Consumer Electronics Market – Porter’s and PESTEL Analysis 2017-2024 (2024)

Asia Pacific is touted to be one of the largest markets for consumer electronics, driven by the extensive changes in macroeconomics, such as the expanding middle class population, rising disposable incomes, changing demographic patterns, and rapid urbanization trends. The substantial surge in household incomes has had a direct relationship with the spending on electronics items, in turn stimulating the sales of consumer electronics products including the likes of tablets, smartphones, home appliances, and other wearable electronics. As per reliable statistics, by 2020, Asia Pacific is expected to witness 903 million TV households, an upsurge of 100 million than that recorded in 2014.

It has been further anticipated that the TV households will have an average of 1.21 TV sets per home, significantly leading to more than 1.3 billion sets across the Asia Pacific belt by 2020. It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. China is another major region standing as a major contributor toward global consumer electronics industry share. China’s urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. A data bearing testimony to the aforesaid fact – China’s household electric appliances sales reached 1,284 billion yuan in 2013, up from about 715 billion yuan in 2009. Yet another factor to have propelled China consumer electronics industry space is the region being host to renowned industry players including the likes of Midea group and Gree Electric, which are regarded as two of the top pioneers in consumer electronics industry space.

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Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. Manufacturers are also relying on collaborations and acquisitions to gain a larger industry share.

Automation and digitization trends have been a game changer for practically every business sector, consumer electronics industry bagging the top position in the transformation queue. In fact, it wouldn’t be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized.

The industry, over the recent years, has seen a slew of new product launches that runs a gamut from hard-drive equipped TVs to networked home appliances including next-generation refrigerators and washing machines, credits – the increasing technology appetite along with the ‘smart’ trends that have indeed led to a paradigm shift in the consumer behavioral pattern, impacting the consumer electronics industry dynamics. Not to mention, with anticipation of ‘smart’ notion chiefly characterizing this business fraternity, the consumer electronics industry players are overt to witness a plethora of opportunities in the coming years. The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016.

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Speaking of the competitive trends in consumer electronics market space, the industry is dynamically charged with participation of globally preeminent magnates such as Apple Inc., Samsung Electronics, Sony Corporation, Nikon, Bose, GoPro, and Sennheiser. Amidst a backdrop where technological advancements are being referred to as the top most success quotient underlining the sales of these products, these players are vigorously expanding their product pallets in sync with the latest smart trends.

The industry is further anticipated to witness an interesting change of events with the integration of AI and IOT in the product spectrum. What remains to be seen is how these ‘smart’ interventions would mold the competitive hierarchy of consumer electronics market in the coming years. All in all, in terms of remuneration, global consumer electronics market is estimated to surpass USD 1500 billion by 2024.

Browse key industry insights spread across 340 pages with 296 market data tables & 75 figures & charts from this 2018 report “Consumer Electronics Market Size By Product (Audio & Video Equipment [Personal, Professional], Major Household Appliance, Small Household Appliance, Digital Photo Equipment [Personal, Professional]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, Japan, South Korea, India, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Landscape & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/consumer-electronics-market

