Personal electronics market has been experiencing a paradigm shift with growing technological innovations. Generally, personal electronics is part of consumer electronics market but it specifically refers to the products used by consumers for personal purpose. Personal electronics include products like mobile phones, tablets, desktops, laptops/notebooks, digital cameras, MP3/MP4 players, e-readers, among others. Of these, mobile phones dominate the personal electronics market. Personal electronics market is transitioning from single functional products such as cameras, notebooks, MP3/MP4 players to multiple function devices such as smartphones. Smartphones integrate features of various single function products and their penetration is increasing globally.
Some of the factors like increasing disposable income, growing global population and expanding urban population are expected to drive the smartphones and handheld devices market. Additionally, in personal electronics market consumers are looking for applications which have longer battery life, latest and fast processors and larger displays along with other value-added features. The consumers are not loyal not any specific mobile platform, and they are open to experiment with various platforms such as Windows, Android and iOS. These features are expected to impact the overall growth of the market in the near term.
Personal electronics market is also witnessing an increasing popularity of wearable technology, which is segmented into wristwear, eyewear, footwear, neckwear, bodywear, among others. Of these, the wrist wearables segment, which includes smart watches and wrist bands, is expected to dominate the market. Some of the key factors expected to drive the wearable electronics market include growing preference for sophisticated gadgets, rising popularity of smart watches and wrist bands, growth prospects of next- generation displays and increasing popularity of wearable fitness & medical devices.
With maturing mobile market and adoption of newer technologies, demand for mobile content is expected to grow substantially. Generally, mobile content include applications used by mobile users to manage various forms of content such as songs, messages, mails, images, games, videos, etc.
ASDReport.com has an extensive collection of reports on personal electronics market. The reports cover various products and technologies related to the sector like feature phone, mobile handheld, smartphone, 4G handset and much more.