Global
Portable Electronics Market is anticipated to grow at a significant CAGR in
upcoming years. Portable electronics is widely used in the healthcare industry
which is mainly deployed for monitoring, operating and managing medical
conditions. Technically, due to the presence of microprocessors manufactured
devices have been more portable, light in weight and compact. Application of
portable electronics includes heart monitors, pulse oximeters, blood pressure
monitors, ultrasound and medical imaging. Ultrasound technique is one of the
best innovation techniques under portable electronics in the medical domain.
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Commercial
driving factors responsible for the growth of portable electronics market
include rise in aging population and growth in healthcare benefits are certain
factors bolstering the market growth. Rise in technological advancement is
likely to influence the price of medical devices resulting in mass production
of portable electronic devices. However, the market growth is likely to get
affected due to security and connectivity concerns in the forthcoming period.
Based
on segmentation by product, the portable electronics industry includes mobile
handsets, personal digital assistant (PDA), notebook/laptop, media players,
digital camera, gaming consoles, power banks, flash drives and healthcare
devices. Based on segmentation by end-user, the portable electronics market
includes commercial, industrial, medical and residential.
Geographically,
portable electronics market spans North America, Latin America, Europe,
Asia-Pacific, Middle-East and Africa. APAC market dominates the global market
owing to mass production of portable electronics. Also, the heavy presence of
consumer base in APAC regions is likely to add to the growth of portable
electronics market. North America and Europe market is likely to gain a
positive traction in the forthcoming period. MEA regions are however expected
to gain a moderate CAGR growth in the forthcoming period.
The
key players in the portable electronics market include Nokia Corporation, Sony
Corporation, Samsung Corporation, Apple Computers, Hewlett-Packard Company,
ResearchInMotion Limited, Eastman Kodak Company, TomTom N.V etc.
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