Market Insights Consumer Consumer Electronics TV Peripheral Devices

Video Players - Baltics

Baltics

The Video Players market in the Baltics is projected to generate a revenue of US$4.2m in 2024.
This market segment is expected to experience an annual growth rate of -1.76%, as measured by the Compound Annual Growth Rate (CAGR) from 2024 to 2029.
When compared globally, in the United States leads in revenue generation, reaching US$481.1m in 2024.
In terms of per capita figures, the Video Players market in the Baltics is estimated to generate revenues of US$0.74 per person in 2024.
Looking ahead, the volume in the Video Players market is projected to reach 47.2k pieces by 2029.
However, a slight decline of -4.5% in volume growth is expected in 2025.
On average, each person in the Baltics is anticipated to have a volume of 0.0pieces in the Video Players market in 2024.
In the Baltics, the market for video players is dominated by local brands that cater to the region's preference for high-quality and user-friendly products.

Key regions: Canada, Brazil, Europe, China, United Kingdom

Market

Region

Region comparison

Currency

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on electronic and digital devices used privately either for entertainment (televisions, game consoles, smart speakers, etc.), communication (telephones, smartphones, etc.) or home-office activities (printers, copiers, etc.).

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, number of internet users, smartphone penetration rate, household number and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting electronic products due to the non-linear growth of technology adoption and regular product upgrade. The main drivers are GDP per capita, consumer spending per capita, and 5G penetration rate.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.