Smart Home Concept Is the New Focus for the Manufacturers

The global consumer electronics market is expected to grow at a CAGR of over 3% during 2015-2020, says RNCOS.


Noida, UP -- (SBWIRE) -- 09/18/2015 -- Global consumer electronics industry has been witnessing rapid growth over the past few years. Digital revolution, higher per capita incomes, coupled with the thirst among people to remain tech savvy, has propelled new developments in the industry. Manufacturers are increasingly introducing innovative products in order to provoke impulsive buying among the consumers.

As per our research, the smart home has really hit its stride. It is behind the move toward mass adoption. For one, there are more and more devices launching into the market each week that can connect to the home. The Smart home concept is touching almost every aspect of everyone's life, and it's bringing a host of new companies and new partnerships to develop this idea into the next big market. On the back of all this the global consumer electronics market will eventually grow in future.

The report "Global Consumer Electronics Market Outlook 2020", by RNCOS spread over 115 pages provides an in-depth research and rational analysis of the current status and future growth prospects of the consumer electronics market on globe. Our research includes analysis of consumer electronics by type (which includes TV, audio/ video devices, High Definition consumer Electronics, Telecom Equipment, computer, Home Appliances, Wearable Gadgets, Automotive Consumer electronics, Cameras), which is further bifurcated into types with future projections till 2020.

Besides that, the report provides a country level analysis of consumer electronics market including analysis of 10 major countries. We have taken countries such as US, UK, Germany, India, China etc. Additionally, the report analyzed the global consumer electronics market size and industry trends to present a comprehensive overview of the market.

Further, through the section of key players, we have tried to provide the insight of current market scenario and existing competition to our customers. We have included the key players' such as Samsung Electronics Co. Ltd., LG Electronics Inc., Apple Inc., and many others, and included their business overview, product portfolio, key financials, strength weakness analysis and recent developments to provide a brief idea of the competitive landscape. In all, the report presents a comprehensive look at the sector's past, present, and future scenario.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.