In 2016, there was a fall of 3% in terms of volume in retail sales of electronic components market in United States. Wearable electronics, a new product, did not show a faster growth or improvement in overall sales, but the former category like tablets and smartphones had shown a constant growth in review period. Substitutive category including sound bars and wireless speakers are some of the popular products that often serve the purpose of various gadgets, which leads to decrease in volume sales of electronic components as a whole.
According to the market research report “United States Electronic Components Market Research Report Forecast 2017 to 2022“, in 2015, there was a domination throughout the year of smart watches launched by Apple. In addition, the launch of AV/VR headset is the biggest story in the electronics industry in 2016. Ongoing growth of wireless speakers in toys and games has posted 32% growth in terms of volume as technology continued to find its way into US homes in 2016. For integrated Bluetooth and Wi-Fi and in simple home audio, wireless speakers appear to be the future into additional models.
Apple Inc. has led the market of electronic components in United States in terms of volume sales in 2016. However, from three consecutive years the sales of smartphones and tablets are decreasing in Apple’s share of retail consumer electronic sales. In 2016, there was a substantial headway in consumer electronics by international manufacturer ZTE USA Inc., which had shown an appreciative growth in smartphones sales because of company advertising skills.
Through omnichannel strategies, there is a continuous advancement in Brick-and-mortar retailers because of implementation of this model from several years by Besy Buy retailers. Over the forecast period from 2016 to 2021, the sales in terms of volume of retail electronic components will struggle in growth. There is being maturity of higher growth category among smartphones and tablets. The impact of wireless and wearable electronics was not widely spread as the huge growth rate of smartphones and tablets but these products continue to grow in the market of electronic components in United States. There is a continuous cannibalize sales of multifunctional devices with high penetration like a device which can function largely as smartphones and tablets such as media player.
Key Factors Considered in the Report
United States Electronic Components Market Research Report
United States Electronic Components Market Size
United States Electronic Components Market
United States Electronic Components Trade Market
United States Electronic Components Production Output
United States Electronic Components Import Volume
United States Electronic Components Export Volume
United States Electronic Components Market Future Outlook
United States Electronic Components Market Competition
United States Electronic Components Retail Market
United States Electronic Components Market Growth Rate
Us Smartphones Market Research
Us Bluetooth Devices Market Research
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Ankur Gupta, Head Marketing & Communications