Consumer Electronics Market size valued at USD 1 trillion in 2019 and is estimated to grow at a CAGR of over 7% between 2020 and 2026. Key consumer electronics market players include AB Electrolux, Apple Inc., Bose Corporation, Canon, Inc., Dell Inc., LG Corporation, Fujifilm Corporation, General Electric, Google, Inc., Haier Corporation, Hitachi, Ltd., Hewlett-Packard Company, Huawei Technologies Co. Ltd., Acer, Inc.,  Koninklijke Philips N.V. (E & H), ZTE Corporation, Lenovo Inc., Siemens AG Logitech International S.A., LG Corporation, Microsoft Corporation, Oneplus, OPPO, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sennheiser Electronic, and Sony Corporation. Voice assistants, such as Alexa, Siri, and Google Home, enable consumers to monitor and control their devices with a simple voice command. They also produce home intercommunication and alarm systems. Countries that produce electronics now have strong consumer bases that can afford new electronic products. This increase means better profitability for the industry at large in the future. With number of nuclear families on the rise, and other macro and micro economic factors changing for the better, it is a safe bet to say the industry will boom. The consumer electronics industry is the professional industry involved in creating various electronic devices for use in homes and intended for general consumer consumption, rather than for use in other industries or by various professionals. As developing economies grow, consumer demand for electronics also grows. Investopedia uses cookies to provide you with a great user experience. As consumer preferences shift and technologies continue to evolve, the consumer electronics industry is bound to benefit from a host of new business opportunities. Published Date: Aug 2020  |  Report ID: GMI2383  |  Authors: Preeti Wadhwani, Prasenjit Saha. The offers that appear in this table are from partnerships from which Investopedia receives compensation. An industry group is a classification method for companies based on common lines of business. These authorized dealer stores aided the company to increase its market revenues from these locations. Dynamically changing technology landscape is encouraging consumers to shift to electronics integrated with latest technologies. With the growing influence of smartphones and the deep penetration of internet connectivity, consumer electronics companies can choose to not limit themselves to just brick-and-mortar stores. The consumer electronic market is comprised of the profit generated through the sales of these products. The report covers the present ground scenario and the future growth prospects of the consumer electronics industry for 2017-2030 along with the industry players’ analysis. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines. The consumer electronics industry, like many others, is experiencing a certain amount of volatility, and even the most expert projections may be stymied by the unpredictability of today’s market forces. The industry is highly fragmented in nature owing to presence of large number of well-established and recognized players in the marketplace. The electronics sector produces electronic equipment and consumer electronics and manufactures electrical components for a variety of products. Proliferation of voice assistants in residential and commercial sectors is disrupting the market. The Global Face Recognition in Consumer Electronics market study 2020 provides a basic overview of the industry including descriptions, organizations, applications, and business chain structure. Rapidly increasing penetration of internet connectivity & services in several developed and developing economies across the globe is providing robust growth opportunities for the consumer electronics market. Increasingly these product… Challenges in the Electronics Retail Market, Semiconductors: Understanding the Objects That Power Our Digital Lives. This has been like a second holiday season for the electronics industry as consumers snapped up PCs, video cameras, Wi-Fi routers, TVs, and other electronics gear. Industries within the electronics sector include telecommunications, networking, electronic components, industrial electronics, and consumer electronics. Other countries also regulate the industry at varying levels. The growing demand is encouraging market leaders to launch new products in the household consumer electronics segment. By using Investopedia, you accept our. Industries within the electronics sector include telecommunications, electronic components, industrial electronics, and consumer electronics. Companies operating in the consumer electronics industry are laying emphasis on acquiring other firms operating in the ecosystem. Volatility in electronics stock is becoming more common due to this fragmentation and competition. Consumer Electronics Industry 's inventory turnover ratio sequentially increased to 2.16 in the 3 Q 2020, below Consumer Electronics Industry average. Though the electronics sector is growing, primarily the semiconductor industry, due to increased consumer spending in emerging markets, the sector continues to become fragmented and competitive as the landscape changes, new technologies are introduced, and new entrants enter the market. The market size of consumer electronics valued at USD 1 trillion in 2019. Within Technology sector 10 other industries have achieved higher Inventory Turnover COS Ratio. Companies in the consumer electronics industry include Samsung Electronics, Apple, General Electric, Huawei, LG Electronics, Sony Corporation, Bose, Sonos, Sennheiser, AB Electrolux, Haier, Canon, Nikon, GoPro, etc. Consumer discretionary is an economic sector comprising non-essential products that individuals may only purchase when they have excess cash. E-Commerce and Omnichannel retail bring in new customers. With the launch of new and improved smartphones, Xiaomi has been ranked the second phone brand with highest sales across India consumer electronics market in 2017. Later products include personal computers, telephones, MP3 players, audio equipment, televisions, calculators, GPS automotive electronics, digital cameras and players and recorders using video media such as DVDs, VCRs or camcorders. