Press release
Global Electronic Products Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Electronic Products Market
How Big Is the Electronic Products Market Size Expected to Be by 2034?
The market size for electronic products has seen a robust increase over the past few years. Its expansion from $1382.7 billion in 2024 to $1502.7 billion in 2025 suggests a compound annual growth rate (CAGR) of 8.7%. The surge in growth during the historical period can be linked to a boost in disposable income, heightened demand for audio and video broadcasting, the boom in e-commerce for consumer electronics, burgeoning internet usage, the prevalence of a low-interest rate environment, technological advancements, significant investments, and a surge in TV usage.
Over the forthcoming years, the electronic products market is set to experience robust expansion. It is projected to reach a value of $2037.84 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.9%. Factors fueling this growth over the forecast period include innovation in electronic products, the establishment of smart cities, increasing demand for wireless audio equipment and smart TVs, expanded use of electronic devices, increased demand for smartphones and tablets, a surge in need for electronic components in display devices, and broader acceptance of the internet of things (IoT). Noteworthy trends for the predicted period are similar and include electronic products' innovation, smart cities' development, heightened demand for wireless audio devices and smart TVs, increasing utilization of electronic devices, soaring demand for smartphones and tablets, rising need for electronic components in display devices, and expanding adoption of the internet of things (IoT).
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What Are the Emerging Segments Within the Electronic Products Market?
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:
1) By Audio and Video Equipment: Home Audio Systems, Video Equipment, Headphones and Earphones, Portable Media Players, Professional Audio Equipment
2) By Semiconductor and Other Electronic Components: Integrated Circuits (ICs), Discrete Semiconductors, Optoelectronics, Sensors, Capacitors and Resistors
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What Long-Term Drivers Are Shaping Electronic Products Market Trends?
The development of the electronics product industry is being bolstered by a steady predicted economic growth in numerous developed and underdeveloped nations. As an example, the US-based financial firm, The International Monetary Fund (IMF), indicated in April 2024 that their baseline projection for international economic expansion is set at a rate of 3.2% for both 2024 and 2025, a rate that aligns with the growth seen in 2023. Growth within advanced economies is slated for a slight increase, to a rise from 1.6% in 2023 to 1.7% in 2024, while 2025 predictions reach 1.8%. A rebound in commodity prices, after a notable historic drop, is forecasted to further bolster market growth. In the projected period, developed economies anticipate stable growth, while emerging markets are predicted to see a marginally quicker pace than their developed counterparts. The expectation of steady economic growth may result in more investments in end-user markets, thereby driving market growth for the forecasted period.
Who Are the Top Competitors in Key Electronic Products Market Segments?
Major companies operating in the electronic products market include 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, 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
What Electronic Products Market Trends Are Gaining Traction Across Different Segments?
As instances of theft and crime escalate, manufacturers in the video equipment sector, such as Sony, Samsung, Honeywell, and Panasonic, are increasingly producing closed circuit television cameras equipped with motion detection technology. This innovative technology triggers the CCTV camera into action, initiating recording only when the motion of an object is detected within its field of view. In addition to consuming less power, it provides cost-effective and efficient surveillance, as it alerts the system in case of an irregular intrusion.
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Which Regions Are Becoming Hubs for Electronic Products Market Innovation?
Asia-Pacific was the largest region in the electronic products market in 2024. North America was the second largest region in the electronic products market. The regions covered in the electronic products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electronic Products Market?
2. What is the CAGR expected in the Electronic Products Market?
3. What Are the Key Innovations Transforming the Electronic Products Industry?
4. Which Region Is Leading the Electronic Products Market?
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