Pent-up demand from emerging markets like Brazil, China and Indonesia is expected to push global sales to grow by 4% in 2024 despite consumers cutting down on purchases in 2022 and 2023.
This report comes in PPT.
Consumers, especially those from emerging markets, will be impacted by the global economy slowdown and will be looking for value for money products.
Market leaders Samsung and Apple are harnessing their strong financial power and investing heavily in R&D to create differentiators from competitors and avoid competing on prices.
A seamless smart home will enable companies to provide a greater range of services and better experiences, and spur sales of wireless speakers, TVs and smartphones.
Forecast sales for big-ticket discretionary purchases like LCD TVs and laptops will remain muted as consumers choose to tighten their expenditures. Growth will be primarily driven by affordable products with shorter replacement cycles.
XR technologies offer a new and engaging way for companies to reach out to their customers, who are spending an increasing amount of time seeking online experiences.
Consumer Electronics refers to the sales of Computers and Peripherals, In-Home Consumer Electronics, In-Car Entertainment and Portable Consumer Electronics to the end consumer.
See All of Our DefinitionsIf you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!