2-in-1 laptop is also known as 2-in-1 PC and 2-in-1 tablets. It is the portable computer, which has features of both tablets and laptops. A 2-in-1 laptop gives user the experience of a tablet with the software compatibility, computing power and general characteristics of a laptop. In the current market scenario, an adoption of 2 in 1 laptop is witnessing a wide and profitable use in the target audience across the commercial sector.
2-in-1 Laptop Market Dynamics:
The rapid technological advances in hardware, software, and services offering are expected to drive the market growth. The requirement of personal computing devices is the major driving factor behind the growth of market. 2-in-1 laptop provides benefits such as light in weight, portability, improved productivity, longer battery life, multitasking functioning, durability, field use and multiple ports are ultimately improving the market growth. Furthermore, high adoption of detachable 2-in-1 laptop for office use, flip-screen design for folding the screen back 360 degrees to use it as a tablet without detaching the keyboard and demand of pressure-sensitive stylus that clips to the device are boosting the growth of market. On the other hand, high initial investment cost for enhanced versatility is the major restraining factor, which is expected to limit the growth of market. The report covers the detail analysis of the market dynamics like drivers, restraints, opportunities and challenges.CHITECH_I140MY
Number of technical innovations drive the market growth
The growth of the global 2-in-1 Laptop Market is majorly driven by increasing number of technical innovations and overall digital transformation throughout the world. The growth of economies through digitalization is one of the significant factors that are driving big giants to invest highly in digital transformation to change their business models to get value-producing opportunities and stay ahead of their competitors along with improving the consistency and quality of their services. An increase in the number of internet-connected devices across the globe are driving the market growth.
When consumers want the comfort of a tablet and productivity as a laptop, they are preferring 2-in-1 laptop solutions. 2-in-1 laptops are easy to carry around as they are light-weight and compact. They are also known as the convertible laptops. Previously, these convertibles were costly. Currently, many options are available, which are affordable. The best 2-in-1 laptops are the ones which are more tablet than a laptop or vice-versa.CHITECH_I140MY
2-in-1 Laptop Market Segment Analysis:
2-in-1 devices combine the features of a laptop and a tablet. It is a unique product that is both versatile and functional. Detachables and Convertibles are the two most common types of convertibles. Detachable devices have a design factor, which allows the screen to be removed from the keyboard unit and utilised as a standalone tablet. Convertible devices have a design, which allows the screen to swivel in various directions and angles while remaining attached to the device's main body. The form factor of 2-in-1 Laptop devices also offers other advantages. Convertibles can be set up in a tent or a stand configuration, allowing business users to effortlessly share their screens with a larger audience.
By screen size, 13.3 inches segment held the dominant the market in 2022 and is expected to keep its dominance during forecast period. Large screen size provides better resolution with good viewing experience. Consumer's requirements and preferences are evolving rapidly across the developing economies, which is increasing demand for different form factors. A shift in work style and need for real-time access to information is driving the market growth. In the electronics product industries, customer-centric innovation is playing a pivotal role in performance. A consumer shift towards slimmer and more portable designs like hybrid designs, premium laptops are expected to drive the market growth.CHITECH_I140MY
Region wise, North America has dominated the market in 2022 and is expected to continue its dominance during forecast period. The US and Canada are major key contributors behind the growth of market. The growth is attributed to the high demand of convertible and detachable 2-in-1 laptops with innovative technological innovations in commercial applications. Also, high adoption of detachable laptops for security purpose and enterprise professionals is driving the growth of market in the region.
Asia Pacific region is expected to offer key growth opportunities in the 2-in-1 Laptop Market during the forecast period. The growth of the corporate sector and the gaming industry, the presence and expansion of prominent vendors in fast-growing economies, and the increasing adoption of laptops in educational institutions are some of the driving factors, which are expected to drive the market growth in the near future.The consumer preference for 2-in-1 laptops is increasing at a rapid rate as they offer features of both laptops and tablets. It has high demand because of their incorporation of an in-built physical keyboard and touchscreen technology. Additionally, key players are continually incorporating high-functionality components like fingerprint readers, and 256 GB to 1 TB data storage and front and rear cameras in 2-in-1 laptops. These factors are expected to increase the sales of 2-in-1 laptops across the globe.
Key players operating in the market are facing ongoing product and price from both branded and generic competitors. Prominent key players are competing to offer customers Competitive, scalable, and integrated solutions that provide the most current and desired product and services features at a competitive price. They are closely monitoring pricing and solutions trends, which include the effect of foreign exchange rate movement.
The objective of the report is to present a comprehensive analysis of the global 2-in-1 Laptop Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The reports also help in understanding the 2-in-1 Laptop Market dynamic, structure by analyzing the market segments and projecting the 2-in-1 Laptop Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the 2-in-1 Laptop Market make the report investor’s guide.CHITECH_I140MY
Ans. The segments covered in the 2-in-1 Laptop Market report are based on Type, Screen Size and Application.
2] Which region is expected to hold the highest share in the 2-in-1 Laptop Market?
Ans. The Asia Pacific region is expected to hold the highest share in the 2-in-1 Laptop Market.
3] What is the market size of the 2-in-1 Laptop Market by 2029?
Ans. The market size of the 2-in-1 Laptop Market by 2029 is US$ 8.27 Bn.
4] What is the forecast period for the 2-in-1 Laptop Market?
Ans. The forecast period for the 2-in-1 Laptop Market is 2023-2029.
5] What was twqket size of the 2-in-1 Laptop Market in 2022?
Ans. The market size of the 2-in-1 Laptop Market in 2022 was US$ 3.27 Bn.