Personal Consumer Electronics Market to grow by USD 92.66 billion from 2022 to 2027|Frequent product launches boost the market - Technavio

NEW YORK, July 27, 2023 /PRNewswire/ -- The personal consumer electronics market size is forecast to increase by USD 92.66 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 5.04%, according to a recent market study by Technavio. The growth of the market will be driven by frequent product launches, the adoption of energy-efficient personal consumer electronics, and growing investment in R and D activities. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including Apple Inc., Bajaj Electricals Ltd., Dell Technologies Inc., Electrolux AB, Fujitsu Ltd., Havells India Ltd., Hisense International Co. Ltd., Hitachi Ltd., HP Inc., Huawei Technologies Co. Ltd., Koninklijke Philips NV, Lenovo Group Ltd., LG Corp., Micromax Informatics Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Sony Group Corp., Toshiba Corp., Whirlpool Corp., and Xiaomi Communications Co. Ltd.

Get a holistic overview of the personal consumer electronics market from industry experts to evaluate and develop growth strategies. Download the Sample

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Personal Consumer Electronics Market - Segmentation Analysis

The personal consumer electronics market report extensively covers market segmentation by product type (smartphones, tablets laptops and notebooks, portable devices, digital cameras, and others), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

• The market share growth by the smartphones segment is significant for the market growth during the forecast period. The global consumer electronic segment comprises the market for smartphones with advanced computing and connectivity capabilities in addition to basic voice communication. Some of the key features which smartphones offer include internet access, multimedia capabilities, and a wide range of applications, all of which have become a vital part of daily modern life. There has been significant growth in the smartphone market due to advancements in technology, rising consumer demand, and an increased need for mobile services. Hence, such factors are expected to drive market growth during the forecast period.

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Personal Consumer Electronics Market - Market Dynamics

Key Drivers

Frequent product launches drive the personal consumer electronics market during the forecast period. There has been an increasing focus on the innovation of new products by several vendors in the market to cater to changing consumer demand for electronics. For example, in January 2023, Bespoke Infinite Line Refrigerator was launched by Samsung Electronics Co. Ltd. It is widely available in several models such as refrigerator, freezer, or wine cellar. Furthermore, in December 2021, Xiaomi Communications Company Ltd announced the launch of a smart TV X 75-inch model under its brand Redmi. Hence, such product innovations are expected to drive market growth during the forecast period.

Significant Trends

The rapid growth of the e-commerce industry is a key trend in the personal consumer electronics market during the forecast period. There has been significant growth in the e-commerce industry over the past few years as several companies are expanding their online presence. Additionally, the trend is expected to continue as more customers get used to online shopping. Hence, businesses are expanding their online presence, so they are able to connect with their audience through various channels. Additionally, the main advantage of online platforms is that customers have the option to choose from a wide range of products under different categories, price ranges, and brands. Hence, the emergence and growth of e-commerce platform is positively impacting the market, which in turn will drive the market growth during the forecast period.

Major Challenges

Fluctuation in prices of raw materials and operational costs is a significant challenge hindering the personal consumer electronics market growth during the forecast period. Some of the key factors influencing the market prices of consumer electronics include the cost of labor, raw materials, transportation, and promotion. Additionally, a major portion of this expense is accounted for by the prices of raw materials, labor, and production costs. There have been significant fluctuations in the prices of raw materials which are subjected to exchange rates and it can significantly impact the profit margin of manufacturers. Furthermore, the fluctuations of crude oil prices significantly impact the transportation cost of raw materials and final products. Hence, such volatility in price is expected to negatively impact the market, which in turn will drive market growth during the forecast period.

What are the key data covered in this Personal Consumer Electronics Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the personal consumer electronics market between 2023 and 2027
• Precise estimation of the personal consumer electronics market size and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the personal consumer electronics market across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of personal consumer electronics market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global personal consumer electronics market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global personal consumer electronics market 2017 - 2021 ($ billion)

• 4.2 Product Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Type Segment 2017 - 2021 ($ billion)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product Type

• 6.1 Market segments
• Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)

• 6.2 Comparison by Product Type 
• Exhibit 32: Chart on Comparison by Product Type
• Exhibit 33: Data Table on Comparison by Product Type

• 6.3 Smartphones - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Smartphones - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Smartphones - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Smartphones - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Smartphones - Year-over-year growth 2022-2027 (%)

• 6.4 Tablets laptops and notebooks - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Tablets laptops and notebooks - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Tablets laptops and notebooks - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Tablets laptops and notebooks - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Tablets laptops and notebooks - Year-over-year growth 2022-2027 (%)

• 6.5 Portable devices - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Portable devices - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Portable devices - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Portable devices - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Portable devices - Year-over-year growth 2022-2027 (%)

• 6.6 Digital camera - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Digital camera - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Digital camera - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Digital camera - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Digital camera - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product Type 
• Exhibit 54: Market opportunity by Product Type ($ billion)
• Exhibit 55: Data Table on Market opportunity by Product Type ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments
• Exhibit 56: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 57: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 58: Chart on Comparison by Distribution Channel
• Exhibit 59: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel 
• Exhibit 68: Market opportunity by Distribution Channel ($ billion)
• Exhibit 69: Data Table on Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027 
• Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ billion)
• Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Apple Inc.
• Exhibit 123: Apple Inc. - Overview
• Exhibit 124: Apple Inc. - Business segments
• Exhibit 125: Apple Inc. - Key news
• Exhibit 126: Apple Inc. - Key offerings
• Exhibit 127: Apple Inc. - Segment focus

