INDONESIA CONSUMER ELECTRONICS MARKET TREND, MARKETING STRATEGY, APPLICATION, REGIONAL GROWTH, SIZE, SHARE, FORECAST

(Source:The daily Chronicle)Indonesia consumer electronics market size is increasing rapidly driven by the growing adoption of wireless connectivity of several electronic devices. Increasing investments in R&D in consumer electronics and technological advancements, coupled with the growing popularity of wearable electronic devices are driving the market in Indonesia. Advancements like the emergence of IoT across fitness bands and the growing popularity of smart devices provide an opportunity for market growth in this country.

The global Consumer Electronics market is poised to register a growth of 2.91% CAGR over the forecast period. Changing lifestyle preferences, rise in middle-class, growing inclination toward using smart electronic devices are the primary factors increasing the growth of the global consumer electronics market. Besides, the high disposable income of consumers, along with the growing Internet users is likely to expand the growth of electronic devices in the future.