Latest News- Laptop Market: Business is expected to lead the End-user segment during 2025-2029

The Laptop Market is being driven by Growth of corporate sector

The Laptop Market is expected to grow at a CAGR of 2.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 20.5 billion. The laptop market is witnessing a surge in strategic partnerships among key industry players, including semiconductor component manufacturers, technology platform providers, software developers, and distributors. Such collaborations enable vendors to broaden their product offerings and geographical reach, thereby enhancing their market share. For instance, in September 2024, Asus unveiled the Vivobook S 15 and ProArt PZ13 laptops as part of its Copilot+ PC series, in collaboration with Qualcomm Technologies. These laptops are among the first to incorporate the new Snapdragon X Plus 8-core processor. Similarly, in May 2024, HP introduced new AI PCs and laptops, powered by Qualcomm's Snapdragon X Elite chipset, marking another significant strategic partnership aimed at catering to the needs of working professionals and content creators. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user

  • Business
  • Personal
  • Gaming

• Type

  • Traditional laptop
  • 2-in-1 laptop

• Screen Size

  • Up to 10.9"
  • 11" to 12.9"
  • 13" to 14.9"
  • 15.0" to 16.9"
  • More than 17"
  • Up to 10.9"
  • 11" to 12.9"
  • 13" to 14.9"
  • 15.0" to 16.9"
  • More than 17"

• Price

  • Up to USD 500
  • USD 501 to USD 1000
  • USD 1001 to USD 1500
  • USD 1501 to USD 2000
  • Above USD 2001
  • Up to USD 500
  • USD 501 to USD 1000
  • USD 1001 to USD 1500
  • USD 1501 to USD 2000
  • Above USD 2001

• Geography

  • North America

    • Canada
    • US

  • Europe

    • Germany
    • UK
    • France
    • Italy

  • APAC

    • China
    • India
    • Japan

  • South America

    • Brazil

  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of corporate sector
• Increasing application of laptops in educational institutions
• Increasing demand for 2-in-1 laptops

However, the market also witnesses some limitations, which are as follows:

• Increasing capabilities of smartphones and tablets
• Impact of trade war between US and China
• Availability of refurbished and counterfeit products

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Market Scope in Laptop Market Research Report

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Research Analysis Overview

The laptop market is influenced by various factors including processor performance for smooth multitasking, graphics processing for immersive visual experiences, display quality for vibrant colors and sharp images, battery longevity for uninterrupted use, connectivity options for seamless communication, operating system compatibility for software optimization, security protocols for data protection, thermal management for efficient cooling, user experience for ease of use, design aesthetics for visual appeal, product lifecycle and roadmap for innovation, industry standards for quality assurance, future trends like AI, VR, AR, and technological advancements. Customer demographics, buying behavior, usage patterns, brand loyalty, price sensitivity, product differentiation, sales channels, service packages, cloud-based solutions, data analytics, big data, machine learning, deep learning, data privacy, energy efficiency, and marketing strategies also play significant roles in shaping the market.

Market Research Overview

The laptop market, a segment of the global technology hardware, storage, and peripherals industry, encompasses gaming laptops, business laptops, 2-in-1 laptops, and convertible laptops. According to Technavio, this market is a significant contributor to the larger global technology hardware, storage, and peripherals market, which includes manufacturers of cellular phones, personal computers, servers, and peripherals. The market size is determined by the revenue generated from the sales of these hardware devices and components. Key growth drivers for the global technology hardware, storage, and peripherals market include the increasing volume, velocity, veracity, and variety (4Vs) of data, leading to a heightened demand for data storage solutions, particularly in the context of expanding data centers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/