Global Electronic Products Market Study by Type, End-Use, Sales Channel and Mode of Sale Forecast to 2030

Bharat Book Bureau Provides the Treding Market Research Report on "Electronic Products Global Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery" under Consumer Goods Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.

Global Electronic Products Market Opportunities And Strategies To 2030: COVID-19 Impact and Recovery
Including: By Type: Audio And Video Equipment; Semiconductors And Other Electronic Component 
By End-Use: Business To Business (B2B); Business To Customer (B2C)
By Sales Channel: OEM; Aftermarket 
By Mode Of Sale: Online; Offline
Covering: Samsung Electronics Co ltd; Intel; Taiwan Semiconductor Mfg. Co ltd; Micron Technology Inc.; SK Hynix Inc.

This report describes and evaluates the global 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 audio and video equipment and semiconductors and other electronic components. It covers 2015 to 2019, termed the historic period, and 2019 to 2023 termed the forecast period, along with further forecasts for the periods 2023-2025 and 2025-2030.

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The global electronic products market reached a value of nearly $1,097.7 billion in 2019, having increased at a compound annual growth rate (CAGR) of 4.6% since 2015. The market is expected to decline from $1,097.7 billion in 2019 to $1,042.7 billion in 2020 at a rate of – 5%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is expected to grow from $1,078.3 billion in 2021 to $1,201.1 in 2023 at a CAGR of 5.5%. The market is expected to stabilize and reach $1,333.2 billion in 2025 and $1,713.6 billion in 2030.

Growth in the historic period resulted from rising disposable income, increased popularity of audio and video broadcasting, growth in e-commerce for consumer electronics, increased internet penetration, low interest rate environment, technology development, high investments, and increasing usage of TVs. Factors that negatively affected growth in the historic period were volatile metal prices and changes in consumer preferences.

Going forward, innovations in electronic products, development of smart cities, growing demand for wireless audio devices and smart TVs, increase use of electronic devices, rising demand of smartphones and tablets, rising demand for electronic components in display devices, and increasing adoption of internet of things (IoT) are expected to drive the market. Rising interest rates, shrinking product life cycles, changing regulations, corruption of the memory chip, rising costs, shortage in electronic components supply, complexity in the automotive IC's design, and coronavirus pandemic are major factors that could hinder the growth of the electronic products market in the future.

The electronic products market is segmented by type into audio and video equipment and semiconductor and other electronic components. The semiconductor and other electronic components was the largest segment of the electronic products market by type, accounting for 86.0% of the total market in 2019. Going forward, the semiconductor and other electronic components segment is expected to be the fastest growing segment in the electronic products market, at a CAGR of 2.9%.

The electronic products market is segmented by end-use into business to business (B2B) and business to customer (B2C). The B2B was the largest segment of the electronic products market by end-use, accounting for 87.3% of the total market in 2019. Going forward, the B2B segment is expected to be the fastest growing segment in the electronic products market, at a CAGR of 2.6%.

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