Global Consumer Electronics Market Trends, Size, Competitive Analysis and Foreca
Posted by mansi on March 26th, 2020
The global consumer electronics industry is expected to register considerable growth over the forecast period 2019-2025. Surging demand for products such as televisions, smart phones, and wearable devices is one of the primary driving factors for the global consumer electronic market. Moreover, rising disposable income coupled with increasing adoption of smart devices, technology proliferation, development of semiconductor industry, and increasing penetration of internet of things (IoT) are further fueling the growth of the consumer electronic market. The report analyzes the global consumer electronics market on the basis of product type and geography. Based on product type, the market is classified into smart phones and tablets, desktops, laptops/notebooks, televisions, cameras and camcorders, audio/video devices, gaming consoles and accessories, home appliances, and others. Other product type includes wearable electronics such as smart watches and virtual reality and augmented reality gears. Smart phones and tablets segment
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Geographically, the market is analyzed into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to contribute major market share in the global consumer electronic market. Rapid urbanization, increasing disposable income of people, and presence of several key market players such as Samsung, Panasonic, Sony, Huawei, Hitachi, and several others are influencing the market growth of the region. However, industry is facing heavy headwind due to outbreak of COVID-19 across the globe. China has been hit hard by spread of the virus as the country is an epicenter of the COVID-19. Not only China, several major economies including the US, South Korea, Japan, and Italy are also under threat of COVID-19 outbreak and so is their consumer electronic industry. Retail shops and showrooms of major brands, super markets, and hypermarkets have been shut down for a definite period of time affecting sales of various consumer electronics products. For instance, Samsung Electronics America, announced to temporarily close all its US and Canadian store from 19th March 2020.
A full Report of Global Consumer Electronics Market is Available at: https://www.omrglobal.com/industry-reports/covid-19-impact-on-consumers-electronics-market
Global Consumer Electronics Market Segmentation
Rest of the World
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Joined: January 22nd, 2020
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