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Hybrid Devices Market is Expected to Surpass US$ 96,073.98 Mn by 2028

Hybrid Devices Market is Expected to Surpass US$ 96,073.98 Mn by 2028 - Coherent Market Insights

Publish In: Jan 20, 2022

Hybrid devices are manufactured by combining productivity, flexibility, and portability of touch interface and keyboard in a single device. Hybrid devices are built to withstand any damage or impact from intense movement or accidental dropping. Moreover, hybrid devices are designed to achieve improved or additional tablet functionality through the use of keyboards in order to meet consumer business and media-consumption needs.

Market Statistics:

The global hybrid devices market is expected to surpass US$ 96,073.98 Mn in terms of value by the end of 2028.

Market Driver

Increasing adoption of hybrid devices for enterprise mobility is expected to boost the global hybrid devices market growth over the forecast period

Mobility plays a crucial role in delivering quality when it comes to customer service. Nowadays, this is achieved by offering employees with devices capable of mobility, resulting in a significant shift towards tablets, smartphones, and phablets. These devices are equipped with service management or device management applications and have executed well in fulfilling the demands of many experts and workers. Hybrid devices are equipped to run the whole range of tablet applications, office programs, and Adobe’s Creative Cloud while maintaining a lightweight design. True to form, some hybrid devices can be detached from their keyboards and instantly switch into a tablet UI from laptops, on its own serving the customer in a better way. Hence, these factors are expected to boost the global hybrid devices market growth over the forecast period.

Market Opportunity

Addition of extra battery can provide major business opportunities in the global hybrid devices market

Hybrid devices equipped with an extra battery present at dock increase the battery life of the device. This results in enhancing its market, as it tends to provide dual functionality with improved battery life in comparison with tablets PCs and laptops. Moreover, the use of magnetic hinges instead of metallic hinges to connect the devices in detachable hybrid devices is key developments as it lets effortlessly reorient the hybrid laptop in different orientations and angles.

Global Hybrid Devices Market: Recent Developments

In April 2021, Dell, a US based consumer electronics company launched Dell Latitude 7320 Detachable Launched, a 2-in-1 Laptop with Thunderbolt 4 Ports.

In October 2021, Acer Inc., a Taiwan based computer hardware company antimicrobial’ laptop, tablet and 2-in-1 convertible

Market Restraint

Cramped keyboards with key buttons such as space bars and backspace are expected to hamper the global hybrid devices market growth over the forecast period

Generally, the keyboards on hybrid laptops are not as good and comfortable as those on conventional laptops, especially the detachable hybrid devices. These keyboards are cramped and congested, with key buttons such as backspace, enter, and space reduced in size. For instance, while the MacBook Air’s keyboard layout is 10.75 inches across, the Surface Pro 3’s measures only 10.25 inches. Moreover, the Surface’s touchpad measures 3.5 x 1.7 inches, versus 4.1 x 2.5 inches for the 11-inch MacBook Air. Hence, these factors are expected to hamper the global hybrid devices market growth over the forecast period.

To know the latest trends and insights prevalent in this market, click the link below:

Global Hybrid Devices Market - Impact of Coronavirus (Covid-19) Pandemic

The Covid-19 outbreak has had an adverse impact on various industries around the globe. Due to the strict rules and regulations undertaken by government to curb the spread of the infection, companies are looking to function remotely. Moreover, various companies are looking to implement strict measures to operate at minimum risks. Additionally, various companies had shutdowns their manufacturing units which had an adverse impact on hybrid devices market.

Key Takeaways:

  • The global hybrid devices market was valued at US$ 28,862.3 Mn in 2020 and is forecast to reach a value of US$ 96,073.9 Mn by 2028 at a CAGR of 17.7% between 2021 and 2028.
  • The Detachable segment was valued US$ 19,111.2 Mn in 2020 and is expected to witness a CAGR of 21.4% over the forecast period. This is owing to increased demand of detachable device for personal use.

Market Trends

  1. North America Trends

Demand for hybrid devices in North America is driven by various factors, some of which include, the slowdown in the tablet market, the replacement of older PCs by hybrid devices, and the launch of Windows 10. It is also supported by the greater accessibility of affordable 2-in-1 hybrid laptops, touch-based laptops, and price drops of slim and lightweight laptops. Moreover, increasing usage of portable devices such as cell phones, tablets, and laptops to access healthcare services across the region have contributed to the region’s high adoption of hybrid devices.

  1. Asia Pacific Trends

Growing economy and large demand for enterprise mobility in countries such as China and India, coupled with improving consumer demand and increases in the number of public projects are projected to be the major factors driving the growth of utilization of hybrid devices in the region. Moreover, hybrid device market progress has been fueled by low-priced systems, including the growth of Chromebooks and promotion of Windows 10 and Intel's Skylake processors. Technological advancements in emerging markets such as India and China have led to rising demand for hybrid devices in the Asia Pacific. Furthermore, increased disposable income, along with changing consumer preferences is expected to boost the market growth in Asia Pacific.

Competitive Section

Major companies involved in the global hybrid devices market are LG Corporation, Microsoft Corporation, Fujitsu Ltd, Lenovo Group, Toshiba Corporation, ASUSTeK Computer Inc., Dell Inc., Samsung Corporation, Acer Inc., and Hewlett-Packard Development Company.

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