| Product Code: ETC5113316 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia computer hardware market witnessed a significant import trend from 2023 to 2024, with a growth rate of 42.32%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at 69.31%. This surge in imports can be attributed to a growing demand for advanced technology solutions and an evolving market landscape.
Armenia's Computer Hardware market is anticipated to experience a high growth rate of 12.74% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.

The computer hardware market in Armenia encompasses a wide range of products including desktops, laptops, servers, and components such as processors, motherboards, and memory devices. The market is influenced by technological advancements, declining hardware costs, and the increasing adoption of digitalization in various sectors. Education and IT sectors are significant contributors to market growth.
The Armenia computer hardware market is witnessing steady growth due to widespread adoption of PCs, laptops, and servers across educational institutions, businesses, and households. Key drivers include technological advancements leading to more powerful and energy-efficient hardware, increasing internet penetration, and government initiatives promoting digital literacy and IT infrastructure development. Rising demand for gaming PCs, workstations, and cloud computing solutions also contributes to the market`s expansion.
The Armenia computer hardware market faces challenges related to infrastructure and supply chain logistics. A major concern is the reliance on imported hardware components, which makes the market vulnerable to fluctuations in global supply chains and currency exchange rates. This dependency often results in delays and increased costs for local vendors and consumers. Furthermore, inadequate local manufacturing capabilities hinder the development of a robust hardware ecosystem, limiting innovation and product diversity in the market.
Government policies in this sector typically cover import tariffs, quality standards for electronic devices, environmental regulations for e-waste management, and incentives for local production.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Computer Hardware Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Computer Hardware Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Computer Hardware Market - Industry Life Cycle |
3.4 Armenia Computer Hardware Market - Porter's Five Forces |
3.5 Armenia Computer Hardware Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Armenia Computer Hardware Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.7 Armenia Computer Hardware Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Armenia Computer Hardware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for computers and related hardware in various industries such as IT, education, and healthcare. |
4.2.2 Technological advancements leading to the need for more powerful and efficient computer hardware. |
4.2.3 Government initiatives to promote digitalization and technology adoption in Armenia. |
4.3 Market Restraints |
4.3.1 High import tariffs on computer hardware impacting the affordability for consumers. |
4.3.2 Economic instability and fluctuations affecting consumer spending on computer hardware. |
4.3.3 Limited availability of skilled workforce for maintenance and support services in the computer hardware market. |
5 Armenia Computer Hardware Market Trends |
6 Armenia Computer Hardware Market Segmentations |
6.1 Armenia Computer Hardware Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Computer Hardware Market Revenues & Volume, By Computer Peripheral Equipment, 2021-2031F |
6.1.3 Armenia Computer Hardware Market Revenues & Volume, By Computer Storage Devices and Servers, 2021-2031F |
6.1.4 Armenia Computer Hardware Market Revenues & Volume, By Computers, 2021-2031F |
6.2 Armenia Computer Hardware Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Armenia Computer Hardware Market Revenues & Volume, By Household, 2021-2031F |
6.2.3 Armenia Computer Hardware Market Revenues & Volume, By Commercial, 2021-2031F |
6.3 Armenia Computer Hardware Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Armenia Computer Hardware Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Armenia Computer Hardware Market Revenues & Volume, By Offline, 2021-2031F |
7 Armenia Computer Hardware Market Import-Export Trade Statistics |
7.1 Armenia Computer Hardware Market Export to Major Countries |
7.2 Armenia Computer Hardware Market Imports from Major Countries |
8 Armenia Computer Hardware Market Key Performance Indicators |
8.1 Average selling price (ASP) of computer hardware products in Armenia. |
8.2 Adoption rate of new technologies and hardware innovations in the market. |
8.3 Number of partnerships and collaborations between local and international computer hardware companies in Armenia. |
9 Armenia Computer Hardware Market - Opportunity Assessment |
9.1 Armenia Computer Hardware Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Armenia Computer Hardware Market Opportunity Assessment, By End-User, 2021 & 2031F |
9.3 Armenia Computer Hardware Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Armenia Computer Hardware Market - Competitive Landscape |
10.1 Armenia Computer Hardware Market Revenue Share, By Companies, 2024 |
10.2 Armenia Computer Hardware Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |