Global Consumer Electronics Market was valued at USD 1190 billion in 2017 and expected to grow at CAGR 6.4% over the forecast period 2021–2026.

Consumer Electronic Market 2021

Consumer electronics (CE) such as smartphones, computers, televisions, gaming consoles, automotive technology, and various other home appliances are designed for daily residential as well as commercial applications including entertainment, communication, and home/office activities. It also includes emerging technology products based on wearables and 3D printers. Increasing middle-class population, changing lifestyle and preferences, and growing inclination toward utilizing keenly intellective electronic devices are some of the factors driving the growth of the global consumer electronics market.

Moreover, growing governments support to digitalization of various services and technological advancements and increasing investment in research and development by prominent players is fueling the market growth further. For instance, Government of India is planning to set up more local manufacturing and assembling units through a combination of tax sops, ease in foreign direct investment (FDI) rules, industry-wide incentives, and raising import duties. Currently, over 75% of the Indian consumer electronics demand is served through imports.

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The Major Manufacturers Covered in this Report:
Canon Inc. (Japan), Sony Corporation (Japan), Samsung (South Korea), Koninklijke Philips N.V. (The Netherlands), Apple Inc. (U.S.), LG Electronics Inc. (South Korea), Nikon Corporation (Japan), Panasonic Corporation (Japan), Huawei Technologies Co., Ltd. (China), and Hitachi, Ltd. (Japan).

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Market Segmentation:

By Product Types

Handheld Devices
Televisions
Personal Computers
Cameras
Audio/Video Devices
Gaming Consoles
Personal Care Products
Others

By End Users

Residential
Commercial

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Key Developments

Consumer electronics market is constantly evolving and has seen exciting developments in the recent years.

In December 2018, Amazon launched the second generation of Alexa-controlled Echo speaker, with the advanced expansion of its music, smart-home, and digital-assistant abilities.

In November 2018, Samsung worked on this civic initiative, called Project Pontis, in partnership with the Center of Neuroprosthetics of the Ecole Polytechnique Federale de Lausanne (EPFL) to develop a prototype that makes it possible to operate a Samsung Smart TV only with the brain. Samsung is planning to work on the second prototype in the second quarter of 2019.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Consumer Electronic Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Consumer Electronic Market sub-markets, depending on key regions (various vital states).
To analyze the Global Consumer Electronic Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Consumer Electronic Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Consumer Electronic Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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