Published Date : 14 Feb 2023
The global hybrid devices market size was evaluated at USD 38.74 billion in 2022 and it is estimated to surpass around USD 154.1 billion by 2030, growing at a CAGR of 18.84% from 2022 to 2030.
Computers made with the functionality of many other devices that have comparable capabilities are referred to as hybrid devices. The most prevalent type of hybrid technology is a device that combines the features of a laptop computer with a tablet computer. They are available in convertible and detachable varieties. The keyboard may be folded, slid, or rotated within or behind the system's chassis to convert convertible hybrid devices into tablets.
The detachable versions can disable their keyboard and function as compact tablet computers (PC). For efficient cloud administration and orchestration, disaster recovery, and hybrid hosting, these devices also have extra accessories, CPUs, sensors, and storage capacity. Therefore, they have a wide range of applications in many different areas, such as education, banking, financial services, and insurance (BFSI), communications, manufacturing, and transportation.
The desire for devices with longer battery lives, the widespread usage of touchscreen technology, and the rapid use of hybrid devices for workplace mobility have all contributed to the market's expansion globally. However, the market's expansion is hampered by hefty weight and a greater price compared to other computer devices. On the other hand, the use of hybrid devices and the usage of wireless display technologies will create new opportunities in the future.
Hybrid Devices Market Report Scope
|Market Size in 2023||USD 46.04 Billion|
|Market Size in 2030||USD 154.1 Billion|
|Growth Rate||CAGR of 18.84%|
|Convertible Segment Revenue Share In 2021||54.00%|
|Largest Market||North America|
|Forecast Period||2022 To 2030|
|Segments Covered||By Type, By Screen Size and By End User|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America and Middle East & Africa|
Due to consumer desire for increased productivity and improved multimedia in the devices, the North American market accounted for almost two-fifths of the worldwide hybrid device business in 2021. Due to the release of Windows 10, the slowdown in tablet sales, and the growing replacement of outdated PCs with new hybrid laptops and PCs, the area is anticipated to maintain its dominance in the next years.
Due to the greater buying power of North America, the market in Asia-Pacific is anticipated to grow at the highest CAGR of 19.7% over the projected period.
The market for hybrid gadgets will be driven by a high demand for electronics with longer battery lives. Currently, some gadgets use atom quad-core CPUs even though hybrid devices have more powerful processors. Atom quad-core CPUs quickly launch widgets and applications without consuming all of the device's battery power. The most recent item on the market has a battery life of up to 8–12.5 hours per charge, and the top flip-screen hybrid devices have also grown extremely powerful.
The market will expand throughout the projected period as hybrid devices become more popular for business mobility. The main goal of a business mobility strategy is to meet the demands of user groups and workers. For business customers, hybrid devices provide great functionality including simple touch input for browsing, reviewing, presenting, and collaborating on files and documents.
These devices also exhibit greater battery life, quicker wake times, integrated security measures, and remote manageability, all of which are perfect for workplace mobility. Additionally, a stylus with pinpoint accuracy is included with many devices. Due to their increased productivity and flexibility in a corporate setting, hybrid devices are being adopted more and more for enterprise mobility.
During the projected period, high costs associated with hybrid devices are anticipated to impede the market growth.
Although hybrid devices may act as both tablets and laptops, their expensive price is preventing their widespread acceptance and hindering productivity. As an illustration, the popular and effective Microsoft Surface Pro 2 hybrid device costs US$ 1,028 for the 64 GB option and US$ 1,128 for the 128 GB variant.
The 11-inch MacBook Air's starting pricing for the 128 GB capacity model is US$ 999. However, there are also several reasonably priced Ultrabook hybrids on the market, like as the Yoga 2 Pro, which has a starting price of US$ 929 and is stuffed with improved capabilities. Therefore, throughout the forecast period, these factors are anticipated to hinder the growth of the worldwide market for hybrid devices.
In the worldwide market for hybrid devices, beaming hybrids to televisions utilizing wireless display technologies may provide attractive development prospects. Users may stream movies, videos, photographs, and music wirelessly from a compatible laptop or PC to a compatible HDTV thanks to Intel's wireless display (WiDi) technology. This innovation may be used to link hybrid gadgets to televisions. Additionally, businesses are embracing wireless display technologies to seamlessly share laptop displays with projectors for conference room presentations.
In the worldwide market for hybrid devices, switching from Windows to Android might present significant economic potential. The ASUS Transformer Book T100, which runs Windows 8 OS, was one of the first hybrid laptops to be released on the market. Since then, hybrid devices have only had Windows operating systems installed and running.
Alternative than Microsoft Windows, there were no other OS options for hybrid devices as of 2014. Comparing Windows 8.1 to other operating systems, such as Google Android and Apple iOS, it was discovered that the apps and the ecosystem as a whole, including its new "Tiles" GUI, were less user-friendly and provided fewer high-quality applications.
Due to their dual functionality, hybrid devices are superior to regular laptops in a number of ways. The global market for hybrid devices, however, is being constrained by the high cost of hybrid devices. For instance, Microsoft's hybrid device may be purchased on the market for $1,128 in the most costly configuration and $ 1,028 for the device with a 64 GB configuration.
Additionally, the MacBook Air from Apple Company has been released, with prices starting at $999 for a 128 GB model. The development of the worldwide market for hybrid devices is thus expected to be constrained by the introduction of expensive hybrid devices.
Additionally, hybrid devices, especially convertible ones, may impede the market's growth because they are heavier than typical tablets. The market development of the hybrid device business may also be hampered by the requirement for several networks, hubs, numerous connections, and pricey circuits.
Major Key Players
By Screen Size
By End User
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