Consumer electronics market across the globe is consistently evolving and expanding. Consumer electronic devices are mostly used for entertainment, communication, household and office work. New technological advances, increasing disposable income, decreasing prices of electronic devices, and emerging markets, are the prime factors driving consumer electronics market globally. In the medium-term spotlight, consumer electronics would be in the areas of automobiles, internet of things, artificial intelligence, augmented reality, integrating mobile devices, virtual reality, television, communication and so on. Demand for sustainable and pollution free transportation would drive demand for electric or hybrid automobiles in the medium term. Technologies like Automatic Driver Assistance System (ADAS), artificial intelligence, interconnect, gesture responsive infotainment systems, fuel efficiency, autonomous driving, will drive autonomous car sector within consumer electronics market. More than 85% of the innovations within automobile sector since 2014 are in areas of electronic systems, software and devices. Global electric vehicle market is anticipated to grow at CAGR of 16% till 2023. Expanding electric vehicle market would drive demand for niche consumer electronics market with applications in automobiles.
OBRC’s consumer electronics market reports are mainly focused upon new technologies and services within niche consumer electronic markets. The market segment is articulated after consulting with experts from leading market players and certified associations. The primary research data is gathered from research institutions, government or public authoritative bodies and certified association members. The data is incorporated with secondary research, data collected by analysts from online databases, trade statistics, and research institutions to determine final market value. The estimated values are further ascertained via primary research from experts within each of the niche consumer electronics market. For each segment within consumer electronics report, we provide opportunity matrix, comparative analysis, and decision support database. Our reports also provide strategic recommendation based on opportunities in emerging applications, investment opportunities amongst leading regions and fastest growing segments.
Virtual reality and augmented reality are amongst the emerging segments within consumer electronics market. Applications of virtual reality and augmented reality over the years have become diverse in areas of healthcare, automobile, gaming, education, research and so on. Worldwide revenue of virtual reality and augmented reality market is estimated to reach over $14 billion for fiscal year 2017-18 and is projected to reach over $140 billion by 2020. Venture Capitalist (VC) and corporates are investing and acquiring virtual reality and augmented reality companies. In 2016, VC’s and corporates together invested in more than 100 virtual reality and augmented reality companies. At OBRC our reports provide corporate profiling of top fifteen leading market players within niche consumer electronics market. For each company we elaborate their product portfolio, strategic initiatives, SWOT analysis, and upcoming research & strategic investments.
Consumer electronics market is growing rapidly. With new technologies like that of LIDAR, ADAS, artificial intelligence, pose a significant challenge for government institutions and policy making bodies to regulate unprecedented use of application whilst causing threat to security. Regulatory bodies across the globe are placing strict regulations with respect to consumer electronic devices capability and applications. At OBRC, our analysts are closely monitoring developments in regulations and policies amongst leading consumer electronic market. Our report highlights regulations and policies that can impact niche consumer electronics market in the long run.
Recent reports on consumer electronic market include global 3D scanning market, global beauty devices market, global Lighting as a Service (LaaS) market, global warm air heater market, global bio-inspired and nano-engineered surfaces market and so on. Analysts at OBRC are looking forward to update titles and researching new niche markets within consumer electronics. New niche markets being researched by our analysts within consumer electronics include, global 2D gesture recognition market, global electro-photographic printing market, global power systems analysis software market, global System on a Chip (SoC) market, global tactile printing market and so on.