The global electronic product market is anticipated to grow at a CAGR of 12.7% during the forecast period (2023-2030). An increase in technological advancement trends in advanced materials, organic electronics, and miniaturization contribute to the growth of the electronic device market. Besides, disruptive technologies like artificial intelligence (AI) and the Internet of Things (IoT) enable smart manufacturing practices and also are the growth drivers for the industry. For instance, in June 2023, Apple Inc. launched Apple Vision Pro, a revolutionary spatial computer that seamlessly blends digital content with the physical global, while allowing users to stay present and connected to others. Electronic Products include smartphones, tablets, computers, and game consoles. These products are used for social networking, studying, and entertainment. Use of an electric product recycling for landfills, wasting an opportunity to recycle the batteries, metals, and other materials trapped in the product.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/electronic-products-market
For instance, in January 2023, Panasonic Holdings Corp. announced the Take Back for Tomorrow program to promote recycling of certain consumer Electronic Products. The pilot program will start with electronic personal care products such as shavers and trimmers, that represent a huge opportunity to recycle components that would otherwise end up in landfills. Electronic product manufacturers use AI to create smarter products and maximize their functionalities. Such as AI-enabled washing machines are smart laundry appliances that use artificial intelligence and sensors to optimize the performance of the washer. The smart sensors in the AI-enabled washer sense the soil level and the weight of the laundry to optimize the wash cycle based on the type of clothes being washed. For instance, in May 2022, Samsung Electronics Co. Ltd. announced the launch of its 2022 range of artificial intelligence-enabled bi-lingual AI EcoBubble™ fully automatic front-load washing machines. The new line-up comes with an all-new AI Wash feature for an effortless laundry experience.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Mode of Sales
o By Sales Channel
o By End- Users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Samsung Electronics Co. Ltd., Panasonic Holdings Corp., Whirlpool Corp., Koninklijke Philips N.V, LG Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Electronic Product Market Report Segment
By Type
By Mode of Sales
By Sales Channel
By End-Users
Global Electronic Product Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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