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Consumer Electronics - an overview
Though some have speculated that, much like the PC, all consumer electronic tasks will eventually converge into a single device, the reality is that there are a wide range of devices available today. However, over the past decade, there has been a convergence of consumer electronics devices around a common set of functionalities that are enabled by common architectural elements.
The expanding markets for consumer electronics, EVs, and portable products could lead to the introduction of cutting-edge battery solutions. According to the latest data from the battery market research studies, improved anode and cathode materials for high-voltage Li-ion chemistries portend the introduction of batteries with higher gravimetric energy densities. Additionally, there may be accessible new technologies that merge batteries and super capacitors.
Consumer Electronics Applications & Products List
1. Security Camera
Many people now place a premium on personal safety and confidentiality. A security camera can keep an eye on the suspicious activity in and around your house, deterring potential intruders.
- Business needs
- Monitoring Babies
- Thermal Applications
- Home Security
- Monitoring Pets
- Security needs
- Store Security
2. Laptops and Computers
These days, most people consider their laptop to be a close confidant because of its many useful functions and capabilities. It's great for new professionals in the business world, investors, software developers, and tech fans.
- Battery life that lasts for hours on end and speedy 32-bit and 64-bit CPUs are ideal for extended use.
- Graphics Processing Unit, or GPU, for using with 3D software and games
- Super-fast Ethernet connection for online work.
3. Video Game Consoles
In order to promote healthy mental and emotional development in youngsters, entertainment is crucial. There have been several iterations, and now the most recent advancements in 3D technology allow for fluid, real-time gameplay.
- Uses in 3d play stations
- Multiplayer Playstation with internet Capability
4. Fit Bit Exercise Watches
There is growing recognition that maintaining a healthy lifestyle includes a focus on physical fitness. To increase our longevity, we must routinely monitor our health indicators.
- Monitors heartbeat rate
- Weight of a person
- Tracks sports activities
- Sleep Tracking
- Breath tracking
Everyone can benefit from learning how to capture life's precious moments through the lens of a camera. Advanced cameras are being created to make imaging and photography simpler than ever.
- News Production
- Processional Camcorder for Cinematography
- Content Management and Outside Production
- Live and Studio Production
If you need to do any kind of bookkeeping, banking, or finance, you'll need to do the Calculation. There are many uses for calculators. Common math, trigonometry, and algebra problems may all be solved quickly and efficiently.
- Real estate like Banking and Financing
- Computer Science and Medicine
- Engineering and Surveying
7. Vacuum Cleaners
Large-scale cleaning is a tedious chore for anyone. Handheld vacuums are constantly being improved to lessen the workload on the user. Handheld vacuums can't reach all the dusty crevices in your home.
- Increases Efficiency
- Cleaning the Floor
The interior heat of a refrigerator is dissipated into the surrounding air, thereby lowering the appliance's internal temperature. The low temperature is kept primarily to slow the growth of microbes.
- Fruit and vegetable storage and processing
- Beverages like Alcohol, Wine, and Beer
- Storing Meat, Fish, and Poultry
- Milk, Ice Cream, Cheese, Butter Milk
9. Audio System or Home Theaters
Listen to music or watch a movie with a high-quality streaming experience without leaving your house. Blu-ray Discs combine a very high data density with high-definition audio.
In the realm of audio, you can find gadgets like soundbars, digital voice recorders, soundcards, and soundbars.
10. Smart TV
Having a TV in the house these days is like having another member of the family there. Most people nowadays spend their time in front of smart TVs, which can be linked to mobile devices to allow for the streaming of videos and the sharing of favorite photographs. Services similar to Netflix, YouTube, the BBC iPlayer, and more are available.
11. Smart Phone
- Extensive functionality enabled by numerous in-built sensors (Accelerometer, GPS, Magnetometer, Gyroscope, etc.).
- The highest quality cameras and best user interface possible up front.
- Auto Brightness functionality based on an ambient light sensor for use in low-light environments.
- Battery life is increased because to the addition of proximity sensors. When the smart device detects the user's ear and cheeks, it enters sleep mode and shuts down.
- Locks and doors that require a fingerprint to open them securely
- Facial recognition software for quick access
12. Washing Machines
Smart inverter technology is standard in automatic washing machines. Front-loaders, Washing Dryers, Semi-Automatics, and Top-loading machines are just some of the options for laundromat convenience. The washing machine simplified the lives of working mothers.
13. Air Purifier
Pets, cleaning products, the exhaust from a stovetop, and other household appliances all contribute to a more toxic inside environment than the outside air. An air purifier is a must-have in homes with allergy sufferers or people with respiratory issues.
