Asia Pacific IT Device Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia-Pacific IT Device Market is Segmented by Type (PCs - Laptops, Desktop PCs and Tablets, and Phones - Land Lines, Smart Phones, and Feature Phones) and Geography (Australia, China, India, Japan, Indonesia, Malaysia, Singapore, South Korea, Taiwan, Thailand, and Rest of Asia-pacific). The market sizes and forecasts are provided in terms of value in USD million for all the above-mentioned segments.

APAC IT Device Market Size

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Asia Pacific IT Device Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 1.90 %
Market Concentration Low

Major Players

Asia Pacific IT Device Market Major Players

*Disclaimer: Major Players sorted in no particular order

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APAC IT Device Market Analysis

The Asia-Pacific IT device market is expected to grow at a CAGR of 1.9% for the next five years. The region is one of the leading IT device markets across the globe. The Asia-Pacific IT device market is expected to witness growth during the forecast period, owing to the growing telecom market and rapidly rising population.

  • The fastest growth of the IT device market is anticipated to be in the Asia-Pacific region. The growth of IT companies in nations like China, Japan, and India boosted the demand for tech devices like smartphones, tablets, and laptops in Asia-Pacific. In addition, regional demand is anticipated to increase owing to the upswing in the disposable income of people.
  • Asia-Pacific holds a significant share in manufacturing IT devices like laptops, desktop computers, and mobile phones. On the back of its excellent technological presence, China has a significant share of manufacturing and exporting IT devices to the rest of the world. Also, it continues to be the major provider of desktop computers in the Asia-Pacific region in terms of value, accounting for around 61% of global exports last year. Notably, from a continental standpoint, USD 217.6 billion, or 82.3%, of all mobile phones exported last year were produced by vendors in Asia.
  • The Asia-Pacific region was affected by the interruptions to global supply chains caused by COVID-19 and geopolitical events, which influenced sourcing, logistics, manufacturing, distribution, and aftermarket services. Also, the geopolitical tension between the United States and China has pressurized the region's IT device market.
  • However, the Asia-Pacific IT device market continues to benefit greatly from the mobile environment. The growing population impacting the overall mobile subscription rate, vast mobile broadband coverage, and market-leading 5G rollout are anticipated to impact the demand for mobiles during the forecast period.
  • Post-covid, the demand for desktop PCs is expected to witness a sharp decline. This is mostly because of the withdrawal of work-from-home restrictions and the gradual opening of companies. However, due to the continuation of hybrid work models in many of the top countries of the Asia Pacific region, there would be a persisting demand for laptops and tablets going forward. Also, the people understood the importance of IT devices during the lockdowns. This new perspective is expected to continue to support the PCs segment (laptops, tablets, and desktop demand) in the long run.

APAC IT Device Market Trends

This section covers the major market trends shaping the APAC IT Device Market according to our research experts:

Robust Demand for Smart Phones

  • The smartphone segment of the Asia-Pacific IT device market significantly impacted the economy, contributing 5% of the region's GDP, or USD 770 billion in additional economic value last year. According to the Mobile Economy Asia-Pacific report by GSMA, the number of unique mobile subscriptions in Asia-Pacific is expected to rise from 1.6 billion in the last year to 1.8 billion in 2025. Notably, the mobile penetration rate may increase from 59% to 62% from 2021 to 2025.
  • Mobile internet penetration for the region is expected to escalate from 44% in 2021 to 52% in 2025. This growth is attributable to the expected surge in the number of mobile internet users in the region. Furthermore, the GSMA report predicts a significant jump of not less than 200 million new sim connections from 2021 to 2025 in the region. This results in the sim card penetration rate moving from 100% in 2021 to 105% in 2025.
  • During the second quarter of 2022, the global smartphone market was dominated by Samsung Electronics, followed by Apple. The other strong players in the market during the period mentioned above are Oppo, Xiaomi, and Vivo. Most of the global smartphone market is held by Asia-Pacific manufacturers. Also, in the future, tech manufacturing organizations in Asia Pacific regions are expected to invest more funds, primarily in business process automation, automated process enforcement, and supply chain planning.
  • Customers are choosing smartphones with better technology and improved features in terms of memory, camera capacity, and refresh rates. Notably, owing to the rapid rollout of 5G in countries like China, South Korea Japan, along with the inclusion of cutting-edge innovative technology like IoT and AI in the devices, is constantly pushing the demand for new technology-enabled smartphones. As the technology ecosystem is ever-changing, there will be a consistent demand for newer-generation smartphones in this region.
  • According to GSMA, for the Asia Pacific region, the adoption rate of smartphones reached 74% in 2021 and is projected to increase to 84% by 2025. In addition, it is anticipated that 62% of mobile subscribers will be present in the same year. Encouragingly, the smartphone adoption rate for this region is anticipated to be 20% in the period between 2019 to 2025.
Asia Pacific IT Device Market: Adoption rate of smartphones in the Asia- Pacific region from 2019 to 2021 with a forecast for 2025

