The global revenue in the consumer electronics market was forecast to continuously increase between 2024 and 2029 by in total 146.3 billion U.S. dollars (+15.4 percent). After the fifth consecutive increasing year, the indicator is estimated to reach 1.1 trillion U.S. dollars and therefore a new peak in 2029. Find more information concerning the Philippines and Indonesia. The Statista Market Insights cover a broad range of additional markets.
The global volume in the consumer electronics market was forecast to continuously increase between 2024 and 2029 by in total 728.7 million pieces (+8.8 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 9 billion pieces and therefore a new peak in 2029. Find further information concerning revenue growth in the United Kingdom and volume in Mexico. The Statista Market Insights cover a broad range of additional markets.
Consumer Electronics Market Size 2025-2029
The consumer electronics market size is forecast to increase by USD 134.4 billion, at a CAGR of 5.4% between 2024 and 2029.
The market is witnessing significant growth due to several key factors. Frequent product launches in the industry are driving market expansion, as companies continue to innovate and introduce new technologies. Another major growth factor is the rapidly expanding e-commerce sector, which allows for greater accessibility and convenience for consumers. Additionally, the long product lifecycle of major appliances, such as televisions and heart valve dysfunction monitoring devices that utilize biomarker testing, ensures a steady demand for replacement and upgrades. This market trends and analysis report provides a comprehensive evaluation of these and other influencing factors shaping the consumer electronics industry.
What will be the Size of the Consumer Electronics Market During the Forecast Period?
Request Free Sample
The market encompasses a diverse range of products, including smartphones, laptops, tablets, and wearable devices, among others. This dynamic market is driven by evolving consumer preferences and technological advancements. Households worldwide continue to prioritize the adoption of these devices, influenced by changing lifestyles and increasing disposable incomes. The market's size is substantial, with millions of units sold annually. Manufacturing plants face challenges such as component shortages, counterfeiting, and shipping delays, which can impact production and distribution. Customer behavior, environmental concerns, and regulatory compliance are also critical factors shaping the market.
In the healthcare sector, consumer electronics are increasingly being used to monitor health conditions, with applications in alveolar fluid metabolism, cardiac issues, and respiratory disorders like cardiogenic pulmonary edema and heart failure. The integration of biomarkers, clinical examination, imaging testing, blood tests, and ventilator-assisted respiration into healthcare systems is transforming the diagnosis and treatment of various conditions. Despite these advancements, the market's growth may be influenced by factors like credit availability, import bills, acquisition policies, FDI inflows, and capex subsidies.
How is this Consumer Electronics Industry segmented and which is the largest segment?
The consumer electronics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Application
Personal
Professional
Distribution Channel
Offline
Online
End-user
Residential
Commercial
Geography
APAC
China
India
Japan
South Korea
Europe
Germany
UK
France
Italy
North America
Canada
US
South America
Middle East and Africa
By Application Insights
The personal segment is estimated to witness significant growth during the forecast period. The market has experienced substantial growth due to the increasing adoption of advanced electronic devices in households. Manufacturers are focusing on integrating digital technologies and prioritizing consumer experience. Miniaturization is a significant trend, with the rising disposable income and improving standard of living driving demand. Home improvement products are also gaining popularity. Market expansion is further fueled by the geriatric population's increasing need for healthcare systems and solutions related to cardiac issues, such as oxygen therapy, medicines, biomarkers, clinical examination, imaging testing, blood tests, and ventilator-assisted respiration.
Cardiogenic pulmonary edema, heart failure, left ventricle issues, coronary artery disease, cardiomyopathy, heart valve problems, hypertension, and other cardiac conditions are key therapeutic areas. The market is influenced by factors like component shortages, counterfeiting, shipping delays, changing customer behavior, environmental concerns, and economic factors like credit, disposable incomes, import bills, acquisition policies, FDI inflows, CAPEX subsidies, production, distribution, organized retail, e-retailers, and government support. Key therapeutic areas include immunology, oncology, cardiology, endocrinology, and neurology. The market is expected to continue growing due to borrowing costs, export incentives, and customs duties.
