Consumer Electronics Market Witness High Demand due to Growth in Online Retailing Industry

9490603786_282b4d0722_m-1
Consumer Electronics Market Owing to Growth of Online Retail Industry
June 15, 2017
11501828256_b70589133b_m-2
Consumer Electronics Market to Grow at a CAGR of 15.4% through 2020
June 21, 2017

Consumer Electronics Market Witness High Demand due to Growth in Online Retailing Industry

15220968474_ca5de0484d_m-1

Consumer electronics include numerous devices that are used for office work, entertainment, and communications. Personal computers, notebooks, digital cameras, smartphones, tablets, laptops, radios, MP3 players, calculators, audio players, personal care devices, and camcorders are some of the commonly used consumer electronics. Factors such as increasing disposable income, reduced prices of consumer electronic devices, and improved standard of living are responsible for the growth of the global consumer electronics devices in the recent past. Technical advancements and availability of a wide variety of products are expected to propel the global consumer electronics devices market in the years to come.

Read the Detailed Information About Consumer Electronics Market at:
http://www.transparencymarketresearch.com/consumer-electronics-market.html

The global consumer electronics market is segmented on the basis of geography, product type, and end-use application. By product type, the global consumer electronics market was dominated by the handheld devices segment in 2014. In terms of revenue, the handheld devices segment is expected to maintain its dominant position during the forecast period. Smartphones equipped with technically advanced features eliminate the need for other products such as laptops, MP3 audio players, gaming devices, GPS navigators, standstill cameras, alarm clocks, and landline phones. The audio/video segment is predicted to develop at a rapid pace in coming few years. The introduction of wireless technology in audio devices is boosting the growth prospects of the audio/video segment.Based on geography, the global consumer electronics market is divided into the Middle East and Africa, North America, Europe, Latin America, and Asia Pacific.

Some of the prominent players operating in the global consumer electronics market are Samsung Electronics Co. Ltd., LG Corporation, Canon, Inc., Koninklijke Philips N.V., Dell, Inc., Hewlett-Packard Company, Sony Corporation, Apple, Inc., Nikon Corporation, and Panasonic Corporation. Demand for innovative connected television sets is expected to be the major driver of the global consumer electronics market in the years to come. Decreasing prices of tablets and smartphones are also predicted to propel the global consumer electronics market further. Based on end-use application, the global consumer electronics market is classified into commercial and residential segments. The residential segment dominated the global consumer electronics market in 2014. Increasing demand for smart devices is expected to propel the residential segment during the forecast period.

Look for the Brochure Containing Details About Professional Trends of Consumer Electronics at: http://bit.ly/28OQLPt

However, the commercial segment is also predicted to witness remarkable growth due to factors such as the growing demand for display screens and big-sized TV sets in the commercial sectors, and display of advertisements on smart devices. The commercial segment is highly competitive, as some of the new entrants are expected to give tough competition to the leading players. Availability of all electronic smart devices in online stores is another factor responsible for the rapid development of the global consumer electronics market

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Find More Electronics Articles

Leave a Reply

Your email address will not be published. Required fields are marked *