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. For instance, in 2019, Apple opened its retail stores in six new locations in countries including Japan, Singapore, Mexico, and Taiwan. According to the market data by the China Internet Network Information Center, internet penetration reached 61.2% in 2019, increasing by 1.6% compared to 2018. The rapid spread of COVID-19 pandemic, since the beginning of January 2020, has adversely impacted the consumer electronics sector. The Conglomerates Sector refers to the market sector inhabited by large corporations comprised of diverse holdings. The industry share of consumer electronics is estimated to grow at a CAGR of over 7% between 2020 and 2026. Several factors including disruptions in supply chain & logistics, restrictions on trade, and acute shortage of raw materials have hampered the production capacity of consumer electronics manufacturers. Consumer Electronics Manufacturing in the UK industry outlook (2020-2025) poll Average industry growth 2015-2020: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. According to the industry forecast, the market is expected to regain momentum in Q1 of 2021. This growth can be attributed to increasing disposable income and spending capacity of consumers. Electronics retail, however, is becoming increasingly competitive and fragmented from experiencing a unique set of challenges. As the variety of electronics products increases, stores struggle to offer enough of the more popular products to consumers and concede some of the market share to online retailers. Get in touch with us for special pricing. Availability of low-cost consumer electronic products, such as smartphones and TVs, from several local brands is supporting their adoption in low income groups. Aggregate metrics for all NYSE and NASDAQ listed stocks in the Retail - Consumer Electronics Industry. Get more details on this report - Request Free Sample PDF. The Consumer Electronics industry provides mass-consumption electronic equipment with a relatively low degree of customisation that is marketed on a global scale. ROI improved compare to previous quarter, due to net income growth. Electronics sector growth is accelerated by increased consumer spending around the world. From traditional consumer electronic products such as smartphones, laptops, computers, tablets, and digital cameras, to the more advanced products such as band, chest strap, activity tracker, fitness monitor, pedometer, and wearable electronic devices, the global market for consumer electronics … Volatility in company valuations is increasingly becoming normal for electronics retailers as the industry matures and experiences a shifting landscape. The electronics sector is growing rapidly as a result of increasing demand from emerging market economies. Consumer electronics industry shows a brighter picture of the future. Canada personal application segment was worth USD 25 billion in 2019 and may record 7% CAGR through 2026. The report includes a detailed analysis of the prevalent market situation, company profiles and industry trends for consumer electronics market used across various end-use applications segments such as residential and commercial. 2. Integration of voice assistant with personal consumer electronics, such as speakers and earphones, will provide a positive outlook. Industries within the electronics sector include telecommunications, electronic components, industrial electronics, and consumer electronics. Fortunately, this industry does show promise of excellent growth in 2020 and beyond. We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Contemporary society uses all manner of electronic devices built in automated or semi-automated factories operated by the industry. A semiconductor is a class of electrical component found in many consumer and industrial products. worldwide: Revenue in the Consumer Electronics segment is projected to reach US$378,995m in 2020. Our customers rely on us to produce accurate, reliable and timely information. This has led to rapid reduction in the product lifecycle of consumer electronics, such as smartphones, televisions, and cameras, hampering market demand. Changes resulting from store closures, mergers and acquisitions, and declining prices are pressuring the electronics sector to become more efficient and more profitable. Semiconductors are used in most electronic products, including cameras, computers, automobiles, mobile phones, refrigerators, bulbs, washing machines, and televisions. Common items in the electronics sector include mobile devices, televisions, and circuit boards. Xiaomi is one of the most reputed China consumer electronics industry giants striving to attract more customers by delivering well-designed and high-quality products. The most profitable sector within electronics, the semiconductor industry, has grown to become worth more than $412 billion globally as of 2019. Current market size of the consumer electronics and appliances industry: India and global The latest report from Grand View Research states that the global consumer electronics market is expected to reach US$ 838.85 billion by the end of 2020. Click to drill down to individual stock data. Consumer Electronics Market Size By Product (Audio & Video Equipment [Personal, Professional], Major... Access to only 1 person; cannot be shared; cannot be printed, Access for 2 to 5 users only within same department of one company, Access to a company wide audience; includes subsidiary companies or other companies within a group of companies, U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa, AB Electrolux, Acer, Inc., Apple Inc., Best Buy Co., Inc., Bose Corporation, Canon, Inc., David Clark Inc., Dell Inc., Fujifilm Corporation, Fujitsu General Electric, Gionee Communication Equipment Co. Ltd., Google, Inc., GoPro, Inc., Haier Corporation, Hisense Kelon Electrical Holdings Co. Ltd., Hitachi, Ltd., Hewlett-Packard Company, Huawei Technologies Co. Ltd., iON Worldwide LLC, JVCKenwood Corporation, Koninklijke Philips N.V. (E & H), Lenovo Inc., Logitech International S.A., LG Corporation, Meizu Telecom Equipment Co. Ltd., Microsoft Corporation, Micro-Star International Co. Ltd. (MSI), Nikon Corporation, Olympus Corporation, Oneplus, OPPO, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corporation, Sennheiser Electronic, Sonos, Inc., Siemens AG, Skyworth Digital Holdings Ltd., Sony Corporation, TCL Corporation, Toshiba Corporation, Vivo Communication Technology Co. Ltd., Walton Group, Whirlpool Corporation, ZTE Corporation, Advanced technologies in earphones & headphones, Rising demand for technologically advanced large sized TVs, Increasing consumer disposable income and spending capacity, Rising construction and mining activities in Latin America, Stringent energy efficiency regulations in North America, Government initiatives for replacement of obsolete products in Europe, Rising unemployment rates in several countries across the globe, High availability of counterfeit products, This website is secured by 256-Bit encryption, Comodo, Firewall, Verified Sitelock Malware Protection. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients. That is why a smart concept is needed – one that is intelligently adapted to this innovation-driven market. Consumer electronics have become an essential part of consumers’ daily life routines in the past decade. Asia's proportion of the market for electronics is expected to represent approximately half of the global market within the next several decades. Rely on our Market Intelligence platform to get the latest trends on the Consumer Electronics Industry and anticipate the future of the sector. Growth in the electronics sector is primarily driven by innovation, with companies spending significant amounts on research and development (R&D) to make better products and to increase the efficiency of the manufacturing process. Consumer Electronics Industry 2020. 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2020 consumer electronics industry