With Germany still riding out the COVID-19 pandemic, the current assessment is that its impact is relatively mixed, but ultimately negative, following the soft lockdown from mid-March to late April 2020. COVID-19 serves as both as a reason for decline and driver for pockets of growth for certain products. Consumer Electronics in Germany...
The audio codec market is expected to grow at a CAGR of 5.5% from USD 5.9 billion in 2020 to USD 7.8 billion. Some of the Factors such as penetration of internet users which are generating traffic, demand for telecommunication devices and products as there are restrictions globally amidst the pandemic and consumer trends inclined for IoT enabled...
The COVID-19 global pandemic has had a negative impact on an already struggling Nigerian economy, and disrupted the growth of consumer electronics in the country in 2020. This was due to a combination of factors, including supply chain issues and changing consumer requirements, as citizens were forced to increasingly adopt working from home...
Overall demand for consumer electronics was down in Q2 compared to its stronger performance in 2019 for several reasons as lockdown measures were introduced in March in response to COVID-19 in Egypt. Increasing pressure on disposable incomes due to employment concerns resulted in greater discretionary spending, with many Egyptians prioritising...
The Covid-19 epidemic and the measures introduced in 2020 to control and reduce infection rates are set to lead to a steeper decline in unit sales in 2020 than witnessed over the previous year. The Kingdom introduced various curfew regulations which led to a slowdown in economic activity. Consumer Electronics in Saudi Arabia report...
The disruption and other effects of COVID-19 were particularly felt in Q1 of 2020 as the national lockdown was imposed, with parts of Austria, including Tyrol and Bregenz, suffering high infection rates. As a result of businesses closing and industries halting, the unemployment rate rose rapidly between March and April. Consumer Electronics...
The outbreak of COVID-19 in Norway is expected to lead to a decline in volume growth of 10% for consumer electronics, compared to a decline of 2% recorded in 2019. The areas set to be impacted the most are portable players, home audio and cinema and in-car entertainment; all of which are predicted to record a double-digit decline in volume...
Soundbar Market Research Report by Application (Computer System, Music Players, and TV Sets) - Global Forecast to 2025 - Cumulative Impact of COVID-19 Market Statistics: The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. This helps organization leaders make better...
COVID-19 has had a minor negative impact on consumer electronics, stemming from both supply side disruptions and changes in demand patterns. Consumer Electronics in Singapore report offers a comprehensive guide to the size and shape of the in-home, portable and in-car consumer electronics products markets at a national level. It provides...
Consumer electronics last recorded retail volume growth in the Philippines in 2015, with ongoing declines throughout the review period. However, there was a glimmer of hope in 2029, which registered only a minor decline in retail volume sales. The implementation of the Tax Reform for Acceleration and Inclusion Act (TRAIN) began in 2018 with...