Consumer Electronics

The consumer electronics market was valued at over US$ 1.7 trillion in 2016 and is expected to cross 3.8 trillion by 2024. Products categorized as consumer electronics are smartphones, tablets, computers, televisions, game consoles, digital cameras, automotive technologies, wearable technologies, 3D printers, and other home products.

Urbanization has led to an increase in the average income of the middle class population across the globe. As per stats provided by the Global Economy & Development Working Paper by Brookings Institution in February 2017, global middle class population was 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 are predicted to fuel the growth of the consumer electronics market.

Advent of IoT and next generation connectivity technologies such as 3G, 4G, 4G LTE, and 5G are creating a conducive environment for proliferation of smart connected devices. Plummeting costs of bandwidth and sensors is expected to support growth of smart devices and provide impetus to the overall consumer electronics industry. According to Golman Sachs, as of 2014, the cost of bandwidth and sensors has decreased considerably over the last decade. Increasing purchasing power and rampant decline in prices of consumer electronic devices has placed the consumer electronics industry on a high-growth trajectory.


Smartphones account 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, inclining towards cost-effective smartphones. China is the largest market for smartphones, while India is projected to be the fastest growing market. 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 in 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 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 making it the leanest display technology in the industry. Increased damage resistance, economical availability and better user experience are the factors that are likely to influence sales of smartphones over the next few years.

Television sales were over US$ 116 billion in 2016 however they declined in 2017 owing to proliferation of content streaming on mobile devices and video on-demand services such as Netflix. Ease of access to content and better user experience through mobile, laptops, tablets, etc. is projected to favor the market growth. High initial cost of smart and high resolution TVs is expected to hamper consumer demand over the coming years. However, demand for low cost alternatives such as LCD TVs is projected to continue.

Technological innovations such as electronic paper (or e-paper) and foldable displays are expected to gain significant momentum over the next few years. E-Paper is a 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 by displaying a still image. Such technological advancements are expected to drive the adoption of foldable displays. Wearable technologies find considerable potential in the healthcare sector for recreational activity tracking and infotainment through products such as fitness trackers, smart watches, and headphones. In consumer electronics, wearable technologies are expected to present the highest growth trend over the near future.

White Goods

All kinds of domestic appliances such as refrigerators, washing machines, air conditioners, microwave, induction cooktops, food processors, dishwashers and dryers are included in white goods. The advent of smart connectivity integration into these appliances is expected to facilitate growth of this segment. Increased energy efficiency offered by the next generation products and improving living standards are predicted to positively impact the market growth.

Smart thermostats, connected security cameras, and VR/AR headsets are other industry segments that will present potential growth opportunity over the forecast period. However, the consumer electronics market size is expected to decline substantially owing to the maturing smartphones market.

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 others. Industry presence can be largely attributed to established brands across the international industry along with few regional brands holding significant industry share.

Players operating in the consumer electronics market are focused on product innovation and development to increase their product appeal. Furthermore, strategic collaborations and partnerships among market players to enhance their market presence is also expected to favor the market growth. Moreover, governments in several major economies are focusing on digitization which is predicted to create growth opportunities for the manufacturers of smartphones and other portable devices. Singapore, Finland, Sweden, Norway, and U.S. are among the major economies harnessing digitization.

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Consumer Electronics Published Insights

Coherent Market Insights Smartphone Aftermarket

Published Date : Nov 2023

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Coherent Market Insights Heated Slippers Market

Published Date : Nov 2023

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Coherent Market Insights Computer Keyboards Market

Published Date : Jul 2023

The global Computer keyboards market size was valued at US$ 5.08 Bn in 2023 and is anticipated to witness a compound annual growth rate (CAGR) of 3.9% from 2022 to 2030. A computer ... View more

Coherent Market Insights Architectural Led Products Market

Published Date : Jul 2023

The global architectural LED products market accounted for US$ 10.6 Bn in 2023 and in 2030 the market is estimated to grow by US$ 23.6 Bn with a CAGR of 12.1% during the forecast year from 2023-2030. The global architectural ... View more

Coherent Market Insights Smart Umbrella Market

Published Date : Nov 2023

Smart umbrella is an umbrella which has built-in sensors that collects pressure, temperature, humidity, and light data in real-time. The smart umbrella predicts the weather forecast such as raining or it is going to rain. Moreover, it gives warning to the user about w... View more

Coherent Market Insights Set Top Box Chipset Market

Published Date : Jun 2023

Global set top box (STB) chipset market is estimated to be valued at US$ 5,513.6 Mn by 2030. A set-top box (STB) is a hardware device that receives a digital signal, decodes it, and presents it on a television screen. This process ... View more

Coherent Market Insights Portable Charger Market

Published Date : Nov 2023

Portable charger is a reusable battery that can be reused by charging it. This portable charger provides power supply for various devices such as digital camera, mobile phone, laptop and others. The size of portable charger is small, hence it is easy to carry. Portabl... View more

Coherent Market Insights Solar Bench Market

Published Date : Nov 2023

Due to the limitation of fossil fuels, there is rising demand for solar-powered products. Solar energy is used for various applications such as solar panels for lights, solar water heaters... View more

Coherent Market Insights Robot Suitcase Market

Published Date : Nov 2023

Robotic suitcase is a smart device, which follows the owner. Robotic suitcase are equipped with two or four wheels to follow their owner. Furthermore, robotic suitcase are equipped with other functionalities such as USB charging, Bluetooth, fingerprint locking and unl... View more

Coherent Market Insights Electronic Lab Notebook Market

Published Date : Jun 2023

The global electronic lab notebook market was estimated to account for US$ 408.0 Mn in 2022 and is expected to grow at a CAGR of 8.5% during the forecast period (2023-2030). An electronic lab notebook also referred to as an electronic laboratory notebook (ELN) is a ... View more

Coherent Market Insights Africa Led And Oled Displays And Lighting Products Market

Published Date : Dec 2019

Africa LED & OLED Displays and Lighting Products Market (2017-2027) Market Overview A light-emitting diode (LED) is a semi-conductor light source tha... View more

Coherent Market Insights Africa Mobile Phone Accessories Market

Published Date : Jul 2023

Africa mobile phone accessories market is estimated to be valued at US$ 4,623.3 Mn by 2030. Smartphones have gained significant traction worldwide in the recent past. They are increasingly replacing small handheld devices, such as ... View more

Coherent Market Insights Solar Air Conditioning Market

Published Date : Mar 2019

Global Solar Air Conditioning Market - Insights Solar air conditioning refers to air conditioning systems that consumes solar power to offer air conditioning effects. Using passive solar thermal energy, solar... View more

Coherent Market Insights Projector Screen Market

Published Date : Mar 2019

Global Projector Screen Market - Insights Projector screen is surface installed with a support structure used for displaying projected images or videos. Projector screens may be permanently installed as in mo... View more

Coherent Market Insights Crimped Wire Brushes Market

Published Date : Nov 2023

A crimped wire brush is a tool consisting of a brush whose bristles are made of wire of steel, brass or plastic. Wire brush is primarily an abrasive implement that is used to remove paint and clean rust. It is also used to clean surfaces and to create a better conduct... View more

Coherent Market Insights Precision Balances Market

Published Date : Nov 2023

Precision balances are also known as top loading balances. It is used to weigh quantities to a precise number, usually from milligram to kilogram. They are more precise than the average bench or compact scale, but not as precise as analytical balances. Also, precision... View more

Coherent Market Insights Marine Electronics Market

Published Date : Nov 2023

Marine electronics are specially designed electronic devices used in ships, yachts or boats, which have water proofing or water corrosion resistance properties that protect ships, boats or yachts from salty water, brackish water, and irregular waves. These devices com... View more

Coherent Market Insights Signal Generator Market

Published Date : Nov 2023

A signal generator is an electronic device, which generates signals that are used for testing, designing, and troubleshooting electronic device. Signal generator produces repeating or non-repeating signals in both, digital or analog formats. Signal generator can provi... View more

Coherent Market Insights Barcode Printer Market

Published Date : Jul 2022

A barcode printer is an electronic device that is typically used for printing barcode tags or labels, which can be attached to objects that are shipped. The barcode printer uses direct thermal or thermal transfer techniques to apply ink labels. Although direct thermal... View more

Coherent Market Insights Green Ups Market

Published Date : Nov 2023

Green UPS (Uninterrupted Power Supply) is an electrical device, which provides power supply to loads when power supply from the main station fails. It helps in conserving energy and reducing the carbon footprint. A single green UPS system can reduce carbon footprint b... View more

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