Consumer Electronics Market Trends Growth Forecast Research 2017-2024

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Consumer Electronics Market Growth 2018
Industry Research Report by 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Consumer Electronics Market

• Asia Pacific is touted to be one of the largest
  markets for consumer electronics, driven by the
  extensive changes in macroeconomics, such as the
  expanding middle class population, rising
  disposable incomes, changing demographic
  patterns, and rapid urbanization trends.
• The substantial surge in household incomes has
  had a direct relationship with the spending on
  electronics items, in turn stimulating the sales
  of consumer electronics products including the
  likes of tablets, smartphones, home appliances,
  and other wearable electronics. As per reliable
  statistics, by 2020, Asia Pacific is expected to
  witness 903 million TV households, an upsurge of
  100 million than that recorded in 2014.
• Companies are now focusing on constant
  productivity improvements in several product
  costs as well as structural costs owing to the
  competitive cost structures. Manufacturers are
  also relying on collaborations and acquisitions
  to gain a larger industry share.

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Continued

• It has been further anticipated that the TV
  households will have an average of 1.21 TV sets
  per home, significantly leading to more than 1.3
  billion sets across the Asia Pacific belt by
  2020. It is also prudent to mention that India
  accounted for a household refrigerator washing
  machine user rate of 31 and 10 respectively in
  2013. China is another major region standing as a
  major contributor toward global consumer
  electronics industry share. Chinas urbanization
  drive and rising focus on living a high-quality
  life have been the prominent factors fueling
  regional consumer electronics market trends.
• A data bearing testimony to the aforesaid fact
  Chinas household electric appliances sales
  reached 1,284 billion yuan in 2013, up from about
  715 billion yuan in 2009. Yet another factor to
  have propelled China consumer electronics
  industry space is the region being host to
  renowned industry players including the likes of
  Midea group and Gree Electric, which are regarded
  as two of the top pioneers in consumer
  electronics industry space.

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Global Audio Video Equipment Market, By Region,
2016 2024 (Million Units)

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Continued

• Automation and digitization trends have been a
  game changer for practically every business
  sector, consumer electronics industry bagging the
  top position in the transformation queue. In
  fact, it wouldnt be wrong to mention that with
  these hi-tech features, the product spectrum of
  consumer electronics market has revolutionized.
• The industry, over the recent years, has seen a
  slew of new product launches that runs a gamut
  from hard-drive equipped TVs to networked home
  appliances including next-generation
  refrigerators and washing machines, credits the
  increasing technology appetite along with the
  smart trends that have indeed led to a paradigm
  shift in the consumer behavioral pattern,
  impacting the consumer electronics industry
  dynamics. Not to mention, with anticipation of
  smart notion chiefly characterizing this
  business fraternity, the consumer electronics
  industry players are overt to witness a plethora
  of opportunities in the coming years. The global
  consumer electronics market, as per industry
  analysts, stood at USD 1100 billion in 2016.

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Industry Coverage

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Continued

• Speaking of the competitive trends in consumer
  electronics market space, the industry is
  dynamically charged with participation of
  globally preeminent magnates such as Apple Inc.,
  Samsung Electronics, Sony Corporation, Nikon,
  Bose, GoPro, and Sennheiser. Amidst a backdrop
  where technological advancements are being
  referred to as the top most success quotient
  underlining the sales of these products, these
  players are vigorously expanding their product
  pallets in sync with the latest smart trends.
• The industry is further anticipated to witness an
  interesting change of events with the integration
  of AI and IOT in the product spectrum. What
  remains to be seen is how these smart
  interventions would mold the competitive
  hierarchy of consumer electronics market in the
  coming years. All in all, in terms of
  remuneration, global consumer electronics market
  is estimated to surpass USD 1500 billion by 2024.

