Top Companies in Consumer Electronics Market | Top Major Players Market Size & Share Analysis, Growth Rate, Past Data | Vantage Market Research
The rapidly increasing internet penetration across the globe is driving the growth of the Consumer Electronics Market during the forecast period.
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MARKET OVERVIEW
The Global Consumer Electronics Market is valued at USD 728.1 Billion in the year 2021 and is forecasted to reach a value of USD 964.6 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 4.8% over the forecast period. Consumer Electronics are analog and digital devices intended for everyday use. These devices have made life easier. Consumer Electronics, it includes devices that are used for entertainment, communications, and recreation. Moreover, Consumer Electronics also include devices like computers, laptops, phones, smartwatches, and home appliances that provide one or more functionalities. This Consumer Electronics Market is very competitive because every day there is a new product or device and many trends come and go at a faster pace. To hold the lead in this market, the market players have continuously been finding different ways to launch innovations with many functionalities and features in the past years.
A rise in disposable income and a trend to adopt new gadgets among consumers, it is expected to drive the Global Consumer Electronics Market during the forecast period. Along with this, the growth of the working population and the growing population are one of the major drivers of the growth of the consumer electric market.
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Some of the key players operating in the Consumer Electronics Market are listed below:
|
Company Name |
Revenue in the US |
|
$9 Billion |
|
$56 Billion |
|
$75 Billion |
|
$58 Billion |
|
$19 Billion |
|
$22 Billion |
|
$13 Billion |
|
$378 Billion |
|
$63 Billion |
|
$100 Billion |
Samsung Electronics Co. Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through the following business divisions: Consumer Electronics, Information Technology & Mobile Communications, and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines, and medical devices. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers, and digital cameras. The Device Solutions business division comprises of memory, system large-scale integrated circuit, and a light-emitting diode. The company was founded in 1969 and is headquartered in Suwon, South Korea.
LG Electronics Inc. manufactures and markets digital display equipment and home appliances. The Company produces and markets flat-panel televisions, A/V products, washing machines, air conditioners, and refrigerators as well as telecommunications equipment such as smartphones and tablets. It was founded in 1958 and its headquarter is in South Korea.
Sony Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals, and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and All Others. The company was founded by Akio Morita and Masaru Ibuka in 1946 and is headquartered in Tokyo, Japan.
The company was founded in 1918 by Matsushita Konosuke to manufacture and market electric lamp sockets and plugs designed. It was incorporated in 1935 and began expanding rapidly into a number of varied electrical product lines. During the 1930s it added such electrical devices as irons, radios, phonographs, and light bulbs.
Koninklijke Philips N.V. operates as a health technology company in North America and internationally. It operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. The company provides diagnostic imaging solutions, including magnetic resonance imaging, computed tomography (CT) systems, X-ray systems, and detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; integrated interventional systems; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; proprietary software to enable diagnostics and intervention; and enterprise diagnostic informatics products and services. Koninklijke Philips N.V. was founded in 1891 and is headquartered in Amsterdam, the Netherlands.
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, the Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers. Whirlpool Corporation was founded in 1911 and is headquartered in Benton Harbor, Michigan.
AB Electrolux is an appliance company based in Sweden. The Company's products include refrigerators, dishwashers, washing machines, cookers, vacuum cleaners, air conditioners and small domestic appliances. It was founded in 1919 and headquarter is in Sweden.
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; Air Pods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising Air Pods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch. Further, it provides AppleCare support services; cloud services store services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. Apple Inc. was incorporated in 1977 and is headquartered in Cupertino, California.
HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail point-of-sale systems, displays and peripherals, software, support, and services. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.
Huawei Technologies Co., Ltd. provides networking products and telecommunication solutions. The Company researches and develops internet access, transmission networks, servers, storage, security, and other networking products. Huawei Technologies also offers business consulting, network integration, assurance, management, learning, global delivery, and other services. It was founded in 1987 and its headquarter is in Shenzhen, China.
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