Consumer – Page 2

USD 2.12 bn Growth in Consumer Electronics and Home Appliances Market in India

March 16, 2022 Audrey

Consumer Electronics and Home Appliances Market in India: Driver

The increasing demand for premium appliances will fuel the growth of the consumer electronics and home appliances market in India during the forecast period. The growing importance of consumer electronics and home appliances is resulting in the demand for unique and premium consumer electronics. Premium appliances are equipped with smart features that match the societal status of upper-class households. The increasing number of high-net-worth individuals (HNWIs) is driving the demand for luxury consumer electronics and home appliances in developing economies and fueling the market growth.

Consumer Electronics and Home Appliances Market in India: Challenge

Compliance costs will challenge the growth of the consumer electronics and household appliances market in India. The consumer electronics and home appliances market has been experiencing an increase in cost burden due to the evolving nature of compliances prescribed by the government in recent years. This cost burden is ultimately passed on to consumers, thus making products unaffordable and having a detrimental impact on their demand. These factors will challenge the growth of the market during the forecast period.

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Consumer Electronics and Home Appliances Market in India: Vendor Analysis

The consumer electronics and home appliances market in India is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The key offerings of some of the vendors are listed below:

AB Electrolux – As the key products, the company provides several products such as washing machine(Front Load Washer with SmartBoost and others.
Haier Smart Home Co. Ltd. – As the key products, the company offers several home appliances such as washing machines, laundry care, and others.
Hitachi Ltd. – As the key products, the company offers washing machines, fridges, air conditioners, and others.
Koninklijke Philips NV – As the key products, the company offers heaters, washing machines, fridges, sound systems, and others.
LG Electronics Inc. – As the key products, the company offers heaters, washing machine, fridge, sound systems, and others.

Consumer Electronics And Home Appliances Market In India: Segmentation Analysis

This report segments the consumer electronics and home appliances market in India by product (consumer electronics and home appliances) and market landscape (freestanding and built-in). The consumer electronics and home appliances market share growth in India by the consumer electronics segment will be significant during the forecast period.

Learn about the contribution of each segment of the consumer electronics and home appliances market in India. Request a Free Sample Report

Coffee Machine Market by End-user and Geography – Forecast and Analysis 2022-2026

Consumer Electronics And Home Appliances Market In India Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum &

3D Printed Electronics Market to Reach US$ 6 Bn by 2031; Widespread Application in Consumer Electronics to Generate Massive Revenues: TMR Study

January 31, 2022 Audrey

ALBANY, N.Y., Jan. 27, 2022 /PRNewswire/ — 3D printing is gathering traction among technology companies for prototyping of PCBs and numerous other electronic components. 3D printing of electronics has allowed many businesses to gain design freedom and shift to in-house production. The global 3D printed electronics market is projected to advance at CAGR of 31.26% during the forecast period of 2021–2031.

Rise in consumer demand for flexible electronics is fueling prospects of the 3D printed electronics market. An ever-growing trend of miniaturization of electronic components, especially for flexible electronics and wearables, is thus bolstering the revenue prospects, assert analysts in a TMR study on the 3D printed electronics market.

The preference of 3D printing in making glass-free electrophoretic displays (EPD)-based flexible and OLED displays has spurred the opportunities. Revenues in the overall consumer electronics sector are projected to expand at rapid pace. TMR analysts analyzing the revenue potential in various end-use industries found that the segment is estimated to advance at CAGR of 31.58% from 2017 to 2031.

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Key Findings of 3D Printed Electronics Market Study

Automotive Industry to Present Massive Revenue Gains: Rise in 3D printed electronics in making several automotive components with greater design freedom. Of note, advancements in 3D printed materials and technology have enabled companies to meet the complex geometries and accurate configurations of automotive electronics. Other benefits include faster turnaround time and reduced cost of production. The technology is gaining attention among automotive, aerospace, and defense manufacturers owing to the freedom of customization for automotive electronics and faster time-to-market.

An in-depth study on the 3D printed electronics market has found the automotive industry replete with opportunities, and has projected the segment to advance at CAGR of 31.67% during the forecast period.

Substantial Demand for 3D-printed Flexible Displays and Wearables Spur Market Growth: Companies in the 3D printed electronics market have ramped up their investments to explore the potential of 3D printing in manufacture of sensors and circuit boards. The trend has gained momentum with advancements in 3D printers and additive manufacturing technologies, thereby propelling the sales revenue for companies in the market. Furthermore, the proliferating demand for next-gen flexible electronics and wearable for healthcare industry has opened up vast opportunity for them. A case in point is growing popularity of 3D printing methods for bendable OLED TVs.

