Press release
Consumer Electronics Market Size - In-depth Analysis Report, Overview, Demand, Top Players, and Current Trends with Forecast to 2027
Consumer Electronics Market
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/consumer-electronics-market-104693
Fortune Business Insights™ lists out all the consumer electronics market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
• Samsung Group (Suwon, South Korea)
• LG Electronics Inc. (Seoul, South Korea)
• Sony Corp. (Tokyo, Japan)
• Panasonic (Osaka, Japan)
• Koninklijke Philips N.V. (Amsterdam, Netherlands)
• Whirlpool Corp. (Benton Harbor, U.S.)
• AB Electrolux (Stockholm, Sweden)
• Apple Inc. (Cupertino, U.S.)
• HP Inc. (Palo Alto, U.S.)
• Huawei Technologies Co., Ltd. (Shenzhen, China)
Consumer electronics are devices such as computers, refrigerators, laptops, Television sets, and mobile phones. One of the highly penetrated products across every household, they experience a great demand from consumers. Moreover, product innovations by companies backed by the increasing technological advancements are likely to surge the demand for electronic products across the globe.
What does the Report Provide?
The market report provides an in-depth analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate that will further contribute to the market growth in the forthcoming years. Moreover, the research analyst has adopted several research methodologies to obtain information about the current trends and industry developments that will drive the market growth between 2020 and 2027.
DRIVING FACTORS
Increasing Adoption of User-Friendly Devices to Surge Demand
Technological advancements and the availability of high disposable income amongst the working population are leading to the high adoption of smart appliances. The manufacturers are focusing on developing user-friendly products that cater to consumer needs. For instance, a huge demand for smart appliances that offer voice assist, WIFI & Bluetooth connectivity, and faster networks is a driving factor for the considerable growth of consumer electronics.
The rapid-paced industrialization and urbanization has led to the massive development of the residential sector. The rising residential sector is proving to be beneficial for the increasing adoption of electronic products that will favor the global consumer electronics market growth in the forthcoming years.
SEGMENTATION
Electronics Segment to Hold the Largest Market Share
Based on product type, the electronics segment is expected to showcase exponential growth due to the high penetration of consumer electronic devices such as digital cameras, computers, TVs, laptops, and tablets, among others.
REGIONAL INSIGHTS
Presence of Established Players in Asia-Pacific to Augment Growth
Among all the regions, Asia-Pacific is expected to remain at the forefront and hold the highest position in the global market in the forthcoming years. This is attributable to the presence of established players such as Sony, LG, Panasonic, and Samsung that dominate the consumer electronic segment in the region. Asia-Pacific stood at USD 274.00 billion in 2019.
The market in Europe is expected to showcase significant growth backed by the growing demand for smart home appliances in countries such as the U.K., Germany, and France between 2020 and 2027.
Rеаѕоnѕ to Get thіѕ Rероrt:
A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
Data on market value for each section and sub-segment
Indicates the region and market segment that is likely to expand the fastest and dominate the market.
The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
COMPETITIVE LANDSCAPE
Facility Expansion by Prominent Companies to Amplify Their Market Positions
The global consumer electronics market is fragmented by the presence of key players such as LG, Samsung, Sony, and others. These companies hold a dominant share in the consumer electronics segment and strive to maintain their presence by expanding their capacity to cater to the growing consumer demand globally. Moreover, the other major companies focus on maintaining a stronghold by adopting strategies such as partnership, the introduction of new products, and collaboration that will favor market growth.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/consumer-electronics-market-104693
Frequently Asked Questions (FAQs):
1. How large is the consumer electronics industry?
Answer: Consumer Electronics Market is projected to reach USD 989.37 Billion by 2027, exhibiting a CAGR of 5.3% between 2020 and 2027.
2. Who leads the consumer electronics industry?
Answer: The dominant players in the industry are large companies such as Samsung Group, LG Electronics Inc., Sony Corp., Panasonic, Koninklijke Philips N.V. are few of the key players in the market.
3. What are the consumer electronics market drivers?
Answer: Increasing Adoption of User-Friendly Devices to Surge Demand
Key Industry Development:
November 2020 - Samsung announced the launch of its new Smart Monitor that functions as a do-it-all screen. The company reports that the device is equipped with mobile and PC connectivity and entertainment Smart Hub features.
Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/consumer-electronics-market-104693
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
Linkedin | Twitter | Blogs
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Consumer Electronics Market Size - In-depth Analysis Report, Overview, Demand, Top Players, and Current Trends with Forecast to 2027 here
News-ID: 2898560 • Views: …
More Releases from Fortune Business Insights™
World Environment Day 2023: How Saving Water Can Help Us Save The Environment
Wastewater comes from homes, businesses, industrial sites and farms, as well as any stormwater or groundwater that enters the sewer system.
Specialised treatment plants process this wastewater. A combination of technologies is used to achieve the treatment objectives, based on the character of raw wastewater and use of the treated wastewater. These processes include primary, secondary and tertiary treatment. Our research, published today, found wastewater treatment removes a lot of particles,…
Cosmetics Market Research Analysis by Top Key Players, Types, New Trends and For …
The global cosmetics industry was valued at USD 277.67 billion in 2020 and is projected to grow from USD 287.94 billion in 2021 to USD 415.29 billion in 2028, exhibiting a CAGR of 5% during the 2021-2028 period.
In recent times, demand for makeup and skincare products has surged dramatically. Both men and women use it to enhance their overall appearance. The industry offers a wide variety of products, such as hair care, face care,…
Aquafeed Market Trends, Growth, Share, Size and Forecast Research Report 2028
The global aquafeed market size is anticipated to reach USD 85.17 billion by 2028 and exhibit a CAGR of 5.59% during the forecast period. The increasing popularity of aquafeed and the rising investments in the research and developments activities are projected to foster growth for the market. The market's growth is also ascribable to the increasing seafood trade due to the soaring seafood consumption and consumer expenditure on fish and…
Cricket Equipment Market Demand, Recent Trends, Size and Share Estimation by 202 …
The global cricket equipment market size was valued at USD 564.43 million in 2021 and USD 594.46 million in 2022. The market is expected to reach USD 897.02 million by 2029 with a CAGR of 6.05% during the forecast period. Growing demand for cricket bats and equipment from various institutions schools, colleges, cricket clubs, and fitness centers is anticipated to drive market growth. Increasing demand for customized sports products and cricket accessories…
More Releases for Electronics
3C Electronics Market May Set New Growth Story| LG ELECTRONICS, PHILIPS ELECTRON …
3C Electronics is an industry that includes the manufacture, sale, and use of electronic items related to computer systems, communication devices, and customer electronics. In this market, products range from smartphones, telecommunications system, and home leisure systems which consist of televisions and sport consoles to private computers, laptops, and capsules. Upcoming technology which includes wearables, clever domestic gadget, and gadgets with IoT competencies are also protected.
Get free access to sample…
8K Technology for Electronics Market to See Booming Growth Worldwide | Samsung E …
The Latest research study released by HTF MI "8K Technology for Electronics Market" with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this…
Printed Electronics Market 2021 Detailed Competitive Outlook by 2029 Samsung Ele …
The research emphasizes elaboration of the Global Printed Electronics market strategy of the industry players in the precision of import/export consumption, supply and demand. The study starts with an introduction about the company/manufacturers profiling stating strategic concepts behind business using methods to assess and analyze the market. It also describes Printed Electronics player/manufacturers strategy in the light of Porters, Value Chain & SWOT analysis, and based on that recommendation on…
Power Electronics Market 2021 Precise Outlook - ABB Ltd., Delta Electronics, Inc …
Global Power Electronics Market Size, Status and Forecast 2021-2025
The Power Electronics market report is the most important research for who looks for complete information on the Power Electronics market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Power Electronics market…
Single Digit 7 Segment Led Displays Market - Evelight Electronics, Fairchild Sem …
The market research report on the Single Digit 7 Segment Led Displays Market is an in-depth report on the all-inclusive prospects of the Single Digit 7 Segment Led Displays Market over the analysis period of 2019 to 2025. Further, the report presents a full understanding of the major dynamics of the Single Digit 7 Segment Led Displays Market such as on-going market trends, opportunities, growth drivers, and barriers. The report…
Electronic Transformers Market Analysis Report 2019-2025 | OSRAM, Fujielectric, …
UpMarketResearch offers a latest published report on “Global Electronic Transformers Market Industry Analysis and Forecast 2019-2025” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 116 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. The report contains basic, secondary and advanced information pertaining to the Electronic Transformers global status and…
