Consumer Electronics Market Expected to Reach US$ 1,550.34 Bn in 2022, Globally
Albany, NY -- (SBWIRE) -- 05/27/2015 -- The global consumer electronics market is classified on the basis of product type into televisions, handheld devices, personal computers (laptops, desktops), cameras and camcorders, audio/video devices (portable MP3 players, set-top-box, music systems, accessories), personal care products (shavers, hair dryers), and gaming consoles. Handheld devices product segment includes various products such as mobile phones, tablet PCs, personal digital assistants, and calculators.
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The research report on the consumer electronics market provides a detailed analysis of various products types included under the scope of this report and helps in understanding driving forces behind the popularity of this service across different end-use application segment. The report includes extensive analysis of the industry drivers, restraints, market trends, and market structure. The market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on product types and end-use application across different geographies, such as North America, Europe, Middle East and Africa, Asia Pacific and Latin America.
The market share analysis of the leading players of the global consumer electronics market mentioned in the report provides detailed understanding of the market shares of the companies profiled in the report. The report includes a detailed analysis of the prevalent market situation, company profiles and industry trends for consumer electronics market used across various end-use applications segments such as residential and commercial.
The market research study analyzes the consumer electronics market on a global level, and provides estimates in terms of revenue (US$ Bn) for years 2012 and 2013, along with market forecast for the period 2014 to 2020. The product type segment includes in-depth analysis and forecast of applications across the different geographies. The detailed distribution chain analysis and recommendations on the market would help market competitors to formulate their business strategies at every stage of their business. Moreover, the market estimates have been analyzed keeping in mind different factors including but not limited to technological, economical, social, environmental, and legal factors.
The report provides company market share analysis of the various industry participants. Key players have also been profiled on the basis of company overview, financial overview, business strategies, and recent developments in the consumer electronics market. Major market participants profiled in this report include Samsung Electronics Co. Ltd, Sony Corporation, LG Corporation, Apple, Inc, Canon, Inc, Nikon Corporation, Koninklijke Philips N.V., Panasonic Corporation, Dell, Inc, and Hewlett-Packard Company.
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Increasing disposable income, introduction of technological advanced devices and decreasing prices of consumer electronic devices are the basic factors responsible for growth of the consumer electronics market globally. Innovative connected TVs are driving the market for television in matured economies. Decreasing price of smart phones is fuelling its market growth and is expected to continue propelling the market growth in the long term. Growing demand for interchangeable lens cameras as against standstill cameras is boosting the demand for cameras. Growth in the demand for high-end graphics games are anticipated to continue cements the market growth for gaming consoles over the forecast period.
Market Segmentation of Global Consumer Electronics Market:
Consumer Electronics Market, by Product Type
Cameras and Camcorders
Personal Care Products
Consumer Electronics Market, By End-Use Application
Global Consumer Electronics Market, By Geography
Middle-East and Africa
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