Market Overview:
The global home electronics market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for smart and energy-efficient devices, rising disposable income, and growing urbanization. The entertainment devices segment is expected to hold the largest share of the global home electronics market in 2018. This can be attributed to the increasing demand for smart TVs, gaming consoles, and other entertainment devices. The communications devices segment is projected to grow at the highest CAGR during the forecast period owing to rising demand for smartphones and other communication devices. In terms of application, household applications are expected to account for a majority share of the global home electronics market in 2018 followed by office & school applications. Rising adoption of electronic gadgets such as televisions, laptops, tablets etc.
Product Definition:
Home electronics is a term used to describe a wide range of devices that are used in the home. This includes items like televisions, radios, DVD players, and computers. Home electronics have become increasingly important in recent years as they have become more affordable and easier to use. Many people now rely on these devices to entertain them and keep them connected to the outside world.
Entertainment Devices:
Entertainment devices are electronic equipment such as TV, VCR, CD player, tape deck and MP3 players. The growth factor in the home electronics market is increasing demand for compact products that can be easily integrated into a system. Products with internet connectivity have been gaining popularity and this trend is expected to continue over the forecast period.
The entertainment industry has been witnessing significant changes due to growing technological advancements resulting in dynamic product developments offering better picture quality and sound output.
Communications Devices:
The global communications devices and it's usage in home electronics market is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the increasing demand for smart homes, which uses these devices extensively. Additionally, advancements in technologies such as 4G/LTE and 3G/HSPA+, coupled with rising adoption of IP-based networks worldwide are also expected to drive the market growth over the forecast period.
Application Insights:
The household application segment accounted for the largest share of over 60.0% in 2017. The growth is attributed to increasing adoption of smart devices and growing demand for entertainment systems at homes, especially in emerging economies such as India, China and Brazil. Furthermore, rising penetration of high-speed internet has boosted the sales of electronic products such as smart TVs and set-top boxes (STB). Moreover, with the help of OTT services providers like Netflix and Hulu+, people are able to access a larger amount of premium content from anywhere anytime. This is further driving the demand for home electronics across households globally.
The office & school application segment accounted for a significant market share in 2017 owing to increasing use by schools and colleges students globally including U.S., UK, Germany etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The growth is attributed to increasing disposable income, high-speed internet connectivity, and changing lifestyle of individuals. Additionally, rising adoption of smart devices has been fueling the demand for home electronics in this region. Increasing penetration of smartphones and tablets has also contributed to regional growth over the past few years.
North America is expected to witness significant growth over the forecast period owing to increasing consumer preference for technologically advanced products coupled with growing popularity of social media websites such as Facebook and Twitter among individuals living in U.S., Canada, and Mexico countries respectively will drive regional demand for home electronics gadgets such as laptops/netbooks; mobile phones; digital cameras; portable music players & speakers etc.
Growth Factors:
- Increasing demand for smart home devices
- Rising disposable income of consumers
- Proliferation of online retail platforms
- Growing trend of home automation
- Advances in digital technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Electronics Market Research Report
By Type
Entertainment Devices, Communications Devices, Home-office Devices, Others
By Application
Household, Office & School, Others
By Companies
Apple, Samsung, Xiaomi, Panasonic, Electrolux, LG Electronics, Sony, Hitachi, Toshiba, Huawei, Philips, Hewlett Packard, Robert Bosch, Whirlpool, Haier, Midea Group, Miele, SMEG, Arcelik, iRobot, Hoover Candy Group, Vestel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Home Electronics Market Report Segments:
The global Home Electronics market is segmented on the basis of:
Types
Entertainment Devices, Communications Devices, Home-office Devices, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Office & School, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apple
- Samsung
- Xiaomi
- Panasonic
- Electrolux
- LG Electronics
- Sony
- Hitachi
- Toshiba
- Huawei
- Philips
- Hewlett Packard
- Robert Bosch
- Whirlpool
- Haier
- Midea Group
- Miele
- SMEG
- Arcelik
- iRobot
- Hoover Candy Group
- Vestel
Highlights of The Home Electronics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Entertainment Devices
- Communications Devices
- Home-office Devices
- Others
- By Application:
- Household
- Office & School
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Electronics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Home electronics are electronic devices and components that are used in the home, such as televisions, radios, DVD players, and stereos.
Some of the key players operating in the home electronics market are Apple, Samsung, Xiaomi, Panasonic, Electrolux, LG Electronics, Sony, Hitachi, Toshiba, Huawei, Philips, Hewlett Packard, Robert Bosch, Whirlpool, Haier, Midea Group, Miele, SMEG, Arcelik, iRobot, Hoover Candy Group, Vestel.
The home electronics market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Electronics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Electronics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Electronics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Electronics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Electronics Market Size & Forecast, 2018-2028
4.5.1 Home Electronics Market Size and Y-o-Y Growth
4.5.2 Home Electronics Market Absolute $ Opportunity
Chapter 5 Global Home Electronics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Home Electronics Market Size Forecast by Type
5.2.1 Entertainment Devices
5.2.2 Communications Devices
5.2.3 Home-office Devices
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Home Electronics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Home Electronics Market Size Forecast by Applications
6.2.1 Household
6.2.2 Office & School
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Electronics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Electronics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Home Electronics Analysis and Forecast
9.1 Introduction
9.2 North America Home Electronics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Home Electronics Market Size Forecast by Type
9.6.1 Entertainment Devices
9.6.2 Communications Devices
9.6.3 Home-office Devices
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Home Electronics Market Size Forecast by Applications
9.10.1 Household
9.10.2 Office & School
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Home Electronics Analysis and Forecast
10.1 Introduction
10.2 Europe Home Electronics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Home Electronics Market Size Forecast by Type
10.6.1 Entertainment Devices
10.6.2 Communications Devices
10.6.3 Home-office Devices
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Home Electronics Market Size Forecast by Applications
10.10.1 Household
10.10.2 Office & School
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Home Electronics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Home Electronics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Home Electronics Market Size Forecast by Type
11.6.1 Entertainment Devices
11.6.2 Communications Devices
11.6.3 Home-office Devices
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Home Electronics Market Size Forecast by Applications
11.10.1 Household
11.10.2 Office & School
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Home Electronics Analysis and Forecast
12.1 Introduction
12.2 Latin America Home Electronics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Home Electronics Market Size Forecast by Type
12.6.1 Entertainment Devices
12.6.2 Communications Devices
12.6.3 Home-office Devices
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Home Electronics Market Size Forecast by Applications
12.10.1 Household
12.10.2 Office & School
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Home Electronics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Home Electronics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Home Electronics Market Size Forecast by Type
13.6.1 Entertainment Devices
13.6.2 Communications Devices
13.6.3 Home-office Devices
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Home Electronics Market Size Forecast by Applications
13.10.1 Household
13.10.2 Office & School
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Electronics Market: Competitive Dashboard
14.2 Global Home Electronics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 Samsung
14.3.3 Xiaomi
14.3.4 Panasonic
14.3.5 Electrolux
14.3.6 LG Electronics
14.3.7 Sony
14.3.8 Hitachi
14.3.9 Toshiba
14.3.10 Huawei
14.3.11 Philips
14.3.12 Hewlett Packard
14.3.13 Robert Bosch
14.3.14 Whirlpool
14.3.15 Haier
14.3.16 Midea Group
14.3.17 Miele
14.3.18 SMEG
14.3.19 Arcelik
14.3.20 iRobot
14.3.21 Hoover Candy Group
14.3.22 Vestel
