HomeTechnologyOptimistic forecast for tablet...

Optimistic forecast for tablet sales

The portability and multitasking ability of tablets are considered by analysts to be driving demand for these devices in the coming years
(photo: CC0 Public Domain)

The global tablet market will grow 8.1% annually to reach $3.1 billion in 2031, more than double the $1.5 billion in 2022, according to a forecast by research firm Transparency Market Research.

According to analysts, sales of tablets will grow due to the portability of such devices and their ability to perform all kinds of tasks – such as working with documents and e-mail. Additionally, the segment of hybrid devices that can transform from a tablet to a laptop and vice versa is contributing to the rise of the market.

Transparency Market Research’s forecast differs sharply from data from analysts at Allied Market Research. They expect global tablet sales to grow at an average annual rate of 16.7% to reach $325.15 billion by 2031, up from $70.72 billion in 2021.

Researchers attributed the expected growth in tablet sales to a general upswing in demand for such electronics, the expansion of the enterprise segment and increased sales of hybrid devices. In addition, the general digitization of the economy, technological progress and the development of new Internet communication capabilities may have an additional positive impact on the tablet segment.

As factors hindering the development of the tablet market, experts cite the relatively short battery life and the fact that the entry of new companies into the market has led to “commoditization” (the term refers to the situation of products that become quite cheap to mass-produce when instead of one unique product there are many brands).

According to IDC estimates, the global tablet market will reach 162.8 million units in 2022, down 3.3% from the previous year. Despite the drop, recorded volume is still well above pre-pandemic levels, analysts said.

In 2022, only Apple managed to show growth in tablets. The American brand sold 61.8 million devices, which is 7% more than the result in 2021. In second place is Samsung, which sold 30.3 million tablets and lost 0.8% compared to 2021 shipments.

Rounding out the top three are Amazon’s Kindle tablets, which sold 16 million units in 2022, down 0.7% from the previous year.

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Unprecedented Hard Drive Storage Density Unlocked

A new HDD technology involving three-dimensional magnetic recording could enhance storage...

A New Study Shakes Up Ecological Theories

Nanuqsaurus, standing in the background, and pachyrhinosaurus, skull in the foreground,...

How VIPER’s High-Tech Mast Is Transforming Lunar Missions

An artist’s concept of the completed design of NASA’s Volatiles Investigating...

New Research Suggests That Cutting Exposure to Common Chemicals Could Slow Aging

Researchers at Nagoya University have linked aldehydes, byproducts from alcohol, pollution,...

- A word from our sponsors -

Read Now

Unprecedented Hard Drive Storage Density Unlocked

A new HDD technology involving three-dimensional magnetic recording could enhance storage capacities and reduce the number of HDDs needed, promising future cost and energy efficiencies. Credit: SciTechDaily.comPossibility of ultra-high density hard disk drives with areal densities exceeding 10 Tbit/in² using multi-level magnetic recording.Research groups from NIMS, Seagate...

A New Study Shakes Up Ecological Theories

Nanuqsaurus, standing in the background, and pachyrhinosaurus, skull in the foreground, were among the dinosaur species included in a new study led by scientists at the University of Alaska Fairbanks and the University of Reading that calls into question Bergmann’s rule. Credit: James HavensWhen you throw dinosaurs...

How VIPER’s High-Tech Mast Is Transforming Lunar Missions

An artist’s concept of the completed design of NASA’s Volatiles Investigating Polar Exploration Rover, or VIPER. VIPER will get a close-up view of the location and concentration of ice and other resources at the Moon’s South Pole, bringing us a significant step closer to NASA’s ultimate goal...