- In April 2023, OnePlus launched its flagship tablet, the OnePlus Pad, showcasing a design that blends elegance with functionality. With features such as the Star Orbit metal craft and precise aluminum alloy CNC cutting, OnePlus provides a seamless and fast user experience. The tablet sets new standards in the industry by offering advanced design aesthetics and cutting-edge technology, expanding OnePlus's footprint in the premium tablet market
- In March 2023, CUI Devices signed a distribution agreement with J.P. Electronic Devices Pvt. Ltd., a prominent supplier of electronic components and solutions. This partnership aims to expand CUI Devices' presence in the Indian market by leveraging J.P. Electronic Devices’ extensive distribution network. The agreement will enable CUI Devices to serve a broader range of customers, enhancing its growth in India's electronics sector
- In January 2023, The Indian government announced its strategy to achieve USD 300 billion in electronics manufacturing by FY26, aiming to propel the country toward a USD 1 trillion economy by 2025. Key initiatives include the Production Linked Incentive (PLI) scheme and the Scheme for Promotion of Electronic Components and Semiconductors (SPECS), designed to foster growth and investment in India’s rapidly expanding electronics manufacturing sector
- In October 2022, SAMSUNG partnered with Google LLC to integrate Matter-compatible devices into the SmartThings and Google Home ecosystems. This partnership leverages Matter’s multi-admin feature, allowing users of Samsung Galaxy phones and tablets to connect devices to multiple applications seamlessly. This collaboration provides consumers with greater flexibility and ease of use across both smart home platforms, enhancing the connected home experience
- In June 2022, HP Development Company, L.P. acquired Poly, a global provider of workplace collaboration solutions, as part of its strategy to expand its hybrid work solutions portfolio. The acquisition allows HP to offer a wide range of devices, software, and services aimed at improving employee experiences in hybrid work environments. This move enhances HP’s visibility, security, and management capabilities across enterprise IT ecosystems
Frequently Asked Questions
The market is segmented based on Segmentation, By Product Type (Consumer Electronic Devices, Wearable Devices, and Smart Home Devices), Application (Personal and Professional), Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Multi-brand Stores, Online Retailers, Wholesalers and Distributors, and Others) – Industry Trends and Forecast to 2031
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The Global Consumer Electronics Market size was valued at USD 758.36 USD Billion in 2023.
The Global Consumer Electronics Market is projected to grow at a CAGR of 3.94% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
