HYBRID DEVICES MARKET ANALYSIS

The high cost of advanced hybrid devices is significantly restraining the growth of the global hybrid devices market. Hybrid devices that combine the functionalities of two distinct device categories promise enhanced user experience and capabilities. However, their development and manufacturing involve incorporating hardware and software from two different product lines into a unified system. This results in increased Bill of Materials (BOM) costs for manufacturers compared to conventional devices focusing on a single category. Additionally, achieving optimal integration of disparate hardware and software components from say a smartphone and laptop into a seamless hybrid form factor is technically challenging. Extensive research and development investments are required to ensure reliability of the hybrid design and user experience at par with mainstream dedicated devices.

Market Opportunities: Emergence of 5G technology

The emergence of 5G technology heralds a great opportunity for growth in the global hybrid devices market. 5G offers ultra-fast internet speeds along with low latency which will enable the development of innovative form factors that blend the capabilities of smartphones, laptops and tablets. With 5G, devices will have the processing power and connectivity to support new applications around augmented and virtual reality, artificial intelligence, cloud computing, and internet of things. This will drive demand for hybrid devices that can seamlessly switch between mobile and desktop modes of computing.

Some of the recent trends that showcase immense potential include the rise of foldable and dual-screen devices. Major manufacturers have launched products that can transform from a smartphone into a mini-tablet or devices and offer two interactive displays in single form factor. 5G will allow such novel designs to fulfill their true capabilities with enriched multimedia and multi-tasking experiences. The faster speeds will enable seamless streaming of high-resolution content and running of resource-intensive applications simultaneously across displays. Furthermore, 5G is expected to accelerate the adoption of e-learning worldwide. Hybrid devices leveraging 5G can enhance virtual and blended classroom models by offering versatility of a desktop computer alongside mobility.