The global notebook market will be worth just over US$100 billion in 6 years
The latest analysis of laptop-market data by Grand View Research shows that this area is likely to continue to do well into the next decade. It is projected to be worth approximately US$109 billion by 2025, and will have to grow at an annual compound rate (or CAGR) of just 0.4% to get there.
According to this report, the overall notebook market will be increasingly driven by the 2-in-1 product category until the middle of the next decade. Their innovative features and modes will apparently draw customers to them, allowing this segment to grow at the highest CAGR over the next 6 years.
However, the 13-14.9 inch screen category is also projected to do well; it may attain a CAGR of 0.5% in the same time-frame. Asia/Pacific is also estimated to build the highest regional CAGR, due to official concessions that result in the manufacture of cost-effective, yet powerful, notebooks in these areas.
Grand View Research assessed data collected since 2014 to make these new predictions. It reportedly shows that machines worth between US$501 and $1000 were associated with a significant share of the overall laptop market. In addition, rapidly-growing demand for gameplay in VR/AR and online among both young and professional consumers has bolstered its gaming sector.