The mobile computer market is on an impressive growth trajectory, projected to register a CAGR of 7.4% from 2022 to 2029, reaching a valuation of USD 3.3 billion by 2029. This growth is driven by the rising need to eliminate manual data capture and entry errors, growing government initiatives for the use of AIDC technology, and increasing demand in warehouses and distribution centers. Rugged mobile computers, known for their durability and compact design, are becoming essential across various sectors, including warehouse management, transportation, field mobility, retail, logistics, manufacturing, e-commerce, and healthcare.
The Impact of COVID-19 on the Mobile Computer Market
The COVID-19 pandemic significantly impacted the global economy, with various industries struggling due to disrupted supply chains, workforce scarcity, and employee safety challenges. However, the pandemic also accelerated the adoption of mobile computers, especially in the e-commerce, warehouse, and logistics sectors. As governments imposed strict lockdowns, the demand for mobile computers surged to meet the high demand in these sectors.
Government and Private Sector Initiatives
Governments and private sector organizations undertook various initiatives to combat the spread of COVID-19 and ensure employee safety. The e-commerce sector, in particular, experienced high demand for next-day home delivery, click & collect, and curbside pickup options. This surge led to an increased adoption of mobile computers to fulfill these demands efficiently.
Growth in Warehouse and Logistics
With the high demand from the e-commerce sector, peripheral industries such as warehouses and logistics also experienced growth. Mobile computers became crucial in ensuring safe and efficient operations in these sectors. For instance, Honeywell's CT45 and CT45XP rugged enterprise mobile devices, launched in July 2021, are designed for workers who pick, pack, sort, and deliver e-commerce orders, highlighting the importance of mobile computers in the logistics chain.
Rising Need to Eliminate Manual Data Capture and Entry Errors
Automatic identification and data capture (AIDC) technologies, integral to mobile computers, provide a reliable means to collect information without manual data entry. This technology is vital in modern organizations where data accuracy is crucial for strategic decision-making. Errors in data capture can lead to incorrect outcomes, poor decision-making, and increased expenditure.
Importance in Healthcare
In the healthcare sector, mobile computers are becoming indispensable due to their ability to maintain data accuracy and safety. Healthcare-grade mobile computers help keep both patients and staff safe, especially during health crises like the COVID-19 pandemic. Additionally, the food and beverage industry also benefits from the compact structure, portability, and easy installation of mobile computers.
Key Findings in the Mobile Computers Market Study
Full-touch PDA-based Mobile Computers Segment Dominates
Based on device type, the full-touch PDA-based mobile computers segment is expected to dominate the market in 2022. This segment's large market share is attributed to the growing adoption by end-use industries due to benefits such as more screen space and greater customization capabilities.
Handheld Computers Segment Leads in Portability
The handheld computers segment is estimated to account for the largest market share in 2022. The demand for non-contact temperature assessment devices during COVID-19 significantly boosted this segment. Handheld mobile computers are favored for their on-the-go data entry capabilities, smaller size, and touchscreen features, making data entry easier and error-free.
Warehouse & Logistics Segment Holds the Largest Market Share
The warehouse & logistics segment is expected to hold the largest market share in 2022. This dominance is due to the high data entry requirements in the warehouse and logistics industry. Mobile computers help verify shipments, ensure accurate picking and put away, initiate replenishment orders, and validate orders during picking and packing.
Fastest Growth Expected in Healthcare Segment
The healthcare segment is projected to be the fastest-growing during the forecast period. The COVID-19 pandemic has driven demand for healthcare-grade mobile computers, which are crucial for maintaining hygiene and safety in healthcare facilities.
Regional Insights: Asia-Pacific Leads the Market
Asia-Pacific is expected to account for the largest share of the mobile computer market in 2022. The region's high market growth is driven by the increased adoption rate of mobile computers across various end-use industries such as healthcare, banking & finance, manufacturing, retail, and e-commerce. The pandemic has accelerated this adoption, further boosting market growth.
Based on geography, the mobile computers market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is estimated to account for the largest market share due to the large adoption of mobile computers in regional industries such as healthcare, retail, e-commerce, and manufacturing. The Asia-Pacific region is slated to register the highest CAGR during the forecast period. The growing market of e-commerce, manufacturing, and other end-use industries in countries such as China, India, South Korea, Singapore, and Japan is driving the adoption of mobile computers.
Key Players:
The key players operating in the mobile computer market include Newland EMEA (Netherlands), Zebra Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Datalogic S.P.A. (Italy), Bluebird Inc. (South Korea), Opticon Sensors Europe B.V. (Netherlands), Winmate, Inc. (Taiwan), JLT Mobile Contacts (Sweden), Wasp Barcode Technologies (U.S.), Keyence Corporation of America (U.S.), Transition Products Inc. (U.S.), Handheld Group (Sweden), Comark (U.S.), Advantech Co., Ltd. (Taiwan), and Denso ADC (U.S.).
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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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