Get a glance at the market report of share of various segments Request Free Sample
The personal segment was valued at USD 315.20 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 54% to the growth of the global market during the forecast period. Technavio's an
The global price per unit in the consumer electronics market was forecast to continuously increase between 2024 and 2029 by in total seven U.S. dollars (+6.1 percent). After the fifth consecutive increasing year, the indicator is estimated to reach 121.71 U.S. dollars and therefore a new peak in 2029. Find more key insights for the price per unit in countries and regions like the average volume per capita in the 'Printers & Copiers' segment of the consumer electronics market in the world and the revenue in the 'VR Headsets' segment of the consumer electronics market in the United States. The Statista Market Insights cover a broad range of additional markets.
https://the-market.us/privacy-policy/https://the-market.us/privacy-policy/
The report on Consumer Electronics and Appliances Market offers in-depth analysis of market trends, drivers, restraints, opportunities etc. Along with qualitative information, this report includes the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years. The global consumer electronics and appliances market is segmented on the basis of type, application, and geography.
The Worldwide market for Consumer Electronics and Appliances Market is expected to grow at a CAGR of roughly x.x% over the next nine years, and will reach US$ XX.X Mn in 2028, from US$ XX.X Mn in 2018, according to a new Market.us (Prudour Research) study. Read More
https://www.imarcgroup.com/privacy-policyhttps://www.imarcgroup.com/privacy-policy
The global consumer electronics packaging market size reached USD 24.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 58.4 Billion by 2033, exhibiting a growth rate (CAGR) of 9.45% during 2025-2033. The rising demand for smartphones, tablets, and wearables, the growth of the e-commerce sector, the shift toward sustainable packaging, advancements in packaging technology, the escalating demand for premium electronics, surging consumer awareness, and globalization of supply chains are some of the factors driving the market growth.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 24.9 Billion |
Market Forecast in 2033 | USD 58.4 Billion |
Market Growth Rate (2025-2033) | 9.45% |
IMARC Group provides an analysis of the key trends in each segment of the global consumer electronics packaging market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on material, layer and application.
https://www.imarcgroup.com/privacy-policyhttps://www.imarcgroup.com/privacy-policy
The global consumer electronics repair and maintenance market size was valued at USD 19.14 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 31.26 Billion by 2033, exhibiting a CAGR of 5.30% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 36.2% in 2024. The growth of the Asia Pacific region is driven by increasing consumer electronics demand, expanding technology adoption, a strong manufacturing base, and rising repair and maintenance service requirements.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 19.14 Billion |
Market Forecast in 2033 | USD 31.26 Billion |
Market Growth Rate (2025-2033) | 5.30% |
IMARC Group provides an analysis of the key trends in each segment of the global consumer electronics repair and maintenance market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on product and service provider.
The global average revenue per capita in the consumer electronics market was forecast to continuously increase between 2024 and 2029 by in total 13.2 U.S. dollars (+10.77 percent). After the fifth consecutive increasing year, the indicator is estimated to reach 135.75 U.S. dollars and therefore a new peak in 2029. Find more key insights for the average revenue per capita in countries and regions like the average revenue per capita in the 'TV, Radio & Multimedia' segment of the consumer electronics market in Switzerland and the price per unit in the 'VR Headsets' segment of the consumer electronics market in Europe. The Statista Market Insights cover a broad range of additional markets.
