Global Electronic Products Market Trends And Strategies Of Major Players In The Electronic Products Market 2021-2030
25 Jun, 2021
The electronic products market consists of sales of electronic products by entities (organizations, sole traders and partnerships) that produce electronic products.
Global Electronic Products Market Size And Drivers:
The global electronic products market is expected to grow from $948.78 billion in 2020 to $1055.29 billion in 2021 at a compound annual growth rate (CAGR) of 11.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1291.14 billion in 2025 at a CAGR of 5%. The electronic products market growth is aided by stable economic growth forecasted in many developed and developing countries.
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Trends In The Global Electronic Products Market
With rising incidences of theft and crime, companies in the video equipment manufacturing industry are manufacturing closed circuit television cameras with motion detection technology. Motion detecting CCTV camera detects any motion of objects in its field of view and raises an alarm in case of an intrusion. These cameras consume less energy as they get activated and begin recording only when there is a movement of object in its field of view. This feature offers effective surveillance of an area at low costs.
Global Electronic Products Market Segments:
The global electronic products market is further segmented based on type, end use, sales channel, mode and geography.
By Type: Audio And Video Equipment, Semiconductor And Other Electronic Component
By End-Use: B2B, B2C
By Sales Channel: OEM, Aftermarket
By Mode: Online, Offline
Sub segments Covered: Audio Equipment, Video Equipment, Semiconductor And Related Devices, General Electronic Components
By Geography: The global electronic products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global electronic products market, accounting for 50% of the market in 2020.
Read More On The Report For The Global Electronic Products Market At:https://www.thebusinessresearchcompany.com/report/electronic-products-global-market-report
Electronic Products Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides electronic products market overviews, analyzes and forecasts market size and growth for the global electronic products market, electronic products market share, electronic products market players, electronic products market segments and geographies, electronic products market’s leading competitors’ revenues, profiles and market shares. The electronic products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.