Zahir hussainSke Consumer Electronics Industry to Worth USD 989.37 Billion by 2027 | Consumer Electronics Market Size & Upcoming Trends Report by Fortune Business Insights™
Companies covered in consumer electronics industry are 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), and more players profiled.
According to Fortune Business Insights, the global consumer electronics industry is expected to reach USD 989.37 billion by 2027. The growth is attributable to the growing demand for user-friendly electronic products and the rising residential sector that propels the demand for consumer electronics globally. The research mentions that the market stood at USD 729.11 billion in 2019 and is projected to exhibit a CAGR of 5.3% between 2020 and 2027.
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.
List of the Companies Profiled in the Global Consumer Electronics 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)
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.
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.
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.
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.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of the Parent/Related Markets
- Industry SWOT Analysis
- Emerging Trends
- Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Impact of COVID-19 on the Consumer Electronics Market
- Global Consumer Electronics Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Product Type (Value)
- Electronic Devices
- Television
- Computer
- Digital Camera & Camcorder
- Others
- Home Appliances
- Refrigerator
- Washing Machine
- Air Conditioner
- Others
- Electronic Devices
- By Distribution Channel (Value)
- Offline
- Online
- By Region (Value)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Product Type (Value)
TOC Continued…!
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.
Browse Summary of This Research Report:
https://www.fortunebusinessinsights.com/consumer-electronics-market-104693
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
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
varsha
79x0k4
p52jiz
wynrs3
7frpv5
startup talky naturally like your web site however you need to take a look at the spelling on several of your posts. A number of them are rife with spelling problems and I find it very bothersome to tell the truth on the other hand I will surely come again again.
La weekly For the reason that the admin of this site is working, no uncertainty very quickly it will be renowned, due to its quality contents.
Mygreat learning Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.
https://www.heritagefamilypantry.com/NhVIcqsxBzq
Epoxy Resin Pipes in Iraq ElitePipe Factory stands at the forefront of producing epoxy resin pipes, known for their exceptional durability and resistance to corrosive substances. Our epoxy resin pipes are engineered to meet the rigorous demands of various industries, offering a high level of performance in applications such as water supply, sewage systems, and industrial fluid handling. The advanced technology and high-quality materials used in our manufacturing process ensure that our epoxy resin pipes deliver reliable and long-lasting service. ElitePipe Factory’s dedication to innovation and quality makes us one of the most trusted and reliable suppliers in Iraq. Discover more about our products at elitepipeiraq.com.
nanastoto nanastoto nanastoto nanastoto
Howdy! I know this is kinda off topic however
, I’d figured I’d ask. Would you be interested in trading links or maybe guest writing a
blog article or vice-versa? My website covers a lot of the same subjects as yours and
I think we could greatly benefit from each other.
If you are interested feel free to send me an e-mail. I
look forward to hearing from you! Fantastic blog by the way!
?????? PP ?? ?????? ????? ???? ????? ???? ?? ?????? ?? ????? ?????? ??? PP? ???? ????? ????????? ???????? ?????? ??????????? ???? ?????? ???????? ?????????? ???????. ?? ????? ?????? ??? PP ????? ?????? ?????? ?????? ???????? ??? ?????? ?????? ??????? ????????? ???????? ?????????. ????????? ????? ?? ???? ????? ????? ????? ???????? ??????? ?? ??????? ???? ???? ????? ???? ?? ?????? ??? PP ?????? ??? ???? ????? ??????? ??????. ?????? ?????? ?????? ??? PP ????? ?? ???? ????? elitepipeiraq.com.
6d0bc1
Clochant I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
Back Magazin I like the efforts you have put in this, regards for all the great content.
n0ulsy
j01y7k
Bwer Company is a top supplier of weighbridge truck scales in Iraq, providing a complete range of solutions for accurate vehicle load measurement. Their services cover every aspect of truck scales, from truck scale installation and maintenance to calibration and repair. Bwer Company offers commercial truck scales, industrial truck scales, and axle weighbridge systems, tailored to meet the demands of heavy-duty applications. Bwer Company’s electronic truck scales and digital truck scales incorporate advanced technology, ensuring precise and reliable measurements. Their heavy-duty truck scales are engineered for rugged environments, making them suitable for industries such as logistics, agriculture, and construction. Whether you’re looking for truck scales for sale, rental, or lease, Bwer Company provides flexible options to match your needs, including truck scale parts, accessories, and software for enhanced performance. As trusted truck scale manufacturers, Bwer Company offers certified truck scale calibration services, ensuring compliance with industry standards. Their services include truck scale inspection, certification, and repair services, supporting the long-term reliability of your truck scale systems. With a team of experts, Bwer Company ensures seamless truck scale installation and maintenance, keeping your operations running smoothly. For more information on truck scale prices, installation costs, or to learn about their range of weighbridge truck scales and other products, visit Bwer Company’s website at bwerpipes.com.
Blue Techker This is my first time pay a quick visit at here and i am really happy to read everthing at one place
I¦ve learn a few good stuff here. Certainly worth bookmarking for revisiting. I wonder how a lot attempt you set to create any such fantastic informative website.