Growing disposable income and population across the globe is fueling growth of the consumer electronics market. Also, rising urbanization due to increasing migration from rural area to urban area is further increasing the uptake of high quality consumer electronic devices. This, in turn, is expected to boost growth of the market over the forecast period, 2021 – 2029. Further, growing number of tech savvy consumers, increasing mobile broadband penetration and favorable government initiatives in both developed and developing regions is anticipated to increase the uptake of consumer electronics devices. However, high cost associated with wearable devices such as smart watch and smart band is impeding adoption of these devices among price sensitive consumer segment. Also, data privacy and security threat is expected to hamper growth of the consumer electronics market throughout the forecast period to some extent.

Report Scope

This report analyzes the global consumer electronics market in terms of type, consumer electronic device, wearable device, and geography. The global consumer electronics market has been segmented based on consumer electronic devices into smartphone, feature phone, tablet, smart TV, other TV, personal computer, set-top box, digital camcorder & camera, digital media adapter, printer, game console, and others. On the basis of wearable device, the global consumer electronics market is segmented into smart accessory and other wearable device. The global consumer electronics market covers major geographies such as North America, Europe, Asia Pacific, and Rest of World.

Increasing inclination of consumers towards connected devices and introduction of advanced and user-friendly consumer electronic devices have become a major trend in the global consumer electronics market. Also, acquisition and mergers to enter emerging markets and strengthen market positioning is one of the major strategies followed by key vendor.

 1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Consumer Electronics Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global consumer electronics market.

Target Audience

• Industry Investors
• Consumer Electronic Device Providers
• Wearable Device Provider
• Government Agencies

USP and Key Offerings

The report titled “Global Consumer Electronics Market- Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” offers strategic insights into the global Consumer electronics market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on type, devices, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading consumer electronics vendors, their SCOT (Strength, Challenges, Opportunities, and Threats) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the consumer electronics market
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Ecosystem Analysis
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global consumer electronics market, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above mentioned factors.

On the basis of electronic device, the global consumer electronics market is categorized into following segments:

• Smartphone
• Feature Phone
• Tablet
• Smart TV
• Other TV
• Personal Computer
• Set-top Box
• Digital Camcorder & Camera
• Digital Media Adapter
• Printer
• Game Console
• Others

Among electronic devices, in terms of both value and volume, smartphone sub-segment is projected to hold a major chunk of overall consumer electronics market revenue share over the forecast period. In 2020, the sub-segment accounted for over 30% of the overall market share. Increasing introduction of mobile shopping, mobile banking and money transfer apps by banks and financial institutions is boosting the demand for smartphones across the globe. Personal computer was the second-largest sub-segment accounted for more than 15% market share in 2020.

In 2020, Asia Pacific was the largest regional market, holding major chunk of the market revenue. Increasing adoption of newly introduced cost-effective consumer electronics is boosting growth of the consumer electronics market in the region. Additionally, Asia Pacific is expected to witness highest CAGR of over the forecast period. Europe was the second largest regional market in terms of value contribution. Growing shift of consumers towards wearable devices to track health related activities is propelling market growth.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Consumer Electronics market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Consumer Electronics market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Consumer Electronics market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Consumer Electronics market?
• Which is the largest regional market for Consumer Electronics market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Consumer Electronics market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Consumer Electronics market worldwide?