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3D Printed Electronics Market: Regional Growth Dynamics

Globally, Asia Pacific is projected to witness remarkable opportunities during the forecast period. The growth of the Asia Pacific 3D printed electronics market is underpinned by substantive demand for products in several end-use industries notably in consumer electronics and automotive. Moreover, prominent players in the regional market have boosted R&D activities in 3D printed electronics, thereby extending the scope of commercialization of innovative products.

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3D Printed Electronics Market: Key Drivers

The proliferation of Internet of Things (IoT) devices

Global Plastics in Consumer Electronics Fibers Market (2021 to 2028)

November 17, 2021 Audrey

DUBLIN, Nov. 12, 2021 /PRNewswire/ — The “Plastics in Consumer Electronics Market Size, Share & Trends Analysis Report By Product (PC, PC/ABS), By Application (Laptop Monitor Enclosures, Wearables), By Region, And Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.

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The global plastics in consumer electronics market size is expected to reach USD 7.70 billion by 2028. The market is expected to expand at a CAGR of 3.8% from 2021 to 2028. Increasing demand from the smartphone & wearable products industry is anticipated to fuel the demand for plastics in consumer electronics. The smartphone market offers opportunities for usage of a variety of plastic resins, such as Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), and Polymethyl Methacrylate (PMMA), as they are used for manufacturing housings for electronic devices, mounting frames, display frames, and vibration cushions that are lightweight and durable.

Proximity to raw material suppliers and low labor costs are attracting consumer electronics manufacturers in China. The presence of several key consumer electronics manufacturers is anticipated to create significant demand for plastics. Furthermore, increasing demand for appliances in India is anticipated to boost product demand across the electronics industry. In addition, rapid urbanization is expected to propel the demand for mobile phones, laptops, television, and other electronic appliances across India.

Metal alloys have been vastly used for manufacturing electronic components. Alloys are preferred due to their durability and better heat-conducting property. For example, aluminum alloys of grade 7000 series and 6000 series are used mainly in the chassis of laptops or sometimes for their entire casing. For instance, the bottom chassis of Apple’s Mac book is made up of aluminum. iPhone and iPad bodies are made of aluminum alloys as well.

The technology lifespan of consumer electronics is less as post the launch of the product, the competitors undergo reverse engineering processes to develop a similar or updated version of the technology. Hence, the older versions of products are often discarded by consumers. With the growth of technologically advanced equipment, there is no significant system to manage the discarded old products, which has resulted in the growth of e-waste.

Plastics in Consumer Electronics Market Report Highlights

In terms of revenue, the PC product segment accounted for the largest share in 2020 and is projected to expand further at a steady CAGR over the forecast period
The laptop monitors enclosures segment dominated the market and accounted for more than 22% of the overall revenue share in 2020
In 2020, the Asia Pacific region accounted for the maximum revenue share of the global market and will expand further at the fastest CAGR from 2021 to 2028
This growth is credited to the presence of a well-established manufacturing base for electrical & electronics in China, Japan, and South Korea
Major players are continuously working on developing bio-degradable polymers owing to the rising environmental concerns
For instance, in November 2020, SABIC announced the expansion of its product portfolio of Cycoloy & Lexan

Consumer Electronics and Home Appliances Market in India Research Report Highlights the Key Findings in the Area of Vendor Landscape, Key Market Segments, Regions, and Latest Trends and Drivers |Technavio

November 15, 2021 Audrey

NEW YORK, Nov. 12, 2021 /PRNewswire/ — The latest consumer electronics and home appliances market in India research report by Technavio infers that the increasing demand for premium appliances is driving this market’s growth.

Attractive Opportunities in Consumer Electronics and Home Appliances Market in India by Product and Style - Forecast and Analysis 2021-2025 — Attractive Opportunities in Consumer Electronics and Home Appliances Market in India by Product and Style – Forecast and Analysis 2021-2025

Resulting in market growth of USD 2.12 billion from 2020 to 2025, read additional information about the market. Fill the Form and get a FREE sample report.

Vendor Landscape

The market structure is expected to remain fragmented during the forecast period. Vendors operating in the market are adopting various marketing and growth strategies such as competitive pricing to compete in the market.

AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., Koninklijke Philips NV, LG Electronics Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sony Corp., Toshiba Corp., and Whirlpool Corp. are some of the few key vendors of this market. Vendors are competing to maintain their market position in the market. To succeed in this market, vendors must focus on providing consumer electronics and home appliances market in India at competitive prices.

Vendors are also trying to expand their market presence and strengthen their product portfolio by entering partnerships and launching new and innovative products.

For instance- In March 2021, Hitachi Ltd. introduced its wide range of products such as elevators, including the world’s fastest elevator and escalators at Global Lift and Escalator Expo 2021 Virtual (GLE Expo 2021 Virtual) held online by Virgo Communications and Exhibitions Pvt Ltd.

View more about the market’s vendor landscape highlights with a comprehensive list of vendors and their offerings.

