Global consumer electronics market was valued at USD 1190 billion in 2017 and expected to grow at CAGR 6.4% over the forecast period 2019–2026
Global Consumer Electronic Market Report (Industry Analysis, Applications, Growth, Trends) and Future Forecast (2016-2026) is the latest report published by Straits Research which is committed to delivering details of the Consumer Electronic industry.
Straits Research offers a high level of accuracy, an in-depth valuation, and systematic research methodology to the reader that helped to collect the info from direct as well as indirect sources. Forecasting patterns were considered across the various regions where the Consumer Electronic industry is growing steadily. The report has taken a deep dive into the market and has extracted the data from secondary and primary sources.
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Some of the major key players in the global consumer electronics market are Canon Inc. (Japan), Sony Corporation (Japan), Samsung (South Korea), Koninklijke Philips N.V. (The Netherlands), Apple Inc. (U.S.), LG Electronics Inc. (South Korea), Nikon Corporation (Japan), Panasonic Corporation (Japan), Huawei Technologies Co., Ltd. (China), and Hitachi, Ltd. (Japan).
These players are trying to recognize the needs of the market in developing countries and expanding their strategies to improve business needs.
In January 2018, Panasonic Corporation started its first refrigerator plant in India with an annual production capacity of 500,000 units with an investment of USD 17.76 million
The Consumer Electronic Market is segmented into different sections such as by type, by application, by end users, and by regions. The report about the Consumer Electronic industry covered the markets by analyzing the top players participating in the market. To make this report an exceptional one, several parameters are models are used which include SWOT analysis, Porters five force model, and pestle analysis.
Development in technology and innovations have created an educated workforce which ultimately witnessed in increasing per capita income and this particular factor has positively impacted on the growth of the Consumer Electronic market since the past few years.
In the end, this report discusses the key drivers influencing the market growth, opportunities, challenges and the risks faced by key players and the Consumer Electronic market as a whole. Additionally, It analyzes the emerging trends and their impact on present and future market statistics and development.