Global Consumer Electronics Market Size by Level of Automation, Component, and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027, The Global Consumer Electronics Market is expected to be valued at USD1.7 Trillion in 2020, and is projected to reach USD xx.xx billion by 2027, registering a CAGR of 12% from 2019 to 2027. The base year considered for the study is 2019, and the forecast has been provided for the period from 2020 to 2027. The market mainly driven by constant innovations and transformations, some of which include the steady introduction of the 5G mobile network, 5G compatible smartphones, and smart devices. Asia-Pacific is expected to remain at the forefront and hold the highest position in the global market in the forthcoming years followed by Europe and North America.   

Main players covered by the study on the global consumer electronics market are: 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 and other key vendors.

COVID-19 Impact: market to register significant growth after initial slowdown. The lockdown announced by the government agencies and the growing insecurities regarding jobs is likely to be the main factors leading to the disruption in the electronics industry. However, the growing work-from-home culture is likely to drive the adoption of electronics such as computers, laptops, and others to stabilize the market in the near future.

Summarization of Report

The Consumer Electronics market is divided into five segments: TV, Radio & Multimedia, TV Peripheral Devices, Drones, Telephony and Computing. In this report, growth potentials, market drivers, consumer insights, key companies and future developments in the Consumer Electronics market worldwide will be discussed. Along with the market position, future trends, market share, market dynamics, opportunities, threats, risks and entry barriers, a detailed overview of the smart clothing/fabrics market is included. In the form of graphs, tables, pie chart, and product figures, all the brief points and analytical market data are statistically pictured to provide users with overall information. 

The TV, Radio & Multimedia segment is the third largest segment of the Consumer Electronics market. Revenue accruing from this segment is forecast to increase by approximately USD xx.xx billion between 2020 and 2027, and this predicted year-on-year growth is largely driven by televisions and smart devices, like smart speakers.

The revenue of the TV Peripheral Devices segment is predicted to amount to USD xx.xx billion by 2027, up from USD 8.6 billion in 2020. The Smart Streaming Devices sub-segment in this segment is set to account for 85% of revenues accruing from TV Peripheral Devices by 2027; an increase from 47% in 2020.

Growth Mapping

The key purpose of the report is to provide a growth map of the consumer electronics market and hence assist the client's in the formulation of required strategies to meet the business goals. Thus, there are many qualitative and quantitative tools used for growth mapping of the market. These include PESTEL analysis for various regions involved in the market, SWOT analysis of the industry, PORTER'S five forces for determination of different attributes such as the power of the buyer and supplier engaged in the market, threat of substitution, intensity of competition and threat of the new entrants in the market.

Regional Analysis

The survey report includes a comprehensive investigation into the consumer electronics Market, which is clearly arranged within the localities. The report provides an analysis for more than 20 countries of regional market players operating in the specific market, and results related to the target market. The report, which covers North America, South America, Europe, Asia Pacific (APAC), Africa and the Middle East, also contains a regional and country-level analysis of the market. The market is thoroughly analyzed in each region, allowing for the identification of regional market trends, impediments and opportunities for growth.

It is estimated that North America, the dominating country in consumer electronics market will show considerable growth during the forecast period. The growth would be possible because of marketing analytics tools and because of existing players that are firmly established in the market since the beginning. In addition to that, government agencies, companies, third-party administrators, etc. are channelizing their efforts to make customer-centric products which will also contribute to the growth in this region. Rising demand, increased income, advanced technology and machinery, along with the programs for spreading the awareness of the need will likely cause the consumer electronics market to grow substantially.

Asia-Pacific is supposed to have greater demand in the forecast year because of the fast-growing population. This factor alone stands out as the reason why the region will be dominating the consumer electronics market share in the given forecast period. Due to improvements in GDP per capita and infrastructure development has urbanized the region to greater extent turning rural areas into urban areas. The sudden surge in the demand has caused the cities to fall into unsustainable consumption models. The top key players in the consumer electronics market are located in the region.

As large projects are ongoing in countries like China, Japan, India, Australia, South Korea and Indonesia in Asia Pacific, the region has potential to bypass any competition. This is also because of the great amount of reserves that the region has. Exploration activities in China are increasing which is why China may have great demand for tin catalysts and compounds. According to the National Bureau of Statistics, consumer electronics market will increase the regional demand during the forecast period.

As the major players in the consumer electronics market focus on the expansion of the business throughout the globe, the regions like Middle East and Africa will experience steady growth. Latin America will experience considerable market growth because of the small-scale manufacturers attempting for a noteworthy share in the demand. On the contrary, Europe is said to show sluggish growth because of well stabilized industries, less demand, smart development and it’s already developed countries. In the coming years situation will be change due to technological advancement and fast economic growth will drive the market during the forecast period that is 2020-2027.

Competitive Landscape

A competitive landscape for the consumer electronics market is given in the study. To differentiate business attributes, key players operating in the industry have been identified and profiled. Company overview, latest trends, financial standings, and SWOT are some of the characteristics of key players in the industry that have been profiled in this study. Main players covered by the study on the global market are: 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 and other key vendors.

The Report Provides Insights on The Following Pointers:

1. Market Development: Provides extensive information about emerging markets and analyzes the markets for the global consumer electronics market.

2. Market Penetration: Offers detailed information provided by the key players in the global consumer electronics market.

3. Competitive Assessment & Intelligence: Offers an exhaustive assessment of strategies, products, market shares and manufacturing capabilities of the leading players in the global consumer electronics market.

4. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global consumer electronics market.

5. Market Diversification: Offers detailed information about recent developments, emerging geographies, new products launch, and investments in the global consumer electronics market.

The Report Answers Questions Such As:

1. What is the global consumer electronics market's competitive position?

2. What is the size of the consumer electronics market globally?

3. What are the key factors driving the growth in the global consumer electronics market during the forecast period?

4. What are the opportunities in the global consumer electronics market?

5. Which are the main product fields to be invested in over the projected period in the global consumer electronics market?