Consumer Electronics

An 11% decline in car sales in Chile during 2019, as announced by ANAC, the National Automotive Association of Chile, combined with the closure of physical sales outlets due to the protests that affected Chile in the last quarter of 2019, saw in-car ...

COVID-19 has had a minor negative impact on consumer electronics, stemming from both supply side disruptions and changes in demand patterns....

What could be evaluated as major changes in people’s lifestyles caused by the COVID-19 pandemic in Chile, such as curfew, movement restrictions, army checkpoints, store closures and overall uncertainty over the future, were situations that, to a ...

2020 is set to see decline deepen slightly, with sales expected to fall by 9% by volume compared to an already swift decline of 8% in 2019. Demand for in-car entertainment is suffering from long term decline as sales lose out to built-in navigation ...

The in-car entertainment category saw even steeper negative growth in 2020 in Morocco than in 2019. This was due to the combination of the economic impact of COVID-19 on consumer spending power, and growing competition from other consumer ...

COVID-19 slowed sales of consumer electronics across the market in 2020. This was due to the total shutdown in the country arising from lockdown restrictions, as well as the impact on consumer spending power: more than 700,000 people lost their jobs ...

The disruption and other effects of COVID-19 were particularly felt in Q1 of 2020 as the national lockdown was imposed, with parts of Austria, including Tyrol and Bregenz, suffering high infection rates. As a result of businesses closing and ...

COVID-19’s disruption has intensified the declining trend for sales of in-car speakers and in-dash media players, with cars being used much less frequently during lockdown and consumers increasingly cutting back on non-essential purchases because of ...

Because of the national quarantine period in April, consumers in Vietnam were only able to leave their residences for essential purposes such as shopping and work, meaning that car usage was highly reduced. This cut demand for in-car entertainment ...

The COVID-19 pandemic has been reshaping the normal trends seen in consumer electronics. Among the changes seen due to the virus and the measures taken to slow its spread are a reduction in offline marketing promotions and disruption of overseas ...

Demand for in-car entertainment suffered over the review period as cars increasingly have built-in entertainment features, which are becoming increasingly high quality, up to date and complete, negating the need for additional products. While newer ...

Sales of many products were struggling in the first half of 2020 in South Korea, among which were included cars and in-car entertainment. In-car entertainment was already struggling prior to 2020, with many new car models already equipped as standard...

Consumer electronics in Hungary is expected to record slight retail volume growth in 2020. The economic impact of COVID-19 and decline in disposable incomes has impacted certain categories and reduced discretionary purchases, however others were more...

During the pandemic, Vietnamese people followed the government’s direction quickly by staying at home and working from home as much as possible. This home seclusion drove significantly increasing demand for laptops, tablets and other IT accessories ...

As was seen during most of the review period, in-car entertainment is expected to see a further retail volume decline in 2020, and it will remain one of the smallest categories within consumer electronics. COVID-19 is not expected to have a ...

During 2020, consumer electronics is expected to see a marginally faster growth rate than in the previous three years. This will be due to the higher volume growth in categories such as computers, home audio and cinema and televisions, as well as the...

Retail volume sales of in-car navigation, in-car speakers and in-dash media players are all continuing to decline in 2020, with the trend expected to continue over the forecast period, with several reasons for the decline, and the COVID-19 pandemic ...

When COVID-19 arrived in the country in early March, the economy was put on hold. Businesses, retail outlets and foodservice establishments were closed and economic growth went into a downward spiral. Consumers were naturally affected by this, with a...

The Annual Report of Vehicle Registrations showed that for the first four months of 2020, vehicle registrations reached 51,481 units, some 31% lower than the same period in 2019. In April 2020, 217 vehicles were registered across the country, ...

Colombia enjoyed GDP growth of 3.3% in 2019, the highest figure recorded over the review period. The projections for the economy going forward were quite positive, with the country expecting a good year in 2020, with further economic growth. These ...