of the market. Android operating systems are accessible in a variety of brands, and it most widely distributed around the world. Furthermore, surge in popularity of Android tablet PC due to its lower pricing, ease of availability, and high compatibility with a variety of devices, further drive the growth of the market. However, the iPhone Operating System (iOS) segment is expected to witness the highest growth in the Tablet PC Market Forecast period. Increased popularity of iPads, due to highly preferred design, which runs only on iOS platform, further boost the growth of the market.
On the basis of end user, the consumer segment captured the largest market share in 2021, and is expected to continue this trend during the forecast period. Increase in adoption of tablet PC for educational and entertainment purpose further drive the growth of this segment. However, the commercial segment is expected to witness highest growth in the upcoming years. Usage of Tablet Computer in commercial area has become more popular as it helps to improve productivity, efficiency, and communication.
Depending on region, Asia-Pacific dominated the Tablet PC Industry in 2021. Mass switching toward work from home (WFH) and online education have propelled the adoption of tablet PC. This mass adoption has led to growth in the tablet PC market in Asia-Pacific. However, North America is expected to exhibit considerable growth during the forecast period. The unparalleled need for new and improved technologies is the key driver for the growth of the market in the North America region. In addition, rise in adoption of iOS based tablet PC in this region and increased affordability among the population further propels the Tablet PC Market Size growth.
Impact of COVID-19 on the Tablet PC market trends
The tablet PC market was valued at $80.83 billion in 2021 and is projected to reach $325.15 billion by 2031, registering a CAGR of 16.7%. The current estimation of 2031 is projected to be higher than pre-COVID-19 estimates. The COVID-19 pandemic has drastically affected businesses across the world. It has positively impacted adoption of tablet PC owing to lockdowns imposed by governments of different countries. This factor creates the adoption of the tablet PC market globally to re-evaluate its conventional production processes, fundamentally driving the digital transformation and industry 4.0 practices across the production lines. The manufacturers are collectively forced to devise and deploy multiple new and agile approaches to monitor product and quality control. Furthermore, the pandemic has created economic turmoil for small, medium, and large-scale industries worldwide. However, industries move toward digitalization with the adoption of advanced solution and services such as cloud computing and Internet of Things (IoT), which create demand for robust and advanced technology to provide agile efficiency. Such possibilities are anticipated to provide lucrative growth opportunities for the Tablet PC market growth during the forecast period. Furthermore, shutdown of school, colleges, or educational institutions due to COVID-19 crisis has boosted the demand for online education. Such needs provide lucrative opportunities for the Tablet PC Industry.
Hence, a greater number of companies are investing in tablet PC to safely manage work process. In addition, with evolving demand for seamless performance and agile efficiency during outbreak, many industries have joined hands to provide better solution. For instance, in July 2021, Microsoft Corporation partnered with the NEC Corporation for long decades to leverage their technologies as well deliver enhanced capabilities to drive sustained digitalization, help customers to transform their business models, and build digital workplaces for the post-pandemic world.
Top Impacting Factors
Factors such as rapid expansion of corporate sectors and increase in demand for Tablet Computer drive the growth of the market. In addition, surge in demand for hybrid devices among population further propels the growth of the market. Furthermore, increase in digitization toward works to enhance business process is expected to provide lucrative growth opportunities for the market in the upcoming year. Moreover, technology developments and enhanced internet connectivity increase the market's lucrative potential. However, commoditization by emerging companies and battery issue & shorter life span limiting the market growth.
Surge in demand for Tablet PC globally due to COVID-19 outbreak
With increase in demand for Tablet PC globally due to COVID-19 outbreak, many companies started manufacturing Tablet PCs with latest technologies and different functionalities. and features. Some Tablets come with different processors and operating system (OS) such as Android ICS which is now gradually being replaced by Android Jelly Bean, some support dual 3G SIM for calling and browsing needs in a single tab. Tablet PC with different features will be hitting the market. Latest technology and innovation are expected to help to bring out a revolution in the features and specifications of the upcoming Tablet PCs. Moreover, 5G technology is expected to provide lucrative opportunities for the market growth. It is getting tremendous response from the people and thus the enhancement in the Tablet technology will definitely create a buzz in the Tablet PC market around the world.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tablet pc market analysis from 2021 to 2031 to identify the prevailing tablet pc 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 make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the tablet pc 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 the analysis of the regional as well as global tablet pc market trends, key players, market segments, application areas, and market growth strategies.
Tablet PC Market Report Highlights
| Aspects | Details |
 By Operating System |
|
 By Distribution Channel |
|
 By End User |
|
 By Region |
|
 Key Market Players | Huawei Technologies, Toshiba Corp., Apple Inc., LG Electronics Inc., Nokia Corporation, Hewlett-Packard Company, Samsung Electronics Co Ltd, Acer Inc., Microsoft Corporation, Lenovo Group |
Analyst Review
Enterprises have witnessed various changes in business processes, operations, and industrial automation. Moreover, organizations are shifting toward digitalization and increase in implementation of Industry 4.0 to cope with ongoing tough business competition. Consumer demand for computing devices such as Tablet PC for delivering effective functionality and portability drives the market growth. In the recent years, there has been a paradigm shift in consumer demand toward tablet PC devices.
Furthermore, due to technological advancements, tablet PC, which were mostly used for entertainment, have gained popularity in a variety of applications, leading to a shift in customer usage habits. It is being used for various purposes, such as education, work, personal, and commercial that further drive the growth of the market during the forecast period.
Furthermore , federal regulations governing the use of tablet PC in educational institute or colleges for study purposes, as well as the rise in usage of hybrid tablet PC in businesses, provide lucrative growth opportunities for the market. For instance, in February 2022, Lenovo launched innovative products including ThinkPad™, ThinkBook™, ThinkVision™, and IdeaPad™ devices that are designed for more connected world. Through this enhancement, Lenovo aimed to offer smarter technology for all consumers around the globe. Such innovations are projected to drive growth of the market.
On the contrary, prominent market players are offering solutions with advanced technology and are actively looking forward to collaborate their technology and solutions with other vendors. For instance, in December, 2019, Intel partnered with MediaTek to develop 5G modem chips for personal computers. Through this partnership, both enterprises are projected to work on 5G solution for deployment in commercial laptop and tablet PCs segments. With this expanded partnership, both enterprises are expected to accelerate their digital transformation with innovative products and drive new levels of insights and innovation.
The tablet PC market was valued at $80.83 billion in 2021 and is projected to reach $325.15 billion by 2031, registering a CAGR of 16.7%.
The development of new devices with advanced features is anticipated to provide lucrative growth opportunities for the tablet PC market during the forecast period.
On the basis of end user, the consumer segment captured the largest market share in 2021.
Depending on region, North America dominated the market in 2021.
The market players operating in the tablet PC market include Apple Inc., Acer Inc., ADLINK, Amazon, Inc., ARBOR Technology, ASUSTek Computer Inc., DAP Technologies, Glacier Computer, Hewlett-Packard (HP), Huawei Technologies, Lenovo Group Ltd., LG Electronics, Inc., Microsoft Corporation, NEXCOM, Nokia Corporation, Samsung Electronics Co. Ltd. and Toshiba Corporation.
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