The consumer electronics market is one of the most rapidly developing and innovative sectors driven by transforming requirements of the global consumer. Covering electronic devices used for entertainment and work, consumer electronics include cameras, imaging devices, mobile phones, portable players, gaming consoles, camcorders, personal care products, computers and peripherals, home audio and cinema, in-car entertainment, portable media players, and television and projectors.
Factors such as rising disposable income, economic growth in developing countries, declining prices of consumer electronics and devices, introduction of technologically advanced gadgets, development of innovative mobile technologies, and growing penetration of internet and connected devices are responsible for the growth of the consumer electronics market. Asia Pacific is the leading regional segment in terms of revenue, with China, India, and South Korea contributing greatly towards the development of the global industry.
Some of the leading players contributing towards the growth of the consumer electronics market are Lenovo Group Ltd., Micromax Informatics Ltd., LG Corp., Samsung Corp., Hewlett-Packard Development Co LP, HTC Corp., Sony Corp., Beijing Xiao Mi Co Ltd., Apple Inc., Vodafone Group Plc, Sharp Corp., Acer Inc., Asustek Computer Inc., Canon Inc., Panasonic Corp., Alpine Electronics Inc., and Nokia Group.
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