Unveiling Tomorrow’s Tech Giants: India & China Lead the Charge in Reshaping the PC Market Landscape for 2024 and Beyond

Unveiling Tomorrow's Tech Giants India & China Lead the Charge in Reshaping the PC Market Landscape for 2024 and Beyond - Before You Take
Facebook
Twitter
LinkedIn
WhatsApp
Telegram
ADVERTISEMENT

 

In the wake of the Covid-19 pandemic that reshaped our lifestyles and consumer habits, the global electronics market experienced unprecedented shifts. From a surge in demand for personal computing devices during lockdowns to a subsequent slowdown as life returned to normal, the journey has been eventful. However, recent industry reports paint an optimistic picture, highlighting India and China as the frontrunners in leading the global PC market recovery in 2024. Let’s dive into the details under the following subtitles:

 

Key Points

 

Market Dynamics: From the pandemic-induced surge to the subsequent slowdown, the PC market has witnessed significant shifts.

 

India and China: Emerging as leaders in driving the PC market recovery with anticipated growth rates.

 

Key Trends: AI-powered PCs and locally manufactured devices are driving growth in both markets.

 

Market Share: Leading brands in India and China are poised to benefit from the resurgence.

 

Features of PC Market Recovery

 

India: Robust 14% year-on-year increase in the PC market, with tablets leading growth at 24%.

 

China: Rebound expected with 3% growth in 2024, accelerating to 10% in 2025, driven by commercial sector demand.

 

Trends Driving Growth

 

AI-powered PCs: Enhancing efficiency and performance, catering to evolving consumer needs.

 

Locally Manufactured Devices: Contributing to market resilience and meeting demand for innovative solutions.

 

Indian Market Growth Data (2023 vs. 2022)

 

Lenovo: 38% market share in 2023, down from 39% in 2022 (-1% annual growth)

 

HP: 10% market share in 2023, up from 9% in 2022 (+1% annual growth)

 

Huawei: 10% market share in 2023, up from 7% in 2022 (+3% annual growth)

 

Dell: 8% market share in 2023, down from 11% in 2022 (-3% annual growth)

 

Asus: 7% market share in 2023, down from 8% in 2022 (-1% annual growth)

 

Others: 28% market share in 2023, up from 26% in 2022 (+2% annual growth)

 

Chinese Market Growth Data (2023 vs. 2022)

 

Apple: 32% market share in 2023, down from 37% in 2022 (-5% annual growth)

 

Huawei: 23% market share in 2023, up from 15% in 2022 (+8% annual growth)

 

Xiaomi: 12% market share in 2023, down from 14% in 2022 (-2% annual growth)

 

HONOR: 11% market share in 2023, up from 9% in 2022 (+2% annual growth)

 

Lenovo: 8% market share in 2023, unchanged from 2022 (0% annual growth)

 

Others: 15% market share in 2023, unchanged from 2022 (0% annual growth)

 

Conclusion: Optimistic Outlook for PC Market

The anticipated recovery of the PC market in India and China in 2024 signals a positive trajectory for the global electronics industry. With advancements in technology and changing consumer preferences, coupled with digitalization initiatives, the stage is set for substantial growth in the coming years. As industry leaders adapt to emerging trends and capitalize on market opportunities, the future looks promising for the PC market, promising innovation and enhanced user experiences for consumers worldwide.

 

 

Follow Before You Take on Facebook | Twitter | WhatsApp Channel | Instagram | Telegram | Threads | LinkedIn, For the Latest Technology News & Updates | Latest Electric Vehicles News | Electronics News

We will be happy to hear your thoughts

Leave a reply

Also, Read

ADVERTISEMENT

Latest News

ADVERTISEMENT
Deal of the Day
ADVERTISEMENT

Related or Latest Posts

ADVERTISEMENT
Deal of the Day
ADVERTISEMENT

Mobiles | Tablets

ADVERTISEMENT

Laptops | Desktops | Monitors

ADVERTISEMENT

Smartwatches | Smart Rings | TWS Earbuds

ADVERTISEMENT

Latest Electric Vehicles News

ADVERTISEMENT

Televisions | TV Sticks | Projectors

ADVERTISEMENT

Speakers | Soundbars | Headphones | keyboards | Mouse

ADVERTISEMENT

Power Banks | Wireless Chargers | Trimmer

ADVERTISEMENT

Air Fryers | Electric Kettles & Heaters | Vacuum Cleaners

ADVERTISEMENT

Refrigerators | Microwave Ovens | Water Purifier

ADVERTISEMENT

Cameras | Drones

ADVERTISEMENT

IT Industry | Business News

ADVERTISEMENT

Latest Space News & Updates

ADVERTISEMENT

Latest OTT Releases

ADVERTISEMENT

New Launches | Informative News | Software Updates

ADVERTISEMENT

Events News | Tech Reviews | Offer Sale | Web Stories

ADVERTISEMENT

Telecom News | Sports News

ADVERTISEMENT

Latest Gaming News & Updates

ADVERTISEMENT

3D Printers | AR VR Headsets News

Before You Take
Logo
Register New Account
Reset Password
Compare items
  • Total (0)
Compare