Consumer Electronics Market size to grow at a CAGR of 4.85% from 2022 to 2027|Innovation and product launches to boost the market growth - Technavio

NEW YORK, July 20, 2023 /PRNewswire/ -- The consumer electronics market size is expected to grow by USD 110.31 billion during the five-year forecast period, according to Technavio. As per the latest report, the market will progress at a CAGR of 4.85% during 2022-2027. The rising popularity of online channels is a primary trend in the consumer electronics market during the forecast period. There has been an increase in number of smartphone users due to the rising internet penetration globally. There is a significant transformation in the consumer electronics landscape due to the growing preference for online shopping among consumers. Furthermore, the introduction of 4G and 5G into the market is expected to positively impact consumer electronics market growth as it offers users a smooth and seamless experience. Due to the significant shift to online retailing, it offers vendors several opportunities in the consumer electronics market. The main advantage of online retailing is that it helps them to earn more revenue via their own web portals. Thus, the shift in lifestyle and rising disposable income is expected to drive the consumer electronics market growth during the forecast period. View New Sample Report within minutes!

Key drivers - 

Innovation and product launches drive the consumer electronics market growth during the forecast period. Several vendors in the market are launching new products with advanced features in the consumer electronics segment to sustain in the market. The main advantage of these frequent product launches is that the vendors can cater to growing consumer demand based on different demographics. There is always a demand for consumer products such as laptops and smartphones speaker which have additional features in the market. For example, in January 2023, Apple Inc. launched MacBook Pro featuring M2 Pro and M2 Max. Some of the key features of the new MacBook Pro include 6 times faster performance than the fastest Intel-based MacBook Pro and support for up to 96 GB of unified memory for demanding professional workflows. Hence, such product launches are expected to drive the consumer electronics market growth during the forecast period.

Significant Challenge -

Fluctuation in raw materials required for producing consumer electronics products is a significant challenge hindering the market growth during the forecast period. Different kinds of metals, plastics, raw materials, and chemicals are used for manufacturing consumer electronics. Copper, lithium, tin, silver, gold, nickel, and aluminum are some of the common metals used in the electronic industry. Hence, the fluctuation in raw material prices can negatively affect market growth. One of the main reasons for this fluctuation in price is due to supply chain disruption. For example, the COVID-19 scenario and Russia Ukraine war affected the supply chain worldwide, which fuelled the cost of semiconductor chips and other raw materials. The procurement and use of different raw materials such as steel, iron, plastic, glass, electrical devices, petroleum products, and paints, are needed for the production of domestic appliances. Hence, such factors are expected to hinder the consumer electronics market growth during the forecast period.

Consumer Electronics Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Apple Inc., Canon Inc., Dell Technologies Inc., Emerson Electric Co., FRIGIDAIRE, Godrej and Boyce Manufacturing Co. Ltd., Guangdong OPPO Mobile Telecommunications Corp. Ltd., Haier Smart Home Co. Ltd., Hisense International Co. Ltd., HP Inc., Huawei Technologies Co. Ltd., Koninklijke Philips NV, Lenovo Group Ltd., LG Electronics Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sony Group Corp., Whirlpool Corp., and Fujitsu Ltd. are some of the major market participants. Although frequent product launches will offer immense growth opportunities, the long product lifecycle of major appliances will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Vendor Offering

•  Apple Inc: The company offers Macbook pro in 14-inch size and 16-inch sizes, thus designed to play Apple TV apps and movies for up to 20 hours nonstop without battery charging.
• Canon Inc: The company offers an EOS 5D mark IV body DSLR camera which is inbuilt with a 30.4 megapixel full-frame CMOS sensor to execute video shooting in any light condition.
• Dell Technologies Inc: The company offers XPS 15 series laptop which has a dual array microphone and is built with integrated eye-safe display technology that helps to reduce harmful blue light while maintaining vivid color.

Consumer Electronics Market 2023-2027: Scope

• Consumer Electronics Market size
• Consumer Electronics Market trends
• Consumer Electronics Market industry analysis
• Consumer Electronics Market five forces analysis
• Consumer Electronics Market competitive landscape

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Consumer Electronics Market 2023-2027: Segmentation

Consumer Electronics Market is segmented as below:

• Application 
• Personal
• Professional
• Distribution Channel
• Offline
• Online
• Geography 
• APAC
• Europe
• North America
• South America
• Middle East And Africa

The market share growth by the personal segment is significant during the forecast period. Personal consumer electronics can be defined as electronic products for non-commercial use. One of the main reasons which have significantly contributed to the growth of the consumer electronics market is the rising adoption of diverse consumer electronic products in the household. There is increasing integration of various digital technologies into consumer electronics by manufacturers, and are increasingly focused on offering consumers a quality experience. Furthermore, there is a growing adoption of smart grid and smart house technology in Europe. Hence, such factors are expected to drive market growth during the forecast period.

To learn more about the impact of different segments on the market growth, Request a Sample PDF Report!

