Accessories

Consumer Electronics Market to Witness Healthy CAGR of around XX% from 2023 to 2031


ReportID: ACC2310 | Coverage: GLOBAL |
Category: Consumer Electronics | Sub-Category: Accessories |
Published in: February 2022 | US $4250 |

DataCube Research offers market analysis, trends, future outlook, market size and forecast for Consumer Electronics market in its report titled “Consumer Electronics Market: Global Industry Analysis, Size and Forecast, 2019-2031"

 

Segment Analysis

The global consumer electronics market has been classified based on product type and country. Based on product type, the global consumer electronics market has been segmented into Blu-ray players, connected TVs, consumer desktop PCs, consumer laptop PCs, digital camcorders, digital cameras, digital media adapters, DVD players, DVRs, eReaders, feature phones, handheld video games, HDTVs, printers, set-top boxes, smartphones, tablets, and video game consoles. In terms of revenue, the smartphone, HDTVs, and connected TVs segments collectively accounted for around XX% of the overall consumer electronics market in 2021.

 

Browse Full Report: Consumer Electronics Market | Analysis 2019-2031

 

Market Scenario

With rising Internet and mobile broadband penetration and rapid technological advancements, consumers across the globe are becoming tech-savvy and increasingly inclined towards connected consumer electronic devices. Further, growing number of youngster falling in the age group of 15 to 24 year, largely in developing countries such China and India is increasing the demand for smartphones, tablets, notebook, and laptops. This is expected to fuel growth of the consumer electronics market throughout the forecast period. However, threat of counterfeit products and lack of standardization are projected to hamper the global consumer electronics market growth.

 

The consumer electronics market report offers detailed analysis and insights on the growth potential of the global consumer electronics market and covers trends, various driving factors, and restraints that can affect the market growth in the region.

 
Regional Outlook

By region, the global consumer electronics market has been segmented into seven major regions such as North America, Latin America, Japan, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), and Middle East and Africa. In 2021, APEJ consumer electronics market represented more than XX% revenue share of the global consumer electronics market and is projected to continue its dominance throughout the forecast period. This is attributed to falling average price of consumer electronics and huge presence of young population in the region.

Consumer Electronics Market Competition Analysis

Prominent players are inclined towards introducing advanced consumer electronics to enhance customer experience and expand their competitive presence. Some of the key players identified in the global consumer electronics market are Apple Inc., Samsung Electronics Company Ltd., Sony Corporation, LG Electronics, Hitachi Ltd., Koninklijke Philips N.V., Hewlett-Packard Inc., Toshiba Corporation, and Panasonic Corporation.

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