Hybrid Devices Market Predicted to Witness Steady Growth During the Forecast Period 2023-2030 | LG Corporation, Microsoft Corporation

Hybrid devices refer to computing devices that combine features of personal computers and traditional mobile devices like smartphones and tablets. They typically have the power and functionality of a PC or laptop with touchscreen capabilities and flexibility of a tablet. Common examples include 2-in-1 laptops, detachable tablets, and foldable phones.

Market Dynamics:

The hybrid devices market is expected to witness significant growth due to rising demand for more portable and flexible devices that can seamlessly transition between laptop and tablet modes. Consumers prefer hybrid devices as they offer the best of both worlds - powerful hardware and software capabilities of laptops along with touch-based interaction and flexibility of tablets. In addition, continuous technological advancements have enabled lighter and thinner hybrid designs without compromising performance. Major device manufacturers are focusing on developing innovative form factors like foldable screens to further tap into the demand. The COVID-19 pandemic has also accelerated hybrid device adoption as people increasingly work remotely and prefer versatile computing options.

global hybrid devices market is estimated to be valued at US$ 30,685.00 million in 2021 and is expected to exhibit a CAGR of 17.7 % over the forecast period (2021-2028).

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Hybrid Devices Market Drivers

Rise in Advancements in Electrical Components and Battery Technologies to Encourage Development of Feature-rich Hybrid Devices

The hybrid devices market has witnessed significant advancements in the development of electrical components and enhanced battery technologies in recent years. Manufacturers are focusing on integrating more powerful processors, advanced sensors and improved connectivity into hybrid devices. At the same time, lithium-ion batteries with higher energy densities are allowing hybrid devices to offer extended usage times on a single charge. These advancements are enabling OEMs to design and launch hybrid devices with premium features and functionalities. Several devices are now capable of performing tasks such as 4K video recording, augmented/virtual reality, artificial intelligence and machine learning-based applications. The technological developments in components are driving consumers to upgrade to newer hybrid device models for unlocking advanced capabilities. This rising demand is expected to propel the growth of the global hybrid devices market in the coming years.

Increasing Demand for Convergence Devices with Multifunctional Capabilities

There is a rising demand among consumers for devices that can serve multiple purposes and facilitate quick switching between functionalities. Hybrid devices integrate the merits of different product categories into a single platform, allowing users to leverage a combination of connected computing, communication and portable multimedia experiences. Many hybrid devices available today feature functionality of a smartphone, tablet as well as laptop. Users can conveniently utilize such devices for content consumption, communication, productivity tasks as well as light gaming. Device makers are focusing on enhancing the mobility functionalities of hybrid devices through innovations. The growing demand for convergence devices with consolidated capabilities is driving more consumers as well as businesses to adopt hybrid computing platforms. This rising preference for multifunctional devices is expected to boost the sales prospects of hybrid device manufacturers globally.

Top Key Players:

LG Corporation, Microsoft Corporation, Fujitsu Ltd, Lenovo Group, Toshiba Corporation, ASUSTeK Computer Inc., Dell Inc., Samsung Corporation, Acer Inc., and Hewlett-Packard Development Company

Detailed Segmentation:

Hybrid Devices Market, By Screen Size:
Less than 12 inch (

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