Consumer Electronics Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist consumer electronics market growth during the next five years
• Estimation of the consumer electronics market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the consumer electronics market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of consumer electronics market vendors

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Table Of Contents :

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global consumer electronics market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global consumer electronics market 2017 - 2021 ($ billion)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Personal - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Personal - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Personal - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Personal - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Personal - Year-over-year growth 2022-2027 (%)

• 6.4 Professional - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Professional - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Professional - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Professional - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Professional - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ billion)
• Exhibit 43: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments
• Exhibit 44: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 46: Chart on Comparison by Distribution Channel
• Exhibit 47: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel 
• Exhibit 56: Market opportunity by Distribution Channel ($ billion)
• Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027 
• Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ billion)
• Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Apple Inc.
• Exhibit 111: Apple Inc. - Overview
• Exhibit 112: Apple Inc. - Business segments
• Exhibit 113: Apple Inc. - Key news
• Exhibit 114: Apple Inc. - Key offerings
• Exhibit 115: Apple Inc. - Segment focus

• 12.4 Canon Inc.
• Exhibit 116: Canon Inc. - Overview
• Exhibit 117: Canon Inc. - Business segments
• Exhibit 118: Canon Inc. - Key offerings
• Exhibit 119: Canon Inc. - Segment focus

• 12.5 Dell Technologies Inc. 
• Exhibit 120: Dell Technologies Inc. - Overview
• Exhibit 121: Dell Technologies Inc. - Business segments
• Exhibit 122: Dell Technologies Inc. - Key news
• Exhibit 123: Dell Technologies Inc. - Key offerings
• Exhibit 124: Dell Technologies Inc. - Segment focus

• 12.6 Emerson Electric Co.
• Exhibit 125: Emerson Electric Co. - Overview
• Exhibit 126: Emerson Electric Co. - Business segments
• Exhibit 127: Emerson Electric Co. - Key news
• Exhibit 128: Emerson Electric Co. - Key offerings
• Exhibit 129: Emerson Electric Co. - Segment focus

• 12.7 Fujitsu Ltd.
• Exhibit 130: Fujitsu Ltd. - Overview
• Exhibit 131: Fujitsu Ltd. - Business segments
• Exhibit 132: Fujitsu Ltd. - Key news
• Exhibit 133: Fujitsu Ltd. - Key offerings
• Exhibit 134: Fujitsu Ltd. - Segment focus

• 12.8 Hisense International Co. Ltd. 
• Exhibit 135: Hisense International Co. Ltd. - Overview
• Exhibit 136: Hisense International Co. Ltd. - Business segments
• Exhibit 137: Hisense International Co. Ltd. - Key offerings
• Exhibit 138: Hisense International Co. Ltd. - Segment focus

• 12.9 HP Inc.
• Exhibit 139: HP Inc. - Overview
• Exhibit 140: HP Inc. - Business segments
• Exhibit 141: HP Inc. - Key news
• Exhibit 142: HP Inc. - Key offerings
• Exhibit 143: HP Inc. - Segment focus

• 12.10 Huawei Technologies Co. Ltd. 
• Exhibit 144: Huawei Technologies Co. Ltd. - Overview
• Exhibit 145: Huawei Technologies Co. Ltd. - Business segments
• Exhibit 146: Huawei Technologies Co. Ltd. - Key news
• Exhibit 147: Huawei Technologies Co. Ltd. - Key offerings
• Exhibit 148: Huawei Technologies Co. Ltd. - Segment focus

• 12.11 Koninklijke Philips NV 
• Exhibit 149: Koninklijke Philips NV - Overview
• Exhibit 150: Koninklijke Philips NV - Business segments
• Exhibit 151: Koninklijke Philips NV - Key news
• Exhibit 152: Koninklijke Philips NV - Key offerings
• Exhibit 153: Koninklijke Philips NV - Segment focus

• 12.12 LG Electronics Inc.
• Exhibit 154: LG Electronics Inc. - Overview
• Exhibit 155: LG Electronics Inc. - Product / Service
• Exhibit 156: LG Electronics Inc. - Key offerings

• 12.13 Panasonic Holdings Corp. 
• Exhibit 157: Panasonic Holdings Corp. - Overview
• Exhibit 158: Panasonic Holdings Corp. - Business segments
• Exhibit 159: Panasonic Holdings Corp. - Key news
• Exhibit 160: Panasonic Holdings Corp. - Key offerings
• Exhibit 161: Panasonic Holdings Corp. - Segment focus

• 12.14 Robert Bosch GmbH
• Exhibit 162: Robert Bosch GmbH - Overview
• Exhibit 163: Robert Bosch GmbH - Business segments
• Exhibit 164: Robert Bosch GmbH - Key news
• Exhibit 165: Robert Bosch GmbH - Key offerings
• Exhibit 166: Robert Bosch GmbH - Segment focus

• 12.15 Samsung Electronics Co. Ltd. 
• Exhibit 167: Samsung Electronics Co. Ltd. - Overview
• Exhibit 168: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 169: Samsung Electronics Co. Ltd. - Key news
• Exhibit 170: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 171: Samsung Electronics Co. Ltd. - Segment focus

• 12.16 Sony Group Corp.
• Exhibit 172: Sony Group Corp. - Overview
• Exhibit 173: Sony Group Corp. - Business segments
• Exhibit 174: Sony Group Corp. - Key news
• Exhibit 175: Sony Group Corp. - Key offerings
• Exhibit 176: Sony Group Corp. - Segment focus

• 12.17 Whirlpool Corp.
• Exhibit 177: Whirlpool Corp. - Overview
• Exhibit 178: Whirlpool Corp. - Business segments
• Exhibit 179: Whirlpool Corp. - Key offerings
• Exhibit 180: Whirlpool Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 181: Inclusions checklist
• Exhibit 182: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 183: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 184: Research methodology
• Exhibit 185: Validation techniques employed for market sizing
• Exhibit 186: Information sources

• 13.5 List of abbreviations 
• Exhibit 187: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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