14. Water Purifier
Water purifiers are essential for reducing hazardous effluents and enhancing public health. UV rays and Reverse Osmosis are widely used in water purification systems.
Future of Consumer Electronics in India?
From 2022 to 2030, the Consumer Electronics industry in India is projected to increase from its 2021 valuation of USD 71.17 billion at a CAGR (compound annual growth rate) of 6.5%.
1. Macroeconomic Indicators and Consumer behaviors
Considering the country's macroeconomic outlook, India is a promising market for retailers and manufacturers of consumer goods.
2. Policy environment, challenges for the ACE Sector and the way forward
The economic climate in India is shifting dramatically, and the country is expanding rapidly. This section examines the prevailing policy framework, key obstacles, and recommended next steps for the industry to continue its upward trajectory.
3. GST has it made the industry more nimble?
The Goods and Services Tax (GST) has been in effect in India for longer than a year. Due to the scope of its potential effects, a final judgment may be premature. In any case, its influence is significant enough to warrant analysis of its successes and failures. Now is a great time to test out novel, more productive approaches to doing business that are motivated primarily by financial considerations.
4. Supply chain in the ACE sector and emerging trends
In the past, India's consumer goods supply chain has been more of a bottleneck than a help to commerce. Recent developments, such as rising petrol prices, have simply added gasoline to the fire of the logistics industry's long-standing problems, such as a lack of cohesive players and a shaky infrastructure. India invests 14% of its GDP in logistics despite low quality standards, compared to 6-9% in wealthy countries.
Consumer Electronics Market Size 2022 to 2030
From 2022 to 2030, the consumer electronics market in India is projected to expand at a CAGR of 6.5%, reaching USD 124.94 billion.
2. Key Companies and Market Share Insights
There are both foreign and native players in this market. Innovation and the introduction of new products are two methods emphasized by major companies in the industry as they seek to broaden and improve their product offerings. At Samsung's CES 2022 booth in December 2021, you might see the Bespoke Washer, Bespoke JetTM vacuum cleaner, first-ever Bespoke French Door refrigerator, Bespoke kitchen package, and Dryer.
- L.G Electronics
- Vijay Sales
- Mitsiubishi Electric
- Sony Corporation
- Baja Electricals
3. Product Insight
In 2021, smartphones generated over 30.0% of all revenue. Growth in the refrigerator market is anticipated between 2022 and 2030. Increasing production, new product introductions, and government backing have all contributed to the growth of India's refrigeration sector. Companies use price competition to increase their market share. An important trend in the market is the spread of refrigerators to rural areas.
Is Consumer Electronics a FMCG?
Fast-moving consumer goods (FMCGs) are any mass-produced items that have a low per-unit cost and a high turnover rate. While the profit margins on fast moving consumer goods (FMCG) are often lower than those on other types of products, the consistent demand for these goods helps to generate high sales volumes, which in turn generate a solid cumulative profit.
Sales of electronic items like air conditioners and refrigerators declined 25% month over month in June, showing that increased prices continue to dampen demand.
According to the most recent data from Bizom and projections from the consumer electronics and fast moving consumer goods sectors, this is the second straight sequential fall.
Technology that helps people live easier and more comfortable lives, such as consumer electronics, is experiencing a boom in popularity. I have faith that the smoothest possible future products will result from the most recent developments in consumer electronics.
FAQs: Consumer Electronics
Q. What are Consumer Electronics Used For?
Ans. Home electronics are electrical gadgets purchased by the general public for personal use such as communication, entertainment, and recreation.
Q. Is a TV a Consumer Electronic?
Ans. Yes, different types of TVs comes in a Consumer Electronic Category.
Q. How Big is the Consumer Electronics Industry?
Ans. By 2025, the value of India's appliances and consumer electronics market is expected to increase by 100%, reaching INR 1.48 lakh cr. In 2021-22, India will produce electronics worth $80 billion, or INR 640,810 crore.
Q. What is considered a consumer electronic?
Ans. DVD players, MP3 Players, TV Sets, Laptops, Printers, Radio Receivers, Telephones, Cell Phones, Computers, paper Shredders, Refrigerators, Washing Machines, Calculators, and others are considered consumer Electronics.
Q. Is Consumer Electronics a Growing Industry?
Ans. Yes, with increasing internet access around the world, the consumer electronics industry is expected to grow at a CAGR of over 8% from 2021 to 2027, from a 2020 valuation of over USD 1 trillion.
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