Which sectors and device markets are expected to see most growth in the next 5 years? Ask DATAportl!

With our latest updates, DATAportl boasts coverage of over 150 device markets spanning several segments, from headphones to home security. This extensive dataset empowers our clients to make well-informed decisions regarding their target markets and key players within those markets.

Taking a broad view of the data, it’s evident that several market segments are poised for significant growth over the next five years, while others may not fare as well. The top three growth segments are:

  • Charging – including electric vehicle charging, energy storage, and device charging sub-sectors.
  • Portables – including portable medical, battery powered tools, and other sub-sectors.
  • Smart Home – including sensors/controllers, robotics & home security sub-sectors.

As well as seeing large growth, the sectors above combined are expected to ship approximately 50 billion devices over the next 5 years. That’s out of a total 85+ billion total devices shipped from 2024 to 2029 that are covered by DATAportl.

Digging deeper into the data, we’ve identified 25 device markets that are forecasted to achieve a compound annual growth rate (CAGR) exceeding 10% over the next five years. Some of these markets are being driven by the transition towards clean fuels and the adoption of battery technology, such as electric cars, light commercial vehicles, trucks, buses, kick scooters, and motorcycles. Others are experiencing strong growth due to the integration of “smart” technologies, such as door locks, light switches, and ovens. Additionally, the rise of robotics is fuelling markets for vacuum cleaners, drones, and other consumer robotics.

There are 100s of other markets covered in DATAportl, and it could help you identify your next target market or help you avoid a market that is in decline. As well as identifying which brands you should be talking to.

If you’re interested in exploring the wealth of data available on DATAportl, we invite you to sign up for a free trial today.



Scroll to Top