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Innovation

Phablets, 2-in-1 devices to show most growth over five years

IDC is calling for a phablet fiesta in the years ahead with a five-year compound annual growth rate of 60 percent.
Written by Larry Dignan, Contributor on
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Phablets — smartphones and tablet hybrids like the Galaxy Note — are expected to show the most compounded annual growth over the next five years followed by 2-in-1 laptop/tablet hybrids, according to IDC.

Through 2018, phablets, which have screens between 5.5 and 7 inches, are supposed to have a 60 percent compound annual growth rate followed by tablet/PC hybrids with a 6.8 percent rate.

In terms of market share, phablets will have 24.4 percent of connected devices followed by smartphones at 51.2 percent, tablet/PC hybrids at 12.5 percent.

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Overall, IDC is projecting phablet units will hit 175 million units in 2014 compared to 170 million laptops. In 2015, phablet volumes will be 318 million, compared to 233 million tablets.

IDC said Apple's entry into the phablet market with its upsized iPhone will drive growth. Phablets are expected to cost between $397 in 2014.

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