According to Stratistics MRC, the Global Consumer Electronics market is estimated at $1,165.76 billion in 2015 and is expected to reach $1,692.30 billion by 2022 growing at a CAGR of 5.5% from 2015 to 2022. Improving standard of living and increase in disposable incomes are the factors fueling the market growth. Technological convergence is hampering the consumer electronics market. Hand held devices segment which consist of devices like mobile phones and portable play stations accounted the largest market share. Audio/Video segment is expected to grow at highest CAGR during forecast period.
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North America accounted for largest share in consumer electronics market owing to technical advancements and Asia Pacific is expected to grow at a highest CAGR during forecast period with India and China as the prominent countries for the market growth.
Some of the key players in the market include Hewlett-Packard Company, Sony Corporation, Canon, Inc., Panasonic Corporation, Koninklijke Philips N.V., Samsung Electronics Co. Ltd., BlackBerry, Dell, Inc., Nikon Corporation, Apple, Inc., LG Corporation, Lenovo, Micromax Mobile, Motorola, Toshiba, Asus and ZTE.
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Product Types Covered:
Personal Care Products
Cameras and Camcorders
Rest of Europe
Rest of Asia Pacific
Rest of the World
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