https://www.wiseguyreports.com/pages/privacy-policyhttps://www.wiseguyreports.com/pages/privacy-policy
BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 4.06(USD Billion) |
MARKET SIZE 2024 | 4.15(USD Billion) |
MARKET SIZE 2032 | 5.0(USD Billion) |
SEGMENTS COVERED | Product Type ,Frequency Range ,Application ,Technology ,Packaging Type ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | 1 Increasing demand for smart devices 2 Growing adoption of wireless communication 3 Miniaturization of electronic devices 4 Rise of Internet of Things IoT 5 Technological advancements in crystal and oscillator design |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Abracon LLC. ,Crystek Corporation. ,Vectron International. ,EPSON TOYOCOM CORPORATION. ,I-Star Technology Co.,Ltd.. ,Meisei Electric Co., Ltd. ,Murata Manufacturing Co., Ltd.. ,Nippon Ceramic Co., Ltd. ,Rakon Limited. ,Skyworks Solutions, Inc.. ,SiTime Corporation. ,Tai-Saw Technology Co., Ltd.. ,TXC Corporation. ,Wuxi Ouman Electronics Co., Ltd. |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | IoT adoption 5G devices Wearable devices Automotive electronics Industrial automation |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 2.34% (2024 - 2032) |
https://www.wiseguyreports.com/pages/privacy-policyhttps://www.wiseguyreports.com/pages/privacy-policy
BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 283.24(USD Billion) |
MARKET SIZE 2024 | 301.7(USD Billion) |
MARKET SIZE 2032 | 500.0(USD Billion) |
SEGMENTS COVERED | Product Category, Sales Channel, Consumer Demographics, Pricing Strategy, Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Increasing online shopping adoption, Mobile commerce growth, Wide product variety, Competitive pricing strategies, Enhanced customer experience |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Alibaba, Amazon, Lenovo, Target, Samsung, Microsoft, LG, Apple, Best Buy, eBay, Sony, Walmart, Newegg, Dell, HP |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Increased mobile shopping adoption, Expansion of smart home devices, Growth in sustainable electronics, Enhanced personalized shopping experiences, Rising demand for tech accessories |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.52% (2025 - 2032) |
https://www.imarcgroup.com/privacy-policyhttps://www.imarcgroup.com/privacy-policy
The global thick film devices market size reached USD 150.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 394.3 Billion by 2033, exhibiting a growth rate (CAGR) of 10.74% during 2025-2033. The augmenting need for film devices facilitating high compatibility with multiple substrates, the accelerating demand for consumer electronics, and the shifting trend towards miniaturization of electronic components represent some of the key factors driving the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
| 2025-2033 |
Historical Years
| 2019-2024 |
Market Size in 2024
| USD 150.4 Billion |
Market Forecast in 2033
| USD 394.3 Billion |
Market Growth Rate 2025-2033 | 10.74% |
IMARC Group provides an analysis of the key trends in each segment of the global thick film devices market, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on type and end-user.
The global number of users in the 'Consumer Electronics' segment of the electronics e-commerce market was forecast to continuously increase between 2024 and 2029 by in total 0.8 billion users (+42.78 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 2.64 billion users and therefore a new peak in 2029. Notably, the number of users of the 'Consumer Electronics' segment of the electronics e-commerce market was continuously increasing over the past years.Find further information concerning the ARPU in the 'Household Appliances' segment of the electronics e-commerce market in Austria and the ARPU in the 'Consumer Electronics' segment of the electronics e-commerce market in Uruguay. The Statista Market Insights cover a broad range of additional markets.
https://www.imarcgroup.com/privacy-policyhttps://www.imarcgroup.com/privacy-policy
The global inductors market size reached USD 4.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.1 Billion by 2033, exhibiting a growth rate (CAGR) of 3.26% during 2025-2033. The market is experiencing robust growth, driven by the growth in the consumer electronics sector, increasing demand for automotive electronics, expansion of renewable energy infrastructure, rising demand for industrial automation, and significant investments in telecommunications infrastructure.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
| 2024 |
Forecast Years
| 2025-2033 |
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 4.5 Billion |
Market Forecast in 2033 | USD 6.1 Billion |
Market Growth Rate 2025-2033 | 3.26% |
IMARC Group provides an analysis of the key trends in each sub-segment of the global inductors market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, core and end user.
