Ultra-Mobile Devices Market Size To Touch USD 261.1 Bn By 2030

Published Date : 20 Jan 2023

The global ultra-mobile devices market size was exhibited at USD 192.96 billion in 2022 and is expected to touch around USD 261.1 billion by 2030, growing at a CAGR of 6.3% during the forecast period from 2022 to 2030.

Tablets, thin and light PCs, and convertibles all fall under the category of ultra-mobiles, which is a term used to describe midsize, light computing devices. 

A gadget known as an ultra-mobile combines the portability of a tablet with the full capabilities of a PC. Devices that fall under the category of ultra-mobility include ultra-mobile phones, computing devices, and tablet PCs such the Apple MacBook Air, Microsoft Surface Pro, Lenovo Yoga 3 Pro, and Google Chromebooks. These gadgets can run full PC operating systems like Windows 7, Windows Vista, Mac, or Windows XP and support 32-bit x86 CPUs. 

These devices are perfect for satisfying changing client demands because they can be used for both personal and professional purposes. The transfer of digital files and audio data between the media and electronic devices is made possible by connecting a computer to a home media system using a digital media adaptor.

Ultra-Mobile Devices Market Report Scope

Report Coverage Details
Market Size in 2022 USD 192.96 Billion
Market Size by 2030 USD 261.1 Billion
Growth Rate from 2022 to 2030 CAGR of 6.3%
Base Year 2022
Forecast Period 2022 to 2030
Segments Covered By Type, By Application
Regions Covered  North America, Europe, Asia-Pacific, Latin America and Middle East & Africa


Report Highlights

On the basis of type, the premium ultra-mobile device segment is the leading segment and is expected to make the largest contribution to the ultra-mobile devices market. This is due to rising living standards, more technology awareness among the populace, and rising disposable income in growing nations like South Korea, Japan, and India. 

Additionally, due to their advancements, government initiatives for the advancement of technology increased awareness of technology, and availability of reasonably priced consumer electronics, Asia-Pacific and LAMEA are anticipating potential growth in premium ultra-mobile device market share during the forecast period. All of these factors present lucrative growth opportunities.

On the basis of application, the highest CAGR is projected for the consumer electronics segment during the forecasted period. Due to population growth and the development of the ultra-mobile device market, the electronics and semiconductors sector segment is heavily dependent on ultra-mobile device systems. 

Additionally, the rise in popularity of consumer electronics products like mobile phones, laptops, tablets, personal computers, satellite television, and radar, as well as the subsequent decline in their prices, contributed to the development of ultra-mobile electronics. Sales of such gadgets in emerging countries will increase as the market becomes more competitive as a result of aggressive 5G rollout and increased adoption of digital payment methods.

Regional Snapshots

North America held dominant position and predicted to be in the dominating state during forecast period. The rapidly expanding local market is being fueled by new technology, declining consumer electronics prices, industrialization, as well as government efforts. Additionally, developing markets offer a sizable pool of potential customers, luring global enterprises. 

Additionally, the Canadian IT and telecom sectors are expanding rapidly, and it is anticipated that the Mexican electronics market will grow quickly. These elements would significantly contribute to the regional ultra-mobile device market's expansion.

Market Dynamics

Drivers

It is anticipated that experience consumption, items as a service, and mobile consumption, on the go would both rise. The function of the point of sale is anticipated to change as more buyers do their research online before making a purchase. Consumers who are price-sensitive, connected, and who review and assess in real-time should expect firms to provide the same level of openness. Mobile-first is anticipated to create opportunities for location-based targeting, providing a global view of cross-platform buying activity that has never before been possible. 

The corporate application for the ultra-mobile device offers its users a high degree of portability and contributes to business growth through improved productivity and the deployment of work-ready applications. Ultra-mobile devices bring integrated technological advancements that benefit the organization both strategically and functionally. To facilitate quick deployment, many firms are implementing ultra-mobile devices, which has a substantial impact on their bottom line. 

The rate of adoption of ultra-mobile devices across a wide spectrum of enterprises is anticipated to be what drives the market. Healthcare area has a well developed and dependable infrastructure. The use and acceptance of cell phones in the field of health care has also grown significantly as ultra-mobile device technology has become more sophisticated and widespread.

Governments all over the world are enticing people to use the internet more regularly as part of their digitization agendas. In the coming years, a sizable portion of the global population will have access to the internet because to growing urbanization and technical improvements. 

The number of young people joining employment is rising, and this trend is being aided by decreasing bandwidth, faster internet, and technical advancements. Mobile devices have integrated themselves into millions of people's daily lives. Hence, these factors are driving the ultra-mobile devices market across globe.

Restraints

Tablets are becoming common in both personal and professional applications in the modern era. However, the materials that make up these gadgets are flimsy and susceptible to harm. The processes for manufacturing, storing, or transporting tablets can all result in flaws. These aesthetic defects may reduce user acceptance and efficacy of the product. 

Even a single fall can cause damage to the body of these gadgets. Additionally, certain technology is water-resistant. The majority of these devices, however, are not waterproof and can be harmed by the insertion of any fluid. These gadgets contain a number of sockets where a short circuit might occur. 

Opportunities

The addition of a function is anticipated to open up significant market opportunities for ultra-mobile devices worldwide. Consumers are more inclined towards new feature and advancements in their gadgets. Hence, the new add on feature will be a growing opportunity to the ultra-mobile devices market. Moreover, the new 5G enabled gadgets are to come in Asian markets, that create opportunity to the players to attract consumers.

Challenges

The less awareness about ultra-mobile devices may hinder the growth of the market. Most of the consumers are lacking in proper knowledge about the devices they are using. They may face security challenges while using any mobile devices. 

The threats associated with these devices are high. Cyber-attacks and many other types of attacks can be happened through technology and lack of knowledge can cause personal data loss to financial loss. Hence, the proper information and knowledge could be important in order to be safe from external threats.   

Recent Developments

The most expensive flagships from Samsung, the Galaxy S22, Galaxy S22 Ultra, and Galaxy S22+, were unveiled in India. The new Galaxy S22 Ultra includes the pro-caliber camera, famous S-Pen, and powerful features of the Note series. Additionally, the S series' improved performance would create new benchmarks for luxury smartphones. 

Major Key Players

  • Apple Inc.
  • HTC Corporation
  • Dell Inc.
  • Sony Corporation
  • Lenovo
  • HP Development Company, L.P.
  • Google Inc.
  • HTC Corporation
  • Microsoft Corporation
  • Samsung Electronics Co., Ltd.

Market Segmentation

By Type

  • Premium Ultra-Mobile Devices
  • Basic Ultra-Mobile Devices
  • Utility Ultra-Mobile Devices

By Application

  • Healthcare
  • Consumer Electronics
  • Telecom & IT
  • Retail
  • BFSI
  • Education
  • Entertainment
  • Others

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