Consumer Electronics – Definition, List of Companies
What is Consumer Electronics (Definition), List of Consumer Electronics Companies and Brands, Market and Industry Analysis.
Consumer Electronics refers to electronic equipment, gadgets, devices and appliances that are used by an individual in day-to-day life.
They are not meant for commercial use. (But people are free to use them commercially as well).
Such Products include – Audio and Video Systems, TV (Television), Computer, Laptop, Digital Camera, DVD Players, Home and Kitchen Appliances, GPS, Mobiles Phones etc.
What is Consumer Electronics (Definition)
Consumer Electronics refer to Electronic equipment, tools, devices and gadgets such as televisions, computers, mobile phone or smartphones, kitchen and home appliances etc, meant for personal use and not for any commercial use.
These gadgets and devices have now become an integral part of modern-day human life and play indispensable role in fast connectivity and convenience, and unlimited entertainment.
Consumer Electronics Industry and Market
The Global consumer electronics Industry and Market suffered slight setback from 2011 to 2014 and during the COVID lock-down. But after 2014 and Covid, the industry is gaining growth because of high demands from highly populated countries like China and India. Demand in Europe has also improved significantly.
Recovering and booming economy in certain countries and launch of new products with futuristic technology provides a good future to the industry.
Increased demand of latest smartphones and advancement of wireless communication technology such as 3G, 4G and 5G is also good for the industry.
People also wish to replace their old electronic appliances with new appliances with latest technology. For example people using 2G feature phone are buying 3G and 4G smartphones. People using 4G are now buying 5G smartphones. Traditional Flat Panel Television are now getting replaced by LCD and LED TVs and Smart TVs. All these factors will fulfill demand and growth in the Industry.
Major Consumer Electronics Products Worldwide
| Multimedia | Communication | Computing | Gaming |
| TV, Streaming Devices, Smart Remote | Smartphones, Accessories | Tablets | Drones |
| Video Players | Feature Phones | Laptops, Desktop PCs | Gaming Consoles |
| Speakers, Headphones | Landline Phones | Printers | VR Headsets |
| Digital Camera | Computer Accessories |
Top 10 Consumer Electronics Consumption Countries (%)
| # | Country | Market Share (%) |
| 1. | USA | 20-25% |
| 2. | China | 18-20% |
| 3. | Japan | 12-14% |
| 4. | Germany | 8-10% |
| 5. | South Korea | 7-8% |
| 6. | UK | 6-8% |
| 7. | France | 5-6% |
| 8. | India | 4-5% |
| 9. | Brazil | 3-4% |
| 10. | Russia | 3-4% |
Top 10 Consumer Electronics Companies in the World
The global consumer electronics industry is dominated by Japanese and South Korean companies. The Top 10 companies and best brands are:
| 1. Sony | 2. Toshiba |
| 3. Panasonic | 4. Samsung |
| 5. LG | 6. Microsoft |
| 7. Apple | 8. Intel |
| 9. IBM | 10. Fujitsu |
Consumer Electronics Association – CEA (Now CTA)
CEA now CTA, is an association of companies from around the world. This association helps manufacturers to share and exchange knowledge and information on latest emerging technologies and industry news, trends, market forecasts and emerging technologies.
Conclusion
With ever evolving technology and innovations, consumer electronics continue to revolutionize our daily lives with convenience and better connectivity. Stay tuned for the never ending excitement.
FAQs: Consumer Electronics
How do consumer electronics impact daily life?
Consumer electronics have transformed our daily life by providing convenience, entertainment, and connectivity. They allow us to communicate, work, access information, and enjoy media with ease, enhancing productivity and leisure.
What are some popular consumer electronics brands?
Prominent consumer electronics brands include Apple, Samsung, Sony, LG, Microsoft, and Bose. These companies produce a variety of innovative devices that cater to different aspects of modern living.
How do I choose the right consumer electronics for my needs?
Consider factors such as intended use, features, budget, and brand reputation when selecting consumer electronics. Read online reviews, compare specifications, and assess your requirements to make an informed decision.
Are there any environmental concerns related to consumer electronics?
Yes, there are environmental concerns due to e-waste generated by discarded consumer electronics. Proper disposal and recycling are essential to mitigate the negative impact. Look for products that use RoHS Consumables with eco-friendly certifications and support recycling initiatives.
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