Consumer Electronics Growth, Size, Share, Industry Report and Forecast 2019-2025

Posted June 5, 2020 by mansi3210

Global Consumer Electronics Market Size, Share & Trends Analysis Report by Product Type , Impact of COVID-19 on Global Consumer Electronics Industry, and Forecast 2019-2025
The growing demand for wireless connectivity in consumer electronics such as smartphones and other devices further contributes to market growth. The smartphone is one of the most widely adopted technologies in recent years. With the first smartphone launched in 1992, the continuous shift both in terms of its price and technological evolution has compelled manufacturers to offer more in terms of price to performance ratio. The huge number of smartphone companies in the market and the wide range of products offered by them have increased the number of users. According to the communications regulator in the UK, Ofcom in 2015, two-thirds of the people in the UK own a smartphone, spending nearly about two hours every day on their phones. As per the Ofcom, for 33% of the internet users, a smartphone is the most important device for their on-going life in contrast to the 30% who use laptops.

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Moreover, the growing demand for wireless charging technology in smartphones further projected to propel the market growth. Wireless reverse charging is a characteristic that makes it possible to use one device to charge another device that supports wireless charging technology and innovative features included in new smartphones that allow to wirelessly charge other devices including smartwatches and other accessories. For instance, in October 2018, Huawei had announced its Huawei Mate 20 Pro to charge other devices that support wireless charging such as the iPhone X. Huawei has been a key player in reverse wireless charging technology and the Mate 20 Pro is the first smartphone to support wireless reverse charging technology. Additionally, Apple may also bring the reverse wireless charging features to its 2019 iPhone.

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Moreover, wireless connectivity in the automotive sector also taking place in recent years that further provides substantial opportunity to the market. Wireless vehicles charging is one of the novel technologies that is being developed and it could be a game-changer for the electric car industry. The major autonomous companies that are offering wireless charging technology include Qualcomm, BMW, Nissan, and Mercedes Benz among others. With the ever-increasing demand in urban mobility and modern logistics sector, the vehicle population has been steadily growing over the past few decades. At present, it has led the way with the high-tech extravaganza showcasing dozens of autonomous or self-driven vehicles. The modern automobile giants are coming up with newer self-driving features in their latest models. Technological developments are not confined to just communication, information technology, and data analysis; the realm of self-driving cars is also making progress at a brisk speed nowadays.

Global wireless connectivity Market Segmentation

By Technology

• Wi-Fi
• Bluetooth
• Zigbee
• Near Field Communication (NFC)
• Cellular Technologies
• Global Navigation Satellite System (GNSS)
• Others (Enocean, Z-Wave)

By Application

• Consumer Electronics
• Automotive and Transportation
• Healthcare
• Industrial
• IT & Telecom
• Others (Building Automation)

Global wireless connectivity Market – Segment by Region

North America
• United States
• Canada

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
Companies Studied

• Apple Inc.
• Canon Inc.
• GoPro Inc.
• Hitachi Ltd.
• Huawei Technologies Co. Ltd.
• LG Electronics Inc.
• Nikon Corp.
• Panasonic Corp.
• Samsung Electronics Co., Ltd.
• Sennheiser electronic GmbH & Co. KG
• Sony Corp.
• Toshiba Corp.
• BBK Electronics Corp.
• Lenovo Group Ltd.

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Categories Business , Electronics , Technology
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Last Updated June 5, 2020