24-Oct-2018 | Zion Market Research
With the presence of a large pool of participants, the global consumer electronics market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). GoPro, Nikon, Canon, Haier, AB Electrolux, Sennheiser, Sony Corporation, LG Electronics, Huawei, General Electric, Apple, and Samsung Electronics are some of the key vendors of consumer electronics across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the consumer electronics market study.
This review is based on a report by Zion Market Research, titled “Consumer Electronics Market by Product (Smartphone, Television, DVD players, Refrigerators, Washing machines, Digital cameras, and Hard disk drives) and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024.”- Report at https://www.zionmarketresearch.com/report/consumer-electronics-market
Citing an instance, on October 8, 2018, HyperX—the gaming segment of Kingston Technology Company Incorporation—declared launching of HyperX Cloud MIX, a first Bluetooth®, driven gaming headset developed for gamers on-the-go. Reportedly, the new Cloud MIX is designed for activities such as gaming, voice chat, music, and cord-free entertainment.
As estimated in this report, the global consumer electronics market stood at US$ 1,172 billion in 2017. Witnessing a tremendous rise during the period from 2018 to 2024, the revenue in this market is expected to reach US$ 1,787 billion by the end of the forecast period. The main products available in this consumer electronics market are Smartphone, Televisions, DVD players, Refrigerators, Washing machines, Digital cameras, and Hard disk drives. Among them, the demand for televisions is relatively higher and the trend is anticipated to remain so over the next few years, notes the consumer electronics market research report.
Massive Smartphone Demand To Augment Consumer Electronics Market Revenue
“Growing popularity of smartphones along with launching of new technologies such as 3G and 4G is expected to drive the momentum of growth for consumer electronics market across the globe,” says the author of this study. Apart from this, lucrative demand for consumer electronic items in countries such as China and India will further create ripples of growth for consumer electronics market in the near future. In addition, flourishing ecommerce, direct selling, and supply chain activities are projected to enhance the product sales, thereby further leveraging the progression of consumer electronics market in the ensuing years.
Flourishing Ecommerce Sector To Help Europe Maintain Regional Dominance
Regionally, Europe has been leading the worldwide consumer electronics market and is anticipated to continue on the dominant position in the years to come, states the consumer electronics market study. Rise in the number of ecommerce & trading activities in small countries and greater dependence on tech-based products for day-today activities & operations are the key factors behind the dominance of the Europe consumer electronics market. The large number of market players being headquartered in Europe is another significant factor that is supporting this regional consumer electronics market.
The global consumer electronics market is segmented as follows:
By Product
By Region
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed