Redding, Calif., July 6, 2022 (GLOBE NEWSWIRE) — According to a new market research report titled: †Mobile computer market by device type (key-based, full-touch PDA-based, rugged tablet and software), portability type (handheld, portable, vehicle-mounted computer), and end-user industry (retail, warehouse, e-commerce) – worldwide Forecast to 2029The mobile computing market is expected to reach $3.3 billion by 2029 at a CAGR of 7.4% during the forecast period 2022-2029.
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Mobile computers are built to streamline real-time data collection processes in the most challenging environments. Rugged mobile computers come in a variety of form factors and configurations. They come standard with advanced scanning technology, built-in software intelligence, integrated voice and data technology, rugged durability, superior ergonomics and a full range of communication options.
The growth of the mobile computing market is primarily driven by factors such as the increasing need to eliminate manual data recording and input errors, growing government initiatives to adopt AIDC technology, and the growing demand for mobile computing in warehouses and distribution centers. However, the security vulnerabilities related to the data captured by mobile computers are the main concern of the end-user industries. On the other hand, the COVID-19 has impacted on the diversified uptake of mobile computing in the healthcare sector, providing huge opportunities for the market players. However, reliable network connectivity is the biggest challenge to curb industry growth in the underdeveloped regions of the world.
The impact of COVID-19 on the mobile computing market
The COVID-19 pandemic occurred in Wuhan, China, in the last quarter of 2019. COVID-19 was declared a global pandemic by the WHO as the virus spread across many countries, adversely affecting the global economy. The spread of COVID-19 had an unprecedented impact on several sectors. Most industries have struggled with supply chain disruptions, staff shortages and employee safety challenges.
The spread of COVID-19 forced governments to impose strict lockdowns leading to the suspension of all business activities, including production and processing. Employee safety became the number one concern of enterprises. The mobile computing industry suffered significant losses in the first quarter of 2020 (1Q20) due to the COVID-19 pandemic, with the leading players witnessing a massive drop in net sales. For example, Zebra Technologies Corporation, a global leader in enterprise asset intelligence, design and sales of specialty printers, mobile computing, data capture, RFID products and RTLS, recorded a USD 14 million (1.3%) decrease in its net income. -turnover in the first quarter of 2020.
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Similarly, DENSO Corporation, the world’s second largest mobility provider, recorded a 3.9% decline in revenue for the 2019-2020 fiscal year (ending March 31, 2020) compared to the prior year. However, significant growth in the second quarter drove higher revenues, minimizing the impact of the pandemic on the mobile computing market by the end of 2020.
The mobile computing market is segmented by device type (key-based mobile computers, full-touch PDA-based mobile computers, rugged tablets and software), portability type (handheld computers, portable computers and vehicle-mounted computers), and usage industry (transportation, manufacturing, banking and finance, retail, healthcare and life sciences, warehouse and logistics, e-commerce and other end-user industries) and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa ). The study also evaluates industry competitors and analyzes the market at the country level.
Based on device type, the full-touch PDA-based mobile computing segment is expected to make up the bulk of the mobile computing market by 2022. The segment’s high market share can be attributed to the increasing adoption of full-touch mobile computers by various end-user sectors, such as healthcare. Furthermore, it is estimated that due to the benefits such as easy installation of updated software and simpler operating systems, the same segment will grow the fastest during the forecast period.
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Based on the type of portability, the portable computing segment is expected to make up the bulk of the mobile computing market by 2022. The benefits offered by portable computers, such as higher portability, timely data entry, zero paperwork, and less human error, have impacted the demand for handheld computers.
Based on the end-user industry, it is estimated that the warehouse and logistics segment will account for the largest share by 2022 due to the increasing adoption of mobile computers in day-to-day operations. Higher productivity, more efficient working and less chance of human error are factors that are driving demand in the warehouse and logistics sector. However, the healthcare segment is planned to become the fastest growing segment during the forecast period. The COVID-19 pandemic has impacted healthcare industry demand for health-grade mobile computers. In healthcare, mobile computers are useful to keep the device infection free to keep the hospital facility hygienic and safe in contact with the patients.
Based on geography, it is estimated that Asia-Pacific will have the largest market share by 2022 due to the high adoption of mobile computers in regional industries such as healthcare, retail, e-commerce and manufacturing. The Asia-Pacific region will register the highest CAGR during the forecast period. The growing market of e-commerce, manufacturing and other end-user sectors in countries such as China, India, South Korea, Singapore and Japan is driving the adoption of mobile computing.
The report also includes a comprehensive assessment of key strategic developments by leading market players over the past four years. The mobile computing market has witnessed product launches and enhancements that have enabled companies to broaden their product portfolios, partner with other key players, sign contracts with other industry players and acquire SMEs to enhance their presence. increase in the market. In February 2022, Handheld Group announced a major operating system (OS) upgrade to Android 11 for the Algiz RT8 ultra-rugged Android tablet. The upgrade includes Android Enterprise Recommended (AER) certification, placing the Algiz RT8 on a select list of devices certified by Google to meet rigorous enterprise-oriented requirements.
Some of the major players in the mobile computing market are Newland EMEA (Netherlands), Zebra Technologies Corporation (USA), Honeywell International Inc. (USA), Datalogic SPA (Italy), Bluebird Inc. (South Korea), Opticon Sensors Europe BV (Netherlands), Winmate, Inc. (Taiwan), JLT Mobile Contacts (Sweden), Wasp Barcode Technologies (USA), Keyence Corporation of America (USA), Transition Products Inc. (USA), Handheld Group (Sweden), Comark (USA), Advantech Co., Ltd. (Taiwan) and Denso ADC (USA).
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Scope of the report:
Mobile computing market, by device type
Mobile computing market, by portability type:
Mobile computing market, by end-use industry
Banking and Finance
Healthcare and Life Sciences
Warehouse & Logistics
Other end-use sectors (government, hospitality, fleet management and food and beverages)
Mobile computing market, by geography
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Middle East and Africa
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