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Market research reports Key analytical components

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Market Insight Coverage

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Table of Contents (ToC)

• Chapter 1. Methodology Scope
• 1.1. Methodology
• 1.1.1. Initial data exploration
• 1.1.2. Statistical model and forecast
• 1.1.3. Industry insights and validation
• 1.1.4. Scope, definition, and research parameters
• 1.2. Data Sources
• 1.2.1. Primary
• 1.2.2. Secondary
• Chapter 2. Executive Summary
• 2.1. Consumer electronics industry 360º
  synopsis, 2013 - 2024
• 2.1.1. Business trends
• 2.1.2. Regional trends
• 2.1.3. Product trends
• 2.1.4. Application trends

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Continued

• Chapter 3. Industry Insights
• 3.1. Industry segmentation
• 3.2. Industry landscape, 2013 - 2024
• 3.3. Industry ecosystem analysis
• 3.3.1. Distribution channel analysis
• 3.3.1.1. Direct selling
• 3.3.1.2. Independent authorized distributors
  and resellers
• 3.3.1.3. Online channel
• 3.3.2. Vendor matrix
• 3.4. Technological and innovation landscape
• 3.4.1. Household equipment
• 3.4.1.1. NFC technology
• 3.4.2. Advanced compressor technologies
• 3.4.3. Connected appliances
• 3.4.4. Audio and video equipment
• 3.4.4.1. Advanced battery technology in
  smartphones
• 3.4.4.2. Wireless charging

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Continued

• 3.5. Regulatory landscape
• 3.5.1. U.S.
• 3.5.1.1. Consumer Product Safety Act
• 3.5.1.2. Federal Hazardous Substances Act
  (FHSA)
• 3.5.2. EU
• 3.5.2.1. EMC Directive
• 3.5.2.2. Eco-design Directive
• 3.5.2.3. EU 517/2014
• 3.5.3. China
• 3.5.3.1. Electricity act of 1994
• 3.5.3.2. Waste Electrical and Electronic
  Equipment Directive (2002/96/EC)
• 3.5.4. Russia
• 3.5.4.1. The Federal Law 'On Personal Data'
  No. 152-FZ
• 3.5.4.2. Information Protection Act No. 149
• 3.5.4.3. Regulation No. 781
• 3.5.4.4. Rules of sale of goods by remote
  method, No. 612
• 3.5.4.5. Protection of rights of consumers,
  No. 2300-1
• 3.6. Industry impact forces

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Continued

• 3.6.1. Growth drivers
• 3.6.1.1. Audio and video equipment
• 3.6.1.1.1. Technological advancements in
  earphones headphones market
• 3.6.1.1.2. Increasing demand for larger size
  TVs with advanced technologies
• 3.6.1.1.3. Rising purchasing power
• 3.6.1.1.4. Growing demand for smartphones
• 3.6.1.2. Household appliances/equipment
• 3.6.1.2.1. Energy efficiency measures in North
  America
• 3.6.1.2.2. Replacement of obsolete products
  and government initiatives in Europe
• 3.6.1.2.3. Need for modernized appliances in
  Asia Pacific
• 3.6.2. Industry pitfalls and challenges
• 3.6.2.1. High unemployment rates hamper
  household appliances growth across several
  countries
• 3.6.2.2. Unorganized sector is challenging
  consumer electronics market
• 3.6.2.3. Decreasing demand for digital cameras
• 3.6.2.4. Declining demand for laptops

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Continued

• 3.7. Growth potential analysis
• 3.8. Porters analysis
• 3.9. Company market share analysis, 2016
• 3.9.1. Smartphones
• 3.9.2. Laptop
• 3.9.3. TV
• 3.9.4. Speaker
• 3.9.5. Earphones headphones
• 3.9.6. Household electronics
• 3.9.7. Digital camera
• 3.9.8. Digital camcorder
• 3.9.9. Strategy dashboard (new product
  development, MA, RD)
• 3.10. PESTEL analysis
• Browse Full TOC of This Report _at_
  https//www.gminsights.com/toc/detail/consumer-ele
  ctronics-market

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