The Portable Technology Components Market will reach $ 280 billion by 17.30% with a staggering CAGR of 2030

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Portable robots, military equipment and GPS trackers are on trend to drive the growth of the portable technology market

New York, USA, May 25, 2022 (GLOBE NEWSWIRE) Overview of the Portable Technology Components Market:

According to a comprehensive market research report (MRFR), “Portable Technology Components Market“Information by product, technology, components, application and region – forecast for 2030” The size of the market will grow at a compound annual growth rate of 17.8% by 2030.

Scope of the report:

The portable technology market shows significant revenue growth in the future. Increasing the popularity of laptops will drive the growth of the portable technology components market, increasing the adoption of portable devices. In addition, advances in sensor and portable technology gadgets are increasing the size of the market. It is likely that the market will continue to grow, mainly due to the growing sales of fitness monitoring and portable health monitoring devices. The introduction of smart phones, mobile networks and applications, computing and broadband connectivity is exponentially increasing market demand.

Report metrics

Details

Market Size

$ 280 billion

CAGR

17.8%

Basic Year

2019

Notice Period

2020-2030

Historical data

2018

Prediction Units

Value (billion USD)

Report Coverage

Revenue forecast, competitive landscape, growth factors and trends

Covered Segments

Product, Technology, Components, Application and Region

Covered Geographies

North America, Europe, Asia-Pacific and the rest of the world (RoW)

Key sellers

Adidas, Apple Inc., Xiaomi, Garmin, Fitbit, Samsung Electronics, Nike and Qualcomm Technologies

Main market opportunities

About 43 percent of mobile phones would be replaced with portable devices by the end of 2021

The main players in the market

The growing demand for navigation, telemedicine, infotainment and other portable devices is fueling the global market.

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In addition, factors such as rapid digitization and the proliferation of IoT are accelerating the growth of the portable technology market. On the other hand, the demands of high R&D costs and long development and commercialization times are high winds for the growth of the wearable technology components market. However, wearable technology applications in clothing would help the growth of the market throughout the review period.

Industrial trends

Useful has become a hot product, and has seen more and more applications from fitness and healthcare to infotainment. Portable technology has transformed the way consumers receive and send data around the world, providing a solution-based approach. Many electronic components are available, such as capacitors, Bluetooth modules, connectors, sensors, and switches.

Each component plays a causal role in making the perfect portable technology and improves the usability and aesthetics of the devices. Info entertainment devices such as augmented reality headphones, portable digital video cameras for hands-free recording, smart toys, smart fabrics for fashion apparel, portable speakers, and smart watches and glasses are rapidly gaining traction.

In industrial applications, portable technology is used to make helmets that control head injuries / helmet damage, and to wear safety glasses with a data display. Portable technology is rapidly gaining ground in aircraft and aerospace, designing binoculars with a binary head screen about the pilot’s line of sight and barcode scanners that provide real-time information.

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The application of portable technology in healthcare and medicine is growing significantly. Used to develop the AED (Automated External Defibrillator) for the automatic diagnosis and treatment of life-threatening conditions, heart rate and blood pressure monitors, nerve stimulation pain relievers, diabetic blood glucose monitors with automated insulin injection for diabetics, and clothing / body pain the garments they examine.

Portable Technology Components Market Segments:

The market is divided into components, products, technology, applications and regions. The component segment includes connectivity, sensation, memory, battery and more. Product segments include bracelets, headwear and eyewear, necklaces, smart clothing, portable cameras, implants and more.

The the technology segment encompasses computer technology, display technology, network technology, sensor technology, and more. The application segment includes fitness and wellness, health, consumer electronics, defense, business and industry applications and more. The segment of the region is distributed in Asia Pacific, Europe, North America and the rest of the world.

Regional Study of the Portable Technology Components Market

North America is dominated by the global market for portable technology components. Advances in laptops and the early adoption of advanced laptop technologies, coupled with the presence of prominent laptop manufacturers, are driving the growth of the portable technology components market. In addition, increasing investment in technology research and development and the well-developed economy of the region are driving the size of the market. Major U.S. technology research and technological ecology provide a major boost to market value.

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Europe is another lucrative market for portable technology components around the world. Portable apps are quadrupling, such as smart watches, smart watches, fitness trackers and smart clothing, proving market revenue. Likewise, the growth in the number of laptop users and the advancements in implantable and head-mounted displays are driving the growth of the market for portable technology components in the region. The health and medical device sectors in the region are accelerating market share.

The Asia Pacific portable technology market is growing significantly. Increasing spending on portable devices, consumer spending on electronics and growing usable per capita income are key drivers for the growth of the regional market. In addition, the region’s manufacturing activities and growing technology base are having a positive impact on the growth of the regional market. China dominates the regional market, followed by India and South Korea. Moreover, the increasing use of smart technology is proving the growth of the market for portable technology components in the region.

Competitiveness analysis

Highly competitive, portable technology component the market appears fragmented due to the presence of several well-established actors. Industry actors invest heavily in research and development activities and promote their expansion plans. These market players are embracing initiatives such as greater commercialization of their products, initiatives to promote them through competition and trade shows, and increased collaboration.

The main players in the market for the components of the portable technology covered are:

  • Adidas

  • Apple Inc.

  • Xiaomi, Garmin

  • Fitbit

  • Samsung Electronics

  • Nike

  • Qualcomm Technologies

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Recent developments:

This market sees the implementation of a number of strategic agreements, such as cooperation, mergers and acquisitions, product presentation and dissemination. For example, on May 4, 2022, Nordic Capital, Europe’s largest private equity investor, announced that it had signed an agreement with ProGlove, Germany’s leading industrial and portable Internet of Things (IoT) company.

This strategic investment in IoT and portable disruptive technology will accelerate the company’s growth in the growing global portable technology components market. Nordic Capital will support ProGlove and its unique and human-based solutions to improve in-store processes and achieve high efficiencies.

ProGlove offers integrated components built around portable barcode scanners with multiple IoT sensors that allow you to capture hands-free data. The partnership will allow Nordic Capital to accelerate future growth plans and expand its customer base by encouraging investment in product development.

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