Consumers love electronic gadgets. Demand for consumer electronics, such as flat-screen TVs, headphones and high-definition sound systems, is growing as prices fall and new products are released. However, the steep drop in prices has negatively affected the value of sales. Additionally, consumer electronics are increasingly being manufactured in foreign countries where labour costs are low and supply chains are deep. The industry is highly globalised, with exports estimated to account for £1.8 billion of revenue and imports for approximately £6.2 billion of domestic demand in 2015-16.
Companies in the Consumer Electronics Manufacturing industry manufacture electronic audio and video equipment for home entertainment, motor vehicle computers, video game consoles, public address systems and musical instrument amplifiers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.