Consumer Electronics - G7
G7- In 2024, the revenue in the Consumer Electronics market for the G7 countries amounts to US$298.8bn.
- It is projected to grow annually by 1.17% (CAGR 2024-2029).
- The largest segment in the market is Telephony, with a market volume of US$119.9bn in 2024.
- When compared globally, China generates the most revenue in the Consumer Electronics market, with US$198.5bn in 2024.
- In terms of per capita figures, in 2024, each person in the G7 countries generates revenues of US$382.80.
- Looking ahead, the volume in the Consumer Electronics market is expected to reach 2.0bn pieces by 2029.
- Additionally, the market is projected to show a volume growth of 0.8% in 2025.0.
- Furthermore, the average volume per person in the Consumer Electronics market is expected to be 2.4pieces in 2024.
- It is worth noting that these figures pertain specifically to the Consumer Electronics market within the G7 countries.
- In Japan, the Consumer Electronics market is dominated by technology giants like Sony and Panasonic, leading the way in innovation and quality.
- Key regions:
- United States,
- Worldwide,
- India,
- Europe,
- Germany
Definition:
Consumer electronics refers to a range of electronic devices, appliances, and gadgets designed for everyday use by individuals. The market is highly diverse and encompasses various product categories such as personal computing devices, audio and video systems, mobile devices, and smart home technology. These products are developed with the aim of enhancing personal productivity, communication, and entertainment. Technological advancements, shifting consumer preferences, and a growing desire for cost-effective, easy-to-use, and high-performance devices are some of the factors propelling the consumer electronics market.
Structure:
The Consumer Electronics market is segmented into six main segments:
- The Telephony segment includes devices such as smartphones, feature phones, and landline phones. This segment is driven by the increasing demand for mobile devices that enable communication and provide access to the internet.
- The TV, Radio & Multimedia segment includes products such as televisions, radios, digital cameras, speakers, and headphones. This segment is characterized by the demand for high-quality, immersive entertainment experiences.
- The Computing segment includes laptops, desktops, tablets, and other computing devices. These products are designed to meet the needs of individuals for personal and professional computing tasks.
- The TV Peripheral Devices segment includes products such as smart streaming devices, smart remotes, and video players. These products are designed to enhance the TV viewing experience and enable individuals to access content from various sources.
- The Drones segment includes unmanned aerial vehicles (UAVs) that are used for personal purposes. The drone market is driven by the increasing demand for high-quality aerial photography and videography.
- The Gaming Equipment segment includes gaming consoles and VR headsets. This segment is driven by the increasing popularity of video games and the rise of e-sports.
Additional Information:
The market comprises revenue, average revenue per capita, volume, average volume per capita, and price. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like Apple, Samsung, Huawei, HP, Dell, and Sony. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.
In-Scope
- TV, Radio and Multimedia
- Phones
- Computing devices and equipment
- TV Peripheral Devices
- Drones
Out-Of-Scope
- Video game consoles and VR devices
- Household appliances
- Smart remotes with a display or touchscreen
- Smart displays (smart speakers with a touchscreen)
