Global Consumer Electronics Market By Overview
Consumer Electronics Market was valued at US$ 1203.9 Billion in 2024 and is projected to grow at a CAGR of 6.70% to reach US$ 2299.7 Billion by 2034.
Electronic devices such as smart phones, home appliance, audio/video device proposed for daily utilize by consumers are called consumer electronic devices. Consumer electronics include a large set of electronic devices that recommend one or more functionalities in a home or meant for a particular entity. The term firstly referred to electronic devices that are installed or used exclusively inside a home/house, office, business areas etc. However, they too now include mobile and computing devices, which can easily be carried by an individual outside the home, such as a cell phone or a tablet PC. Consumer electronics include items, such as televisions, DVD players, refrigerators, washing machines, computers, laptops, tablets etc. The growing convergence of information, communication and entertainment is bringing a new era of consumer electronics across the world. Consumer electronics is one of the largest segments in the manufacturing industry and promises huge potential, particularly in emerging markets.
Global Consumer Electronics Market By Dynamics
Growing inclination toward using smart electronic devices among individuals, coupled with increase in need of internet by consumers across the globe is boosting the growth of the target market. Also, growing R&D in consumer electronics and technological gadgets, are also be some of the highest up drivers to the consumer electronics market growth. On the other hand, lack of networking power and recovering economies for the developing nations around the globe, may count down the value of the target market. Governments around the world are also using the time sustaining digitalization, ultimately promoting opportunities, for the usage of various electronic devices among consumers. This is projected to grow the consumer electronics market on a global level.
Global Consumer Electronics Market By Segmentation
Consumer electronics market has been segmented into type, end user, and region. On the basis of type, the target market includes televisions, handheld devices, personal computers, cameras and camcorders, audio devices & video devices, personal care products, and gaming consoles. On the basis of end user type, it could be personal or commercial user.
Regional Insights:
On the basis of region, the consumer electronics market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America where, U.S, Canada are the highest in economy, serving more electronic gadgets to the consumers in the region. The European digital market is considered one of the largest markets worldwide and still has the potential to expand more in the forecast period. Countries in Europe having high electronic growth are Germany, U.K, France, Italy, and Russia.Asia Pacific to remain the most lucrative and money-spinning regional market where China, India, Japan, South Korea are having the highest economic growth rate. With respect to electronic sales, it is expected to anticipate and remain so, over the forecast period as well.
Global Consumer Electronics Market By Key Players
Key market players of the consumer electronics market includes HP Inc., Apple Inc., Samsung Electronics Co. Ltd., Sony Corporation, LG Electronics Inc., Panasonic Corporation and Hitachi Ltd., and Toshiba Corporation, Canon, Inc., Apple, Inc.
Global Consumer Electronics Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Televisions
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Handheld Devices
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Personal Computers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Cameras & Camcorders
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Audio Devices & Video Devices
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Personal Care Products
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Gaming Consoles
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By End-Users , Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Residential
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Commercial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-Users , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-Users , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-Users , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
- Latin America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-Users , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End-Users , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- HP Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Apple Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Samsung Electronics Co. Ltd.,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sony Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- LG Electronics Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Panasonic Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hitachi Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Toshiba Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Canon
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Apple
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
Global Consumer Electronics Market By Highlights
FAQs
The Consumer Electronics Market report segments the market been segmented on the based on type, end user, and region.
Growing inclination toward using smart electronic devices among individuals, coupled with increase in need of internet by consumers across the globe is boosting the growth of the target market.
North America was the dominating market in 2021
The leading players operating in the Consumer Electronics Market includes HP Inc., Apple Inc., Samsung Electronics Co. Ltd., Sony Corporation, LG Electronics Inc., Panasonic Corporation and Hitachi Ltd., and Toshiba Corporation, Canon, Inc., Apple, Inc.