Future Market Insights (FMI), delivers key insights on
the consumer electronics market in
its recent report titled “Consumer Electronics
Market: Global Industry Analysis and Opportunity Assessment, 2015 - 2020”. The global consumer
electronics market is anticipated to expand at a 15.4% CAGR between 2015 and
2020. It is projected that the global consumer electronics market will be worth
US$ 2,976.1 Bn by 2020.
“Global consumer electronics market
growth is mainly driven by increasing disposable income, expanding urban
population, growing internet penetration and availability of strong
distribution network. Moreover, increasing adoption of smartphones in the Asia
Pacific region, especially in the populous countries of China and India is
supporting the growth of global consumer electronics market,” said Vineet
Kumar, an analyst at Future Market Insights.
This report covers device types, namely consumer electronics device,
wearable device and smart home device. Consumer electronic device segment
dominated the market in 2014 and is expected to remain dominant during the
forecast period. However, smart home device segment is projected to expand at a
fastest CAGR of 23% between 2015 and 2020.
Browse Full: "Consumer
Electronics Market: Global Industry Analysis and Opportunity Assessment 2015 -
2020" Market Research Report at http://www.futuremarketinsights.com/reports/details/consumer-electronics-market
Consumer electronics device segment is further sub-segmented into
smartphone, feature phone, tablet, smart TVs, other TVs, set-top box, personal
computer, digital camcorder & camera, digital media adapter, digital video
recorder (DVR), game console, printer and other consumer electronics device.
Among all the aforementioned sub-segments, smartphone sub-segment was the
largest contributor to the consumer electronics device segment revenue, with
over 25% market share in 2014. Further, smart-phone sub-segment is estimated to
exhibit fastest CAGR of over 20% between 2015 and 2020. However, feature phone
sub-segment is likely to experience negative CAGR throughout the projected
period as consumers are shifting from feature phone to smartphone. Game console
sub-segment has been facing stiff competition from tablets and smartphones, as
these devices have emerged as a viable substitute for game console. The
wearable device segment includes smart accessory and other wearable device,
while smart home device is sub-segmented into smart kitchen appliance and
security & HVAC system.
This report also covers the seven regions such as North America, Latin
America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ),
Japan, and Middle East & Africa (MEA) in the consumer electronics market.
Of all the regions, APEJ and North America were the most prominent regions,
with over 40% share of the global consumer electronics market in 2014.
Additionally, consumer electronics market in APEJ is projected to witness the
fastest CAGR over the forecast period. Eastern Europe and Latin America are the
other attractive regional markets in terms of revenue CAGR. This growth is
attributed to the increasing disposable income and changing consumer lifestyle
in these regions.
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Major players in the global consumer electronics market continue to
innovate by including advanced features into consumer electronic devices.
Additionally, major participants such as Apple Inc. and Samsung Electronics Co.
Ltd. have been focusing on operational expansion in order to gain competitive
advantage. Key players included in global consumer electronics market are Apple
Inc., Samsung Electronics Co. Ltd., HP Inc., LG Electronics Inc., Sony
Corporation, Toshiba Corporation, Panasonic Corporation and Hitachi Ltd.
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