Consumer Electronics Market 2024 By Regional Revenue, Growth & Trends Analysis

A sphere of influence like no other perhaps, in the unified realm of electronics, consumer electronics market, as on today, stands as one of the many instrumental spaces that luxuriates in having established a proximate connection with the masses. Encompassing a widespread assortment of goods ranging from household appliances such as refrigerators, microwave ovens, and vacuum cleaners and home electronics such as television sets, radio receivers, personal computers, to the latest commodities such as smartphones, laptops, tablets, video game consoles, digital cameras, and the like, the product spectrum of consumer electronics industry is a cornucopia of the most fundamental necessities that mainstream consumers demand in abundance.

Speaking of the competitive trends in consumer electronics market space, the industry is dynamically charged with participation of globally preeminent magnates such as Apple Inc., Samsung Electronics, Sony Corporation, Nikon, Bose, GoPro, and Sennheiser. Amidst a backdrop where technological advancements are being referred to as the top most success quotient underlining the sales of these products, these players are vigorously expanding their product pallets in sync with the latest smart trends.

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Rapid fall in mobile data rates coupled with the integration of cutting-edge features such as powerful imaging systems, high resolution displays and fingerprint scanners in smartphones is anticipated to catapult the consumer electronics market growth. The smartphone industry is currently witnessing a gradual decline in prices resulting in increasing number of users worldwide. Rising disposable income of the middle-class population across the emerging economies is providing significant growth opportunities to the consumer electronics industry growth.

It has been further anticipated that the TV households will have an average of 1.21 TV sets per home, significantly leading to more than 1.3 billion sets across the Asia Pacific belt by 2020. It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. China is another major region standing as a major contributor toward global consumer electronics industry share. China’s urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends.

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Being an adjunct of a highly fragmented business space is proving to be particularly taxing for most of the contenders of consumer electronics market. With the advent of high-grade technologies such as IoT and AI, smart manufacturing has indeed emerged as a pivotal dimension of consumer electronics industry. On these grounds, tech giants and other manufacturing companies have been suitably upgrading their production strategies and product portfolios in order to align themselves with the changing dynamics of the market.
North America consumer electronics market is anticipated to witness substantial growth during the forecast timeframe owing to large-scale technological advancements. The region is fast adopter and developer of new technologies such as 5G technology for smartphone users. Consumer spending on high-end electronics in the region is due to the high disposable income and low consumer debt, allowing an increasing number of consumers to incorporate these technologies as a part of their daily lives.

Key players in the consumer electronics market consist of Apple, Samsung Electronics, General Electric, Bose, Sony Corporation, AB Electrolux, Haier, LG Electronics, Huawei, Philips, Canon, GoPro, Nikon and Sennheiser. The industry is characterized by intense competition owing to the presence of large number of international and regional players in the marketplace.

Table of Contents:

Chapter 4. Consumer Electronics Market, By Product
4.1. Global consumer electronics industry share by product, 2016 & 2024
4.2. Audio & video equipment (TV, Laptop, Smartphones, Earphones & Headphones, Speakers)
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.2.3. Market estimates and forecast, by application, 2013 – 2024
4.2.3.1. Personal
4.2.3.1.1. Market estimates and forecast, 2013 - 2024
4.2.3.1.2. Market estimates and forecast, by region, 2013 – 2024
4.2.3.2. Professional
4.2.3.2.1. Market estimates and forecast, 2013 - 2024
4.2.3.2.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 5. Consumer Electronics Market, By Application
5.1. Global consumer electronics industry share by application, 2016 & 2024
5.2. Personal
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2013 - 2024
5.3. Professional
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024

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