China Holds a Substantial Market

  • China has the highest population in the world, and the country is one of the topmost technologically developed countries globally. China's rapid technological advancements are leading the demand for innovative IT devices. China leads the pack in many areas, such as artificial intelligence (AI), 5G telecommunication networks, telephone device making, and many others.
  • China is now the market leader for IT devices worldwide, ahead of the United States, Japan, and India. For the last year, China had the phone segment's highest revenue. Data from GSMA Intelligence shows that China had 1.63 billion mobile phone connections at the start of this year. The top two smartphone manufacturers in 2Q of this year were Honor and Vivo.
  • Although the public sector's activities in China's PC industry are causing turmoil, the robust growth witnessed last year highlights the immensity of the untapped market. China's PC market grew 9% and approximately more than 16 million in 4Q of 2021. During the previous financial year, China saw robust laptop and Notebook shipments. Lenovo is the leading player in the Chinese PC market, followed by HP and Dell.
  • Notably, supercomputers have advanced significantly in recent years as processing power is increasingly in demand. Due to the inclusion of 186 Chinese supercomputers on the most current list of the world's Top-500 supercomputers, which accounts for roughly 40% of all those on the list, China is now the No. 1 owner of the fastest supercomputers in the world for the eighth time since November 2017. The Chinese government might use up to ten exascale supercomputers by 2025.
  • Furthermore, it is anticipated that 5G will gradually alter how people currently use their phones. 5G has also emerged as a prominent participant in the smartphone sector. Across the country, the demand and shipments of 5G-capable smartphones have drastically increased during the last few quarters.
  • According to GSMA, 5G connections in China are anticipated to reach 460 million by 2025, making up 28% of all national connections. The size of the Chinese market was anticipated to surpass the combined size of commercial 5G services in South Korea, the United States, Australia, and the United Kingdom, with a predicted average annual growth rate of 63%.
Asia Pacific IT Device Market: Forecasted number of 5G connections in China from 2020 to 2025, In Millions

APAC IT Device Industry Overview

The Asia Pacific IT Device market is highly fragmented as it currently consists of many players. Several key players in the market are in constant efforts to bring advancements. A few prominent companies are entering into collaborations and expanding their global footprints in developing regions to consolidate their positions in the market. The major players in this market include Dell Inc., Lenovo Group Limited, Apple Inc., Samsung Electronics Co. Ltd, and Microsoft Corporation.

  • In September 2022, Apple confirmed that it had started producing the iPhone 14 in India weeks before schedule. The Indian government is eager to position India as a genuine rival to China regarding technology and industrial capacity.
  • In August 2022, Lenovo announced that it is partnering with multiple organizations across the Asia Pacific to equip young people with tech skills for the future. Beneficiary companies include the TNS India Foundation (TNSIF), Waffle in Japan, Code Like A Girl in Australia and New Zealand, and Solve Education! in markets throughout ASEAN, including Indonesia, Malaysia, the Philippines, Hong Kong, and Singapore.

