Press release
Electronic Products Market Analysis 2024 -2033 : Forecasted Market Size, Top Segments, And Largest Region | Samsung Electronics Co Ltd, Intel, Taiwan Semiconductor Mfg. Co ltd, Micron Technology Inc, SK Hynix Inc
Electronic Products Global Market Report 2024
The Business Research Company offers in-depth market insights through Electronic Products Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The electronic products market size has grown strongly in recent years. It will grow from $1314.69 billion in 2023 to $1411.86 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to rising disposable income, increased popularity of audio and video broadcasting, growth in e-commerce for consumer electronics, increased internet penetration, low interest rate environment, technology development, high investments, and increasing usage of tvs.
The electronic products market size is expected to see strong growth in the next few years. It will grow to $1842.84 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to innovations in electronic products, development of smart cities, growing demand for wireless audio devices and smart tvs, increase use of electronic devices, rising demand of smartphones and tablets, rising demand for electronic components in display devices, and increasing adoption of internet of things (iot). Major trends in the forecast period include innovations in electronic products, development of smart cities, growing demand for wireless audio devices and smart tvs, increase use of electronic devices, rising demand of smartphones and tablets, rising demand for electronic components in display devices, and increasing adoption of internet of things (iot).
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Market Segmentation:
The electronic products market covered in this report is segmented -
1) By Type: Audio And Video Equipment, Semiconductor And Other Electronic Component
2) By Mode: Online, Offline
3) By Sales Channel: OEM, Aftermarket
4) By End-Use: Business To Business (B2B), Business To Customer (B2C)
Subsegments Covered: Audio Equipment, Video Equipment, Semiconductor And Related Devices, General Electronic Components
Major Driver - Stable Economic Growth Fuels Optimism For The Electronic Products Market's Future
The electronic products market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) stated that the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.
Competitive Landscape:
Major companies operating in the electronic products market report are Samsung Electronics Co Ltd, Intel, Taiwan Semiconductor Mfg. Co ltd, Micron Technology Inc, SK Hynix Inc., LG Electronics, Broadcom Inc., Qualcomm Incorporated, Texas Instruments, Sony Corporation, Panasonic India Pvt Ltd, India Electronics Pvt Ltd, Godrej, Philips, TCL, Skyworth, Haier, SVA, Changhong Electronics Group, Xiaomi, Panda Electronics, Sony, Toshiba, Denon, JVC, Fostex, Sansui, Sharp, Hisense, Duntech, Whatmough, Amphion Loudspeakers, Audison, Behringer, Bosch, Dynaudio, Medion, Focal-JMLab, SITRONICS JSC, Orion Electronics Ltd, NPO, ZR Speaker Lab, Bose Corporation, Harman International Industries, Pioneer, Klipsch Audio Technologies, MartinLogan, Polk Audio, H-Buster, Philco, AOC, CZ Electronics (Pty) Ltd, Avnet South Africa, 3M South Africa, Electrocomp (PTY) Ltd, Samsung, LG
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Top Trend - Enhanced Security Solutions Through Motion-Detecting Cctv Cameras Revolutionizing The Surveillance Technology
With rising incidences of theft and crime, companies in the video equipment manufacturing industry are manufacturing closed circuit television cameras with motion detection technology. Motion detecting CCTV camera detects any motion of objects in its field of view and raises an alarm in case of an intrusion. These cameras consume less energy as they get activated and begin recording only when there is a movement of an object in its field of view. This feature offers effective surveillance of an area at low costs. For instance, some of the major companies manufacturing motion-detecting CCTV cameras include Sony, Samsung, Honeywell, Panasonic, and others.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Electronic Products Market Characteristics
3. Electronic Products Market Trends And Strategies
4. Electronic Products Market - Macro Economic Scenario
5. Electronic Products Market Size And Growth
…..
27. Electronic Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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