Global Consumer Electronics Market Report 2023-2028: Rising Demand for Convenience, Availability, and Reachability of Embedded Biometrics Fuels Growth

Dublin, April 21, 2023 (GLOBE NEWSWIRE) -- The "Global Consumer Electronics Market (2023-2028) by Product, Sales Channel, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to * ResearchAndMarkets.com's* offering.

The Global Consumer Electronics Market is estimated to be USD 1.23 Tn in 2023 and is expected to reach USD 1.90 Tn by 2028, growing at a CAGR of 9.04%.

*Market Dynamics*

Drivers

· Rising Demand for Convenience, Availability, and Reachability of Embedded Biometrics
· Increasing Deployment of Biometric Technology in Various Government Projects
· Advancing Economies and Spreading Urbanization

Restraints

· Low Penetration in Less-Development Countries

Opportunities

· Technological Advancement such as IoT, AI, ML
· Rising Focus on Advanced Energy-Efficient Products

Challenges

· Increased Counterfeiting Product

*Market Segmentations*

The Global Consumer Electronics Market is segmented based on Product, Sales Channel, and Geography.

· By Product, the market is classified into Consumer Electronic Devices, Wearable Devices, and Smart Home Devices.
· By Sales Channel, the market is classified into Shipping Vessels, Drilling Rigs & Production Platforms, Fishing Boats, Yachts, Mooring Lines, and Inland Waterway Transport.
· By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

*Company Profiles*

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are 3M Company, Godrej Group, Infineon Technologies AG, Koninklijke Philips N.V., LG Electronics Inc., Robert Bosch GmbH, Samsung Group, Siemens Biometrics, etc.

*Countries Studied*

· America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
· Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
· Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
· Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

*Competitive Quadrant*

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

*Ansoff Analysis*

The report presents a detailed Ansoff matrix analysis for the Global Consumer Electronics Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Consumer Electronics Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

*Why buy this report?*

· The report offers a comprehensive evaluation of the Global Consumer Electronics Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
· The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
· The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
· The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
· The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

*Report Highlights:*

· A complete analysis of the market, including the parent industry
· Important market dynamics and trends
· Market segmentation
· Historical, current, and projected size of the market based on value and volume
· Market shares and strategies of key players
· Recommendations to companies for strengthening their foothold in the market

*Key Attributes:*

*Report Attribute* *Details*
No. of Pages 185
Forecast Period 2023 - 2028
Estimated Market Value (USD) in 2023 $1.23 Trillion
Forecasted Market Value (USD) by 2028 $1.9 Trillion
Compound Annual Growth Rate 9.0%
Regions Covered Global

*Key Topics Covered:*

*1 Report Description*

*2 Research Methodology*

*3 Executive Summary*

*4 Market Dynamics*

*5 Market Analysis*

*6 Global Consumer Electronics Market, By Product*

*7 Global Consumer Electronics Market, By Sales Channel*

*8 Americas' Consumer Electronics Market*

*9 Europe's Consumer Electronics Market*

*10 Middle East and Africa's Consumer Electronics Market*

*11 APAC's Consumer Electronics Market*

*12 Competitive Landscape*

*13 Company Profiles*

*14 Appendix*

*Companies Mentioned*

· 3M Company
· Amica Wronki S.A.
· Biometrics Research Group, Inc.
· BORK Electronic GmbH
· Bosch Group
· Electrolux AB
· Godrej Group
· Haier lnc.
· Hitachi Appliances, Inc.
· IDEX Biometrics ASA
· Infineon Technologies AG
· Koninklijke Philips N.V.
· LG Electronics Inc.
· Midea Group
· NEC Corp.
· Panasonic Corp.
· Princeton Identity
· Qualcomm Inc.
· Robert Bosch GmbH
· Safran S.A.
· Samsung Group
· Siemens Biometrics
· Whirlpool Corp.

For more information about this report visit https://www.researchandmarkets.com/r/x7ot11

*About ResearchAndMarkets.com*
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*Attachment*

· Global Consumer Electronics Market

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