How will the consumer electronics market evolve globally in the next 2 to 3 years?
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This report published by Infiniti Research Limited in March 2014, involves a market analysis and a forecast of the consumer electronics market for the period of 2014-2018.
Consumer electronics are defined as the electronics used daily by consumers. The market includes manufacturers of audio and video equipment for home and car entertainment. Sales of these products are affected by the technology that they use, the pricing, availability of variants and levels of customer support. The industry is also affected by global economic conditions, as this affects the purchasing power of consumers. The global consumer electronics market is expected to grow at a compound annual growth rate of 5.59% over the 2013-2018 period.
The consumer electronics market can be divided into five segments: TVs, in-car entertainment equipment, portable and home audio equipment, as well as cameras and image recording and playback devices. The report looks at current data as well as the growth prospects, having calculated the market size by looking at the revenue from sales.
The report features an in-depth market analysis with input from industry experts and it covers the Asia Pacific, Europe, the Middle East and Africa as well as the Americas. Major players profiled in the report include LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sony Corp., Toshiba Corp., Akai Sales Pte. Ltd., Haier Electronics Group Co. Ltd., Hitachi Ltd., Koninklijke Philips N.V., Konka Group, Microsoft Corp., MIRC Electronics Ltd., Mitsubishi Electrical Corp., RCA Corp., Sansui Electric Co. Ltd., Sharp Corp. and Videocon Industries Ltd..
The market is being driven by the launch of new product lines and challenged by a decrease in average selling prices. The latest market trend is Ultra HDTV technology. The report also looks at the strengths, weaknesses, opportunities and threats that the key vendors face.
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