Overview and Scope
Electronic products are defined as products that have an electronic circuit that during operation can generate or emit a physical field of radiation in devices.
Sizing and Forecast
The electronic products market size has grown strongly in recent years. It will grow from $1314.69 billion in 2023 to $1411.86 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to rising disposable income, increased popularity of audio and video broadcasting, growth in e-commerce for consumer electronics, increased internet penetration, low interest rate environment, technology development, high investments, and increasing usage of tvs.
The electronic products market size is expected to see strong growth in the next few years. It will grow to $1842.84 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to innovations in electronic products, development of smart cities, growing demand for wireless audio devices and smart tvs, increase use of electronic devices, rising demand of smartphones and tablets, rising demand for electronic components in display devices, and increasing adoption of internet of things (iot). Major trends in the forecast period include innovations in electronic products, development of smart cities, growing demand for wireless audio devices and smart tvs, increase use of electronic devices, rising demand of smartphones and tablets, rising demand for electronic components in display devices, and increasing adoption of internet of things (iot).
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Segmentation & Regional Insights
The electronic products market covered in this report is segmented –
1) By Type: Audio And Video Equipment, Semiconductor And Other Electronic Component
2) By Mode: Online, Offline
3) By Sales Channel: OEM, Aftermarket
4) By End-Use: Business To Business (B2B), Business To Customer (B2C)
Subsegments Covered: Audio Equipment, Video Equipment, Semiconductor And Related Devices, General Electronic Components
Asia-Pacific was the largest region in the electronic products market in 2023. North America was the second largest region in the electronic products market. The regions covered in the electronic products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The electronic products market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) stated that the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.
Key Industry Players
Major companies operating in the electronic products market report are Samsung Electronics Co Ltd, Intel, Taiwan Semiconductor Mfg. Co ltd, Micron Technology Inc, SK Hynix Inc., LG Electronics, Broadcom Inc., Qualcomm Incorporated, Texas Instruments, Sony Corporation, Panasonic India Pvt Ltd, India Electronics Pvt Ltd, Godrej, Philips, TCL, Skyworth, Haier, SVA, Changhong Electronics Group, Xiaomi, Panda Electronics, Sony, Toshiba, Denon, JVC, Fostex, Sansui, Sharp, Hisense, Duntech, Whatmough, Amphion Loudspeakers, Audison, Behringer, Bosch, Dynaudio, Medion, Focal-JMLab, SITRONICS JSC, Orion Electronics Ltd, NPO, ZR Speaker Lab, Bose Corporation, Harman International Industries, Pioneer, Klipsch Audio Technologies, MartinLogan, Polk Audio, H-Buster, Philco, AOC, CZ Electronics (Pty) Ltd, Avnet South Africa, 3M South Africa, Electrocomp (PTY) Ltd, Samsung, LG
The electronic products market report table of contents includes:
1. Executive Summary
2. Electronic Products Market Characteristics
3. Electronic Products Product/Service Analysis -Product/Service Examples
4. Electronic Products Market Trends And Strategies
5. Electronic Products Market – Macro Economic Scenario
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68. Global Electronic Products Market Competitive Benchmarking
69. Global Electronic Products Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Electronic Products Market
71. Electronic Products Market Future Outlook and Potential Analysis
72. Appendix
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