Consumer Electronics Report 2020

Statista Consumer Market Outlook

Consumer Electronics Report 2020 The Consumer Electronics market is driven by constant innovations and transformations, some of which include the steady introduction of the 5G mobile network, 5G compatible smartphones, and smart devices. The market is divided into five segments: TV, Radio & Multimedia, TV Peripheral Devices, Drones, Telephony and Computing. Overall, Consumer Electronics generated US$1,032 billion in revenues worldwide in 2019, and by 2025, this is forecast to rise to US$1,160 billion.

What's included?
  • Market Overview and performance drivers
  • Consumer insights and trends
  • Key players
  • Segments Overview
  • KPI comparison: Revenue, volume sales and growth rate
  • Country and regional rankings
  • Market forecasts

DescriptionContentTables

The Consumer Electronics market is divided into five segments: TV, Radio & Multimedia, TV Peripheral Devices, Drones, Telephony and Computing. In this report, growth potentials, market drivers, consumer insights, key companies and future developments in the Consumer Electronics market worldwide will be discussed.

The Telephony segment is by far the largest segment of the Consumer Electronics market. In 2019, it accounted for 48% of the worldwide Consumer Electronics' revenue and 22% of volume sales. In that same year, Telephony sales increased by 4%, in comparison to 2018 and reached US$498 billion. Many consumers in Europe and the United States own high-performance smartphones, and the number of competitors in the market has increased significantly; an increase which is particularly led by Chinese manufacturers like Xiaomi.

Coming a not-so-close second is the Computing segment whose revenue is forecast to reach approximately US$296 billion by 2025; a steady increase from about US$279 billion in 2019. In this same year, the segment accounted for 27% of the worldwide Consumer Electronics' revenue; with its revenue increasing by 0.7%, in comparison to 2018.

The TV, Radio & Multimedia segment is the third largest segment of the Consumer Electronics market. Revenue accruing from this segment is forecast to increase by approximately US$34 billion between 2019 and 2025, and this predicted year-on-year growth is largely driven by televisions and smart devices, like smart speakers.

The revenue of the TV Peripheral Devices segment is predicted to amount to US$11 billion by 2025, up from US$8 billion in 2019. The Smart Streaming Devices subsegment in this segment is set to account for 89% of revenues accruing from TV Peripheral Devices by 2025; an increase from 45% in 2019.

In this report, you will find out more about:

  • Market segmentation and how the Telephony segment dominates the market thanks to sales of mobile phones
  • Various market drivers, like smartphone and smart home penetration and their crucial impact on the overall market
  • The role that intelligent devices, an optimal picture and sound quality for a cinematic TV experience and independent media streaming play for a global customer
  • Key players like Apple and Samsung and how their competition is getting fiercer with Chinese manufacturers entering the market and sporting high growth rates
  • Leading market trends like digital ecosystems, virtual and augmented reality, shy technology, and OLED displays

  • Language: English
  • Released: August 2020
More than 7,500
companies
trust
Statista
Recommended studies and dossiers
Recent studies and dossiers
You may also be interested in...
Statista is a great source of knowledge, and pretty helpful to manage the daily work.

Christof Baron about Statista CEO, MindShare Germany

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!