$1.6tr
$XX.Xbn
17m
3,719
$XXX.Xbn
Over the current period, consumer electronics manufacturers have faced declines. The outbreak of COVID-19 lowered consumer spending, manufacturing output and trade volumes in 2020. Many of the largest manufacturers have faced declines as competition from one another and smaller manufacturers has increased. Overall, industry-wide revenue has been falling at a CAGR of 0.3% over the past five years and is expected to total $1.6 trillion in 2023, when revenue will jump by an estimated 2.6% and profit will dip to 3.5%. Semiconductor shortages have negatively impacted consumer electronics manufacturers, leading to climbing smartphone prices. Higher smartphone prices and only incremental improvements in devices year to year have led to lagging sales. Supply chain woes have also decreased output from automobile and airplane manufacturers, hindering growth for consumer electronics manufacturers. Over the outlook period, consumer electronics manufacturers will return to growth. As supply chain woes begin to subside, consumer electronics manufacturers will enjoy growth from increased automobile and airplane production volumes. Competition will continue to ramp up in countries with low smartphone penetration. Following supply chain woes over the current period, many manufacturers will look to diversify their supply chains to avoid future disruptions. Foxconn and Pegatron have invested in new facilities to ramp up iPhone production in India. Industry revenue is forecast to grow at a CAGR of 3.1% through the end of 2028 to total $1.9 trillion.
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $1.6tr in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Hon Hai Precision Industry Co. Ltd. | 149,617.6 | 3,935.4 | 2.6 | |
Samsung Electronics Co. Ltd. | 78,273.9 | 7,922.0 | 10.1 | |
Huawei Technologies Co. Ltd. | 33,573.6 | 3,069.2 | 9.1 |
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Industry revenue is measured across several distinct product and services lines, including Telephones and mobile devices, Visual products and Audio products. Telephones and mobile devices is the largest segment of the Global Consumer Electronics Manufacturing.
Supply chain woes and incremental innovations slow growth from telephones and mobile devices
This industry manufactures electronic audio and video equipment for consumer end use, including home entertainment systems, public address and musical instrument amplifications as well as mobile devices such as cellular phones and tablets. Examples of products include TVs, stereo equipment, speaker systems, consumer video cameras, jukeboxes and video game consoles. However, while mobile devices are included in this industry, computer hardware is not.
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Consumer electronics manufacturers have faced headwinds. The outbreak of COVID-19 and supply chain woes have hindered the performance of consumer electronics manufacturers.
Learn about an industry's products and services, markets and trends in international trade.
Telephone and mobile device sales are dropping. Supply chain woes pushing up the cost of smartphones and incremental advancements in smartphones have slowed growth in this se...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Manufacturers concentrate heavily in North Asia. Manufacturers outsourcing production in low-wage countries like China and large manufacturers based in Japan and South Korea ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Consumer electronics manufacturers face stiff internal competition. Consumer electronics manufacturers compete based on price, brand recognition and innovation. Short product...
Learn about the performance of the top companies in the industry.
The largest manufacturers look to diversify their supply chains. Foxconn and Pegatron have invested in production facilities in India to strengthen their production of iPhone...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Consumer electronics manufacturers enjoy moderate regulations. Manufacturers must comply with regulations regarding intellectual property, product safety, labeling, consumer ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Various factors have hindered profit growth. Climbing labor costs and supply chain woes increasing transportation costs have subdued manufacturers’ profit.
Including values and annual change:
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The market size of the Global Consumer Electronics Manufacturing industry in Global is $1.6tr in 2024.
There are 3,719 businesses in the Global Consumer Electronics Manufacturing industry in Global, which has declined at a CAGR of 0.1 % between 2018 and 2023.
The market size of the Global Consumer Electronics Manufacturing industry in Global has been declining at a CAGR of 0.3 % between 2018 and 2023.
Over the next five years, the Global Consumer Electronics Manufacturing industry in Global is expected to grow.
The biggest companies operating in the Global Consumer Electronics Manufacturing market in Global are Hon Hai Precision Industry Co. Ltd., Samsung Electronics Co. Ltd. and Huawei Technologies Co. Ltd.
Mobile music player manufacturing and DVD player manufacturing are part of the Global Consumer Electronics Manufacturing industry.
The company holding the most market share in Global is Hon Hai Precision Industry Co. Ltd..
The level of competition is high and steady in the Global Consumer Electronics Manufacturing industry in Global.