Hardware

The world of computing and computer hardware is a fast and ever-evolving market. The latest trends released just the other day may be redundant after only a few years as the market continues to innovate and excite. The tech hardware industry includes computer hardware and technology, peripheral devices, infrastructure, and semiconductors.

Along the tech hardware value chain are several globally recognized players, including Apple, Dell, IBM, and Intel. However, competition is stiff, with tech firms across the world investing heavily in research and development in order to maintain their lead in the market and continue to develop innovative products and services. As a result, many of the leading companies in the hardware industry are among the world’s largest and richest companies.

Market size

Tech hardware spending affected as economic uncertainty grips the world

Information technology (IT) spending year-over-year growth worldwide from 2016 to 2023, by segment

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Further details: Visit original statistic Information technology (IT) spending year-over-year growth worldwide from 2016 to 2023, by segment

Disruptions to supply chains, impacts on the workforce, and demands brought about by the transition to a new way of life have resulted in businesses along the entire electronics value chain having to evaluate and modify their operations. The global economic crisis has exacerbated problems within the tech hardware industry, with device spending expected to fall for the second year in a row in 2023 as buyers lengthen refresh cycles – a trend that is expected to last until 2024.

Tech trends 2023
PCs
Computer peripherals

Market segments

The PC market suffers due to lower demand and product life extension

Personal computer (PC) vendor shipments worldwide from 2009 to 2023, by quarter (in million units)

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Further details: Visit original statistic Personal computer (PC) vendor shipments worldwide from 2009 to 2023, by quarter (in million units)

Following strong growth through the pandemic as consumers and enterprises purchased new devices, global PC shipments fell by over 15 percent in 2022. A decline of 30 percent was recorded in the first quarter of 2023 – one of the sharpest declines on record and attributed to the slowdown in the global economy. To counter this, PC vendors are expected to focus on software and service provision upgrades while the market recovers, including PC as a service (PCaaS) offerings to mitigate costs.

Lenovo
HP
Dell

Industry trends

Despite a period of recession, data center spending remains positive

Information technology (IT) spending on data center systems worldwide from 2012 to 2024 (in billion U.S. dollars)

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Further details: Visit original statistic Information technology (IT) spending on data center systems worldwide from 2012 to 2024 (in billion U.S. dollars)

Data centers are forecast to receive increased investment in 2023. Security and efficiency have been enhanced by the implementation of artificial intelligence (AI), processes that require specialized AI chips. Advanced applications such as 5G, the Internet of Things, and generative AI will benefit from advancements in AI chip technology and the development of both hyperscale and edge data centers – specialized facilities located closer to end-users.

Data centers
AI chips
Nvidia

Industry leaders

Safeguarding the steady supply of semiconductors has become a top priority

Semiconductor market revenue growth worldwide from 1988 to 2024

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Governments and companies across the entire semiconductor value chain have had to navigate changing demands, supply chain imbalances, and geopolitical factors. As a result, action plans and policies have had to be established in order to protect the supply of chips. Following further growth in 2022, the semiconductor industry must overcome new challenges as it faces a decline in 2023, fueled by a deteriorating global economy and weakening demand from consumer-driven markets.

Semiconductor supply chains
Semiconductor foundries
Semiconductors in the U.S.

Unique aspect of the industry

Semiconductor applications are vast and impact a range of sectors

Semiconductor market revenue worldwide from 2020 to 2025, by end market (in billion U.S. dollars)

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Smartphones represent a key market for the semiconductor industry, especially as these devices become more advanced and able to support 5G, AI, and immersive technology applications. Servers and data center environments are set to become an even more important opportunity, with graphics processing units being deployed for the training and running of generative AI applications such as ChatGPT, as well as AI-powered quantum simulation.

XR: AR, VR, and the metaverse
Graphics processing units (GPUs)
Quantum computing

State of the industry

  • Computer peripherals
  • PC market in the U.S.
  • Semiconductors
  • Processors
  • Semiconductors in the U.S.
  • Qualcomm
  • Nvidia
  • Broadcom
  • Tech trends 2023
  • Augmented reality (AR)
  • Virtual reality (VR)

Industry Definition

The tech hardware industry includes computer hardware and technology, peripheral devices, infrastructure, and semiconductors. Statista provides information on spending within the overall technology hardware industry and its segments, both on a global and regional scale. Additionally, the financial metrics and market share of the major players within the relevant market segments are also covered, together with data on the application and usage of technology hardware.

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