Global Mini PCs Market Size, Share & Trends Analysis Report By Component (Processor, Memory, Storage, GPU, and Others), By Application, By Industry Vertical, By Regional Outlook and Forecast, 2024 - 2031

Global Mini PCs Market Size, Share & Trends Analysis Report By Component (Processor, Memory, Storage, GPU, and Others), By Application, By Industry Vertical, By Regional Outlook and Forecast, 2024 - 2031

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.

Market Growth Factors

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.

Market Restraining Factors

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.

By Component Analysis

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.

By Application Analysis

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.

By Industry Vertical Analysis

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.

By Regional Analysis

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.

Market Competition and Attributes

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.

Recent Strategies Deployed in the Market

• Apr-2024: HP Inc. launched its laptop line integrated with advanced artificial intelligence, including the Envy x360 14 laptops and the OMEN Transcend 14 laptop series. The OMEN Transcend 14 utilizes the capabilities of NVIDIA GeForce RTX 4060 graphics, enabling advanced AI features for a boosted gaming experience and improved graphics quality. In addition to harnessing the AI capabilities facilitated by Intel and NVIDIA processors, the OMEN Transcend 14 also incorporates built-in AI functionality with Otter.ai. Furthermore, it boasts a 14-inch 2.8K OLED screen with a variable refresh rate ranging from 48 to 120 Hz.
• Mar-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. Additionally, it offers high throughput, low power consumption, and quick response, delivering robust computing capabilities.
• Feb-2024: Dell Technologies, Inc. unveiled the Latitude AI-powered PC series, including the Latitude 9450, Latitude 5350, Latitude 5450, Latitude 5550, Latitude 7350, Latitude 7450, Latitude 3450, and Latitude 3550. The PCs will feature an Intel Core Ultra processor, Dell Collaboration Touchpad, 5MP webcams, and top-firing speakers and are available in 13”, 13" 2-in-1, 14", 15” and 16". Additionally, the upgraded HDR webcams and DDR5 RAM will provide the best AI-enhanced experience.
• Feb-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. Additionally, it comes with two HDMI 1.4b and one USB Type-C with DisplayPort Alt mode, five USB 3.2 Gen 1 Type-A ports, Gigabit Ethernet, WiFi 6, and Bluetooth 5.2.
• Jan-2024: Acer, Inc. launched the Predator Helios Neo 18 laptop, a hardcore gaming laptop. The Predator Helios Neo 18 laptop is equipped with Intel Core 14th generation processors and NVIDIA® GeForce RTX 40 Series laptop GPUs, boasting DLSS 3.5 technology and NVIDIA Advanced Optimus. Furthermore, it includes Microsoft’s Copilot integrated into Windows 11, along with a dedicated Copilot key for convenient access to AI-driven task support.

List of Key Companies Profiled

• 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.

Global Mini PCs Market Report Segmentation

By Component (Volume, Thousand Units, USD Billion, 2020-2031)

• Processor
• Memory
• Storage
• GPU
• Others

By Application (Volume, Thousand Units, USD Billion, 2020-2031)

• Home Entertainment
• Gaming
• Industrial Automation
• Digital Signage
• Others

By Industry Vertical (Volume, Thousand Units, USD Billion, 2020-2031)

• Consumer Electronics
• Corporate
• Retail
• Manufacturing
• Education
• Others

By Geography (Volume, Thousand Units, USD Billion, 2020-2031)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA