Global Consumer Electronics Manufacturing - Industry Market Research Report

Global Consumer Electronics Manufacturing - Industry Market Research Report
Global Consumer Electronics Manufacturing

Over the current period, consumer electronics manufacturers have faced declines. The outbreak of COVID-19 lowered consumer spending, manufacturing output and trade volumes in 2020. Many of the largest manufacturers have faced declines as competition from one another and smaller manufacturers has increased. Overall, industry-wide revenue has been falling at a CAGR of 0.3% over the past five years and is expected to total $1.6 trillion in 2023, when revenue will jump by an estimated 2.6% and profit will dip to 3.5%.

This industry manufactures electronic audio and video equipment for consumer end use, including home entertainment systems, public address and musical instrument amplifications as well as mobile devices such as cellular phones and tablets. Examples of products include TVs, stereo equipment, speaker systems, consumer video cameras, jukeboxes and video game consoles. However, while mobile devices are included in this industry, computer hardware is not.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.