India Consumer Electronics Industry is Set to Grow at a CAGR of 5.91% by 2025

Posted on 2018-11-22 by Goldstein Research in Consumer Services // 0 Comments

New York, USA, 2018-Nov-22 — /EPR Network/ —According to Goldstein Research, with the advancing technology, there is trend of smart offices and smart homes, where consumer electronics is an important part of it. The major market driving factor of consumer electronics market is the huge shift of interest towards smart homes & smart offices. Consumer electronics market in India also includes product development, marketing and investment strategies adopted by major market players in order to expand their business across the globe. Moreover, China has increasing manufacturing cost which has attracted India to be ideal manufacturing hub. The “Make in India” policy of the government is further attracting more investments in consumer electronic industry.

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Market Segmentation

On the basis of our in-depth analysis, India consumer electronics industry can be segmented as follows:

By Product Type

Visual and Audio Products (Television, Laptops, Speakers, Others (Headphones, etc.), Major Home, Appliances, Air Conditioner, Refrigerator, Washing Machines, Dish Washers)
Small Home Appliances (Food Processors, Microwave Ovens, Iron)

By Pricing Model

Low Cost Products
Medium Cost Products
High End Products (Customized or luxury Brands)

By Distribution Channel

Online Distribution Channel
Offline Distribution Channel

By Business Model

Business to Business (B2B)
Business to Consumer (B2C)

Based On Geography

Tier-I Cities Consumer electronics Industry
Tier-II Cities Consumer electronics Industry
Tier-III Cities Consumer electronics Industry

“India Consumer electronics Industry Outlook 2025” contains detailed overview of the India consumer electronics industry. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product, by pricing model, by distribution channels and by business models.

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India Consumer Electronics Industry Report includes a deep dive analysis of the market done on the basis of primary & secondary source of data in the supervision of the best market expert, where the report includes all the fact & figures presenting growth drivers, market challenges, export-import data, product specification, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model. This market report also includes competitive outlook of some of the major players profiling of companies such as Future Group, Sony, Samsung, LG Electronics, Panasonic, Koninklijke Philips N.V., Haier Consumer Electronics Group etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the India consumer electronics industry trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

India consumer electronics market is further bifurcated in various segments with separate market analysis mentioned below:

OLED TV Market

In the era of technology and innovation there is a revolution in television industry termed as OLED or organic light emitting diodes. However, complexity of OLED TV at macro level compared to LCD and LED technology is making OLED TVs costlier than its older generation. High cost of OLED TV is the key factor restraining the growth of global OLED TV market.

Smart TV Market

High personal disposable income of the people of consumer electronics and their shifting preference towards smart environment (homes and offices) are majorly driving the growth of the market. Goldstein Research analyst forecast that the Global smart TV market is set to reach USD 290.8 billion by 2025, growing at a CAGR of 4.71% over the forecast period (2017-2025).

Residential Air Purifier Market

In 2012, World Health Organization (WHO) published an article on household air pollution, stating indoor air pollution is one of the top five environmental health risks which cause one out of eight people deaths. Global residential air purifier market is estimated to reach USD 8.65 billion by 2024 and is projected to grow at a CAGR of over 6.0% during the forecast period i.e. 2016-2024.

Residential electric fryers market

Global residential electric fryers market is majorly driven by the consumers who crave for the crispy fried food served in restaurants but are not willing to pay steep prices and don’t want to visit restaurant every time. Global residential electric fryers market is expected to expand at a CAGR of 7.2% over the forecast period i.e. 2016-2024. Further the market is projected to reach USD 2.8 Billion by the end of 2024.

Smartphone Market

Telecommunication is the fastest growing industry where implementation of internet of things (IoT) is drastically changing the way of communication and lifestyle. Global smartphone market is valued USD 363.4 billion in 2016 and is projected to witness over 3.6 billion units shipments of smartphones by the end of 2024. The global smartphone market is anticipated to grow at a CAGR of 7.5% during the forecast period.

Smartphone Accessories Market

Headphones, selfie-stick, portable speakers, power banks and many more provide an advantage to use smartphone in an easier way. Wide adoption of smartphones is boosting smartphone accessories market growth majorly in urban areas. Global smartphone accessories market is expected to reach value of USD 104.31 billion by 2024. The smartphone accessories market is projected to witness a healthy CAGR of 6.5% over the forecast period.

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