How Will The Electronic Products Market Expand Through 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Electronic Products Global Market Report 2023, the electronic products market is expected to show significant growth in the forecast period.
Key insights from the electronic products market forecast include:
- Market Size
The worldwide electronic products market is forecasted to reach $1275.34 billion in 2023, with a 7.5% CAGR. By 2027, the market size is anticipated to reach $1657.45 billion, with a 6.8% CAGR.
- Major Driver
Stable global economy supports electronic products market growth. IMF reported 3.3% and 3.4% GDP growth in 2020 and 2021. Recovering commodity prices and consistent growth in developed economies aid the market. Emerging markets grow faster, driving investments and market growth.
View More On The Electronic Products Market Report 2023 – https://www.thebusinessresearchcompany.com/report/electronic-products-global-market-report
- Key Trend
Due to increased theft, video equipment firms produce motion-detecting CCTV cameras, which use less power and only activate when detecting movement. This cost-effective surveillance solution is offered by major companies like Sony, Samsung, Honeywell, and Panasonic.
- Major Players
Major companies in the electronic products market include Samsung Electronics Co. Ltd., Taiwan Semiconductor Mfg. Co Ltd., SK Hynix Inc., Qualcomm, Hon Hai Precision Industry, Micron Technology Inc., LG Display Co Ltd., Intel Corporation, Sony Corp and Broadcom Ltd.
- Top Market Segments
The global electronic products market is segmented –
1) By Type: Audio And Video Equipment, Semiconductor And Other Electronic Component
2) By End-Use: B2B, B2C
3) By Sales Channel: OEM, Aftermarket
4) By Mode: Online, Offline
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The Electronic Products Global Market Report 2023 provides an in-depth analysis on the electronic products market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the electronic products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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