Electronic products market is anticipated to grow at a CAGR of 12.7% during the forecast period (2024-2031). An increase in the use of smart TVs, smart wearables, smartphones, and tablets, with integrated AI technology drives the growth of the electronic product market. The growing adoption of AI features to turn household appliances and electronic products into smart machines that control and optimize their own functionality is the key factor supporting the growth of the market globally.  According to the United States International Trade Commission (USITC), in 2021, electric product imports from China, Taiwan, Thailand, and South Korea. Within this digest, the largest increases were in laptop computers and processors, up $10.6 billion or 26.4%. Voice-activated electronic technology has become increasingly prevalent in recent years, with products such as smart speakers and virtual assistants quickly gaining popularity among users. For instance, in March 2021, Simbo.ai launched SimboAlpha, its flagship cloud-based application programming interface (API) platform that enables health tech stakeholders to voice-based electronic medical records (EMR).

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Electronic Product Market Segmentation

By Type

Audio and Video Equipment
Semiconductor

By Mode of Sales

Offline
Online

By Sales Channel

Original Equipment Manufacturer (OEM) 
Aftermarket

By End-Users

Business to Business (B2B)
Business to Customer (B2C)

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Regional Analysis           

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Johnson & Johnson
Sony Corp.
Electrolux AB
Apple Inc. 
HP Development Company, L.P. 
Huawei Technologies Co., Ltd.
Teledyne Technologies 
Allied Vision Technologies GmbH
Texas Instruments Incorporated
Intel Corp.
Baumer Group
Jai Corp.
MediaTek, Inc. 
Novartis AG.
Medtronic PLC.

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