China Consumer Electronics Market Size & Outlook
China consumer electronics market, 2018-2030 (US$M)
Related Markets
China consumer electronics market highlights
- The China consumer electronics market generated a revenue of USD 201,674.7 million in 2023 and is expected to reach USD 353,812.6 million by 2030.
- The China market is expected to grow at a CAGR of 8.4% 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.
Consumer electronics market data book summary
| Market revenue in 2023 | USD 201,674.7 million |
| Market revenue in 2030 | USD 353,812.6 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Smartphones |
| Fastest growing segment | E-readers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 17.7% of the global consumer electronics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China consumer electronics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 145,592.1 million by 2030.
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Consumer Electronics Market Scope
Consumer Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 51.28% in 2023. Horizon Databook has segmented the China 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.
Major players, such as OnePlus, Lenovo, ZTE Corporation, and Huawei Technologies Co., Ltd., are dominating the Chinese consumer electronics market. However, other vendors, including Vivo, Oppo, and Realme, are also trying to mark their presence in the market by offering affordable, innovative, and feature-packed consumer electronics. China is home to several component manufacturers and assemblers.
Key market players, such as Apple Inc. and Samsung Electronics Co., Ltd., heavily rely on these component manufacturers and assemblers. Hon Hai Precision Industry Co., Ltd., with its facilities in China, manufactures and assembles several of Apple Inc.’s smart electronics and technology products.
Thus, the presence of key contract manufacturers and component manufacturers, coupled with the easy availability of various resources, is expected to drive the growth of the Chinese consumer electronics 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 country-level data and insights on the China consumer electronics market , including forecasts for subscribers. This country databook contains high-level insights into China consumer electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China consumer electronics market size, by product, 2018-2030 (US$M)
China Consumer Electronics Market Outlook Share, 2023 & 2030 (US$M)
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