Market Insights Consumer Consumer Electronics Computing

Laptops - Cuba

Cuba

The revenue generated in the Laptops market in 2024 is estimated to be US$16.0m.
It is projected that the market will experience an annual growth rate of 4.11% (CAGR 2024-2029).
When compared globally, in the United States leads the way in terms of revenue, generating US$12,210.0m in 2024.
Taking into account the total population figures, each person is expected to generate revenues of US$1.42 in 2024.
Looking ahead, the volume of the Laptops market is anticipated to reach 21.2k pieces by 2029.
However, in 2025, there is a slight decline in volume growth, with a rate of 0.7%.
On average, each person is expected to contribute a volume of 0.0pieces to the Laptops market in 2024.
It is important to note that these figures pertain to the market segment of Laptops market in the country of Cuba.
Despite limited access to technology, the demand for laptops in Cuba is steadily increasing, as the population seeks to embrace digital transformation.

Key regions: India, Germany, United Kingdom, Brazil, United States

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on electronic and digital devices used privately either for entertainment (televisions, game consoles, smart speakers, etc.), communication (telephones, smartphones, etc.) or home-office activities (printers, copiers, etc.).

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, number of internet users, smartphone penetration rate, household number and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting electronic products due to the non-linear growth of technology adoption and regular product upgrade. The main drivers are GDP per capita, consumer spending per capita, and 5G penetration rate.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.