Key Market Segmentation

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Revenue Generating Segment

The consumer electronics and home appliances market share growth in India by the consumer electronics segment will be significant during the forecast period. With the increasing number of high-net-worth individuals (HNWIs), the demand for luxury consumer electronics and home appliances is growing in the developing economies and fueling the market growth.

Download our FREE sample report for more key highlights on all major segments.

Latest Drivers and Trends Driving the consumer electronics and home appliances market in India

The increasing demand for premium appliances is one of the primary factors that will fuel the growth of the consumer electronics and home appliances market in India during the next few years. The growing importance of consumer electronics and home appliances is encouraging the demand for unique and premium consumer electronics. Premium appliances are equipped with smart features that match the societal status of upper-class households.

To provide increased convenience, vendors are integrating smart features that will influence the consumers’ buying decisions. These smart connected products reduce manual labor and can be controlled and operated through smartphones. Smart devices are being integrated with the IoT technology that integrates digital and wireless technology and will enable consumers to connect their household appliances using their smartphones and the Internet

3 Consumer Electronic Industry Trends Shaping Our Lives

November 4, 2021 Audrey

Opinions expressed by Entrepreneur contributors are their own.

Consumer electronics stands as one of the biggest industries that showcase technological advancements most clearly. Today, most people have devices in their homes that would have only been available to the biggest research laboratories and the ultra-wealthy in the most recent past. As technological capability continues to grow, manufacturers are in a race to roll out devices that can change the quality of life.

The past few years have been a particularly active period in the industry. First, the pace of tech advancement has increased exponentially, along with the number of companies involved in producing the devices. In addition, a variety of events have shaped the direction of innovation, shifting the focus of big and small manufacturers alike to certain areas. These trends are a big opportunity for everyone in the industry, from large-scale manufacturers to small startups and their investors. Those who can get ahead of the curve will be able to reap the benefits of meeting increasingly large and seemingly endless customer demand. That demand is estimated to cross $1.5 trillion in five years.

Health tech

This sector of the industry has been driven to prominence recently in large part by the global pandemic. Companies have worked hard to provide new devices that can be used to safeguard people from illness. Those devices have spanned the gamut, from smart face masks that provide N95-grade protection while also delivering UV sterilization and voice projection to robots that can disinfect spaces autonomously.

There has also been a trend toward telemedicine and health monitoring, with McKinsey projecting that the market will reach $250 billion soon. Many smartwatch brands have included more sensors on their products for more holistic health tracking, and AI monitoring systems for elderly people have also been deployed to automatically raise alerts when they sense any health issues, even if the affected person is unable to do so themselves.

Related: 5 Ways Technology Is Changing Ecommerce

Remote life and DIY

Nowadays, up to 71% of people are working from home, according to Pew Research. That’s an amazing increase from recent years, and the consumer electronics industry has been providing just the devices to facilitate that for all parties involved, from employees and workplace supervisors to students and schoolteachers. Ergonomically-designed furniture with controls to change the fit at any time are now commonplace, and screen technology to deliver crisp viewing experiences with minimal eye fatigue can also be seen in an increasing number of home offices.

As many people have also begun to handle most of their tasks themselves, companies have also begun to provide tools to facilitate the growing DIY trend. Several companies, including Samsung, have shown off domestic robots that can handle everything from dishwashing to laundry and potentially serving drinks. For more hands-on people, getting access to tools like battery-powered cordless airbrushes allows even novices to take on home improvement projects, and other similar items are now attainable as prices have dropped despite expanding feature

1.30% CAGR in Consumer Electronics and Home Appliances Market in India |Technavio

October 28, 2021 Audrey

NEW YORK, Oct. 26, 2021 /PRNewswire/ — The consumer electronics and home appliances market in India is set to grow by USD 2.12 bn, progressing at a CAGR of 1.30% from 2021 to 2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Read our Sample Report to explore growth opportunities in the consumer electronics and home appliances market in India.

The consumer electronics and home appliances market in India is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report covers the following areas:

Consumer Electronics and Home Appliances Market in India 2021-2025: Segmentation

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Consumer Electronics and Home Appliances Market in India 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, the consumer electronics and home appliances market in India provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., Koninklijke Philips NV, LG Electronics Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sony Corp., Toshiba Corp., and Whirlpool Corp.

Factors such as increasing demand for premium appliances, growth in government initiatives for electronic products, and rising changes in the design of home architecture will offer immense growth opportunities. However, compliance costs, data security issues associated with smart consumer electronics and home appliances, and regulations and standards set for safety issues will hamper the market growth.

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Consumer Electronics and Home Appliances Market in India 2021-2025: Key Highlights

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist consumer electronics and home appliances market in India growth during the next five years
Estimation of the consumer electronics and home appliances market size in India and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the consumer electronics and home appliances market in India
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of consumer electronics and home appliances market vendors in India

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