Global Consumer Electronics Market Projected to Reach About Usd 1100 Billion by 2019

Global Consumer Electronics Market Projected
USD 1100 Billion by 2019

To Reach About

Date: 2016-09-19
Consumer electronics or home electronics are electronic or digital equipment intended for
everyday use, typically in private homes. Consumer electronics include devices used for
entertainment (flat screen TVs, DVD players, DVD movies, iPods, video games, remote
control cars, etc.), communications (telephones, cell phones, e-mail-capable laptops, etc.)
and home-office activities (e.g., desktop computers, printers, paper shredders, etc.).
It is estimated that the global consumer electronics market was valued at more than USD
1000 billion in 2014, and is projected to reach about USD 1100 billion by 2019, growing at a
CAGR of approximately 4.0 % from 2015 to 2019.
Consumer electronics products are evolving rapidly to meet the changing requirements of the
consumers. Increasing disposable income, decreasing prices of consumer electronic devices
and introduction of technological advanced devices are the primary factors driving growth of
the consumer electronics market globally. Introduction of connected devices and innovative
mobile technologies which enable it to interact with other devices is fuelling the adoption of
recent consumer electronic devices globally.
In terms of regions, Asia-Pacific accounts for the largest market share of the consumer
electronics followed by North America. China is the largest market of consumer electronics,
and has surpassed the United States to become the first of global.
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Report: http://www.gosreports.com/global-consumer-electronics-2015-market-research-re
port/
Joanna | Executive – International Business and partner Relations
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