All updated as on -
Global consumer electronics market size is expected to increase from USD 720 billion in 2022 to USD 1000.90 billion in 2030, at a Compound Annual Growth Rate (CAGR) of 7% over the forecast period.
All electronic devices with a practical use in daily life are considered consumer electronics. The primary sort of technology utilised to power electronic gadgets is semiconductor technology. These gadgets are utilised for communication, entertainment, and comforts at the workplace and at home. Digital and information technology are used in the great majority of the objects. Consumer electronics refers to a broad variety of electronic devices that perform one or more domestic functions or are designed for a particular user. Originally, the phrase referred to electrical equipment placed or used just within a house or other building. However, they now come with mobile and portable gadgets that you may take outside the home, such as a tablet or a phone. The key driver of the market's growth is the evolution of semiconductor technology, which came about as a result of technological improvement. The sector is expected to expand as customers use consumer items like cellphones and automated home appliances more frequently. Predictions indicate that smartphones will rule the worldwide consumer electronics sector. The unique features developed by different smartphone manufacturers are what are driving this device's increased sales. It is projected that innovation, the adoption of 3G and 4G technologies, and technological advancements will be the main drivers of demand. Because so many businesses are developing new features in this industry, the consumer electronics sector's market share is growing. Online sales rose when countries went into lockdown during the pandemic. The similar pattern was seen with consumer gadgets. Among the online sales industries, consumer electronics and home appliances saw the fastest global growth. Weak economic conditions and a lack of energy are expected to impede industry growth in developing nations.
The consumer electronics market is divided into three product categories: consumer electronics devices, smart home devices, and wearable electronics devices. The consumer electronics devices category is anticipated to dominate the market with the largest market share of these. Major market participants are releasing new technologies as a result of the region's expanding demand for consumer electronics and the aid of the local government.
The personal and professional segments make up the worldwide consumer electronics market. The personal application segment is predicted to expand the fastest throughout the course of the forecast period. It is anticipated that urbanisation, better internet access, and greater wages would all foster growth. As prices decline, there is a rising demand for personal consumer electronics including Bluetooth speakers, earphones, smartphones, and smart wearables.
Report Coverage
Global Consumer Electronics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Consumer Electronics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Consumer Electronics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Consumer Electronics market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Consumer Electronics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Consumer Electronics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Apple Inc., Canon Inc., Dell Inc., Samsung Electronics Co., Ltd., Panasonic Corporation, Sony Corporation, Koninklijke Philips N.V., Lenovo Inc., Hewlett-Packard Company, Oneplus, AB Electrolux, LG Corporation, Google Inc., Microsoft Corporation, Hitachi Ltd., Robert Bosch GmbH, Sennheiser Electronics, Siemens AG Logitech International S.A., OPPO, ZTE Corporation
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Consumer Electronics market based on the below-mentioned segments:
Global Consumer Electronics Market, By Product
Global Consumer Electronics market, By Application
Global Consumer Electronics Market, By Distribution Channel
Global Consumer Electronics market, Regional Analysis
All electronic devices with a practical use in daily life are considered consumer electronics. The primary sort of technology utilised to power electronic gadgets is semiconductor technology. These gadgets are utilised for communication, entertainment, and comforts at the workplace and at home. Digital and information technology are used in the great majority of the objects. Consumer electronics refers to a broad variety of electronic devices that perform one or more domestic functions or are designed for a particular user. Originally, the phrase referred to electrical equipment placed or used just within a house or other building. However, they now come with mobile and portable gadgets that you may take outside the home, such as a tablet or a phone. The key driver of the market's growth is the evolution of semiconductor technology, which came about as a result of technological improvement. The sector is expected to expand as customers use consumer items like cellphones and automated home appliances more frequently. Predictions indicate that smartphones will rule the worldwide consumer electronics sector. The unique features developed by different smartphone manufacturers are what are driving this device's increased sales. It is projected that innovation, the adoption of 3G and 4G technologies, and technological advancements will be the main drivers of demand. Because so many businesses are developing new features in this industry, the consumer electronics sector's market share is growing. Online sales rose when countries went into lockdown during the pandemic. The similar pattern was seen with consumer gadgets. Among the online sales industries, consumer electronics and home appliances saw the fastest global growth. Weak economic conditions and a lack of energy are expected to impede industry growth in developing nations.
The consumer electronics market is divided into three product categories: consumer electronics devices, smart home devices, and wearable electronics devices. The consumer electronics devices category is anticipated to dominate the market with the largest market share of these. Major market participants are releasing new technologies as a result of the region's expanding demand for consumer electronics and the aid of the local government.
The personal and professional segments make up the worldwide consumer electronics market. The personal application segment is predicted to expand the fastest throughout the course of the forecast period. It is anticipated that urbanisation, better internet access, and greater wages would all foster growth. As prices decline, there is a rising demand for personal consumer electronics including Bluetooth speakers, earphones, smartphones, and smart wearables.
Report Coverage
Global Consumer Electronics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Consumer Electronics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Consumer Electronics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Consumer Electronics market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Apple Inc., Canon Inc., Dell Inc., Samsung Electronics Co., Ltd., Panasonic Corporation, Sony Corporation, Koninklijke Philips N.V., Lenovo Inc., Hewlett-Packard Company, Oneplus, AB Electrolux, LG Corporation, Google Inc., Microsoft Corporation, Hitachi Ltd., Robert Bosch GmbH, Sennheiser Electronics, Siemens AG Logitech International S.A., OPPO, ZTE Corporation |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Consumer Electronics Market from 2021 to 2030.
- Market Forecast for Consumer Electronics Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Consumer Electronics competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Consumer Electronics
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Consumer Electronics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Consumer Electronics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Apple Inc., Canon Inc., Dell Inc., Samsung Electronics Co., Ltd., Panasonic Corporation, Sony Corporation, Koninklijke Philips N.V., Lenovo Inc., Hewlett-Packard Company, Oneplus, AB Electrolux, LG Corporation, Google Inc., Microsoft Corporation, Hitachi Ltd., Robert Bosch GmbH, Sennheiser Electronics, Siemens AG Logitech International S.A., OPPO, ZTE Corporation
Primary Target Market
- Market Players of Consumer Electronics
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Consumer Electronics market based on the below-mentioned segments:
Global Consumer Electronics Market, By Product
- Consumer Electronics Devices
- Smart Home Devices
- Wearable Electronics Devices
Global Consumer Electronics market, By Application
- Personal
- Professional
Global Consumer Electronics Market, By Distribution Channel
- Offline
- Online
Global Consumer Electronics market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive consumer electronics market market research and competitor analysis for your business to help you develop more profound insights into the consumer electronics market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the consumer electronics market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.