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Consumer Electronics Market: Breakthroughs That Will Shape the Future

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Global Consumer Electronics Industry

The consumer electronics industry is part of the large sector of consumer goods. In the world consumer electronics market, the 3D TV will be the fastest-growing segment, with TV makers adding a 3D feature to their high-definition flat screen products more systematically.

Consumer Electronics Key Market Categories

The global consumer electronics industry involves the manufacture, distribution and sale of communications and entertainment devices such as computer hardware, smartphones, stereos MP3 players, DVDs, VCRs, calculators, home appliance and televisions or navigation systems. A great deal of manufacturing takes place in regions where labor costs are relatively low such as Asia. Company profiles are varied, ranging from large multinational firms employing more than 100,000 workers to small firms producing one product, with less than 50 employees. A major challenge faced by consumer electronics manufacturers of all sizes is securing copyright to products.

The global home audio equipment market is fuelled by technological advances, innovative products and demand for top-quality new generation audio technologies. Market expansion is particularly rapid in Asia-Pacific, the Middle East and Latin America due to rising disposable income and a huge degree of urbanization.

In the world TV and video market, TV represents the largest market share at almost 86% of the overall market. Asia-Pacific holds over 35% of the market in terms of value.

Flat panel display (FPD) demand is predicted to rebound from its recession. Greater purchasing power, recovering employment rates, rising disposable incomes and increasing FPD functions will continue to drive demand.

In the world games software market, console games represent almost 90% of the overall market and in regional market terms, the Americas represent 43% of the overall market. Consolidation is a major factor in the industry, allowing games software sellers to snap up greater market share. Leading products include Xbox One and PlayStation 4

In the global home entertainment software market, console software leads the market. Digital entertainment content demand is fuelled by a shift to online and mobile platforms, with homeowners watching TV and videos on-demand, play games and store music and movie collections with access from within the home and outside.

The sector also includes the computer equipment market, made of the computer peripheral and network equipment sub-sectors.

Consumer Electronics Regional Market Share

The US is the leading market region in the world consumer electronics industry, followed by China, reports RNCOS. 

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Consumer Electronics in Romania

Consumer Electronics in Romania

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Increasing disposable incomes and the constant diversification of retailers’ product portfolios resulted in another year of retail volume growth in consumer electronics. In 2018, Romanians continued ...

Consumer Electronics in Morocco

Consumer Electronics in Morocco

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After the recorded jump in sales in 2017, consumer electronics continued to perform well in Morocco in 2018. The year’s growth rate was mainly driven by the rising attractiveness of televisions and mobile ...

Consumer Electronics in Argentina

Consumer Electronics in Argentina

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The economic activity of Argentina witnessed its second consecutive year of positive growth. However, inflation ended above 20% in 2018, although the central bank had established an inflation target of ...

Consumer Electronics in Egypt

Consumer Electronics in Egypt

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The Egyptian economy is witnessing a little recovery from the shock of the devaluation of the Egyptian pound in 2018. Consumers are more psychologically adapted to the new expensive prices, yet more cautious ...

Consumer Electronics in Portugal

Consumer Electronics in Portugal

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After years of economic decline and fewer purchases, a more-positive economic context, a decline in unemployment and continuous growth in consumer confidence resulted in a positive performance from consume ...

Consumer Electronics in Ukraine

Consumer Electronics in Ukraine

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A slight increase in consumer purchasing power boosted consumer electronics volume sales in 2018. On the one hand, consumers made purchases that they had postponed over the review period, especially within ...

Consumer Electronics in Greece

Consumer Electronics in Greece

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Sales of consumer electronics remained under pressure during 2018, as ongoing financial hardship forced Greek consumers to remain budget-conscious. The FIFA World Cup provided a boost to televisions, while ...

Consumer Electronics in Chile

Consumer Electronics in Chile

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Consumer electronics in Chile showed a decline in retail volume terms in 2018. In the last few years, Argentineans helped to maintain high sales, but their presence in this market is now much lower than ...

Consumer Electronics in Thailand

Consumer Electronics in Thailand

  • $ 2423
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People are living in an advanced technology society, the digitalisation period, and greatly relying on the internet. Thailand is among the countries that spend the longest time on the internet each day. ...

Consumer Electronics in Malaysia

Consumer Electronics in Malaysia

  • $ 2423
  • Industry report
  • August 2018

Retail volume sales of consumer electronics stagnated in 2018, due to the presence of substitutes for key products such as in-car entertainment, home audio and cinema and imaging devices, in which growth ...

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Parent industry: Consumer Goods
Related industries: Clothing and Textile, Personal Care, Office Supply, Home Goods, Luxury Goods, Toy and Game, Sporting Goods, Musical Instrument, Marijuana

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