The consumer electronic products market is expected to see global CAGR growth between 2012 and 2015 of over 10%. This is due to a number of significant growth factors. The consumer electronic products market is currently one of the largest sectors of the manufacturing industry, and is expected to see increased growth in emerging economies such as China and Russia. The industry for consumer electronic products is also expected to be boosted by an increase in household income levels, local manufacturing and rising awareness.
The US, UK, China, Japan, India, Germany, South Korea and Taiwan are the biggest consumer electronics markets which together account for more than half of the global industry. We have also found that presently, China is dominating in many segments of the global consumer electronics industry and is expected to surpass US in total market by 2014.
Growing market demand due to tremendous technological development and rising income levels has influenced the performance of the Chinese consumer electronics market. Its huge population has also presented it as a highly potential market. Apart from this, India is the fastest growing consumer electronics market. Though it has a meager share in global market, the factors similar to China are helping it to grow enormously.
The report also provides the current market and forecast till 2015 of each of the countries mentioned above. The major players of each country have also been identified. In addition to this, the report provides product-level analysis with forecast till 2015 of the key consumer electronics products that are driving the whole industry. It has been observed that 3D TVs, Smart TVs, HD DVD Players/Recorders, Smartphones, Digital Radio and Tablets are among the few products that are witnessing high growth and hold immense potential in the future.
Additionally, the report analyzed the global consumer electronics market size, regional segmentation, industry trends and challenges to present a comprehensive overview of the market. We have also included the key players' such as Samsung Electronics Co. Ltd., LG Electronics Inc., Apple Inc., and many others, and included their company description, product portfolio, key financials, strategic analysis and recent developments to provide a brief idea of the competitive landscape.
Thus, the report covers all the important aspects of the global consumer electronics market, which will prove decisive for the clients. Overall, the report is an outcome of extensive research and prudent analysis and is meant to offer suitable knowledge base to those who are interested in Global consumer electronics market.
For more information on the consumer electronic products market please click here: Consumer Electronic Products Market
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.