Global Tablet Market

Tablet Market Size, Share, Growth Analysis, By Type(Detachable tablet, Slate tablet, and Others), By Operating System(Android, iOS, Windows, and Others), By Screen Size(Below 8, 8), By End User(Consumer, Commercial), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25E2124 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 90 | Figures: 76

Tablet Market Insights

Tablet Market size was valued at USD 8281.95 million in 2019 and is poised to grow from USD 9001.9 million in 2023 to USD 17545.69 million by 2031, growing at a CAGR of 8.7% in the forecast period (2024-2031).

A tablet is a portable device with a touchscreen that is smaller in size and has a variety of software programmes. They make advantage of wireless internet and local area networks. Hybrid, slate, detachable, and rugged tablets are some of the most prevalent types of tablets. These tablets come in a variety of display sizes and storage capacities.

One of the primary factors fuelling the growth of the tablet industry is the increase in demand for hybrid laptops among the global population. The increased need for tablets in healthcare, education, entertainment, and other areas, as well as the availability of various tablets with several characteristics such as miniaturisation, longer battery life, and gesture recognition to meet customer preferences, are driving tablets market expansion. The increased use of tablets as GPS navigation devices to provide the same functionality as a standard computer, followed by quick navigation via touch screen or stylus in comparison to a mouse or keyboard, and an increase in popularity due to the ease of use and high-performance speed of tablets, all have an impact on the market.

US Tablet Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Tablet Market size was valued at USD 8281.95 million in 2019 and is poised to grow from USD 9001.9 million in 2023 to USD 17545.69 million by 2031, growing at a CAGR of 8.7% in the forecast period (2024-2031).

According to our research, larger display sizes can be appealing to companies, although smartphones with screens larger than 6-inches are expensive. In the absence of a PC, consumers in India's Tier II and Tier III cities use their phones to watch movies and videos. Catering to this customer niche can provide vendors with new prospects; nevertheless, merchants should bear in mind that this population is particularly cost-conscious. Because of the reduced profit margins, vendors will have to rely on a high-volume approach in order to make significant profits. 'Apple Inc.', 'Samsung Electronics Co., Ltd.', 'Huawei Technologies Co., Ltd.', 'Amazon.com, Inc.', 'Lenovo Group Limited', 'Microsoft Corporation', 'ASUS Computer International', 'Acer Inc.', 'Dell Technologies Inc.', 'HP Inc.', 'Xiaomi Corporation', 'TCL Communication Technology Holdings Limited', 'Sony Corporation', 'LG Electronics Inc.', 'Barnes & Noble, Inc.', 'Fujitsu Limited', 'Panasonic Corporation', 'Google LLC', 'Toshiba Corporation', 'Alcatel-Lucent S.A.'

Many countries now spend the majority of their defence money on smart gadgets that are ready to use in tough settings. Rugged tablets are in great demand in the military sector because they are resistant to vibrations, temperature fluctuations, shocks, water resistance, and other factors. Several countries' defence sectors are collaborating with commercial businesses that make rugged tablets and gadgets. Companies specialise in producing tough gadgets for various countries' defence sectors. These are the major drivers driving the worldwide rugged tablet market.

In recent years, there has been a paradigm change in customer demand towards tablet devices. Tablets were first utilised for entertainment reasons, but as technology advanced, they gained appeal in a number of applications, altering consumer usage habits. Tablets are being utilised for a variety of purposes in a variety of industries, including education, business, personal, and commercial. Furthermore, tablet designs have evolved significantly in response to consumer demand, with features such as lightweight devices and improved screen resolution and size, augmented graphics for gaming and video streaming, and apps to enable bill payment or syncing with other electronic devices for control and monitoring. Furthermore, the introduction of new upgraded models with profitable features is likely to fuel the worldwide tablet market growth throughout the forecast period.

The Asia Pacific worldwide market produced the most revenue in 2022 and is expected to have the highest CAGR in the global tablets market during the forecast period. The area's tablet market trend is projected to be driven by increased cooperation between major companies and distributors in the Asia Pacific region. Furthermore, developing countries such as India and China are always seeking to improve their defence industry, with efficient digital gadgets for quick communications and operations.

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Global Tablet Market

Report ID: SQMIG25E2124

$5,300
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