The Impact of COVID-19 on the Mobile Computer Market
· The COVID-19 pandemic emerged in Wuhan, China, in late 2019 and was declared a global pandemic by the WHO as the virus spread rapidly across the world, significantly impacting the global economy. Various industries faced unprecedented challenges due to disrupted supply chains, workforce scarcity, and heightened employee safety concerns.
· Government-imposed lockdowns led to the suspension of business operations, including manufacturing and processing. The mobile computers industry suffered considerable losses in early 2020. For instance, Zebra Technologies Corporation, a leader in enterprise asset intelligence, reported a net sales decrease of USD 14 million (1.3%) in the first quarter of 2020. Similarly, DENSO Corporation, the world’s second-largest mobility supplier, experienced a 3.9% revenue decrease for its fiscal year 2019-2020 compared to the previous year, primarily due to a decline in vehicle production.
· Despite initial setbacks, the market experienced a resurgence in the second quarter, driven by high demand from the e-commerce sector. Peripheral industries such as warehouses and logistics also grew, with increased demand for mobile computers to fulfill rising e-commerce orders. Honeywell's introduction of CT45 and CT45XP rugged enterprise mobile devices in July 2021 exemplifies the market's response to these changing demands.
Rising Need to Eliminate Manual Data Capture and Entry Errors
· Automatic Identification and Data Capture (AIDC) technologies are integral to modern mobile computers, enabling the collection of information from individuals, objects, images, or sounds without manual data entry. This technology is essential for managing inventory, delivery, assets, security, and documents efficiently.
· Data is critical for strategic decision-making in modern organizations. According to an article by Experian plc, 83% of businesses consider data integral to formulating successful strategies. Errors in data capture and entry can lead to poor decision-making and increased costs. AIDC technologies in mobile computers offer a reliable means to identify and track items, encoding a wide range of information from basic identification to comprehensive details.
· In the healthcare sector, mobile computers are increasingly adopted due to their numerous benefits. Healthcare-grade mobile computers help keep patients and hospital staff safe, particularly during the COVID-19 pandemic. The food and beverage industry also demands mobile computers for their compact structure, portability, small footprint, and easy installation.
Key Findings in the Mobile Computers Market Study
Full-Touch PDA-Based Mobile Computers Segment to Dominate the Market
Based on device type, the full-touch PDA-based mobile computers segment is projected to hold the largest market share in 2022. This segment's growth is driven by the increasing adoption of mobile computers across end-use industries, owing to benefits such as more screen space and greater customization capabilities.
Handheld Computers Segment to Account for Largest Market Share
In terms of portability, the handheld computers segment is estimated to dominate the market in 2022. The high demand for non-contact temperature assessment devices during the COVID-19 pandemic from industries such as retail, healthcare, transportation, and banking & finance has driven this segment's growth. Handheld mobile computers are expected to continue growing due to their benefits, including on-the-go data entry, smaller device size, and ease of use.
Warehouse & Logistics Segment to Lead in Market Share
The warehouse & logistics segment is anticipated to hold the largest market share based on end-use industry. The need for accurate data entry in warehouses and logistics operations drives this segment's growth. Mobile computers are vital in these settings for verifying shipments, ensuring accurate picking and put-away, initiating replenishment orders, and validating orders during picking and packing processes.
The healthcare segment is projected to be the fastest-growing segment during the forecast period. The COVID-19 pandemic has spurred demand for healthcare-grade mobile computers that maintain hygiene and safety in hospital settings.
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Asia-Pacific to Lead Market Growth
· Geographically, Asia-Pacific is expected to account for the largest share of the mobile computer market in 2022. The region's rapid adoption of mobile computers across various sectors, including healthcare, banking & finance, manufacturing, retail, and e-commerce, drives this growth. The high adoption rate of mobile computers during the pandemic to improve work efficiency further supports the market's expansion.
· In conclusion, the mobile computer market is set for significant growth, driven by the need for efficient data management and the increasing adoption of AIDC technologies. Despite challenges such as security concerns and network connectivity issues, the market offers substantial opportunities for growth, particularly in the healthcare and e-commerce sectors.
Key Questions Answered in the Report-
- Which are the high-growth market segments in terms of device type, portability type, end-use industry, and geography?
- What was the historical market size for mobile computers?
- What are the market forecasts and estimates for the period 2022–2029?
- What are the major drivers, restraints, opportunities, and challenges to the mobile computer market?
- Who are the major players in the mobile computers market?
- How is the competitive landscape in the mobile computers market?
- What are the recent developments in the mobile computers market?
- What are the various strategies adopted by the key players in the mobile computers market?
- What are the key geographic trends, and which are the high-growth countries?
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