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Consumer Electronics Market by Trends, Key Players, Driver, Segmentation, Forecast to 2026

Author : Ronak Bora | Published Date : 2020-11-03 

With connectivity and IoT on the horizon, consumer electronics market share is slated to witness a notable spike in the ensuing period. Tremendous explosion of data and advent of AI and voice assistants are playing an invaluable role in the market penetration of smart consumer electronics. Getting to the technology frontier will be one of the major focus of the forward-looking manufacturers.

Robust technologies are bringing a paradigm shift in the way end-markets communicate, connect and exchange information. Some of the factors such as easier access, rising awareness and changing lifestyle have remained instrumental in fueling consumer electronics market revenue. Industry players are counting on energy efficiency, competitive strategies, expanding luxury landscape and favorable administrative policies.

Report has projected consumer electronics market to surpass US$ 1,500 billion by 2026.

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The demand for affordable household appliances has grown a steady pace in recent years. Technological innovation has made products like microwaves, food processors, iron boxes, and hair dryers more affordable and diverse. Manufacturers are developing new products that offer enhanced functionality. Citing 2020 for instance, Xiaomi launched its latest, affordable line-up of Mijia product, the Mijia Smart Convection Microwave Oven. 

Xiaomi’s latest offering comes at a competitive price point and supports both barbecue and regular heating at the same time. Additionally, with the introduction of advanced cameras in smartphones, consumers are heavily preferring smartphones over digital cameras.

List of the Key Companies that are Operating in the Consumer Electronics Market. They are as follows:

AB Electrolux, Acer, Inc., Apple Inc., Best Buy Co., Inc., Bose Corporation, Canon, Inc., David Clark Inc., Dell Inc., Fujifilm Corporation, Fujitsu General Electric, Gionee Communication Equipment Co. Ltd., Google, Inc., GoPro, Inc., Haier Corporation, Hisense Kelon Electrical Holdings Co. Ltd., Hitachi, Ltd., Hewlett-Packard Company, Huawei Technologies Co. Ltd., iON Worldwide LLC, JVCKenwood Corporation, Koninklijke Philips N.V. (E & H), Lenovo Inc., Logitech International S.A., LG Corporation, Meizu Telecom Equipment Co. Ltd., Microsoft Corporation, Micro-Star International Co. Ltd. (MSI), Nikon Corporation, Olympus Corporation, Oneplus, OPPO, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corporation, Sennheiser Electronic, Sonos, Inc., Siemens AG, Skyworth Digital Holdings Ltd., Sony Corporation, TCL Corporation, Toshiba Corporation, Vivo Communication Technology Co. Ltd., Walton Group, Whirlpool Corporation, ZTE Corporation

Presence of tech-savvy customer base and rapid adoption of advanced technologies by manufacturers could massively benefit the North American consumer electronics market  landscape. Countries in the region are experiencing prominent demand for advanced gadgets for both professional and personal applications. Rapid implementation of smart homes and smart office building infrastructure could strengthen business outlook over the predicted timeframe. 

A spike in smart city projects in Saudi Arabia, UAE, South Africa has augured well for stakeholders vying to expand their footprints in untapped areas of Middle East and Africa. Moreover, rising role of products and services which are compatible with the IoT platform is likely to trigger growth of electronics in the region. Simply put, digitization has enabled the end-users to seamlessly control and monitor via a single app.

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Table Of Content:

Chapter 5.   Consumer Electronics Market, By Product

5.1.  Key trends by product

5.2.  Audio & video equipment (TV, Laptop, Smartphones, Earphones & Headphones, Speakers)

5.2.1. Market estimates and forecast, 2016 – 2026

5.2.2. Market estimates and forecast, by application 2016 – 2026

5.2.3. Personal    Market estimates and forecast, 2016 – 2026

5.2.4. Professional    Market estimates and forecast, 2016 – 2026

5.3.  Major household appliances (Refrigerator, Air Conditioner, Washing Machines)

5.3.1. Market estimates and forecast, 2016 – 2026

5.4.  Small household appliances (Iron Box, Microwave Ovens, Food Processors, Electric Kettle)

5.4.1. Market estimates and forecast, 2016 – 2026

5.5.  Digital photo equipment (Digital camera & Camcorder)

5.5.1. Market estimates and forecast, 2016 – 2026

5.5.2. Market estimates and forecast, by application 2016 – 2026

5.5.3. Personal    Market estimates and forecast, 2016 – 2026

5.5.4. Professional    Market estimates and forecast, 2016 – 2026

Chapter 6.   Consumer Electronics Market, By Application

6.1.  Key trends by application

6.2.  Personal

6.2.1. Market estimates and forecast, 2016 - 2026

6.3.  Professional

6.3.1. Market estimates and forecast, 2016 - 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/consumer-electronics-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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