The tablet market was dropping badly by 2014, but over the past year it has recouped a bit. It’s thanks to hybrids of laptops and tablets, plus the experimental formats. A forecast study done by Future Market Insights reveals that the global tablet demand is actually growing. We have some figures below.
The same report estimates that the global tablet market will increase to over $600 billion in worth by end of 2026. The study also projects an expansion at a CAGR of 9.1% over the next 7 years. Growth will be cramped by manufacturing problems, changing industry trends, currency worth and component problems. Factors that will change the growth include increased water resistance of devices, rising compatibility with 4G and 5G in the future and high quality and functionality devices becoming the norm.
The higher processing power may require boosted batteries and the tablets are expected to come with improved acoustic setups. There’s a preference for larger screens on account of entertainment, like games and Netflix. The expansion will be most visible in the Asia-Pacific region. China and India will be manufacturing hubs for the globe and also booming markets. China will have the largest share in the APAC tablets market, said the study.
Demand for tablets remains high in USA and other parts of North America, but Asia-Pacific remains the leader. The demand for tablets in Europe will also grow through 2026. The detachable tablets will register a volume CAGR of 10.8%. Android remains chief OS, but the iOS devices are still the money makers. The same report states that over 227 million units of tablets with less than 8 inches in size have been sold all over the globe in 2016.
Tablet market leaders are Apple, Samsung, Lenovo, Huawei, Acer, Micromax, Xiaomi and Amazon.
