“Global Mini PCs Market to reach a market value of USD 29.4 Billion by 2031 growing at a CAGR of 4.3%”
The Global Mini PCs Market size is expected to reach $29.4 billion by 2031, rising at a market growth of 4.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 42,433.6 thousand units, experiencing a growth of 11.2% (2020-2023).
Mini PCs are often used for multitasking, such as web browsing, content creation, multimedia playback, and office productivity tasks. Consequently, the memory segment would generate 22% revenue share of the market by 2031. Therefore, the Mexico market utilized 539.8 thousand units of Mini PCs in home entertainment sector in 2031. Adequate memory allows users to run multiple applications simultaneously without experiencing slowdowns or performance bottlenecks.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In March 2024, ASUSTeK Computer Inc. unveiled the ASUS NUC 14 Pro, a mini-PC, at CES 2024. The product features an Intel® Core Ultra 7 or 5 processor powered by three AI engines: a graphics processing unit (GPU), a neural processing unit (NPU), and a central processing unit (CPU) for best performance. In February 2024, Acer, Inc. unveiled the Acer Chromebox Mini, a mini-PC. The product features Chrome OS, 6W Intel Jasper Lake processors, supports up to 16 GB of RAM and 128 GB of storage, and can output three 4K displays at the same time.
Based on the Analysis presented in the KBV Cardinal matrix; Apple, Inc. is the forerunners in the Mini PCs Market. In January 2023, Apple, Inc. launched the Mac Mini, a small, portable desktop computer. The Mac mini features an M2 and M2 Pro chip offering high performance and supports up to three displays on the M2 Pro model. And Companies such as Dell Technologies, Inc., HP, Inc. and Lenovo Group Limited are some of the key innovators in Mini PCs Market.
Mini PCs are designed to be significantly smaller than traditional desktop computers, making them ideal for environments where space is limited. This compact design allows users to place the mini PC on their desk without taking up much space or even mount it behind a monitor for a clutter-free setup. The small form factor of mini PCs makes them highly portable. Hence, the space-saving design of mini PCs promotes market growth.
Additionally, Mini PCs are generally designed to be energy-efficient, consuming less power than traditional desktop computers. This reduced power consumption translates to lower electricity bills for users and contributes to overall energy conservation. Consumers and businesses are seeking more sustainable computing solutions with increasing awareness of environmental issues such as climate change and carbon emissions. Therefore, energy efficiency and sustainability are driving the growth of the market.
Mini PCs often utilize low-power processors and integrated graphics, which may not offer the same level of performance as larger desktop computers or dedicated gaming rigs. This limitation can impact the mini PC’s ability to handle demanding tasks such as high-resolution gaming, video editing, or intensive computational workloads. In conclusion, constraint of limited performance is hampering the market’s growth.
On the basis of components, the market is segmented into processor, memory, storage, GPU, and others. The processor segment recorded a 40.8% revenue share in the market in 2023. Processors serve as the central processing unit (CPU) of mini PCs, responsible for executing instructions and performing calculations. The processor is the primary determinant of the mini PC’s performance, influencing tasks such as multitasking, data processing, and software execution. Therefore, the processor segment holds significant importance in the mini PCs market, directly impacting the overall computing experience.
Based on application, the market is divided into home entertainment, gaming, digital signage, industrial automation, and others. The gaming segment attained a 19.3% revenue share in the market in 2023. In terms of volume, home entertainment segment would register 14,642.9 thousand units in 2023. With hardware and software compatibility advancements, mini PCs can now deliver a console-like gaming experience when connected to a TV or multimedia display. Gamers can enjoy their favorite titles from the comfort of their living room, using controllers or wireless peripherals, without needing a dedicated gaming console.
Based on industry vertical, the market is categorized into consumer electronics, corporate, retail, manufacturing, education, and others. In 2023, the consumer electronics segment registered a 33.4% revenue share in the mini PCs market. Mini PCs offer flexibility and versatility regarding usage scenarios, allowing users to customize their computing experience according to their needs. Whether streaming movies, browsing the web, editing photos, or gaming, mini-PCs provide a single platform for entertainment and productivity tasks. Also, mini-PCs appeal to eco-conscious consumers seeking energy-efficient computing solutions for their home or office.
Free Valuable Insights: Global Mini PCs Market size to reach USD 29.4 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region generated a 23.9% revenue share in the mini-PCs market. The Asia Pacific region is experiencing rapid urbanization and population growth, leading to increased demand for compact computing solutions in densely populated urban areas. Mini PCs offer space-saving designs suitable for small living spaces, apartments, and urban households, making them popular among city dwellers seeking efficient computing solutions.
The Mini PC market is highly competitive, with established tech giants like Apple, Inc., HP, Inc., and Dell Technologies, Inc. alongside smaller players. Competition centers on factors like performance, price, form factor, and features. Niche manufacturers also contribute, catering to specialized needs such as gaming or industrial use. The market is influenced by technological advancements and evolving consumer preferences, particularly regarding graphics capabilities for gaming and content creation.
| Report Attribute | Details |
|---|---|
| Marketsize value in 2023 | USD 21.3 Billion |
| Marketsize forecast in 2031 | USD 29.4 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 4.3% from 2024 to 2031 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 412 |
| Number of Tables | 833 |
| Report coverage | MarketTrends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Component, Industry Vertical, Application, Region |
| Country scope |
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| Companies Included | Dell Technologies, Inc., Acer, Inc., HP, Inc., ASUSTeK Computer Inc., Lenovo Group Limited, Apple, Inc., Advanced Micro Devices, Inc., ASRock Inc., Zotac Technology Limited (PC Partner Group Limited), GIGA-BYTE Technology Co., Ltd. |
By Component (Volume, Thousand Units, USD Billion, 2020-2031)
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
By Industry Vertical (Volume, Thousand Units, USD Billion, 2020-2031)
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)
The Market size is projected to reach USD 29.4 billion by 2031.
Space-Saving Design of Mini Pcs are driving the Market in coming years, however, Constraint of Limited Performance restraints the growth of the Market.
Dell Technologies, Inc., Acer, Inc., HP, Inc., ASUSTeK Computer Inc., Lenovo Group Limited, Apple, Inc., Advanced Micro Devices, Inc., ASRock Inc., Zotac Technology Limited (PC Partner Group Limited), GIGA-BYTE Technology Co., Ltd.
In the year 2023, the market attained a volume of 42,433.6 thousand units, experiencing a growth of 11.2% (2020-2023).
The Home Entertainment segment is leading the Market by Application in 2023 thereby, achieving a market value of $9.3 billion by 2031.
The North America region dominated the Market by Region in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $10.9 billion by 2031.
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