Global Consumer Electronics Manufacturing - Market Research Report (2013-2028)
New York, United States
Last Updated: September 2023
C2525-GLRevenue
$1.6tr
Past 5-Year Growth
Profit
$XX.Xbn
Employees
17m
Businesses
3,719
Wages
$XXX.Xbn
Global Consumer Electronics Manufacturing industry analysis
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.
Trends and Insights
- Consumer electronics manufacturers have faced headwinds. The outbreak of COVID-19 and supply chain woes have hindered the performance of consumer electronics manufacturers.
- 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 segment.
- Manufacturers concentrate heavily in North Asia. Manufacturers outsourcing production in low-wage countries like China and large manufacturers based in Japan and South Korea contribute to production in North Asia.
- Consumer electronics manufacturers face stiff internal competition. Consumer electronics manufacturers compete based on price, brand recognition and innovation. Short product life cycles have ramped up competition, spurring investment in improving existing products and developing new ones.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $1.6tr in 2023.
Trends and Insights
The outbreak of COVID-19 hindered manufacturers' performance
- The outbreak of COVID-19 led to economic uncertainty and falling consumer sentiment, which reduced consumer spending on discretionary high-value consumer electronics in 2020.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Consumer electronics manufacturers to recover
- Supply chain woes and semiconductor shortages have led some governments to spur domestic semiconductor manufacturing through investments and subsidies.
Biggest companies in the Global Consumer Electronics Manufacturing
| Company | Market Share (%)
2023 | Revenue ($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 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
Products & Services Segmentation
Global Consumer Electronics Manufacturing
Products & Services
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.
Trends and Insights
Supply chain woes and incremental innovations slow growth from telephones and mobile devices
- This segment comprises telephones, mobile phones, smartphones and internet-enabled mobile devices like tablets.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Global Computer Hardware Manufacturing
Complementors
- Global Household Cooking & Appliance Manufacturing
- Global Semiconductor & Electronic Parts Manufacturing
- Global Automobile Engine & Parts Manufacturing
- Global Engineering Services
International industries
- Copier & Optical Machinery Manufacturing in the US
- Audio & Video Equipment Manufacturing in the US
- Headphone Manufacturing in the US
- Audio & Video Equipment Manufacturing in Canada
- Photographic and Optical Goods Manufacturing in Australia
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Mobile music player manufacturingDVD player manufacturingHome theater audio and video equipment manufacturingLoudspeaker manufacturingMicrophone manufacturing Public address system and equipment manufacturingRadio receiving set manufacturingTV set manufacturingCellular phone and mobile device manufacturingVideo camera manufacturingCompanies
Hon Hai Precision Industry Co. Ltd.Samsung Electronics Co. Ltd.Huawei Technologies Co. Ltd.Purchase this report to view all 6 major companies in this industry.
Related Terms
LIQUID CRYSTAL DISPLAY (LCD)DVDCDPLASMA TVMP3 PLAYEROUTSOURCEOFFSHORECATHODE RAY TUBE (CRT)ULTRA HIGH-DEFINITION TV (UHDTV)Industry Code
C2525-GL - Global Consumer Electronics Manufacturing
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Consumer electronics manufacturers have faced headwinds. The outbreak of COVID-19 and supply chain woes have hindered the performance of consumer electronics manufacturers.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
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...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Manufacturers concentrate heavily in North Asia. Manufacturers outsourcing production in low-wage countries like China and large manufacturers based in Japan and South Korea ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2023
- Share of population compared to output in each region in 2023
- Data tables
- Share of global output by region in 2023
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Consumer electronics manufacturers face stiff internal competition. Consumer electronics manufacturers compete based on price, brand recognition and innovation. Short product...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
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...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Hon Hai Precision Industry Co. Ltd.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Samsung Electronics Co. Ltd.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Huawei Technologies Co. Ltd.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 3 additional companies
Detailed analysis
- Description and key data for Hon Hai Precision Industry Co. Ltd., and factors influencing its performance in the industry
- Description and key data for Samsung Electronics Co. Ltd., and factors influencing its performance in the industry
- Description and key data for Huawei Technologies Co. Ltd., and factors influencing its performance in the industry
- Description, key data and performance trends for 3 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Consumer electronics manufacturers enjoy moderate regulations. Manufacturers must comply with regulations regarding intellectual property, product safety, labeling, consumer ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Various factors have hindered profit growth. Climbing labor costs and supply chain woes increasing transportation costs have subdued manufacturers’ profit.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Consumer Electronics Manufacturing industry in Global in 2024?
The market size of the Global Consumer Electronics Manufacturing industry in Global is $1.6tr in 2024.
How many businesses are there in the Global Consumer Electronics Manufacturing industry in 2023?
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.
Has the Global Consumer Electronics Manufacturing industry in Global grown or declined over the past 5 years?
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.
What is the forecast growth of the Global Consumer Electronics Manufacturing industry in Global over the next 5 years?
Over the next five years, the Global Consumer Electronics Manufacturing industry in Global is expected to grow.
What are the biggest companies in the Global Consumer Electronics Manufacturing market in Global?
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.
What does the Global Consumer Electronics Manufacturing in Global include?
Mobile music player manufacturing and DVD player manufacturing are part of the Global Consumer Electronics Manufacturing industry.
Which companies have the highest market share in the Global Consumer Electronics Manufacturing in Global?
The company holding the most market share in Global is Hon Hai Precision Industry Co. Ltd..
How competitive is the Global Consumer Electronics Manufacturing industry in Global?
The level of competition is high and steady in the Global Consumer Electronics Manufacturing industry in Global.
