Electronic Products Market
Electronic Products Market Size, Share & Trends Analysis Report by Type (Audio and Video Equipment and Semiconductor), by Mode of Sales (Offline and Online), by Sales Channel (Original Equipment Manufacturer (OEM), and Aftermarket), and by End-Users (Business to Business (B2B) and Business to Customer (B2C)) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Electronic products market is anticipated to grow at a CAGR of 12.7% during the forecast period (2023-2030). An increase in the use of smart TVs, smart wearables, smartphones, and tablets, with integrated AI technology drives the growth of the electronic product market. The growing adoption of AI features to turn household appliances and electronic products into smart machines that control and optimize their own functionality is the key factor supporting the growth of the market globally. According to the United States International Trade Commission (USITC), in 2021, electric product imports from China, Taiwan, Thailand, and South Korea. Within this digest, the largest increases were in laptop computers and processors, up $10.6 billion or 26.4%. Voice-activated electronic technology has become increasingly prevalent in recent years, with products such as smart speakers and virtual assistants quickly gaining popularity among users. For instance, in March 2021, Simbo.ai launched SimboAlpha, its flagship cloud-based application programming interface (API) platform that enables health tech stakeholders to voice-based electronic medical records (EMR).
US Electronic Products General Imports by Country, 2021 (%)
Source: USITC DataWeb/Census, accessed July 1, 2021
Segmental Outlook
The global electronic products market is segmented on the product type, mode of sales, sales channel and end-users. Based on the type, the market is sub-segmented into audio and video equipment and semiconductors. Based on the mode of sales, the market is sub-segmented into offline and online. based on the sales channel, the market is sub-segmented into OEM and aftermarket. Further, on the basis of end-users, the market is sub-segmented into business-to-business (B2B) and business-to-customer (B2C). Among the modes of sales, the online sub-segment is anticipated to hold a considerable share of the market owing to the rise in digital transformation through multiple channels like social media, mobile apps, and websites.
B2C Sub-Segment is Anticipated to Hold a Considerable Share of the Global Electronic Products Market
Among the end-users, the business-to-customer (B2C) sub-segment is expected to hold a considerable share of the global electronic product market. The segmental growth is attributed to the growing influence of consumer electronics trends are rapidly evolving, with advancements in the Internet of Things (IoT), voice-activated assistants, virtual and augmented reality, wearables, artificial intelligence, and more shaping the future of daily life. The current sensing resistors Series is a game changer for both automotive and consumer electronics markets and is ideal for numerous applications. For instance, in July 2023, Littelfuse, Inc. an industrial technology manufacturing company empowering a sustainable, connected, and safer globe, launched its new current sensing resistor (CSR) family. These new CSRs offer a more cost-effective solution for measuring current within circuits, enabling voltage monitoring, control, and power management of functions such as battery charging and motor speed, while also providing overcurrent protection.
Regional Outlook
The global electronic products market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the North America is anticipated to hold a prominent share of the market across the globe, owing to an increase in demand for AI-based electronics in the region. The key market player includes Cisco Systems, Texas Instruments, IBM Corp., Intel, HP Corp. Apple Inc., and others.
Global Electronic Products Market Growth by Region 2023-2030
The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global Electronic Products Market
Among all regions, the Asia-Pacific regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to an increase in the trend toward electric products such as miniaturization, new data transmission connection standards, ubiquitous IoT, and 5G democratization. The favorable government policies in countries like China and India are attracting huge FDIs in the region. The top companies are establishing their manufacturing units owing to the cheap availability of factors of production in this region. China and India are becoming the global manufacturing hub for electronic products. Furthermore, Taiwan and South Korea are among the top manufacturers of consumer electronics across the globe.
Hence, High quantities of global consumer electronics like televisions, radios, computers, and cellular phones come from the Asia-Pacific region. The high disposable income of the consumers, huge demand for luxury and premium products, high standard of living, higher adoption of the latest technologies, and the presence of the top players in the region are some of the prominent factors that have driven the Asia-Pacific consumer electronics market. The key market player includes Sony Corp., Huawei Technologies Co., Ltd., MediaTek, Inc. LG Electronics, Panasonic Corp. and others.
Market Players Outlook
The major companies serving the electronic products market include Samsung Electronics Co. Ltd., Panasonic Holdings Corp., Whirlpool Corp., Koninklijke Philips N.V., LG Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2023, DuPont and JetCool Technologies Inc. announced a collaboration to increase the adoption of advanced liquid cooling technology, enabling thermal management for semiconductors electronics, data centres, and other high-performance computing applications.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electronic products market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Koninklijke Philips N.V,
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Panasonic Holdings Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Samsung Electronics Co. Ltd.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Electronic Product Market by Type
4.1.1. Audio and Video Equipment
4.1.2. Semiconductor
4.2. Global Electronic Product Market by Mode of Sales
4.2.1. Offline
4.2.2. Online
4.3. Global Electronic Product Market by Sales Channel
4.3.1. Original Equipment Manufacturer (OEM)
4.3.2. Aftermarket
4.4. Global Electronic Product Market by End-Users
4.4.1. Business to Business (B2B)
4.4.2. Business to Customer (B2C)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Johnson & Johnson
6.2. Sony Corp.
6.3. Electrolux AB
6.4. Apple Inc.
6.5. HP Development Company, L.P.
6.6. Huawei Technologies Co., Ltd.
6.7. Teledyne Technologies
6.8. Allied Vision Technologies GmbH
6.9. Texas Instruments Incorporated
6.10. Intel Corp.
6.11. Baumer Group
6.12. Jai Corp.
6.13. MediaTek, Inc.
6.14. Novartis AG.
6.15. Medtronic PLC.
1. GLOBAL ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
2. GLOBAL AUDIO AND VIDEO EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL SEMICONDUCTOR MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
4. GLOBAL ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY MODE OF SALES, 2022-2030 ($ MILLION)
5. GLOBAL ELECTRONIC PRODUCT IN OFFLINE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
6. GLOBAL ELECTRONIC PRODUCT IN ONLINE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
7. GLOBAL ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2022-2030 ($ MILLION)
8. GLOBAL OEM ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
9. GLOBAL AFTERMARKET ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
10. GLOBAL ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
11. GLOBAL ELECTRONIC PRODUCT FOR BUSINESS TO BUSINESS (B2B) MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
12. GLOBAL ELECTRONIC PRODUCT FOR BUSINESS TO CUSTOMER (B2C) MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
13. GLOBAL ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. NORTH AMERICAN ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
15. NORTH AMERICAN ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
16. NORTH AMERICAN ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY MODE OF SALES, 2022-2030 ($ MILLION)
17. NORTH AMERICAN ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2022-2030 ($ MILLION)
18. NORTH AMERICAN ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
19. EUROPEAN ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. EUROPEAN ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
21. EUROPEAN ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY MODE OF SALES, 2022-2030 ($ MILLION)
22. EUROPEAN ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2022-2030 ($ MILLION)
23. EUROPEAN ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
24. ASIA- PACIFIC ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
25. ASIA- PACIFIC ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
26. ASIA- PACIFIC ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY MODE OF SALES, 2022-2030 ($ MILLION)
27. ASIA- PACIFIC ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2022-2030 ($ MILLION)
28. ASIA- PACIFIC ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
29. REST OF THE WORLD ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
30. REST OF THE WORLD ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
31. REST OF THE WORLD ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY MODE OF SALES, 2022-2030 ($ MILLION)
32. REST OF THE WORLD ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2022-2030 ($ MILLION)
33. REST OF THE WORLD ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
1. GLOBAL ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY TYPE, 2022 VS 2030 (%)
2. GLOBAL AUDIO AND VIDEO EQUIPMENT IN ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL SEMICONDUCTOR IN ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
4. GLOBAL ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY MODE OF SALES, 2022 VS 2030 (%)
5. GLOBAL ELECTRONIC PRODUCT IN OFFLINE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
6. GLOBAL ELECTRONIC PRODUCT IN ONLINE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
7. GLOBAL ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2022 VS 2030 (%)
8. GLOBAL OEM OF ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
9. GLOBAL AFTERMARKET OF ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
10. GLOBAL ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022 VS 2030 (%)
11. GLOBAL ELECTRONIC PRODUCT FOR BUSINESS TO BUSINESS (B2B) MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
12. GLOBAL ELECTRONIC PRODUCT FOR BUSINESS TO CUSTOMER (B2C) MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
13. GLOBAL ELECTRONIC PRODUCT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
14. US ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
15. CANADA ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
16. UK ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
17. FRANCE ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
18. GERMANY ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
19. ITALY ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
20. SPAIN ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
21. REST OF EUROPE ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
22. INDIA ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
23. CHINA ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
24. JAPAN ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
25. SOUTH KOREA ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF ASIA-PACIFIC ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
27. REST OF THE WORLD ELECTRONIC PRODUCT MARKET SIZE, 2022-2030 ($ MILLION)
