Global Portable Electronics Market is anticipated to grow at a significant CAGR in upcoming years. Portable electronics is widely used in the healthcare industry which is mainly deployed for monitoring, operating and managing medical conditions. Technically, due to the presence of microprocessors manufactured devices have been more portable, light in weight and compact. Application of portable electronics includes heart monitors, pulse oximeters, blood pressure monitors, ultrasound and medical imaging. Ultrasound technique is one of the best innovation techniques under portable electronics in the medical domain.
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Commercial driving factors responsible for the growth of portable electronics market include rise in aging population and growth in healthcare benefits are certain factors bolstering the market growth. Rise in technological advancement is likely to influence the price of medical devices resulting in mass production of portable electronic devices. However, the market growth is likely to get affected due to security and connectivity concerns in the forthcoming period.
Based on segmentation by product, the portable electronics industry includes mobile handsets, personal digital assistant (PDA), notebook/laptop, media players, digital camera, gaming consoles, power banks, flash drives and healthcare devices. Based on segmentation by end-user, the portable electronics market includes commercial, industrial, medical and residential.
Geographically, portable electronics market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. APAC market dominates the global market owing to mass production of portable electronics. Also, the heavy presence of consumer base in APAC regions is likely to add to the growth of portable electronics market. North America and Europe market is likely to gain a positive traction in the forthcoming period. MEA regions are however expected to gain a moderate CAGR growth in the forthcoming period.
The key players in the portable electronics market include Nokia Corporation, Sony Corporation, Samsung Corporation, Apple Computers, Hewlett-Packard Company, ResearchInMotion Limited, Eastman Kodak Company, TomTom N.V etc.
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