What is Consumer Electronic Device Market?
Consumer electronics Device is a device containing an electronic circuit board that is intended for everyday use by persons. This involves a huge category of electronics devices that includes televisions, PDAs, digital cameras DVDs, clocks, audio devices, calculator’s headphones, tablets, smartphones, cameras, and VCRs. People purchase consumer electronics devices for casual use and entertainment rather than professional use. Moreover, increasing the huge demand for smartphones, tablets, and smartwatches from consumers creates an opportunity for the consumer electronic device market in the forecast period.
The market study is being classified by Type (Television, Smartphone, Audio Video Devices, Telecom Equipment, Computer and Other), by Application (Commercial and Personal) and major geographies with country level break-up.
Samsung Group (South Korea), LG Electronics Inc. (South Korea), Apple Inc. (United States), Hitachi, Ltd. (Japan), Koninklijke Philips N.V. (Netherland), Sony Corporation (Japan), Hewlett-Packard (United States), Toshiba (Japan), Panasonic (Japan) and Dell Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Canon Inc. (Japan), Nikon Corporation (Japan) and Xiaomi (China).
The Players having a strong hold in the market are Samsung, LG, Apple Inc., and Hitachi, Ltd.. Research Analyst at AMA predicts that Asian Players will contribute to the maximum growth of Global Consumer Electronic Device market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Consumer Electronic Device market by Type, Application and Region.
On the basis of geography, the market of Consumer Electronic Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Disposable Income of Consumers, Together with the Rising of Internet Usage
- Rising Inclination toward using Smart Electronic Devices in Emerging Economies
Market Trend
- Increasing Rapid Urbanization and Digitalization in Developing Countries like India and China
Restraints
- Increasing E-Waste from the Consumer Electronic Device Globally
Opportunities
- Increasing Demand from Commercial and Residential Sector
- Rapidly Increasing R&D and Technological Advancements in Consumer Electronics
Key Target Audience
Consumer Electronic Device Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other