The consumer electronics industry is sitting on the pedestal of constant evolution and rapid growth. Endowed with a diverse product spectrum, the expanse of which seems to be increasing by the day—the consumer electronics market, as of today, stands as one of the most remunerative verticals of the electronics space. The Asia Pacific region is touted to become the most developing region in the geographical landscape of the consumer electronics market. This can be credited to a plethora of factors and mainly includes the improved economic conditions and high disposable incomes of the rising middle-income countries. These factors combined, have led to an escalated demand for products such as digital imaging equipment, television sets, speakers, refrigerators, and more.
In recent years, the emergence of new products and developments has led to significant investment and innovation such as smart technologies and their implementation in electronic component manufacturing has further strengthened the prospects of the consumer electronics industry. The sphere has a lot to contribute to its parent domain—2019 is expected to be an important year for consumer technology with the launch of the first 5G enabled smart-phones, advanced AI consumer applications, autonomous-driving cars, 8K resolution television sets and so on. The core consumer electronics market players are shifting their manufacturing strategies as per the changing technologies. Due to the rapid proliferation of smart technology, electronic devices that have undergone the maximum change of dynamics are audio & video equipment. For instance, companies are making its Wi-Fi connected smart appliances compatible with Google Assistant and Amazon Alexa to close the technological-gap and increase user-friendliness. Manufacturers are integrating the same in devices such as speakers and television sets. The emergence of 4K, 8K, and higher resolution systems are already bringing in significant changes to the consumer electronics market outlook. In addition, popular video content and broadcasting companies are contribution toward the trending ultra-high definition systems movement by focusing on developing 4K content. With the introduction of the next generation, 5G mobile data network technology promises to speed-up the way today’s cellular and cable operators provide data. However, the application still far-fetched from being publicly available, the 5G products and services can offer a glimpse into what is in store for other devices.
To help organizations select the best vendors and advance their initiatives, a distinguished panel comprising of prominent CEOs, CIOs, VCs, and industry analysts, along Embedded Advisor Magazine’s editorial board has assessed and shortlisted consumer electronics solution providers that are at the forefront of providing cutting-edge technology solutions. These companies offer robust solutions coupled with innovative strategies that are distinctively prominent in the field. We present to you “Top 10 Consumer Electronics Solution Providers in APAC 2019”.
