Consumer Electronics Market in North America (US, Canada): Industry Analysis, Demand, Potential, Competitive Landscape, Size, Share, Outlook, Applications, Emerging Trends, & Forecast 2017-2025

Market Overview

North America consumer electronic industry is largely mature and being a technology developed country, it has huge penetration in the majority household in the country. With the advancing technology, the trend of smart offices and smart homes is augmenting the demand for consumer electronics products such as smart TV, smart refrigerator, smart air conditioners and more. Post the launch of LG Electronics developed ‘Homechat’, an app that assists users to monitor their home appliances anywhere through their smartphones has further boosted the market. Rising disposable income of the people of consumer electronics and their shift in preferences towards smart homes and smart offices environment are thus primarily driving the growth of the industry. The increased innovations and interconnectivity among the products has resulted in smarter consumer electronics. The emergence of advanced technologies such as virtual reality, IoT solutions, and robotics in the manufacturing of consumer electronic products in order to achieve efficiency and low cost has provided a significant advantage to North America consumer electronic industry. Moreover, gaming and entertainment applications of the products have further boosted the growth of the North American consumer electronic industry. Goldstein Research analyst forecast that the North America consumer electronics industry is set to reach USD 110 billion by 2025, growing at a CAGR of 6.5% over the forecast period (2017-2025).

North America Consumer Electronics Industry Segmentation

By Product Type

• Visual and Audio Products

  • Television
  • Laptops
  • Speakers
  • Others (Headphones, etc.)
• Major Home Appliances
  • Air Conditioner
  • Refrigerator
  • Washing Machines
  • Dish Washers
  • Others (Cooktops, Etc.)
• Small Home Appliances
  • Food Processors
  • Microwave Ovens
  • Iron
  • Others (Kettle, etc.)

By Pricing Model

• Low-Cost Products
• Medium Cost Products
• High-End Products (Customized or luxury Brands)

By Distribution Channel

• Online Distribution Channel
• Offline Distribution Channel

By Business Model

• Business to Business (B2B)
• Business to Consumer (B2C)

By Geography

• United States Consumer Electronics Industry {Market Share (%), Market Size (USD Billion)}
• Canada Consumer Electronics Industry {Market Share (%), Market Size (USD Billion)}

Based on geography, United States accounted for largest market share of 61.4% in 2017 with consumer electronics user penetration of 45.3% in 2017. 

Covered In This North America Consumer Electronics Industry Report

The report covers the present ground scenario and the future growth prospects of the consumer electronics industry for 2017-2025 along with the industry players’ analysis. We calculated the industry size and revenue share on the basis of revenue generated from major players in the North America region. North America's consumer electronics industry is forecasted on the basis of consumer electronics production and supply.

North America Consumer Electronics Industry Outlook 2017-2025, has been prepared based on an in-depth industry analysis from industry experts. The report covers the competitive landscape and current position of major players in the North American consumer electronics industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of industry players and their business models. “North America Consumer Electronics Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.

Our North America consumer electronics industry report comprises of the following companies as the key players: Samsung, LG Electronics, Sony, Panasonic, Koninklijke Philips N.V., Haier Consumer Electronics Group, Logitech International, Onida Electronics, Toshiba, Videocon, Hitachi, Ltd., Hisense, TCL, etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive industry and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this North America Consumer Electronics Industry Report

• What is the total industry size by 2025 and what would be the expected growth rate of industry?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key industry trends?
• What are the factors which are driving this industry?
• What are the major barriers to industry growth?
• Who are the key vendors in this industry space?
• What are the industry opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this industry study

• Facilitate decision-making based on strong historic and forecast data for the North America Consumer Electronics Industry
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the North America Consumer electronics industry’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects