The Global Electronic Products Market Report by The Business Research Company covers electronic products market drivers and restraints, electronic products market size, major players, and the impact of COVID-19 on the electronic products market.

The electronic products market consists of sales of electronic products by entities (organizations, sole traders and partnerships) that produce electronic products. These include semiconductors, audio and video equipment and other electronic components. Electronic products are electronic devices that store, generate or transmit information in electronic form. These are components used for controlling the flow of electrical currents for information processing and system control. Electronic products include televisions, speaker systems, household-type video cameras, jukeboxes, and amplifiers for musical instruments are used for various applications such as entertainment and communication.

The global electronic products market reached a value of nearly $1,191.2 billion in 2020, having increased at a compound annual growth rate (CAGR) of 5.4% since 2015. The market is expected to increase from $1,191.2 billion in 2020 to $1,653.2 billion in 2025 at a rate of 6.8%. The increase is mainly due to the lockdown increasing demand for various electronic products as employees and students have switched to the online mode. The electronic products market is expected to grow from $1,653.2 billion in 2025 to $2,169.6 in 2030 at a CAGR of 5.6%.

The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electronic products and applications. Technological development is key for attracting both consumers and business users for either replacing or upgrading the older products with advanced versions. Digital technologies such as the internet of things (IoT) and latest communication technologies such as 5G are expected to aid in the development of innovative electronic products. This is expected to increase the demand for electronic products which will ultimately drive the market for electronic products during the forecast period. Increasing use of next-generation mobile networks, such as 4G and 5G will increase demand for integrated circuits thus driving the growth of the electronic products market. Use of next-generation mobile networks requires the installation of new infrastructure. Chipsets such as radio frequency integrated circuits, system on chips, application specific integrated circuits, cellular integrated circuits, and millimeter-wave integrated circuits are mainly used in the development of 5G infrastructure, which creates a high demand for integrated circuits.

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Some electronic products market trends include increased demand for 360-degree dual camera is increasing as it can shoot or capture videos in all directions, giving a 360-degree view to viewers. Moreover, the rising demand for curved TVs is being driven by consumer preference for better viewing. A curved screen allows for a more immersive experience, as the curved shape allows the viewer to fill more of their field of view, and also provides a wider viewing angle.

Global electronic products market segments include:

1) By Type: Audio And Video Equipment, Semiconductor And Other Electronic Component

2) By End-Use: B2B, B2C

3) By Sales Channel: OEM And Aftermarket Semiconductor, Other Electronic Components

4) By Mode: Online, Offline

5) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Electronic Products Opportunities and Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides electronic products market overviews, analyzes and forecasts market size, share, electronic products market players, electronic products market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The electronic products identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Electronic Products Opportunities and Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Samsung Electronics Co ltd, Intel, Taiwan Semiconductor Mfg. Co ltd, SK Hynix Inc., Micron Technology Inc

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Electronic Products Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Electronic Products Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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Here is a list of reports from The Business Research Company similar to the Electronic Products Global Market Report 2021:

Electrical And Electronics Global Market Report 2021

Semiconductor And Other Electronic Component Global Market Report 2021

Audio And Video Equipment Global Market Report 2021