The global consumer electronics market has witnessed rapid strides over the years. The market boasts of rapid expansion and is home to a wide array of products ranging from TVs, telecom equipments, home appliances, audio and video products and others. With the advent of globalization, the sales of consumer electronics products have risen, fostered by the diffusion of global boundaries. According to RNCOS latest report, Global Consumer Electronics Market Outlook 2015, the global consumer electronics market is expected to grow at a CAGR of more than 10% during 2012-2015.
The propelling global consumer electronics market is backed by factors like rapid technological development, a shift from analog to digital revolution, changing consumer preferences initiating innovation and rampant product developments on the part of the manufacturers pestering them to incorporate extensive marketing & distribution strategies, which have helped products like smartphones, tablets and selected High Definition (HD) products amongst some to outpace others on a global platform. These factors have also enabled countries like China to garner a majority share in the global consumer electronics market with fuelling market sales of the products like tablets and smartphones.
The report, Global Consumer Electronics Market Outlook 2015, authored to evaluate the global consumer electronics market thoroughly, provides a detailed analysis of the industry. It provides an insight into the consumer electronics market of major countries with a brief snapshot of their major players. It also provides a comprehensive analysis of various products on a global level. These products are further divided into sub segments to strengthen the analysis. Further, the report sheds light on the key trends and challenges affecting the market. Emphasis has also been laid on the assessment of key players along with their recent developments, to get a clearer picture of the market.
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