Consumer electronics ibef

  • Consumer durables list

    Overall, the global Consumer Electronics market is expected to end 2023 in the red, due to weak demand.
    However, specific areas of growth opportunities remain, particularly for innovative devices or those that appeal to premium consumers..

  • Which are consumer durables?

    The Consumer Durables industry consists of durable goods and appliances for domestic use such as televisions, refrigerators, air conditioners and washing machines..

  • Examples of consumer durable goods include vehicles, books, household goods (home appliances, consumer electronics, furniture, tools, etc.), sports equipment, jewelry, medical equipment, and toys.
  • The Consumer Durables industry consists of durable goods and appliances for domestic use such as televisions, refrigerators, air conditioners and washing machines.
    Instruments such as mobile phones and kitchen appliances like microwave ovens etc.
3 days ago*Tech players are 

How will India's electronics industry perform in FY23?

In FY23 (April-November), electronics exports grew by 13

8%, the highest in the last 6 years

With robust growth, India aims to achieve electronics manufacturing worth US$ 300 billion in electronics exports of US$ 120 billion by FY26

By 2025, India's Consumer Electronics and Appliances Industry is predicted to be the fifth-largest in the world

What are the key highlights of the global consumer electronics & appliances market?

Some of the key highlights of the global consumer electronics and appliances market include: Revenue in the consumer electronics segment is projected to reach US$ 375

6 billion in 2020 Revenue is expected to have a CAGR of 5

5 per cent between 2020 and 2024, resulting in a projected market volume of US$ 464

5 billion by 2024

What is the future of consumer electronics in India?

Furthermore, projects such as Digital India, Make in India, and Smart Cities are expected to increase the demand for consumer electronics in India

According to India Brand Equity Foundation (IBEF), the growing TV market aids the consumer appliance market, as in the year 2020, TV penetration in India stood at 69% driven by the DTH market


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