• 12.4 Bajaj Electricals Ltd. 
• Exhibit 128: Bajaj Electricals Ltd. - Overview
• Exhibit 129: Bajaj Electricals Ltd. - Business segments
• Exhibit 130: Bajaj Electricals Ltd. - Key news
• Exhibit 131: Bajaj Electricals Ltd. - Key offerings
• Exhibit 132: Bajaj Electricals Ltd. - Segment focus

• 12.5 Dell Technologies Inc. 
• Exhibit 133: Dell Technologies Inc. - Overview
• Exhibit 134: Dell Technologies Inc. - Business segments
• Exhibit 135: Dell Technologies Inc. - Key news
• Exhibit 136: Dell Technologies Inc. - Key offerings
• Exhibit 137: Dell Technologies Inc. - Segment focus

• 12.6 Electrolux AB
• Exhibit 138: Electrolux AB - Overview
• Exhibit 139: Electrolux AB - Business segments
• Exhibit 140: Electrolux AB - Key news
• Exhibit 141: Electrolux AB - Key offerings
• Exhibit 142: Electrolux AB - Segment focus

• 12.7 Hitachi Ltd.
• Exhibit 143: Hitachi Ltd. - Overview
• Exhibit 144: Hitachi Ltd. - Business segments
• Exhibit 145: Hitachi Ltd. - Key news
• Exhibit 146: Hitachi Ltd. - Key offerings
• Exhibit 147: Hitachi Ltd. - Segment focus

• 12.8 HP Inc.
• Exhibit 148: HP Inc. - Overview
• Exhibit 149: HP Inc. - Business segments
• Exhibit 150: HP Inc. - Key news
• Exhibit 151: HP Inc. - Key offerings
• Exhibit 152: HP Inc. - Segment focus

• 12.9 Huawei Technologies Co. Ltd. 
• Exhibit 153: Huawei Technologies Co. Ltd. - Overview
• Exhibit 154: Huawei Technologies Co. Ltd. - Business segments
• Exhibit 155: Huawei Technologies Co. Ltd. - Key news
• Exhibit 156: Huawei Technologies Co. Ltd. - Key offerings
• Exhibit 157: Huawei Technologies Co. Ltd. - Segment focus

• 12.10 Koninklijke Philips NV 
• Exhibit 158: Koninklijke Philips NV - Overview
• Exhibit 159: Koninklijke Philips NV - Business segments
• Exhibit 160: Koninklijke Philips NV - Key news
• Exhibit 161: Koninklijke Philips NV - Key offerings
• Exhibit 162: Koninklijke Philips NV - Segment focus

• 12.11 Lenovo Group Ltd.
• Exhibit 163: Lenovo Group Ltd. - Overview
• Exhibit 164: Lenovo Group Ltd. - Business segments
• Exhibit 165: Lenovo Group Ltd. - Key offerings
• Exhibit 166: Lenovo Group Ltd. - Segment focus

• 12.12 LG Corp.
• Exhibit 167: LG Corp. - Overview
• Exhibit 168: LG Corp. - Business segments
• Exhibit 169: LG Corp. - Key offerings
• Exhibit 170: LG Corp. - Segment focus

• 12.13 Panasonic Holdings Corp. 
• Exhibit 171: Panasonic Holdings Corp. - Overview
• Exhibit 172: Panasonic Holdings Corp. - Product / Service
• Exhibit 173: Panasonic Holdings Corp. - Key news
• Exhibit 174: Panasonic Holdings Corp. - Key offerings

• 12.14 Samsung Electronics Co. Ltd. 
• Exhibit 175: Samsung Electronics Co. Ltd. - Overview
• Exhibit 176: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 177: Samsung Electronics Co. Ltd. - Key news
• Exhibit 178: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 179: Samsung Electronics Co. Ltd. - Segment focus

• 12.15 Sony Group Corp.
• Exhibit 180: Sony Group Corp. - Overview
• Exhibit 181: Sony Group Corp. - Business segments
• Exhibit 182: Sony Group Corp. - Key news
• Exhibit 183: Sony Group Corp. - Key offerings
• Exhibit 184: Sony Group Corp. - Segment focus

• 12.16 Toshiba Corp.
• Exhibit 185: Toshiba Corp. - Overview
• Exhibit 186: Toshiba Corp. - Business segments
• Exhibit 187: Toshiba Corp. - Key news
• Exhibit 188: Toshiba Corp. - Key offerings
• Exhibit 189: Toshiba Corp. - Segment focus

• 12.17 Whirlpool Corp.
• Exhibit 190: Whirlpool Corp. - Overview
• Exhibit 191: Whirlpool Corp. - Business segments
• Exhibit 192: Whirlpool Corp. - Key offerings
• Exhibit 193: Whirlpool Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 194: Inclusions checklist
• Exhibit 195: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 196: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 197: Research methodology
• Exhibit 198: Validation techniques employed for market sizing
• Exhibit 199: Information sources

• 13.5 List of abbreviations 
• Exhibit 200: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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