Commercial Handheld Terminal Market Size, Report, 2032

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global commercial handheld terminal market size was USD 3256.1 million in 2021 and is expected to reach USD 8631.6 million in 2032, at CAGR of 9.27% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A commercial handheld terminal, often referred to as a mobile computer or handheld computer, is a portable electronic device designed for business and industrial use. These devices combine the functionalities of a computer with the convenience of a handheld device, making them suitable for various applications in retail, logistics, healthcare, manufacturing, and more.

Commercial handheld terminal market is driven by factors including increasing adoption of mobile technology, rising e-commerce and retail activities, logistics and transportation sector, advancements in technology, healthcare sector adoption and government and public sector applications.

The pandemic disrupted global supply chains, affecting the manufacturing and distribution of various electronic devices, including commercial handheld terminal. Delays in production, transportation, and logistics led to shortages and increased costs. The demand for handheld terminals shifted during the pandemic. Industries such as healthcare, logistics, and retail experienced increased demand for mobile solutions to support remote work, contactless transactions, and inventory management. The economic impact of the pandemic resulted in budget constraints for businesses, influencing their investment decisions. Some industries reduced spending on non-essential equipment, while others prioritized technology to adapt to new working conditions. Economic challenges and uncertainties caused by the pandemic may have affected the purchasing decisions of businesses. Some companies might have postponed or scaled back investments in technology, including handheld terminals.

"Integration of Advanced Technologies to Fuel Market Growth"

Commercial handheld terminals are increasingly incorporating advanced technologies such as RFID (Radio-Frequency Identification), NFC (Near Field Communication), and biometrics for improved data capture and security. The adoption of handheld terminals for mobile POS systems has been growing. Businesses, especially in the retail and hospitality sectors, are using these devices for processing transactions, managing inventory, and enhancing customer experiences. Handheld terminals are being integrated with cloud-based solutions for real-time data synchronization, accessibility, and analytics. This facilitates remote monitoring and management of data collected through handheld devices. There is a continued demand for rugged handheld terminals that can withstand harsh environments. Industries such as logistics, manufacturing, and field services require durable devices that can handle rough handling and challenging conditions.

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According to type, the market can be segmented into Touch Screen, Keyboard.

Based on application, the market can be divided into Logistics Industry, Retail Industry, Financial Sector, Others.

"Rising Adoption of Mobile Technologies to Drive Market Growth"

Increasing adoption of mobile technologies and the proliferation of smartphones have created a demand for handheld terminals that offer more robust and specialized functionalities for business applications. The growth of e-commerce and the retail sector has driven the need for efficient inventory management, order processing, and real-time data access. Handheld terminals play a crucial role in streamlining these processes. Handheld terminals are widely used in logistics and supply chain management for tasks such as inventory tracking, order fulfilment, and route optimization. The need for real-time visibility and accurate data in these processes contributes to commercial handheld terminal market growth.

"Demand for Data Accuracy and Efficiency to Accelerate Market Demand"

Industries such as healthcare, manufacturing, and field services require accurate and real-time data for decision-making. Handheld terminals help in data collection, reducing errors, and improving overall operational efficiency. Ongoing advancements in technology, such as improved data capture capabilities, enhanced processing power, and better connectivity options, make modern handheld terminals more versatile and capable of handling complex tasks. Government initiatives to modernize public services and improve data collection in areas like healthcare, transportation, and public safety contribute to the adoption of commercial handheld terminals.

"Regulatory Compliance to Restrict Market Growth "

Commercial handheld terminals can be relatively expensive, especially for small and medium-sized businesses. The initial investment in acquiring these devices, along with potential ongoing costs for maintenance, software updates, and support services, might pose a financial challenge for some businesses. Integrating handheld terminals into existing business systems can be complex. Compatibility issues with existing software or hardware infrastructure may arise, leading to additional costs and delays in implementation.

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"North America Anticipated to Drive Market Expansion owing to Presence of Key Players "

North America holds leading position in commercial handheld terminal market share. The U.S. and Canada have been significant players in the market. The region has a highly developed economy, and businesses across various sectors, including retail, logistics, and healthcare, adopt handheld terminals for inventory management, point-of-sale transactions, and other applications.

"Adoption Innovative Strategies by Key Players Influencing Market Growth"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.

The top key players in the market are Honeywell, BLUEBIRD, DENSO WAVE, Zebra Technologies, CASIO, Keyence, Handheld Group. The strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates market demand.

This report examines an understanding of the Commercial handheld terminal market’s size, share, and growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.

Market Size Value In

US$ 3256.1 Million in 2021

Market Size Value By

US$ 8631.6 Million by 2032

Growth Rate

CAGR of 9.27% from 2021 to 2032

Forecast Period

2024-2032

Base Year

2023

Historical Data Available

Yes

Regional Scope

Global

Segments Covered

By Type

By Application

The global Commercial handheld terminal market is expected to touch USD 8631.6 million by 2032.

The Commercial handheld terminal market is expected to exhibit a CAGR of 9.27% over 2032.

Integration of advanced technologies and rising adoption of mobile technologies offerings are the driving factors of the Commercial handheld terminal market.

Honeywell, BLUEBIRD, DENSO WAVE, Zebra Technologies, CASIO, Keyence, Handheld Group are the top companies operating in the Commercial handheld terminal market.