Global Laptop Market Grows Steadily at a CAGR of 4.10%

Introduction

A laptop is a small, portable personal computer that may be used in various scenarios. Since most laptops are designed to perform a desktop computer's tasks, they often have the same software and file access capabilities. However, laptop prices are typically higher than those of comparable desktop machines. Due to rising disposable incomes, an ever-growing internet infrastructure, and consumers' taste for high-tech laptops in terms of system performance and design, the laptop market is constantly growing.

Market Dynamics

Launch of Latest Laptop Models Drives the Global Market

Laptops are frequently utilized in work, leisure, entertainment, and educational settings. The demand for laptops will increase gradually and steadily over the coming years. This surge is attributed to increased replacement sales as well as the availability of fresh, modern models. High-end laptops specifically made for gaming applications are also growing in popularity due to the availability of models with solid processing and computational capabilities. The rise in internet usage has positively impacted the growth of the gaming industry.

According to Microsoft Corporation, there are more than 2 billion serious players worldwide. Gamers playing for more than 18 months are twice as likely to utilize a laptop than any other device. Manufacturers like Dell, Inc. created gaming-specific laptops like the Alienware 17. Additionally, it is predicted that the advancement of virtual reality headsets and their applications in gaming will increase consumer demand for high-end laptops throughout the projection period.

Rising Adoption of Technology in the Education System Creates Tremendous Opportunities

Artificial intelligence (AI), personalized learning, and bring-your-own-device (BYOD) are emerging ideas that have changed how people teach, learn, and administer assessments. These technologies are changing the educational landscape through immersive learning opportunities, more participatory learning, and enhanced visual and technological potential.

Using smart interactive technologies like smartboards and brilliant desks helps children learn. These technological innovations rethink the learning and teaching environments using computers as a medium through visual presentations and analytical methodologies. Additionally, teachers are now using laptops in their classrooms due to the growing significance of interactive projection systems. As a result, the ongoing advancements in digital learning may give the dwindling global sales of laptops a much-needed lift.

Regional Analysis 

Asia-Pacific is the most significant shareholder in the global laptop market and is expected to grow at a CAGR of 5.90% during the forecast period. Sales of the device are expected to rise in the Asia Pacific at the highest CAGR during the projected period. This industry is predicted to benefit from government attempts to cut import duties on spare parts. Additionally, it is anticipated that increased foreign direct investments in retail and e-commerce, as well as government initiatives like Make in India, Made in China 2025, and Digital India, will boost laptop sales in the region.

Europe is the most significant revenue contributor and is expected to grow at a CAGR of 5.80% during the forecast period. The region's market is expanding due to rising mergers between well-known companies, elite universities and corporations, and high disposable income.

Key Highlights

• The global laptop market was valued at USD 163.50 million in 2021. It is projected to reach USD 234.04 million by 2030, growing at a CAGR of 4.10% during the forecast period (2022-2030).
• Based on laptop types, the global laptop market is bifurcated into traditional laptops and 2-in-1 laptops. The traditional laptop segment is the highest contributor to the market and is expected to grow at a CAGR of 1.50% during the forecast period.
• Based on screen size, the global laptop market is bifurcated into up to 10.9", 11" to 12.9", 13" to 14.9", 15.0" to 16.9", and more than 17”. The 15.0" to 16.9" segment owns the highest market share and is expected to grow at a CAGR of 3.90% during the forecast period.
• Based on price, the global laptop market is bifurcated into USD 500, USD 501 to USD 1000, USD 1001 to USD 1500, USD 1501 to USD 2000, and above USD 2001. The USD 501 to USD 1000 segment is the highest contributor to the market and is expected to grow at a CAGR of 2.90% during the forecast period.
• Based on application, the global laptop market is bifurcated into personal, business, and gaming. The business segment owns the highest market share and is expected to grow at a CAGR of 3.05% during the forecast period.
• Asia-Pacific is the most significant shareholder in the global laptop market and is expected to grow at a CAGR of 5.90% during the forecast period.

Competitive Players

1. Acer Incorporated
2. ASUSTeK Computer Inc.
3. HP Inc.
4. Apple Inc.
5. Micro-Star Int’l Co.LTD.
6. Lenovo Group Limited
7. Sony Group Corporation
8. Samsung Electronics Co.LTD.
9. Dell Technologies Inc.

Recent Developments

Recent Developments

• May 2024 - In India, Dell Technologies unveiled the Alienware x16 R2, a new gaming laptop equipped with the newest Intel Core Ultra processor. At a starting price of Rs 286,990, the new laptop will be sold starting on April 25 at Dell Exclusive Stores (DES), Dell.com, Amazon .in, bigger format retail stores, and multi-brand outlets.
• March 2024 - The powerful M3 chip-equipped 13- and 15-inch MacBook Air was unveiled by Apple. With even more power, faster Wi-Fi, and compatibility for up to two external monitors, the most popular laptop in the world is now better than ever. Its remarkably light and thin design now offers up to 18 hours of battery life.

Segmentation

1. By Type
   1. Traditional Laptop
   2. 2-in-1 Laptop
   3. Gaming Laptops
2. By Operating System
   1. Windows
   2. macOS
   3. Chrome OS
   4. Linux
3. By Screen Size
   1. Up to 10.9”
   2. 11” to 12.9”
   3. 13” to 14.9”
   4. 15.0” to 16.9”
   5. More than 17”
4. By Price
   1. Up to USD 500
   2. USD 501 to USD 1000
   3. USD 1001 to USD 1500
   4. USD 1501 to USD 2000
   5. Above USD 2001
5. By Applications
   1. Personal
   2. Business
   3. Gaming