Asia Pacific Consumer Electronics Market Size & Outlook
Asia Pacific consumer electronics market, 2018-2030 (US$M)
Related Markets
Asia Pacific consumer electronics market highlights
- The Asia Pacific consumer electronics market generated a revenue of USD 584,380.1 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, smartphones was the largest revenue generating product in 2023.
- E-readers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 584,380.1 million |
| Market revenue in 2030 | USD 1,032,125.4 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Smartphones |
| Fastest growing segment | E-readers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smartphones, Tablets, Desktops, Laptops/Notebooks, Digital Cameras, Hard Disk Drives, Television, E-readers |
| Key market players worldwide | Apple Inc, Asustek Computer Inc DR, BlackBerry Ltd, Canon Inc, Dell Technologies Inc Ordinary Shares - Class C, Alphabet Inc Class A, HP Inc, HTC Corp DR, Huawei Technologies, Lenovo Group Ltd, LG Electronics Inc ADR, Motorola Solutions Inc, Nikon Corp, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Seagate Technology Holdings PLC, Sony Group Corp, Toshiba Corporation, ZTE Corp Class H |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 51.3% of the global consumer electronics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,032,125.4 million by 2030.
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Consumer Electronics Market Scope
Consumer Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific consumer electronics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to consumer electronics market will help companies and investors design strategic landscapes.
Smartphones was the largest segment with a revenue share of 51.26% in 2023. Horizon Databook has segmented the Asia Pacific consumer electronics market based on smartphones, tablets, desktops, laptops/notebooks, digital cameras, hard disk drives, television, e-readers covering the revenue growth of each sub-segment from 2018 to 2030.
The growing demand for affordable electronic devices with unique features is driving the growth of the Asia Pacific consumer electronics market. As such, exclusive features of the latest, modern consumer electronics devices, such as support for voice assistants, water resistance, health management, personal alerts and notifications, and advanced security systems, are increasingly being integrated into the consumer electronics being launched in Asia Pacific.
Moreover, the growing popularity of consumer electronics among the Gen Z population, especially in China, India, and Japan, bodes well for the growth of the regional market.
The active presence of both emerging market players, such as Xiaomi, Micromax, OnePlus, and Huawei Technologies Co., Ltd., and leading market players, such as Apple Inc. and Samsung Electronics Co., Ltd., is also expected to contribute to the growth of the regional market over the forecast period.
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Our clientele includes a mix of consumer electronics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific consumer electronics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific consumer electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific consumer electronics market size, by country, 2018-2030 (US$M)
Asia Pacific Consumer Electronics Market Outlook Share, 2023 & 2030 (US$M)
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