Table of Contents (ToC) –

Chapter 7. Company Profiles

7.1. AB Electrolux

7.1.1. Business Overview

7.1.2. Financial Data

7.1.3. Product Landscape

7.1.4. Strategic Outlook

7.1.5. SWOT Analysis

7.2. Acer, Inc.

7.2.1. Business Overview

7.2.2. Financial Data

7.2.3. Product Landscape

7.2.4. Strategic Outlook

7.2.5. SWOT Analysis

7.3. Apple Inc.

7.3.1. Business Overview

7.3.2. Financial Data

7.3.3. Product Landscape

7.3.4. Strategic Outlook

7.3.5. SWOT Analysis

7.4. Best Buy Co., Inc.

7.4.1. Business Overview

7.4.2. Financial Data

7.4.3. Product Landscape

7.4.4. Strategic Outlook

7.4.5. SWOT Analysis

7.5. Bose Corporation

7.5.1. Business Overview

7.5.2. Financial Data

7.5.3. Product Landscape

7.5.4. Strategic Outlook

7.5.5. SWOT Analysis

7.6. Canon, Inc.

7.6.1. Business Overview

7.6.2. Financial Data

7.6.3. Product Landscape

7.6.4. Strategic Outlook

7.6.5. SWOT Analysis

7.7. David Clark Inc.

7.7.1. Business Overview

7.7.2. Financial Data

7.7.3. Product Landscape

7.7.4. Strategic Outlook

7.7.5. SWOT Analysis

7.8. Dell Inc.

7.8.1. Business Overview

7.8.2. Financial Data

7.8.3. Product Landscape

7.8.4. Strategic Outlook

7.8.5. SWOT Analysis

7.9. Fujifilm Corporation

7.9.1. Business Overview

7.9.2. Financial Data

7.9.3. Product Landscape

7.9.4. Strategic Outlook

7.9.5. SWOT Analysis

7.10. Fujitsu

7.10.1. Business Overview

7.10.2. Financial Data

7.10.3. Product Landscape

7.10.4. Strategic Outlook

7.10.5. SWOT Analysis

7.11. General Electric

7.11.1. Business Overview

7.11.2. Financial Data

7.11.3. Product Landscape

7.11.4. Strategic Outlook

7.11.5. SWOT Analysis

7.12. Gionee Communication Equipment Co., Ltd.

7.12.1. Business Overview

7.12.2. Financial Data

7.12.3. Product Landscape

7.12.4. Strategic Outlook

7.12.5. SWOT Analysis

7.13. Google, Inc.

7.13.1. Business Overview

7.13.2. Financial Data

7.13.3. Product Landscape

7.13.4. Strategic Outlook

7.13.5. SWOT Analysis

7.14. GoPro, Inc.

7.14.1. Business Overview

7.14.2. Financial Data

7.14.3. Product Landscape

7.14.4. Strategic Outlook

7.14.5. SWOT Analysis

7.15. Haier Corporation

7.15.1. Business Overview

7.15.2. Financial Data

7.15.3. Product Landscape

7.15.4. Strategic Outlook

7.15.5. SWOT Analysis

7.16. Hisense Kelon Electrical Holdings Co., Ltd.

7.16.1. Business Overview

7.16.2. Financial Data

7.16.3. Product Landscape

7.16.4. Strategic Outlook

7.16.5. SWOT Analysis

7.17. Hitachi, Ltd.

7.17.1. Business Overview

7.17.2. Financial Data

7.17.3. Product Landscape

7.17.4. Strategic Outlook

7.17.5. SWOT Analysis

7.18. Hewlett-Packard Company

7.18.1. Business Overview

7.18.2. Financial Data

7.18.3. Product Landscape

7.18.4. Strategic Outlook

7.18.5. SWOT Analysis

7.19. Huawei Technologies Co., Ltd.

7.19.1. Business Overview

7.19.2. Financial Data

7.19.3. Product Landscape

7.19.4. Strategic Outlook

7.19.5. SWOT Analysis

7.20. iON Worldwide LLC

7.20.1. Business Overview

7.20.2. Financial Data

7.20.3. Product Landscape

7.20.4. Strategic Outlook

7.20.5. SWOT Analysis

7.21. JVCKenwood Corporation

7.21.1. Business Overview

7.21.2. Financial Data

7.21.3. Product Landscape

7.21.4. Strategic Outlook

7.21.5. SWOT Analysis

7.22. Koninklijke Philips N.V. (E & H)

7.22.1. Business Overview

7.22.2. Financial Data

7.22.3. Product Landscape

7.22.4. Strategic Outlook

7.22.5. SWOT Analysis

7.23. Lenovo Inc.

7.23.1. Business Overview

7.23.2. Financial Data

7.23.3. Product Landscape

7.23.4. Strategic Outlook

7.23.5. SWOT Analysis

7.24. Logitech International S.A.

7.24.1. Business Overview

7.24.2. Financial Data

7.24.3. Product Landscape

7.24.4. Strategic Outlook

7.24.5. SWOT Analysis

7.25. LG Corporation

7.25.1. Business Overview

7.25.2. Financial Data

7.25.3. Product Landscape

7.25.4. Strategic Outlook

7.25.5. SWOT Analysis

