Electronic products market is anticipated to grow at a CAGR of 12.7% during the forecast period (2023-2030). An increase in the use of smart TVs, smart wearables, smartphones, and tablets, with integrated AI technology drives the growth of the electronic product market. The growing adoption of AI features to turn household appliances and electronic products into smart machines that control and optimize their own functionality is the key factor supporting the growth of the market globally. According to the United States International Trade Commission (USITC), in 2021, electric product imports from China, Taiwan, Thailand, and South Korea. Within this digest, the largest increases were in laptop computers and processors, up $10.6 billion or 26.4%. Voice-activated electronic technology has become increasingly prevalent in recent years, with products such as smart speakers and virtual assistants quickly gaining popularity among users. For instance, in March 2021, Simbo.ai launched SimboAlpha, its flagship cloud-based application programming interface (API) platform that enables health tech stakeholders to voice-based electronic medical records (EMR).
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Electronic Product Market Segmentation
By Type
- Audio and Video Equipment
- Semiconductor
By Mode of Sales
- Offline
- Online
By Sales Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
By End-Users
- Business to Business (B2B)
- Business to Customer (B2C)
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Johnson & Johnson
- Sony Corp.
- Electrolux AB
- Apple Inc.
- HP Development Company, L.P.
- Huawei Technologies Co., Ltd.
- Teledyne Technologies
- Allied Vision Technologies GmbH
- Texas Instruments Incorporated
- Intel Corp.
- Baumer Group
- Jai Corp.
- MediaTek, Inc.
- Novartis AG.
- Medtronic PLC.
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