With the continuous progress of technology and consumers’ pursuit of high quality, convenience and personalized experience, consumer electronics products are leading the market.The “2023-2028 China Consumer Electronics Industry Market Demand and Investment Consulting Report” points out that,
in 2017, the global consumer electronics industry market size has reached 61325 billion yuan. With the steady growth of the global consumer electronics industry market size, it has reached 7235.9 billion yuan by 2021, and grew to 7,541.5 billion yuan by 2022, which is a huge market size and a very broad market prospect.
Now from the five major industry trends to analyze the prospects for the consumer electronics industry in 2023.
01 Industry Intelligence
Influenced by the development of new-generation communication technologies such as mobile Internet, Internet of Things, cloud computing, big data and 5G, smart terminals such as smartphones and tablet PCs have gradually become the mainstay of consumer electronic products, and with the increasing maturity of artificial intelligence and Internet of Things technologies, more and more consumer electronic products are integrated with intelligent functions. From smartphones to smart homes and smart wearable devices, intelligence has penetrated into all aspects of people’s lives.
The emergence and development of smart wearable devices marks a new level of consumer electronics product intelligence. In the future, consumer electronic products will be more intelligent, able to interact with people through voice, gestures and other ways to achieve a more convenient, personalized user experience. Consumer electronics functional devices affect the performance, quality, user experience of consumer electronics products, is an indispensable component of consumer electronics products, the further development of the consumer electronics industry will lead to the rapid development of consumer electronics functional devices industry.
02 Industry Environmentalization
Intelligence can be expressed in the intelligent control, assisted decision-making and intelligent interaction of products. Nowadays, smart phones can be equipped with voice assistants to realize voice recognition and intelligent recommendation functions; smart home appliances can realize remote control and intelligent adjustment through networking and remote control. Intellectualization not only improves the function and convenience of products, but also brings better user experience and promotes the innovative development of the consumer electronics industry.
03 Individualized Demands
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The consumer electronics industry is moving towards personalization. With technological advances and people’s pursuit of personalized experiences, more and more consumer electronics products are introduced with customization options. From smartphones to home appliances, consumers can customize the appearance, functions and configurations of products according to their preferences and needs. In addition, the application of artificial intelligence technology has enabled consumer electronics products to provide more personalized services and experiences by learning users’ habits and preferences. Personalization not only enhances user satisfaction, but also promotes innovation and development in the industry.
Consumer electronics companies will pay more attention to green production and reducing resource waste by adopting more environmentally friendly materials and processes. At the same time, the energy efficiency of products will be improved to reduce dependence on energy resources. This will help to reduce the impact on the environment and meet consumer demand for green products.
04 Functional Diversification
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With the intensification of competition in the industry, the replacement speed of consumer electronics products is accelerating, and new intelligent terminal products are emerging one after another. The technological innovation and demand growth of the downstream industry has put forward higher and higher requirements on the performance and quality of consumer electronics functional devices. For example, consumer electronics products are becoming more and more rich in functions and smaller in size, and their heat dissipation performance is subject to greater constraints, and the emergence of graphite-based heat dissipation components has effectively solved the problems in the development process of consumer electronics.
With the continuous emergence and application of new materials, new technologies, to achieve the continuous increase in functionality, consumer electronics functional device varieties, specifications and models will be more abundant, can effectively promote the rapid development of consumer electronics products.
05 Service Integration
With the development of the consumer electronics industry, downstream customers for cost, efficiency considerations, consumer electronics functional device manufacturers are required not only to provide qualified products, but also to be able to provide new products according to the requirements of the R & D program. Therefore, the consumer electronics functional device manufacturers need to provide a total solution covering product design, research and development, production, testing and after-sales service, so as to meet the differentiated needs of customers. It can be seen that the consumer electronics functional device manufacturers from a single production to a comprehensive service change is the inevitable result of the long-term development of the industry.
Source:China Reporting Hall,Sihan Industrial Research Institute.