7.26. Meizu Telecom Equipment Co., Ltd.

7.26.1. Business Overview

7.26.2. Financial Data

7.26.3. Product Landscape

7.26.4. Strategic Outlook

7.26.5. SWOT Analysis

7.27. Microsoft Corporation

7.27.1. Business Overview

7.27.2. Financial Data

7.27.3. Product Landscape

7.27.4. Strategic Outlook

7.27.5. SWOT Analysis

7.28. Micro-Star International Co., Ltd.(MSI)

7.28.1. Business Overview

7.28.2. Financial Data

7.28.3. Product Landscape

7.28.4. Strategic Outlook

7.28.5. SWOT Analysis

7.29. Nikon Corporation

7.29.1. Business Overview

7.29.2. Financial Data

7.29.3. Product Landscape

7.29.4. Strategic Outlook

7.29.5. SWOT Analysis

7.30. Olympus Corporation

7.30.1. Business Overview

7.30.2. Financial Data

7.30.3. Product Landscape

7.30.4. Strategic Outlook

7.30.5. SWOT Analysis

7.31. Oneplus

7.31.1. Business Overview

7.31.2. Financial Data

7.31.3. Product Landscape

7.31.4. Strategic Outlook

7.31.5. SWOT Analysis

7.32. OPPO

7.32.1. Business Overview

7.32.2. Financial Data

7.32.3. Product Landscape

7.32.4. Strategic Outlook

7.32.5. SWOT Analysis

7.33. Panasonic Corporation

7.33.1. Business Overview

7.33.2. Financial Data

7.33.3. Product Landscape

7.33.4. Strategic Outlook

7.33.5. SWOT Analysis

7.34. Robert Bosch GmbH

7.34.1. Business Overview

7.34.2. Financial Data

7.34.3. Product Landscape

7.34.4. Strategic Outlook

7.34.5. SWOT Analysis

7.35. Samsung Electronics Co., Ltd.

7.35.1. Business Overview

7.35.2. Financial Data

7.35.3. Product Landscape

7.35.4. Strategic Outlook

7.35.5. SWOT Analysis

7.36. Sharp Corporation

7.36.1. Business Overview

7.36.2. Financial Data

7.36.3. Product Landscape

7.36.4. Strategic Outlook

7.36.5. SWOT Analysis

7.37. Sennheiser Electronic

7.37.1. Business Overview

7.37.2. Financial Data

7.37.3. Product Landscape

7.37.4. Strategic Outlook

7.37.5. SWOT Analysis

7.38. Sonos, Inc.

7.38.1. Business Overview

7.38.2. Financial Data

7.38.3. Product Landscape

7.38.4. Strategic Outlook

7.38.5. SWOT Analysis

7.39. Siemens AG

7.39.1. Business Overview

7.39.2. Financial Data

7.39.3. Product Landscape

7.39.4. Strategic Outlook

7.39.5. SWOT Analysis

7.40. Skyworth Digital Holdings Ltd.

7.40.1. Business Overview

7.40.2. Financial Data

7.40.3. Product Landscape

7.40.4. Strategic Outlook

7.40.5. SWOT Analysis

7.41. Sony Corporation

7.41.1. Business Overview

7.41.2. Financial Data

7.41.3. Product Landscape

7.41.4. Strategic Outlook

7.41.5. SWOT Analysis

7.42. TCL Corporation

7.42.1. Business Overview

7.42.2. Financial Data

7.42.3. Product Landscape

7.42.4. Strategic Outlook

7.42.5. SWOT Analysis

7.43. Toshiba Corporation

7.43.1. Business Overview

7.43.2. Financial Data

7.43.3. Product Landscape

7.43.4. Strategic Outlook

7.43.5. SWOT Analysis

7.44. Vivo Communication Technology Co. Ltd.

7.44.1. Business Overview

7.44.2. Financial Data

7.44.3. Product Landscape

7.44.4. Strategic Outlook

7.44.5. SWOT Analysis

7.45. Walton Group

7.45.1. Business Overview

7.45.2. Financial Data

7.45.3. Product Landscape

7.45.4. Strategic Outlook

7.45.5. SWOT Analysis

7.46. Whirlpool Corporation

7.46.1. Business Overview

7.46.2. Financial Data

7.46.3. Product Landscape

7.46.4. Strategic Outlook

7.46.5. SWOT Analysis

7.47. ZTE Corporation

7.47.1. Business Overview

7.47.2. Financial Data

7.47.3. Product Landscape

7.47.4. Strategic Outlook

7.47.5. SWOT Analysis

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Consumer Electronics Market – Porter’s and PESTEL Analysis 2017-2024 (2024)

FAQs

What is the consumer electronics market trend in 2024? ›

“2024 will see the rapid rise of AI-powered everything, coupled with true 5G integration. The average consumer will be faster, better connected and more informed than ever before.” All hands on tech! Plug in and delve into the exciting developments set to redefine the industry.

