Global Consumer Electronics Unlikely to Stop Growing, States Stratistics MRC in Its Report Published at MarketPublishers.com22 Nov 2016 • by Natalie Aster
LONDON – Consumer electronics represents a well-developed market which value stood at approximately USD 1,166 billion as of 2015. Handheld devices are currently enjoying the highest demand, and that is why they captured the largest share of the marketplace in 2015.
Growth of this market is set to continue in the coming years, though it may be not as high as it was a couple of decades ago. This market is predicted to surpass a value of USD 1,692 billion by 2022.
A rise in disposable incomes globally and changing standards of living are some of top forces driving the growth. Still technological convergence restrains it.
The audio/video segment is set to become the fastest growing segment of the world’s marketplace. Region-wise, the highest growth will come from APAC thanks to India and China. However, North America currently dominates the worldwide space.
There is a very large number of companies involved in the consumer electronics marketplace, and some of top ones are Sony Corporation, Apple, Toshiba, Canon and Lenovo, to name just a few.
In-demand research report “Consumer Electronics - Global Market Outlook (2016-2022)” drawn up by Stratistics Market Research Consulting offers a comprehensive analysis of the world’s market for consumer electronics. The study starts with a brief introduction of this marketplace. It throws light on drivers and restrains of the market.
The report explores opportunities and threats of the marketplace, as well. The research study covers application fields and concentrates on emerging marketplaces. It comprises Porter’s five forces analysis. The research report sheds light on major regional as well as country marketplaces.
The study investigates key developments in the global space and contains detailed profiles of leading companies like the ones mentioned above. Historical data and projected figures are on hand in the report, too.
More cutting-edge studies by Stratistics MRC are available at its page.