A Comprehensive Insight into Consumer Electronics Market with Reference to the Competitive Spectrum and Innovation in Product Development to 2024

Consumer Electronics Market

Growing demand for energy efficient appliances followed by the increasing requirement for replacement of older electric household appliances is expected to have a positive impact on the consumer electronics market growth. Rapid industrialization, technological advancements and reducing prices of the air conditioner technology is anticipated to spur the demand for room air conditioners. Split air conditioners will witness a significant demand due to the ease of installation, higher energy efficiency and varying building infrastructures.

Consumer Electronics Market is expected to exceed USD 1,500 billion by 2024. Rising popularity of OLED and 4K televisions followed by the declining prices of these devices across various regions is expected to drive the consumer electronics market over the forecast timeline. In addition, with the growing replacement rate of traditional televisions with newer ones, adoption is expected to increase over the years. The launch of televisions with new and advanced features such as built-in Wi-Fi & internet connectivity, ultra-high resolution & color contrast, Dolby vision and Dolby Atmos to deliver outstanding picture and sound quality, further contributes to the industry demand.

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Rapid fall in mobile data rates coupled with the integration of cutting-edge features such as powerful imaging systems, high resolution displays and fingerprint scanners in smartphones is anticipated to catapult the consumer electronics market growth. The smartphone industry is currently witnessing a gradual decline in prices resulting in increasing number of users worldwide. Rising disposable income of the middle-class population across the emerging economies is providing significant growth opportunities to the consumer electronics market growth.

Increasing use of tablets with enhanced capabilities for performing less-intensive tasks is resulting in the slow growth of laptops. For most of the users, laptop is not considered to be a high priority device, which resulted in lower upgrades and replacement rates. Declining demand across the major economies is posing significant threat to the audio & video equipment industry, further limiting the consumer electronics market growth.

Increasing prominence of advanced and wireless technologies is expected to drive the personal consumer electronics market segment growth. Emerging trend of smart and IoT connected devices, such as smart refrigerators and TVs, having remote, app-based control and sensing capabilities is causing an increasing number of consumers to replace traditional equipment with smart devices. Globalization and fast industrialization in the Asian economies such as China, India and Japan help in increasing the income level of working class, further contributing to the industry growth.

North America consumer electronics market is anticipated to witness substantial growth during the forecast timeframe owing to large-scale technological advancements. The region is fast adopter and developer of new technologies such as 5G technology for smartphone users. Consumer spending on high-end electronics in the region is due to the high disposable income and low consumer debt, allowing an increasing number of consumers to incorporate these technologies as a part of their daily lives.

Key players in the consumer electronics market consist of Apple, Samsung Electronics, General Electric, Bose, Sony Corporation, AB Electrolux, Haier, LG Electronics, Huawei, Philips, Canon, GoPro, Nikon and Sennheiser. The industry is characterized by intense competition owing to the presence of large number of international and regional players in the marketplace. The strong hold of major players in the industry poses strong barriers for the new entrants.

Charts & Figures
FIG 1    Industry segmentation
FIG 2    Global consumer electronics market, 2013- 2024 (USD Million)
FIG 3    Industry ecosystem analysis
FIG 4    Mobile phone users by country (Million Users)
FIG 5    Growth potential analysis
FIG 6    Porter’s analysis
FIG 7    Smartphone company market share, 2016
FIG 8    Laptop company market share, 2016
FIG 9    TV company market share, 2016
FIG 10    Speaker company market share, 2016
FIG 11    Earphones & headphones company market share, 2016
FIG 12    Household electronics company market share, 2016
FIG 13    Digital camera company market share, 2016
FIG 14    Digital camcorder company market share, 2016
FIG 15    PESTEL analysis
FIG 16    Consumer electronics market share, by product, 2016 & 2024
FIG 17    Consumer electronics market share, by application, 2016 & 2024
FIG 18    Consumer electronics market share by region, 2016 & 2024
FIG 19    AB Electrolux. regional revenue, 2016
FIG 20    SWOT Analysis, AB Electrolux
FIG 21    SWOT Analysis, Acer, Inc.
FIG 22    Apple, Inc. segment revenue, 2016
FIG 23    Apple, Inc. regional revenue, 2016
FIG 24    SWOT Analysis Apple Inc.
FIG 25    SWOT Analysis Best Buy Co., Ltd.
FIG 26    SWOT Analysis Bose Corporation
FIG 27    SWOT Analysis, Canon, Inc.
FIG 28    SWOT Analysis, David Clarke
FIG 29    SWOT Analysis, Dell Inc.
FIG 30    SWOT Analysis, Fujifilm Corporation
FIG 31    SWOT Analysis Fujitsu
FIG 32    General Electric. regional revenue, 2016
FIG 33    SWOT Analysis, General Electric
FIG 34    SWOT Analysis Gionee Communication Equipment Co., Ltd.
FIG 35    SWOT Analysis Google Inc.
FIG 36    SWOT Analysis, GoPro, Inc.
FIG 37    SWOT Analysis, Haier
FIG 38    SWOT Analysis, Hisense Kelon Electrical Holdings Co., Ltd.
FIG 39    SWOT Analysis, Hitachi
FIG 40    SWOT Analysis, Hewlett-Packard Company
FIG 41    SWOT Analysis, Huawei Technologies
FIG 42    SWOT Analysis, iON Worldwide LLC
FIG 43    SWOT Analysis, JVCKenwood Corporation
FIG 44    Philips Corporation, segment-wise revenue, 2016
FIG 45    SWOT Analysis, Koninklijke Philips N.V.
FIG 46    SWOT Analysis, Lenovo Inc.
FIG 47    Logitech International SA regional revenue
FIG 48    SWOT Analysis, Logitech
FIG 49    SWOT Analysis, LG Electronics
FIG 50    SWOT Analysis Meizu Telecom Equipment Co., Ltd.
FIG 51    SWOT Analysis, Microsoft Corporation
FIG 52    SWOT Analysis, Micro-Star International Co., Ltd.
FIG 53    SWOT Analysis, Nikon Corporation
FIG 54    SWOT Analysis, Olympus Corporation
FIG 55    SWOT Analysis, Oneplus
FIG 56    SWOT Analysis, OPPO
FIG 57    SWOT Analysis, Panasonic Corporation
FIG 58    SWOT Analysis, Bosch
FIG 59    Samsung Electronics regional revenue, 2016
FIG 60    SWOT Analysis, Samsung
FIG 61    SWOT Analysis, Sharp Corporation
FIG 62    Sennheiser Electronic Turnover by Region
FIG 63    SWOT Analysis, Sennheiser
FIG 64    SWOT Analysis Sonos
FIG 65    SWOT Analysis, Siemens
FIG 66    SWOT Analysis, Skyworth
FIG 67    Sony Corporation segment sales, 2016
FIG 68    Sony Corporation regional sales, 2016
FIG 69    SWOT Analysis Sony Corporation
FIG 70    SWOT Analysis, TCL Corporation.
FIG 71    SWOT Analysis, Toshiba Corporation
FIG 72    SWOT Analysis, Vivo Communication Technology Co. Ltd.
FIG 73    SWOT Analysis, Walton Group
FIG 74    SWOT Analysis, Whirlpool
FIG 75    SWOT Analysis, ZTE Corporation

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