Ultra Mobile Devices (UMD) Market Report

Market Insights

"The global ultra-mobile devices (UMD) market is projected to grow from USD 174.6 billion in 2020 to USD 229.4 billion by 2026 at a CAGR of around 4.7% during the forecast period."

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Introduction

The ultra-mobile devices (UMDs) are lightweight and midsize computing devices that support various applications ranging from education to business. The ultra-mobile devices provide higher productivity, improved battery life, extended portability, full-scale functionality, and reduced bulk which makes them suitable for use in numerous applications.

Market Drivers

The growth of the ultra-mobile devices (UMD) market is primarily driven by widespread product use in numerous applications including consumer electronics, healthcare, retail, and education among others. Increasing demand for consumer electronics such as laptops and tablets is likely to drive the growth of the global ultra-mobile devices (UMD) market at a significant rate during the review period. In addition to this, rising demand for advanced ultra-mobile devices is likely to create lucrative opportunities for the players operating in the global market in the coming years.

COVID-19 Impact

The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the ultra-mobile devices (UMD) market negatively as the imposition of complete lockdown and restrictions on trade affected the supply of the product for a short period.

Segment Analysis

Application Trends

"The consumer electronics segment accounted for the largest market share."

The ultra-mobile devices (UMD) market has been bifurcated into telecommunication & IT, consumer electronics, retail, healthcare, education, and others. Under these, the consumer electronics segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to increasing demand for consumer electronics across geographies.

Regional Insights

"North America accounted for the largest market share."

The market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the high product adoption rate and presence of key market players such as Apple Inc. (US) and Dell, Inc. (US). The market growth in the Asia-Pacific region is expected to be driven by the increasing use of ultra-mobile devices in various applications including telecommunication & IT, healthcare, and consumer electronics among others.

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Key Players

Key players operating in the Ultra-Mobile Devices (UMD) market are

• Apple Inc. (US)
• HTC Corporation (Taiwan)
• Dell, Inc. (US)
• Sony Group Corporation (Japan)
• Lenovo Group Limited (China)
• ASUSTek Computer Inc. (Taiwan)
• Google LLC (US)
• Samsung Electronics Co., Ltd. (South Korea)
• Microsoft Corporation (US)
• The Hewlett-Packard Company (US).

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.