APAC IT Device Market Leaders

  1. Apple Inc

  2. Huawei Technologies Co., Ltd.

  3. Xiaomi Corporation

  4. Lenovo Group Limited

  5. HP Inc.

*Disclaimer: Major Players sorted in no particular order

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APAC IT Device Market News

  • July 2022: Samsung Electronics, the leading telephone brand in the world, announced the launch of Samsung Newsroom Singapore. The Samsung Newsroom in Southeast Asia, located in Singapore, would offer various information, including press releases, live broadcasts of local and international Samsung events, and high-quality photos and videos.
  • June 2022: Huawei introduced new technologies that Would transform AI, 5G, and user experience. The recognized innovations include a game-changing "optical iris" that would act as an optical fiber identifier and an adder neural network that drastically decreases power consumption and circuit size. It is intended to aid carriers in managing the resources on their networks, reducing the time and expense involved in the broadband rollout.

APAC IT Device Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness-Porter's Five Force Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Impact of COVID-19 on the IT Device Industry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Rising Demand of 5G Enabled Smartphones

      2. 5.1.2 Robust Technological Presence in China

    2. 5.2 Market Restraints

      1. 5.2.1 Supply Chain Disruption Owing to COVID-19

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 PC's

        1. 6.1.1.1 Laptops

        2. 6.1.1.2 Desktop PCs

        3. 6.1.1.3 Tablets

      2. 6.1.2 Phones

        1. 6.1.2.1 Landline Phones

        2. 6.1.2.2 Smartphones

        3. 6.1.2.3 Feature Phones

    2. 6.2 By Geography

      1. 6.2.1 Australia

      2. 6.2.2 China

      3. 6.2.3 India

      4. 6.2.4 Japan

      5. 6.2.5 Indonesia

      6. 6.2.6 Malaysia

      7. 6.2.7 Singapore

      8. 6.2.8 South Korea

      9. 6.2.9 Taiwan

      10. 6.2.10 Thailand

      11. 6.2.11 Rest of Asia-pacific

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 HP Inc.

      2. 7.1.2 Dell Technologies

      3. 7.1.3 Acer Group

      4. 7.1.4 Lenovo Group Limited

      5. 7.1.5 ASUSTek Computer Inc

      6. 7.1.6 Apple Inc

      7. 7.1.7 Microsoft Corporation

      8. 7.1.8 Haier Group Corporation

      9. 7.1.9 Honor Technology, Inc.

      10. 7.1.10 Samsung Electronics Co., Ltd.

      11. 7.1.11 Motorola Solutions, Inc.

      12. 7.1.12 LG Corporation

      13. 7.1.13 Google LLC

      14. 7.1.14 Sony Corporation

      15. 7.1.15 Xiaomi Corporation

      16. 7.1.16 Huawei Technologies Co., Ltd.

      17. 7.1.17 Guangdong Oppo Mobile Telecommunications Corp., Ltd

      18. 7.1.18 Vivo Communication Technology Co. Ltd.

      19. 7.1.19 Xiaomi Corporation

      20. 7.1.20 Huawei Technologies Co., Ltd.

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE TRENDS

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APAC IT Device Industry Segmentation

As digitalization advances, hardware components are continuously updated to meet the most recent requirements. PCs and phones are the sectors that make up the devices market in the Technology Market Outlook.

The Asia-Pacific IT device market is segmented by type (PCs - laptops, desktop PCs and tablets, and phones - landlines, smartphones, and feature phones) and geography (Australia, China, India, Japan, Indonesia, Malaysia, Singapore, South Korea, Taiwan, Thailand, and Rest of Asia-pacific). The market sizes and forecasts are provided in terms of value in USD million for all the above-mentioned segments.

By Type
PC's
Laptops
Desktop PCs
Tablets
Phones
Landline Phones
Smartphones
Feature Phones
By Geography
Australia
China
India
Japan
Indonesia
Malaysia
Singapore
South Korea
Taiwan
Thailand
Rest of Asia-pacific
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APAC IT Device Market Research FAQs

The Asia Pacific IT Device Market is projected to register a CAGR of 1.9% during the forecast period (2024-2029)

Apple Inc , Huawei Technologies Co., Ltd., Xiaomi Corporation, Lenovo Group Limited and HP Inc. are the major companies operating in the Asia Pacific IT Device Market.

The report covers the Asia Pacific IT Device Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific IT Device Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia Pacific IT Device Industry Report

Statistics for the 2024 Asia Pacific IT Device market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific IT Device analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia Pacific IT Device Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)