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The multi-touch technology market is experiencing robust growth, projected to reach a substantial size within the forecast period (2025-2033). A Compound Annual Growth Rate (CAGR) of 13% indicates a significant expansion driven by several key factors. The increasing adoption of smartphones, tablets, and laptops equipped with multi-touch capabilities is a primary driver. Furthermore, the burgeoning demand for interactive kiosks in retail, hospitality, and public spaces fuels market expansion. The growing popularity of personal applications, such as gaming and entertainment, coupled with the increasing implementation of multi-touch technology in enterprise applications for improved user experience and productivity, contributes significantly to this growth. While supply chain disruptions and fluctuating component costs present some challenges, the overall market outlook remains positive. The Asia Pacific region, with its large and rapidly expanding consumer electronics market, is expected to dominate the market share, followed by North America and Europe. Ongoing technological advancements, such as enhanced display resolutions and improved touch sensitivity, are further propelling market growth. The segment of products will see significant growth while the personal application will grow at a slightly lower rate as the market matures. Competitive landscape analysis reveals key players like Samsung Electronics Co Ltd and 3M Company are strategically investing in R&D and expanding their product portfolios to maintain a strong market presence. The continued innovation in multi-touch technology, leading to more responsive and accurate touch interfaces, will further drive adoption across various sectors. The increasing integration of multi-touch capabilities into various devices, from smartwatches to large-format displays, expands the market's addressable potential. Government initiatives promoting digitalization and technological advancements in developing economies further contribute to the market's growth trajectory. However, maintaining affordability and addressing potential concerns regarding data privacy and security will be crucial for continued market expansion. Companies are focusing on developing energy-efficient and durable multi-touch solutions to enhance market appeal and expand their customer base. Multi-touch Technology Market: A Comprehensive Report (2019-2033) This comprehensive report provides an in-depth analysis of the global multi-touch technology market, covering the period from 2019 to 2033. It offers valuable insights into market size, growth drivers, challenges, and emerging trends, enabling stakeholders to make informed strategic decisions. With a base year of 2025 and an estimated market value in the billions of dollars, this report is an indispensable resource for understanding this dynamic sector. The report leverages extensive primary and secondary research, including analysis of industry developments, competitive landscape, and key players like Samsung Electronics, Panasonic, and 3M. Recent developments include: June 2023 - Samsung Electronics has introduced a new interactive display, model name "WAC," the first Samsung interactive solution built on the Android operating system. The display enables an "intuitive user interface for educators to enrich the classroom experience right out of the box" and is available in 65-, 75- and 86-inch models; the Samsung Interactive Display is an all-in-one collaboration hub touting simple and seamless connectivity, according to a news release., January 2023 - Panasonic is growing the KAIROS ecosystem by adding two new powerful and quiet Core mainframes, the AT-KC200 and AT-KC2000 – expanding the platform's already innovative GPU processing to support larger and more complex productions and enabling it to deliver rich content to a higher quantity of larger screens than ever before.. Key drivers for this market are: Increasing Usage of Consumer Electronics, Surge in Usage of Interactive Screens in Commercial Application; Advancements in Display Technology. Potential restraints include: Relative High Cost of Touch Screen Panels. Notable trends are: Increasing Use of Consumer Electronics is Driving the Demand.