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What are Porter's five forces consumer electronics industry? ›

Industry Analysis

These forces include the threat of new entrants, threat of substitutes, bargaining power of suppliers, bargaining power of buyers, and rivalry among competitors connecting us to the industry research.

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What is Porter's five forces and PESTLE analysis? ›

Sometimes called PESTLE analysis when legal and environmental impacts are also included. An example of Porters Five Forces is the Supplier power, Buyer power, Competitive rivalry, Threat of substitution, and Threat of new entry. A SWOT analysis considers a company's strengths, weaknesses, opportunities, and threats.

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How competitive is the consumer electronics industry? ›

The industry is extremely competitive, with new companies always entering the market and competing with major players, like Apple and Sony. The past years' events affected the market.

What is the outlook for the electronics industry in 2024? ›

In summary, 2024 will be a reset year with largely flat revenues for many suppliers as the post-pandemic supply chain effects burn themselves out. In the second half, however, the traditional growth drivers—which have never gone away—will reassert themselves to drive the industry forward.

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What is the consumer forecast for 2024? ›

NRF described consumers as resilient. National Retail Federation today forecast that retail sales will increase in 2024 between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. And that massive figure doesn't even include cars, gas and restaurants.

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What are Porter's five forces of technology industry? ›

Application to the AI Technology Industry:

In the AI technology industry, Porter's Five Forces analysis highlights intense competition, buyer influence, supplier dynamics, and threats from new entrants and substitutes.

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What are potential entrants Porter's five forces? ›

What are potential entrants'? These are new or existing organisations that are not currently competitors, but could potentially enter the market that your company operates in. Potential entrants are also sometimes described as: New entrants.

What are the 5 factors of PESTLE analysis? ›

A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation. It can be used in a range of different scenarios, and can guide people professionals and senior managers in strategic decision making.

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What is a PESTEL analysis example? ›

Companies can use a PESTLE analysis in financial analysis, risk analysis and strategic planning. For example, if a company has outsourced its production to a region that may experience inflation, awareness of this economic factor can help the parent company in adjusting its revenue projections.

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What are the pros and cons of PESTLE analysis? ›

It can enable an organisation to spot business opportunities and exploit them fully. Disadvantages: Some PESTLE analysis users oversimplify the amount of data used for decisions – it's easy to use insufficient data. The risk of capturing too much data may lead to 'paralysis by analysis'.

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What is the consumer electronics market in 2024? ›

The revenue in the Consumer Electronics market in the United States amounts to US$159.9bn in 2024. It is projected to grow annually by 1.54% (CAGR 2024-2028). The largest segment in the market is Telephony, with a market volume of US$62.1bn in 2024.

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Who leads the consumer electronics industry? ›

The United States-based Apple Inc is the world's leading consumer electronics company by market cap (as of Mar 31, 2023).

What are the key segments of consumer electronic industry? ›

The Consumer Electronics market is divided into six segments: TV, Radio & Multimedia, TV Peripheral Devices, Drones, Telephony, Gaming Equipment and Computing.

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What is the future of the consumer electronics industry? ›

The penetration rate of the smart home market worldwide is expected to grow from 19% in 2024 to 33% in 2028. Perhaps even more personalized than home electronics is the wearable tech market – driven by consumers' desire to track almost every aspect of their health and fitness.

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What will the market do in 2024? ›

In its latest long-term economic projections released in December, the Federal Open Market Committee projects core PCE inflation of 2.4% and GDP growth of 1.4% in 2024. FOMC members also anticipate just three interest rate cuts by the end of 2024.

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What is the outlook for the consumer electronics industry? ›

The global consumer electronics market size was valued at USD 773.40 billion in 2023 and is projected to grow from USD 815.16 billion in 2024 to USD 1,467.94 billion by 2032, exhibiting a CAGR of 7.63% during the forecast period.

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What is the global consumer electronics market trend? ›

It is predicted that by 2024, online sales will account for 33.5% of the total revenue in this market. By 2028, the volume of the Consumer Electronics market is expected to reach 9,014.0m pieces. Furthermore, a volume growth of 1.6% is anticipated in 2025.

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