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Global Consumer Electronics Market Forecast 2018
The global consumer electronics industry has been growing significantly for the past few years due to the innovative technical developments in the sector across the globe. The industry is entering into the age of convergence wherein entirely different streams of digital-based audio, video and information technology unite and merge, removing entry hurdles across various markets and the whole industry. The union of technologies has indeed resulted into a robust demand for consumer devices such as home appliances, entertainment products, telecom equipments, computer peripherals, etc. The global consumer electronics market is expected to grow at a CAGR of around 6.7% during 2014-2018, according to our latest report "Global Consumer Electronics Market Forecast 2018".
Our report thoroughly studies the global consumer electronics market. During our study, we observed that China and US are the biggest consumer electronics markets, together accounting for more than 37% of the global industry. We have also found that China has surpassed US to become the leading country in the global consumer electronics industry. Growing market demand due to tremendous technological development and rising income levels has influenced the performance of the Chinese consumer electronics market. Its huge population has also presented it as a highly potential market. Apart from this, India is also one of the potential consumer electronics market. Though it has a meager share in global market, the factors similar to China are helping it to grow enormously.
The report also provides the current market and forecast till 2018 for US, UK, China, India, Germany, South Korea, Japan and Taiwan. The major players of each country have also been identified. In addition to this, the report provides product-level analysis with forecast till 2018 of the key consumer electronics products that are driving the whole industry. It has been observed that 3D TVs, Smart TVs, Smartphones and Tablets are among the few products that are witnessing high growth and hold immense potential in the future.
Additionally, the report analyzed the global consumer electronics market size, industry trends and challenges to present a comprehensive overview of the market. We have also included the key players’ such as Samsung Electronics Co. Ltd., LG Electronics Inc., Apple Inc., and many others, and included their company description, product portfolio, key financials, strategic analysis and recent developments to provide a brief idea of the competitive landscape.
Thus, the report covers all the important aspects of the global consumer electronics market, which will prove decisive for the clients. Overall, the report is an outcome of extensive research and prudent analysis and is meant to offer suitable knowledge base to those who are interested in Global consumer electronics market.