Consumer Electronics

Consumer electronics market was valued at over US$ 1.7 trillion in 2016, is expected to cross 3.8 trillion by 2024. Product categories under the industry include smartphones, tablets, computers, televisions, game consoles, digital cameras, automotive technologies, wearable technologies, 3D printers, and other home products

Increasing urbanization has led to increase in average income per individual of middle class population across the globe. As per stats provided in the Global Economy & Development Working Paper by Brookings Institution in February 2017, global middle class population was pegged at over 3 billion in 2015 and is projected to surpass 5 billion by 2030. This has led to substantial increase in discretionary income and large potential consumer base, resulting in increased spending on automated home products and electronics. Growing multi-channel retailing has provided easy access to the major international and domestic brands for consumers worldwide. These factors will prominently fuel the consumer electronics market growth.

Advent of IoT and next generation connectivity technologies such as 3G, 4G, 4G LTE and 5G creates a conducive environment for proliferation of smart connected devices. Plummeting costs of bandwidth and sensors further supports growth of smart devices and in turn provides impetus to the overall consumer electronics industry. According to Golman Sachs, as of 2014, cost of bandwidth decreased 40X, while that of sensors decreased 50% over the last decade.  Increasing purchasing power and rampant decline in prices of consumer electronic devices places the consumer electronics industry on high-growth trajectory.

Smartphones

Smartphones accounted for around half of the consumer electronic product sales revenue. An estimated 2.1 billion smartphone users were reported worldwide in 2016. However, growth of the segment is expected to be largely stagnant due to maturing of the smartphones industry. The recent past has witnessed the emergence of various cost-effective smartphones from various new brands, offering good processing power and security features. This has resulted in a paradigm shift in the industry, with consumers from extreme ends of the spectrum, namely feature phone users and high-end smartphone users increasingly inclined towards such cost-effective smartphones. China holds the mantle of being the largest market for smartphones, while India is projected to be the fastest growing market, with growth pegged at 5X that of the market leader. Apple and Samsung are two of the largest smartphone manufacturers.

Increasing functionality of the smartphones has led to significant surge in power demands for these consumer electronics. Conventional batteries have proved insufficient in terms of space and power backup, leading to major reason for consumer dissatisfaction. Innovative methodologies to solve these problems are surfacing, that include concepts like wireless charging, li-imide batteries, Quick Charge 2.0 (by Qualcomm), super capacitors, battery packs (Trontium Reactor can charge an iPhone 50 times), and ultra-fast charging (such as StoreDot). Major of these technologies are still in their nascent stages, but players are likely to increasingly invest for improving the operation time of their devices. For instance, in February 2016, Intelligent Energy partnered with an emerging smartphone manufacturing, to develop an embedded hydrogen fuel cell for smartphones that can power the smartphones for a week. This joint development agreement (JDA) was valued around US$ 7.5 million.

Personal consumer applications

TFT LCD, IPS-LCD, resistive touchscreen LCD, capacitive touchscreen LCD, OLED, AMOLED, and Super AMOLED are the common types of smartphone displays. 720p, 1080p, 2K and 4K Ultra HD are few of the standard resolutions offered by these mobile display technologies. AMOLED are gaining substantial popularity in high end phones owing to better color reproduction, low power consumption, better battery life, higher brightness, lightweight designs and display sharpness. Super AMOLED, developed by Samsung, is integrated with touch sensors on the screen itself, making it the leanest display technology in the industry. Increased damage resistance, economical availability and better user experience are the factors that may influence the smartphone sales over the next few years.

Television sales were over US$ 116 billion in 2016, is anticipated witness decline to around 11% in 2017. This is owing to the declining consumer inclinations towards televisions due to proliferation of content streaming and video on-demand services such as Netflix. Burgeoning growth of ease of access to contents from internet sources and better user experiences through means such as mobile, laptops, tablets, etc. Inadvertently, quality video content accessibility through television service providers have gained considerable demands. HD, 4K and HDR options have witnessed increased adoption rates surpassing double digit growth rates year on year. 4K TV sales were almost over US$ 43 billion, with 6.8% by value comprising of HDR counterparts. Europe witnessed notable adoption of HDR TVs in relative to other regions.

High initial costs of the products offering smart and high resolution TVs are expected to hinder the large scale adoption over the coming years. Moreover, low cost alternatives available in the form of LCD TVs will continue to dominate the industry in terms of volumes. Along with high end products, economical alternatives are projected to be part of the product offerings to maintain their foothold in the price sensitive regional segments.

