Market Size of Asia Pacific IT Device Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC IT Device Market Analysis
The Asia-Pacific IT device market is expected to grow at a CAGR of 1.9% for the next five years. The region is one of the leading IT device markets across the globe. The Asia-Pacific IT device market is expected to witness growth during the forecast period, owing to the growing telecom market and rapidly rising population.
- The fastest growth of the IT device market is anticipated to be in the Asia-Pacific region. The growth of IT companies in nations like China, Japan, and India boosted the demand for tech devices like smartphones, tablets, and laptops in Asia-Pacific. In addition, regional demand is anticipated to increase owing to the upswing in the disposable income of people.
- Asia-Pacific holds a significant share in manufacturing IT devices like laptops, desktop computers, and mobile phones. On the back of its excellent technological presence, China has a significant share of manufacturing and exporting IT devices to the rest of the world. Also, it continues to be the major provider of desktop computers in the Asia-Pacific region in terms of value, accounting for around 61% of global exports last year. Notably, from a continental standpoint, USD 217.6 billion, or 82.3%, of all mobile phones exported last year were produced by vendors in Asia.
- The Asia-Pacific region was affected by the interruptions to global supply chains caused by COVID-19 and geopolitical events, which influenced sourcing, logistics, manufacturing, distribution, and aftermarket services. Also, the geopolitical tension between the United States and China has pressurized the region's IT device market.
- However, the Asia-Pacific IT device market continues to benefit greatly from the mobile environment. The growing population impacting the overall mobile subscription rate, vast mobile broadband coverage, and market-leading 5G rollout are anticipated to impact the demand for mobiles during the forecast period.
- Post-covid, the demand for desktop PCs is expected to witness a sharp decline. This is mostly because of the withdrawal of work-from-home restrictions and the gradual opening of companies. However, due to the continuation of hybrid work models in many of the top countries of the Asia Pacific region, there would be a persisting demand for laptops and tablets going forward. Also, the people understood the importance of IT devices during the lockdowns. This new perspective is expected to continue to support the PCs segment (laptops, tablets, and desktop demand) in the long run.
APAC IT Device Industry Segmentation
As digitalization advances, hardware components are continuously updated to meet the most recent requirements. PCs and phones are the sectors that make up the devices market in the Technology Market Outlook.
The Asia-Pacific IT device market is segmented by type (PCs - laptops, desktop PCs and tablets, and phones - landlines, smartphones, and feature phones) and geography (Australia, China, India, Japan, Indonesia, Malaysia, Singapore, South Korea, Taiwan, Thailand, and Rest of Asia-pacific). The market sizes and forecasts are provided in terms of value in USD million for all the above-mentioned segments.
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| Rest of Asia-pacific |
Asia Pacific IT Device Market Size Summary
The Asia-Pacific IT device market is poised for steady growth over the next five years, driven by the expanding telecom sector and a rapidly increasing population. This region stands as a global leader in the IT device market, with significant contributions from countries like China, Japan, and India. The demand for smartphones, tablets, and laptops is on the rise, fueled by the growth of IT companies and an increase in disposable income. Asia-Pacific is a major hub for manufacturing IT devices, with China playing a pivotal role in production and exportation. Despite challenges posed by global supply chain disruptions and geopolitical tensions, the region continues to thrive, particularly in the mobile sector, where extensive mobile broadband coverage and 5G rollouts are expected to bolster demand.
The smartphone segment, in particular, has a substantial impact on the region's economy, with a significant contribution to GDP. The adoption of smartphones is on the rise, supported by advancements in technology such as IoT and AI, and the rapid rollout of 5G networks. China, as a technological powerhouse, leads in various domains, including AI and telecommunications, and is a major player in the global IT device market. The region's market is highly fragmented, with key players like Dell, Lenovo, Apple, Samsung, and Microsoft actively pursuing advancements and expanding their presence. Collaborative efforts and strategic partnerships are evident, as companies aim to enhance their technological capabilities and market positions in the Asia-Pacific region.
Asia Pacific IT Device Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness-Porter's Five Force Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on the IT Device Industry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 PC's
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2.1.1.1 Laptops
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2.1.1.2 Desktop PCs
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2.1.1.3 Tablets
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2.1.2 Phones
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2.1.2.1 Landline Phones
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2.1.2.2 Smartphones
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2.1.2.3 Feature Phones
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2.2 By Geography
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2.2.1 Australia
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2.2.2 China
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2.2.3 India
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2.2.4 Japan
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2.2.5 Indonesia
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2.2.6 Malaysia
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2.2.7 Singapore
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2.2.8 South Korea
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2.2.9 Taiwan
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2.2.10 Thailand
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2.2.11 Rest of Asia-pacific
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Asia Pacific IT Device Market Size FAQs
What is the current Asia Pacific IT Device Market size?
The Asia Pacific IT Device Market is projected to register a CAGR of 1.9% during the forecast period (2024-2029)
Who are the key players in Asia Pacific IT Device Market?
Apple Inc , Huawei Technologies Co., Ltd., Xiaomi Corporation, Lenovo Group Limited and HP Inc. are the major companies operating in the Asia Pacific IT Device Market.
