Portable Electronics Market is predicted to reach USD 810 Billion at a CAGR of 10.00% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Portable Electronics Market”.

MRFR recognizes the following companies as the key players in the global Portable Electronics Market — Apple, Inc, Dell, Inc, Samsung Electronics Co., Ltd., Sony Corporation, Toshiba Corporation, HP, Nokia Corporation, Motorola Solutions, Inc, Eastman Kodak Company, and Palm, Inc.

Portable Electronics Market Highlights

The global Portable Electronics Market is accounted to register a CAGR of 10.00% during the forecast period and is estimated to reach USD 810 Billion by 2030.

the portable electronics market refers to the industry that produces and sells small electronic devices that are designed to be easily carried and used on the go. This market encompasses a wide range of products, including smartphones, tablets, laptops, wearable devices (such as smartwatches and fitness trackers), portable gaming consoles, portable audio devices (like headphones and Bluetooth speakers), and more.

Segment Analysis

The global Portable Electronics Market has been segmented based on Product, End User.

The Portable Electronics Market segmentation, based on product, includes Mobile Handsets, Personal Digital Assistants, Laptops, Media Players, Gaming Consoles, Digital cameras, Power Banks, Flash Drives, and Navigation Systems. The Personal Digital Assistants segment held the majority share 2022 of the Portable Electronics Market revenue. The Personal Digital Assistants (PDAs) segment has historically held the majority share of the market, due to the widespread popularity and widespread use of smartphones, which are often classified as PDAs. The continued evolution of technology is expected to result in the development of new and innovative portable electronics products, further fueling the growth of the market. 

Based on end users, the Portable Electronics Market segmentation includes Residential, Industrial, Medical, and Commercial. The medical segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. The medical segment dominated the market in 2022 and is expected to continue to grow due to the increasing use of portable medical devices, such as wearable fitness trackers, smartwatches, and health monitors. These devices provide real-time health data and allow for remote monitoring, which is especially important during the COVID-19 pandemic. Overall, the diverse range of end-users for portable electronics highlights the versatility and widespread appeal of these devices. These all factors for Portable Electronics positively impact the market growth.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Portable Electronics Market Research Report

Regional Analysis

The global Portable Electronics Market, based on region, has been divided North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is expected to record the highest CAGR in the portable electronics market. This is due to several factors, including the rapidly growing economies in the region, the increasing purchasing power of consumers, and the high demand for technology. In addition, the presence of leading technology companies and the availability of low-cost labor and manufacturing resources have made the Asia-Pacific region an attractive destination for investment in the technology sector. Furthermore, the increasing awareness of the benefits of wearable technology and the growing popularity of wearable devices, such as fitness trackers and smartwatches, are also contributing to the growth of the portable electronics market in the region.

Europe is indeed the third-largest market for portable electronics, and there are several factors contributing to this position. One of the main reasons is the high adoption of technology in the region, as consumers in Europe are early adopters of new and innovative products. In addition, the presence of leading technology companies and a highly educated and affluent population also contribute to the growth of the market in Europe. Furthermore, the European Union's commitment to creating a digital single market and promoting digital innovation has created a favorable environment for the growth of the portable electronics market. Further, the Germany Portable Electronics market held the largest market share, and the UK Portable Electronics market was the fastest-growing market in the European region. 

North America is a major market for portable electronics and is expected to continue to hold the largest market share in the industry. This is due to several factors, including the high adoption of technology in the region, the presence of leading technology companies, and the strong purchasing power of consumers. In addition, the United States is a major center for innovation and research in the technology sector, which drives the development of new and advanced portable electronics products. The widespread use of smartphones and other portable devices in North America has also contributed to the growth of the market, as consumers continue to demand more sophisticated and user-friendly devices. Moreover, the U.S. Portable Electronics market held the largest market share, and the Canada Portable Electronics market was the fastest-growing market in the North American region. 

Key Findings of the Study

• The global Portable Electronics Market is expected to reach USD 810 Billion by 2030, at a CAGR of 10.00% during the forecast period.


• The Asia-Pacific region is expected to record the highest CAGR in the portable electronics market. This is due to several factors, including the rapidly growing economies in the region, the increasing purchasing power of consumers, and the high demand for technology.


• The Portable Electronics Market segmentation, based on product, includes Mobile Handsets, Personal Digital Assistants, Laptops, Media Players, Gaming Consoles, Digital cameras, Power Banks, Flash Drives, and Navigation Systems.


• Apple, Inc, Dell, Inc, Samsung Electronics Co., Ltd., Sony Corporation, Toshiba Corporation, HP, Nokia Corporation, Motorola Solutions, Inc, Eastman Kodak Company, and Palm, Inc.