Consumer electronics continues its growth as the world transits into the New Normal. Retail value sales are projected to register a 4% CAGR over the forecast period. Manufacturers are prioritising components for higher-end models with better margins as global supply chain constrain continues to cause havoc globally.
This report comes in PPT.
A combination of inflation and supply chain constraints have pushed up product costs, and manufacturers are shifting the cost on to the consumers.
The leading companies have the financial might to out-develop and outbid competitors.
The pandemic has cast a renewed focus on the importance of health – both physical and mental wellbeing via the use of technology.
New technologies will help companies to better engage with their customers, react to changing market conditions and generate new business models to ensure continued growth.
Design will become even more important as companies are keen to avoid cutting prices to sell as design becomes a competitive advantage in order to stand out from a sea of look-alike products.
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 Definitions
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