Consumer
electronics (CE) are the electronic devices which are manufactured and used by the
end users or the consumers for daily, business and professional purposes. These
devices are used for the communications (telephones, e-mail-capable laptops and
cell phones) entertainment (DVD players, remote control cars and flat screen
TVs, video games) and home-office activities (desktop computers, paper
shredders and printers). The home appliances or consumer electronics are the
machines using electrical & mechanical machines used in the household
functions such as cooking, food preservation and cleaning. These offers
benefits such as improved lifestyle, secure & safe, easy to manage &
operate, convenient, decision making support, and increasing insight into the behavior.
According
to study, “Global Consumer Electronics
& Appliances Market Size study, by Product (Consumer Electronics, Consumer
Appliances), by Distribution Channel (Electronic & Specialty Retailers,
Hypermarkets, Online) and Regional Forecasts 2018-2025” some of the major companies
that are currently working in the global consumer electronics & appliances
market are Electrolux AB, LG Electronics Co. Ltd., Haier Electronics, Whirlpool
Corp., Samsung Electronics Co. Ltd., Robert Bosch.
Based
on the products, the global consumer electronics & appliances market is
segmented into consumer appliances and consumer electronics. Consumer home
appliances include microwaves, dishwashers, coffee machines, vacuum cleaners,
refrigerators, washing appliances and others. Consumer electronics includes
desktops, tablets, smart-phones, digital cameras, e-readers, laptops or
notebooks and hard disk drives or HDD. Based on the distribution channel,
market is segmented into hypermarkets, electronics & specialty retailers,
direct selling and online channel. Based on end-user, the market is breakdown
into offices & school, household and others.
The
global consumer electronics & appliances market is driven by increase in
the disposable income. Some of the other driving aspects include rise in the
urbanization of individuals, expansion of the middle class families, adoption
of IoT technology, increase in innovation & emergence of the advanced
technologies such as 3G & 4G smart-phones and increase in the internet
penetration activity. The continuous technological innovations has led to the e-waste
generation, lack of awareness from consumers (in terms of operability &
convenience offered), followed by the high product costs and stringent
government regulation are the factors that are impacting the growth of the
market.
Globally,
the Asia-Pacific region is the significant in terms of the market share as a
result of high purchasing power of consumer and enormous surge in the uptake of
devices such as tablets, smart-phones and laptops in the region. In the coming
years, it is anticipated that the global consumer electronics market to grow at
a significant pace due to the rising adoption of IoT technology.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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