Global Personal Consumer Electronics Market 2024-2028
The personal consumer electronics market is forecasted to grow by USD 96.2 bn during 2023-2028, accelerating at a CAGR of 5.01% during the forecast period. The report on the personal consumer electronics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by frequent product launches of personal consumer electronics, adoption of energy-efficient personal consumer electronics, and growing investment in research and development activities.
Technavio's personal consumer electronics market is segmented as below:
- By Product Type
- Smartphones
- Tablets/laptops/notebooks
- Portable devices
- Digital camera
- Others
- By Distribution Channel
- Offline
- Online
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the rapidly growing e-commerce industry as one of the prime reasons driving the personal consumer electronics market growth during the next few years. Also, increased smart home adoption and strategic alliance and partnership among vendors will lead to sizable demand in the market.
The report on the personal consumer electronics market covers the following areas:
- Personal consumer electronics market sizing
- Personal consumer electronics market forecast
- Personal consumer electronics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading personal consumer electronics market vendors that include Apple Inc., Bajaj Electricals Ltd., Dell Technologies Inc., Electrolux group, Fujitsu Ltd., Havells India Ltd., Hisense International Co. Ltd., Hitachi Ltd., HP Inc., Huawei Technologies Co. Ltd., Koninklijke Philips N.V., Lenovo Group Ltd., LG Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Sony Group Corp., Toshiba Corp., Whirlpool Corp., and Xiaomi Inc. Also, the personal consumer electronics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.