Global Electronics
Retailing Market study is providing you with the up-to-date, actionable market
information and projections with the latest impact of the Covid 19 outbreak. It
offers all the requisite data to support tactical business decisions and come
up with strategic growth plans. This study also proposes a comprehensive
insight into the development policies and plans in addition to manufacturing
processes and cost structures.
Electronics retail also
known as consumer electronics encompass devices meant for everyday use.
Particularly, communications, entertainment, office productivity and others
fall under the category of consumer electronics. Technically, consumer
electronics include several components for manufacture such as electronic
component, software development and standardization. Electronic component is
any discrete device or physical entity in an electronic system to affect
associated fields or electrons. Electronic components mostly are industrial
products available in a single form and not to be mixed with electrical
elements.
Software provides the
necessary operations for a digital device to function. Consumer electronics
such as personal computers use various types of software in some consumer
electronics such as mobile phones. In some, consumer electronics software is
used on a personal computer couple with electronic devices such as camcorders
and digital cameras and a third-party software also exists for such devices.
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Consumer electronics show
is held timely in different countries with thousands of products on display.
The products adhere to standards of IEEE which is the world’s largest
professional scientific and technical society with initiatives for
state-of-the-art consumer electronics. IEEE beholds a dedicated society of
professionals to promote consumer electronics.
Commercially, electronics
retailing is a crucial part of retail industry in many countries. Big players
such as Wal-Mart and Target are too engaged in electronics retailing. With
growing demand for SMART devices and growing consumer base, the global
electronics retailing market witnesses a trajectory growth in the upcoming
years. The key driving factors responsible for the growth of global electronics
retailing market include growth in number of devices such as smartphones,
laptops, tablets, digital cameras, MP3 players and personal care devices.
However, factors such as
new market entrants, technological upgrade and heavy competition are posing as
growth challenges for the market. On the basis of product, the global electronics
retailing market is segmented into handheld devices, laptops, smartphones,
personal computers, cameras and camcorders, audio/video devices, personal care
products and gaming consoles. On the basis of end-use application, the global
electronics retailing market is segmented into residential and commercial.
Commercial segment is anticipated to grow at a higher CAGR during the forecast
period owing to growth in IT and infrastructure.
On the basis of geographic
segmentation, the global electronics retailing market spans North America,
Latin America, Europe, Asia Pacific, Middle-East and Africa. North America is
anticipated to grow at a higher CAGR during the forecast period owing to
presence of big players and rising number of startups. APAC regions such as
Japan and China are anticipated to grow rapidly during the forecast period
owing to technological know-how, potential market and a strong customer base.
The key players in the global electronics retailing market include LG
Corporation, Canon, Inc., Koninklijke Philips N.V., Samsung Electronics Co.
Ltd., Dell, Inc., Hewlett-Packard Company, Sony Corporation, Apple, Inc., Nikon
Corporation, and Panasonic Corporation.
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