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Global Personal Electronics Market Size, Share, Forecast: By Product Type: Smartphones, Tablets, Laptops/Notebooks, Desktops, Digital Cameras, Hard Disk Drives (HDD), E-readers, Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape: Industry Events and Developments; 2024-2032
Global Personal Electronics Market Outlook
The global personal electronics market size attained a value of nearly USD 0.87 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 4.5% to reach about USD 1.30 billion by 2032.
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Asia Pacific to Account for a Significant Share in the Market Growth of Personal Electronics
Asia Pacific is holding a significant share in the personal electronics market on account of the presence of key market players such as Huawei Technologies Co., Ltd., Samsung Group, and Xiaomi Group, among others. The increasing spending by aging consumers as well as the increasing interest of youth in electronics and an upsurge in trade activities related to consumer electronics, especially in China is expected to bolster the market growth.
With increasing imports of electronic products from China, the market is likely to grow over the coming years. The growing sales opportunities for the well-established brands currently operating in the industry in China are likely to work in favour of consumer electronic equipment manufacturers located in the country.
Market Segmentation
Personal electronics are primarily electronic devices targeted towards consumers for their personal use, often on a daily basis. Common examples include smartphones, tablets, personal care products, drones, VR and AR devices, e-readers, and audio-visual equipment. These devices are expected to offer consumers with an easy and positive user experience, along with user-friendliness and great reliability.
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By product type, the personal electronics market is divided into:
- Hard Disk Drives (HDD)
- Smartphones
- Laptops/Notebooks
- Tablets
- Digital Cameras
- Desktops
- E-readers
The EMR report looks into the regional markets like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.
Surging Popularity of Advance Technology to Propel the Market Growth of Personal Electronics
Over the forecast period, the personal electronics market is projected to witness growth on account of the substantially rising popularity of smart and technological devices. New launches and innovative products are also driving the demand among consumers which is further expected to fuel the market growth globally.
Increasing disposable income among consumers, the growing standard of living, and the increasing number of smartphone users coupled with the growing population are likely to drive the market growth. There is also a surge in the requirement for smart home devices, smart accessories, and others along with the rise in environmental awareness. Both factors are promoting the adoption of energy-efficient products that ensure more performance efficiency in cost-effective ways, further propelling the market demand in the upcoming years.
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Key Players in the Global Market for Personal Electronics
The report presents a detailed analysis of the following key players in the global personal electronics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Samsung Group
- LG Electronics Inc.
- Sony Corporation
- Panasonic Corporation
- Apple Inc.
- Huawei Technologies Co., Ltd.
- Xiaomi Group
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Personal Electronics Market Analysis
8.1 Key Industry Highlights
8.2 Global Personal Electronics Historical Market (2018-2023)
8.3 Global Personal Electronics Market Forecast (2024-2032)
8.4 Global Personal Electronics Market by Product Type
8.4.1 Smartphones
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Tablets
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Laptops/Notebooks
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Desktops
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Digital Cameras
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Hard Disk Drives (HDD)
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 E-readers
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.5 Global Personal Electronics Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Personal Electronics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Personal Electronics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Personal Electronics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Personal Electronics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Personal Electronics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Samsung Group
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 LG Electronics Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Sony Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Panasonic Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Apple Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Huawei Technologies Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Xiaomi Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Personal Electronics Market: Key Industry Highlights, 2018 and 2032
2. Global Personal Electronics Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Personal Electronics Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Personal Electronics Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Personal Electronics Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Personal Electronics Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Personal Electronics Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Personal Electronics Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Personal Electronics Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Personal Electronics Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Personal Electronics Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Personal Electronics Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Personal Electronics Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Personal Electronics Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Personal Electronics Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Personal Electronics Market Structure.
Key Questions Answered in the Report
In 2023, the global market attained a value of nearly USD 0.87 billion.
The market is assessed to grow at a CAGR of 4.5% between 2024 and 2032.
Over the forecast period of 2024-2032, the market is estimated to witness healthy growth to reach almost USD 1.30 billion by 2032.
The major market drivers are the growing electronic industry and increasing investment in research and development activities along with growing government initiatives to promote market growth.
The key market trends include the rising adoption of miniature designs with rich features and technological advancements along with increasing digitalisation.
The major regions in the market are Asia Pacific, led by China, along with North America, Europe, Latin America, the Middle East, and Africa.
The various product types electronics for personal use in the market include smartphones, tablets, laptops/notebooks, desktops, digital cameras, hard disk drives (HDD), and e-readers.
The major players in the market are Samsung Group, LG Electronics Inc., Sony Corporation, Panasonic Corporation, Apple Inc., Huawei Technologies Co., Ltd., and Xiaomi Group, among others.
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