The revenue in the consumer electronics market in Germany was forecast to continuously increase between 2024 and 2029 by in total 1.5 billion U.S. dollars (+5.62 percent). After the fifth consecutive increasing year, the indicator is estimated to reach 28.14 billion U.S. dollars and therefore a new peak in 2029. Find more key insights for the revenue in countries and regions like the revenue change in the consumer electronics market in the United Kingdom and the average revenue per capita in the 'Telephony' segment of the consumer electronics market in the world. The Statista Market Insights cover a broad range of additional markets.
https://dataintelo.com/privacy-and-policyhttps://dataintelo.com/privacy-and-policy
The global market size of MEMS Electronic Oscillators is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global MEMS Electronic Oscillators Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global MEMS Electronic Oscillators industry. The key insights of the report:
1.The report provides key statistics on the market status of the MEMS Electronic Oscillators manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of MEMS Electronic Oscillators industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of MEMS Electronic Oscillators Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of MEMS Electronic Oscillators as well as some small players. At least 13 companies are included:
* Micrel
* Discera
* Seiko Epson
* Sand9
* Silicon Labs
* SiTime
For complete companies list, please ask for sample pages.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share
For product type segment, this report listed main product type of MEMS Electronic Oscillators market
* Product Type I
* Product Type II
* Product Type III
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Telecommunication and Networking
* Consumer Electronics
* Automotive
* Medical and Healthcare
* Others
For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.
The global market for Internet of things (IoT) end-user solutions is expected to grow to 212 billion U.S. dollars in size by the end of 2019. The technology reached 100 billion dollars in market revenue for the first time in 2017, and forecasts suggest that this figure will grow to around 1.6 trillion by 2025.
The Internet of Things
The Internet of Things (IoT) is a term used to describe the continually growing network of internet connected electronic devices that are in operation around the world today. These devices often share data and information in order to provide added convenience and control to consumers and, in some cases, even allow users automate simple processes such as ordering supplies. Tens of billions of these IoT connected devices already exist around the world and this number will only grow as internet connectivity begins to become a standard feature for a great number of electronics devices. Although heavily integrated into the consumer electronics market, IoT extends far beyond handheld devices and home appliances; IoT subsystems such as industrial internet and connected cities aim at automating factories and urban areas rather than just households. Digital virtual assistants such as Amazon’s Alexa and Google Assistant serve as the bridge between this network of interconnected devices and their human users.
https://www.fnfresearch.com/privacy-policyhttps://www.fnfresearch.com/privacy-policy
Global pcb software market expected to reach a value of around USD 2,352 million by 2027, at a CAGR of around 8.44 % between 2019 and 2027. PCB is a routinely supported printed circuit board that makes use of conductive tracks in order to attach electronic or electrical parts.
https://www.wiseguyreports.com/pages/privacy-policyhttps://www.wiseguyreports.com/pages/privacy-policy
BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 1237.41(USD Billion) |
MARKET SIZE 2024 | 1280.22(USD Billion) |
MARKET SIZE 2032 | 1680.0(USD Billion) |
SEGMENTS COVERED | Product Type, Technology, Distribution Channel, End User, Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | technological advancements, shifting consumer preferences, increasing adoption of smart devices, growing demand for sustainability, rising disposable incomes |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | HTC, Microsoft, Samsung Electronics, Huawei, Panasonic, LG Electronics, Bose, Amazon, Dell Technologies, Asus, Lenovo, Intel, Nikon, Apple, Sony |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Smart home devices growth, Wearable technology expansion, Sustainable electronics demand, AI integration in gadgets, 5G-enabled consumer products |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.46% (2025 - 2032) |
https://www.imarcgroup.com/privacy-policyhttps://www.imarcgroup.com/privacy-policy
The global organic electronics market size reached US$ 83.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 358.4 Billion by 2032, exhibiting a growth rate (CAGR) of 17.0% during 2024-2032. The market is experiencing steady growth driven by the escalating demand for flexible, lightweight, and low-cost electronic devices across various industries, the development of bendable displays, wearable sensors, efficient organic photovoltaic cells, and continuous technological advancements in organic materials and manufacturing techniques.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023 | US$ 83.9 Billion |
Market Forecast in 2032 | US$ 358.4 Billion |
Market Growth Rate (2024-2032) | 17.0% |
Increasing applications of OLED displays
The global market is primarily driven by the increasing applications of OLED (Organic Light Emitting Diode) displays. As a result of these improved characteristics in image quality, these are less flexible and consume less energy than the regular displays. These are widely used in many consumer electronics, including smartphones, televisions, and wearable devices. This growing trend is where OLED technology is playing an indispensable part in the next generation of electronic devices, thus lending major support to the market. Research estimates that in 2023, 3.4 million notebook PCs with OLED screens and 3.7 million tablet computers will be delivered for a total of 7.1 million units. These figures are expected to rise to 12.1 million OLED-displayed tablets and 5.1 million laptop PCs in 2024, for a total of 17.2 million.