Electronic paper (or e-paper) and foldable displays are expected to gain significant momentum over the next few years. e-Paper is display technology that imitates the appearance of ink on paper. Additionally, these displays can show image in absence of light and are featured to consume little or no power in displaying still image. This property has made it preferable for devices such as e-readers and other forms of promotional devices. Next generation trend is expected to witness large scale adoption of foldable displays. Wearable technologies find considerable potential in medical purposes, recreational activity tracking and infotainment. The segment portfolio includes fitness trackers, smart watches, and headphones. In consumer electronics, wearable technologies are expected to present the highest growth trend over the near future. However, the wearables segment would account for relatively small share of the market.

 

White Goods

All kinds of domestic appliances such as refrigerators, washing machines, air conditioners, microwave, induction cooktops, food processors, dishwashers and dryers are included under the white goods. These will present considerable growth opportunity in the coming years owing to the advent of smart connectivity integration into these technologies. Increased energy efficiency offered by the next generation products and improving living standards will add on to the featured market growth prospects.

Smart thermostats, connected security cameras, and VR/AR headsets are some other industry segments that will present potential growth opportunity over the forecast timeframe. However, consumer electronics market size is expecting substantial decline in the overall revenues owing to maturing smartphones market and their considerably large contribution to the segment.

Industry Overview

Chief contributors to the industry include Samsung Electronics, LG Electronics, Apple, Hitachi, Koninklijke Philips, Sony Corporation, HP Inc., Toshiba Corp., and Panasonic among a few others. Industry presence can be largely attributed to established brands across the international industry scope along with few regional brands holding significant industry shares.

Consumer electronic market is prominently characterized by innovation and development to increase their product appeal. Providing attractive product designs, along with extra feature additions to the provide value for money to the consumers, are expected to be part of their key strategies to strengthen their industry presence. Strategic alliances to enhance the portfolio/ regional presence and M&A will also define the global competitive scenario. Moreover, government bodies of several major economies are focusing on digitization, will also provide considerable opportunities for the industry participants in smartphones and other portable devices market. Singapore, Finland, Sweden, Norway, and U.S. are among the major economies harnessing digitization, are projected to be a part of every emerging economy across the globe.

Coherent Market Insights
Global Hair Removal Devices Market, by Product Type (Energy-Based Devices, Laser-Based Devices, and Intense Pulse Light (IPL) Devices), by End User (Dermatology Clinics and Beauty Clinics) and by Geography - Trends and Forecast to 2025

Published Date : Jan 2018

Global Hair Removal Devices Market - Insights Businesses catering the equipment requirement of the commercial beauty clinics and dermatology clinics for hair removal devices and treatments have gained signifi

Coherent Market Insights
Global Online Hyperlocal Services Market Report, by End Use (Individual Users and Commercial Users), by Service (Food Ordering, Grocery Ordering, Home Utility Service, Logistic Service Providers, and Others) and by Geography - Trends and Forecast to 2025

Published Date : Jan 2018

Global Online Hyperlocal Services Market - Insights Online hyperlocal services refer to online business models that cater to consumers in specifically defined geographic locations that are under the reach of

Coherent Market Insights
Cloud API Market, By Organization Size (Small and Medium Enterprises and Large Enterprises), By End Users (BFSI, Healthcare, Hospitality, IT and Telecommunication, Media and Entertainment, Retail and Others) and by Geography -Global Forecast to 2025

Published Date : Jan 2018

Global Cloud API Market- Insights Cloud Application Programming Interface is a type of API that permits for the development of services and applications used for the provisioning of cloud platforms, software

Coherent Market Insights
Virtual Reality Content Creation Market, by Content Type (Videos, 360 Degree Photos and Games), by Component (Software and Services), by End Users (Gaming and Entertainment, Engineering, Healthcare, Real state, Retail, Military and Education) and Geography - Global Trends, and Forecast to 2025

Published Date : Dec 2017

Global Virtual Reality Content Creation Market - Insights Virtual reality creates a digital environment to provide real lifelike experience to the user. Rampant growth of the gaming sector is a major factor f

Coherent Market Insights
Global Refrigerated Road Transport Market, by Transportation Modes (Light Commercial Vehicles (LCV), Medium & Heavy Commercial Vehicles (MHCV), and Heavy Commercial Vehicles (HCV), by Cooling Type (Chilled and Frozen), by Technology (Cryogenic Systems and Vapor Compression Systems), and by Geography - Trends, and Forecast to 2025

Published Date : Dec 2017

Global Refrigerated Road Transport Market - Insights Global refrigerated road transport market was valued at US$ 12.81 billion in 2016, is projected to exhibit a CAGR of 6.11% over the forecast period (2017&n

Coherent Market Insights
Electrochromic Glass Market, by Application (Windows, Mirrors, Displays, and Others), by End Use (Commercial, Residential, Transportation, and Others), and by Region - Global Trends, and Forecast till 2025

Published Date : Dec 2017

Global Electrochromic Glass Market - Insights Electrochromic glass, also known as electronically switchable glass, has various applications such as partitions, windows, skylights, mirrors, and displays. It en

Coherent Market Insights
Virtual and Augmented Reality Market by Component (Software and Hardware [Head Mounted Device, Input Systems]), by Application (Videogames, Engineering, Healthcare, Live Events, Video Entertainment, Real State, Retail, Military, and Training & Education), and Geography - Global Trends, and Forecast to 2025

Published Date : Dec 2017

Global Augmented Reality/ Virtual reality Market - Insights Augmented reality is the integration of digital and real environment in real time, whereas virtual reality creates a digital environment to provide

Coherent Market Insights
Mine Clearance System Market Report, by System Type (Flails, Tillers, combined flail and tiller system), by Mode Of Operation (Manual, Remote Controlled) and by Region - Global Trends and Forecast till 2025

Published Date : Dec 2017

Global Mine Clearance System Market - Insights Antipersonnel and anti-vehicle mines such as improvised explosive devices (IEDs) are designed to explode when in the proximity, presence or contact of person or

Coherent Market Insights
Cryptocurrency Mining Market, by Mining Enterprises, (Large Miners, Small Miners), by Revenue Source (Block Rewards, Transaction Fees), By Mining Type (Self-mining, Cloud Mining, and Remote Hosting Services), and by Geography - Global Trends and Forecast till 2025

Published Date : Dec 2017

Global Cryptocurrency Mining Market - Insights Cryptocurrency mining is a computationally intensive process, which requires network of several computers for verification of the transaction record, known as th

Coherent Market Insights
Microhydro-Electric Systems Market, By Component (Intake, Penstock, Turbine, Dump load, Battery bank, Main DC disconnect, Inverter, AC breaker panel, Others), By (Less than 30 kW, 20 kW to 50 kW, 50kW to 100 kW), and By Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

To Be Published : Jan 2018

Microhydro-electric systems are referred to units or plants, which are installed with the power generation capability of less than or equal to 100 kW. The installation of plant mainly include the units that are deployed on streams, water pipeline systems, and irrigati

Coherent Market Insights
Machine to Machine (M2M) Connections Market, by Technology (Wireless Technology and Wired Technology), by End User Industry (Healthcare, Automotive & Transportation, Consumer Electronics, Utilities, Retail, Security & Surveillance, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017 – 2025

To Be Published : Jan 2018

Machine-to-machine (M2M) technology refers to any technology that enables direct communication between network devices with the help of wired and wireless communication channel by exchanging information, interpreting data, and making decisions individually without hum

Coherent Market Insights
Tuned Passive Harmonic Filters Market, By Filter Types (Single Tuned Filter, High Pass Filters, Double Tuned Filters, Double Tuned High Pass Filters, Triple Tuned Filters, Continuously Tuned Filters, and Commercial), By Verticals (Industrial, Commercial, Residential, Government), and By Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

To Be Published : Jan 2018

Passive harmonic mitigation systems or devices are used for power factor correction and have several advantages such as low power losses, better system performances, and better power efficiency, in addition to low cost over active filters. However, owing to these afor

Coherent Market Insights
Self-Healing Grid Market, By Component (Hardware and Software) and By Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

To Be Published : Jan 2018

Self-healing grids are a part of the overall electrical power distribution that comprises of sensors, automated switchgears and controls, and advanced software. These systems are also known as smart grids, as it utilizes real-time information from the distribution net

Coherent Market Insights
Airborne Surveillance Market, by Type (LiDAR, Radar, and Imaging System), by Product Type (Manned system and Unmanned system), by Application (Military, Defense, and Security and Commercial), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017 – 2025

To Be Published : Jan 2018

Airborne surveillance system aims to provide early airborne unusual activities warning. It consists of antenna, airborne data processor, and integrated navigation system, which are featured to provide high accuracy navigation system. These are responsible for tracking

Coherent Market Insights
Outboard Engines Market, by Product Type (Two Stroke Engine and Four Stroke Engine), by Engine Type (Low power (>50 HP), Mid power (50 HP-150 HP), and High power (<150 HP)), by Fuel Type (Gasoline Engine and Diesel Engine), by Boat Type (Fishing, Recreational, and Special purpose), and by Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : Jan 2018

An outboard engine is a system used in boats. It comprises of self-contained components including gearbox and jet drive. These outboard engines are essential motorized method to drive small watercraft. It autonomously controls steering of the boat, in turn controlling

Coherent Market Insights
Remote Vehicle Diagnostics Market, by Vehicle Type (Light-Duty Vehicle and Commercial Vehicle), by Connectivity (4G LTE, 3G, Bluetooth, and Wi-Fi), by Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert, and Roadside Assistance), and by Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : Jan 2018

Remote vehicle diagnostics solution is responsible for monitoring status of a vehicle regarding detection of any problem occurred during operation and identifying real time vehicle parameters to enhance its performance. This solution can be utilized to monitor perform

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

Coherent Market Insights Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.