Market Insights Consumer Consumer Electronics Computing

Laptops - Sierra Leone

Sierra Leone

In 2024, the revenue in Sierra Leone's Laptops market reached a substantial amount of US$10.5m.
It is anticipated that this market will experience an annual growth rate of 12.99% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in the Laptops market, with a staggering US$12,210.0m in 2024.
Considering the total population, the per person revenue in Sierra Leone's Laptops market for 2024 is US$1.22.
Looking ahead to 2029, the volume of the Laptops market is projected to reach 23.8k pieces units.
Furthermore, there is an expected volume growth of 11.9% in 2025.
On average, each person in Sierra Leone is estimated to have a volume of 0.0pieces in the Laptops market for the year 2024.
Sierra Leone is experiencing a surge in demand for high-performance laptops, driven by the growing tech industry and increasing focus on digital education.

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

Market

Region

Region comparison

Currency

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.