Growing demand for flexible and lightweight electronic devices
One of the major factors driving the global market is the increased demand for electronic devices that are flexible and lightweight. This shift reflects evolving consumer preferences and technological advancements that prioritize portability, innovative design, and user comfort. Organic electronics, employing materials such as conductive polymers and small molecules, inherently offer flexibility and a lower weight profile compared to traditional inorganic materials, aligning perfectly with current electronic device trends. These materials are now widely used in applications such as flexible displays, lighting panels, thin-film batteries, and solar cells. The National Renewable Energy Laboratory reports that the power-conversion efficiencies of the ultra-flexible organic, perovskite, and quantum dot solar cells are 4.2, 12.85, and 10%, respectively, with power-per-weight output values of 10, 29.4, and 6.5 W g−1. This demonstrates that, in comparison to devices that do not prioritize flexibility, there is still a discernible efficiency difference.
Rising demand for automotive and healthcare industries
The rise in the global market is largely influenced by the escalating demand in the automotive and healthcare sectors. The healthcare industry is experiencing a transformation through organic electronic devices, especially with the advent of flexible wearable sensors that monitor vital signs and health markers in real time. In the automotive industry, these are essential for creating advanced, lightweight, and energy-efficient components such as OLED displays for infotainment and lighting, flexible sensors, and organic photovoltaic cells. These components are crucial for enhancing vehicle functionality and sustainability, thereby fostering innovation in car designs. It is projected that around 5 billion FHE circuits will be manufactured in 2030 based on an unbiased study conducted across more than 20 application sub-categories, from printed RFID tags to vehicle temperature sensors and from skin patches to industrial monitoring.
Widening application scope in the consumer electronics industry
The organic electronics market is undergoing significant expansion, with a rise in demand globally in recent years. This growth is attributed to the unique attributes of organic materials, which are flexible, lightweight, and cost-effective to manufacture, making them increasingly popular in various consumer electronics applications. These materials are now being integrated into an array of products, such as flexible displays, OLED TVs, e-paper, lighting solutions, and thin-film batteries, catering to the consumer's growing demand for portable, durable, and innovative electronic devices. The adaptability of organic electronics has enabled manufacturers to create previously unimaginable devices, such as foldable smartphones and wearable technology, thus pushing the market to new horizons. According to a recent Mizuho Securities analysis, OLED screens for feature phones and smartphones are expected to expand in 2019. According to Mizuho, OLED adoption will account for 29% of the display market by 2026 and increase to 80%.
Increasing applications of micro and mini-LED technologies
With growing applications, the global market has been affected in a notable proportion due to the increased application of micro and mini-LED technologies that are pivoting for next-generation display and lighting solutions. Leading technologies: it is known for its brightest output, superb energy efficiency, and color accuracy of life over traditional LEDs. Higher pixel density due to the small size of individual pixels results in sharply defined, finely detailed images, which are indispensable for high-resolution displays. A research project predicts that if they are commercialized, these LED displays would be able to replace all
The global revenue in the consumer electronics market was forecast to continuously increase between 2024 and 2029 by in total 146.3 billion U.S. dollars (+15.4 percent). After the fifth consecutive increasing year, the indicator is estimated to reach 1.1 trillion U.S. dollars and therefore a new peak in 2029. Find more information concerning the Philippines and Indonesia. The Statista Market Insights cover a broad range of additional markets.