Press release
Consumer Electronics Market Is Booming Worldwide by 2024 | Haier, Hitachi, Hewlett Packard Enterprise, Philips, Logitech, LG Electronics, Microsoft, Electrolux, Acer, Apple, Best Buy, Bose Corporation, Canon, Inc., Dell, GE, Gionee, Google, GoPro
The growing emphasis on improvement of consumer experience and convenience is urging manufacturers to introduce innovative technologies and features in their products, thus boosting consumer electronics industry trends.
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The industry size will further be enhanced with proliferating customer spending power in developing economies combined with elevated energy-efficient device penetration.
Escalating demand for audio & video equipment can be attributed to new emerging technologies including high resolution technologies like 4K, 8K and so on in the consumer electronics sector. Likewise, with the streaming video industry flourishing due to renowned players like Netflix and Amazon Prime creating 4K resolution content, the paradigm shift towards ultra-HD systems is rather evident.
The prices of 4K televisions have been witnessing a steady decline since 2012, with costs dropping from $ 8000 to $ 1250 by 2015. This decline is expected to continue even in coming years, thereby contributing significantly towards consumer electronics market expansion across the globe.
Due to a significant number of home appliance and smartphone consumers in the region, the APAC market is expected to generate strong gains in the consumer electronics market.
This regional growth is primarily motivated by increasing population density and higher disposable income in countries like India, China, Korea and South Japan.
The APAC region is anticipated to emerge as a pivotal regional consumer electronics market due to the advancement of mobile device sectors in densely populated nations. Furthermore, the increasing demand for headsets from offshoring facilities in India and Philippines is expected to boost product demand.
Favorable government strategies to foster smart city technology and smart home systems are also generating strong demand for such products.
In the major home appliances sector, demand for air conditioners is expected to increase over the projected period. Improving income levels and elevated middle-class demographic temperatures in nations like China and India also lead the development of the sector. Expanding air conditioner penetration can also be attributed to decreasing costs of such systems.
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In the U.S., air conditioner power consumption has nearly doubled, due to shifting weather conditions and larger home sizes. Owing to rising acceptance of advanced technological products coupled with the contribution of evolving urban lifestyles to the overall consumer electronics market size, kitchen appliances like ovens and cookers are anticipated to experience a high demand.
Table of Contents (ToC) of the report:
Chapter 4. Consumer Electronics Market, By Product
4.1. Global consumer electronics market 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
4.3. Major household appliance (Refrigerator, Air Conditioner, Washing Machines)
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 - 2024
4.4. Small household appliance (Iron Box, Microwave Ovens, Food Processors, Electric Kettle)
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 - 2024
4.5. Digital photo equipment (Digital Camera & Camcorder)
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 - 2024
4.5.3. Market estimates and forecast, by application, 2013 - 2024
4.5.3.1. Personal
4.5.3.1.1. Market estimates and forecast, 2013 - 2024
4.5.3.1.2. Market estimates and forecast, by region, 2013 - 2024
4.5.3.2. Professional
4.5.3.2.1. Market estimates and forecast, 2013 - 2024
4.5.3.2.2. Market estimates and forecast, by region, 2013 - 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/consumer-electronics-market
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