Global Consumer Electronic Market By Overview
Introduction
Consumer Electronic Market was valued at US$ 1068.2 Billion in 2024 and is projected to grow at a CAGR of 6.70% to reach US$ 2040.5 Billion by 2034.
Consumer electronics are electronic devices intended to everyday use for entertainment, communications and office work. Personal computers, smartphones, tablets, laptops, notebooks, radios, digital cameras, televisions, MP3 players, audio equipment, calculators, camcorders and personal care devices and gaming consoles are some of the major consumer electronics devices. A wide-ranging field of electronics for the general user that includes devices such as TVs, VCRs, radios, walkies-talkies, hi-fi stereo, home theater, handled and software-based games, smartphones, tablets, smartwatches, and Internet-connected appliances. Smartphones, tablets and wearable tech devices have transformed life of peoples work and consume services, forcing businesses to develop their own strategies for dealing with such use at the back-end and capitalizing on it at the front-end.
Global Consumer Electronic Market By Dynamics
Rising demand for smartphones, televisions, and wearable devices is major factor driving growth of the global consumer electronics market. In addition, increasing disposable income, coupled with rising adoption of smart devices by consumers are other factors fueling growth of the global consumer electronics market over the forecast period. Furthermore, development of semiconductor industry, technology proliferation, and penetration of internet of things are another major factor cresting demand for consumer electronics and in turn propelling growth of the global market. Moreover, technological advancements in gaming industry are also expected to boost growth of the global market in the near future. The current trend observed in the market is, rising adoption of smart wearables, smart TVs, smartphones, and tablets. Also, growing deployment of bring your own devices (BYOD) is another trend witnessed in the global market. Technological advancements in the development of cost-effective products, and miniaturization of electronic devices are factors expected to create cost effective growth opportunities for major players in the global market.
However, availability of first-copy and replicated products are some major factors expected to restrain growth of the global consumer electronics market in the near future.
Global Consumer Electronic Market By Segmentation
The consumer electronics market is segmented based on product type, end-use application, and region.
On the basis of type, the consumer electronic market is segmented into smartphones and tablets, desktops, laptops/notebooks, televisions, cameras and camcorders, audio/video devices, gaming consoles and accessories, wearable electronics, and others. On the basis of end-use application, the global market is segmented into residential and commercial.
Regional Insights:
On region the Consumer electronics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. The market in Asia Pacific is expected to account for major revenue share in the consumer electronic market, followed by markets in another region. This is attributed to presence of well-established consumer electronics industries in the countries in the region. Presence of major consumer electronic goods manufacturers, particularly in countries such as India, Japan, and China are some major factors expected to support growth of the Asia Pacific market over the forecast period. North America consumer electronic market accounted for second-highest market share in the global market followed by Europe.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 – 2034 |
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Market Segmentation |
By Product Type- Smartphones and Tablets, Desktops, Laptops/Notebooks, Televisions, Cameras and Camcorders, Audio/Video Devices, Gaming Consoles and Accessories, Wearable Electronics, and Others By End-Use Application– Residential and Commercial |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the global consumer electronics market report based on product type, end-use application, and region.
Consumer Electronics Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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-
- U.S.
- Canada
- Middle East & Africa
Global Consumer Electronic Market By Key Players
The key players operating in the consumer electronics market includes Samsung Electronics, Apple Inc., LG Electronics, Sony Corporation, Panasonic Corporation, Huawei Technologies Co., Ltd., Bose Corporation, Sonos Inc., Haier Group Corporation, Canon Inc., and Nikon Corporation. Technological advancements in the product as well as in manufacturing process, short turnaround product upgrade cycles, product launches, and strategic partnerships are some trends witnessed in the consumer electronic market.
Global Consumer Electronic Market By Company Profile
- Samsung Electronics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Apple Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- LG Electronics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sony Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Panasonic Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Huawei Technologies Co., Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bose Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sonos Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Haier Group Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Canon Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nikon Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Consumer Electronic Market By Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Market Segmentation, By Type, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 — 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Smartphones and Tablets
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Desktops, Laptops/Notebooks
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Televisions
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Cameras and Camcorders
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Audio/Video Devices
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Gaming Consoles and Accessories
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Wearable Electronics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, Application, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 — 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Residential
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Commercial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global Market, By Region, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 — 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- China
- India
- Australia
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- South Africa
- Central Africa
- North Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Samsung Electronics.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Apple Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- LG Electronics
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Sony Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Panasonic Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Huawei Technologies Co., Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Bose Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Sonos Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Haier Group Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Canon Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Nikon Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Samsung Electronics.
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
The consumer electronics market is segmented based on product type, end-user application, and region.
Rising demand for smartphones, televisions, and wearable devices is major factor driving growth of the global consumer electronics market.
The market in Asia Pacific is expected to account for major revenue share in the consumer electronic market.
Some of the prominent players operating in the consumer electronic market include Samsung Electronics, Apple Inc., LG Electronics, Sony Corporation, Panasonic Corporation, Huawei Technologies Co., Ltd., Bose Corporation, Sonos Inc., Haier Group Corporation, Canon Inc., and Nikon Corporation.