Consumer electronics in 2024: The big picture
Despite lingering concerns over budgets amid the high cost of living, demand for consumer electronics in Australia is improving in 2024. The industry faced several years of retail volume decline due to major challenges as a result of the rising cost of living and inflation, which severely affected major categories as consumers became more sensitive to spending on big-ticket items.
2024 key trends
Affordable indulgence has emerged as a trend in consumer electronics. Australians have become more aware and cautious of their expenditure, and they are more sensitive about purchasing big-ticket items.
Competitive landscape
Apple Computer Australia Pty Ltd and Samsung Electronics Australia Pty Ltd maintain their convincing leadership of consumer electronics in Australia. Their wide presence and strong brand loyalty have solidified their positions as the leading players.
Retailing developments
In a post-pandemic context, physical stores maintain their importance within the customer’s purchasing journey, with appliances and electronics specialists dominating overall distribution. Many Australians like to visit these outlets to test the products and discuss their requirements with in-store assistants.
What next for consumer electronics?
Demand for consumer electronics in Australia is expected to continue growing over the forecast period. New innovations, such as the integration of AI, are expected to differentiate between old and new technologies.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Electronics industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Computers and Peripherals
- In-Car Entertainment
- Home Audio and Cinema
- Home Video
- Imaging Devices
- Mobile Phones
- Portable Players
- Wearable Electronics
If you're in the Consumer Electronics industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Electronics in Australia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Electronics in Australia?
- Which are the leading brands in Australia?
- How are products distributed in Australia?
- How is the rise of e-commerce changing the retail landscape?
- How has COVID-19 and accordant macroeconomic and retail disruption impacted consumer demand?
- How are considerations such as urban development and the rise in single-person households driving sales growth?
- Where is technology taking the market? Which products are pioneering growth? Which face obsolescence?
- Where is future growth expected to be most dynamic?
Consumer Electronics in Australia
Consumer electronics in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer electronics?
DISCLAIMER
Computers and Peripherals in Australia
KEY DATA FINDINGS
High cost of living in Australia continues to negatively impact demand
Gamers comprise dynamic consumer segment for computer and peripherals
Market seasonality helps drive volumes during discount periods
More positive outlook for laptops over the forecast period
Apple likely to retain leadership through innovation and regular launch of new models
Peripherals will struggle over the forecast period
In-Car Entertainment in Australia
KEY DATA FINDINGS
In-car navigation continues to face strong competition from smartphones
Rise in new car sales reduces attractiveness of aftermarket for in-car entertainment
Cars have become an entertainment ecosystem
Players need new strategies to stay relevant in declining category
Combination of entertainment and safety can support demand
Consumers increasingly demand seamless installation for visual appeal
Home Audio and Cinema in Australia
KEY DATA FINDINGS
Home audio and cinema continues to lose ground, but still attracts niche audience
Soundbars is outstanding performer in declining category
Wireless technology is significant influence behind decline
AI and voice assistant integration can reduce value decline
Increasing demand for better sound quality
Niche status for many products due to increasing competition from portable players
Home Video in Australia
KEY DATA FINDINGS
OLED TVs loses momentum as result of affordable indulgence trend
Subscription entertainment supports rising demand for internet smart TVs
Chinese brands continue to make gains within home video
Summer Olympic Games offers potential short-term boost to category sales
TV legislation: Free-to-air channels to internet smart TVs
AI-enhanced televisions to increase competition in the local market
Headphones in Australia
KEY DATA FINDINGS
TWS earbuds remains most dynamic performer
Wireless headphones complement the connected environment
Premium segment continues to outperform mass models
TWS earbuds offers further growth potential over forecast period
Promotions will be key to maintaining volume sales growth
Physical stores will remain important aspect of shopping experience
Imaging Devices in Australia
KEY DATA FINDINGS
Improving features helps reverse declining trend in imaging devices
Passion drives demand among photography enthusiasts
Gathering information, e-commerce and the importance of physical stores
Generation Z - born in a digital era but attracted by analogue
Content creation will focus on hybrid cameras
Digital models continue to innovate to capture action market
Mobile Phones in Australia
KEY DATA FINDINGS
Trading in old models for premium smartphones in inflationary environment
5G access and larger screens create new standards for smartphones
Apple and Samsung retain lead due to strong brand loyalty
AI features to increasingly influence development of smartphones
Australians are early adopters of premium models, supporting future value growth
Demand for feature phones to continue declining, appealing to niche audience
Portable Players in Australia
KEY DATA FINDINGS
Wireless speakers continues to drive category growth
Brands of e-readers attempt to create more innovative solutions amid decline
Smart wireless speakers continue to penetrate Australian households
Polarisation within wireless speakers likely as category matures
E-readers set to lose further ground as non-essential device
Physical stores will maintain importance as part of path to purchase
Wearable Electronics in Australia
KEY DATA FINDINGS
Health and wellness trend continues to drive demand for wearable electronics
Digital options continue to appeal to consumers due to greater functionality
Australians maintain preference for Apple Watch, driven by dominant smart wearables
Battery life along with fashion aspect to remain important features
Australia’s ageing population to maintain interest in health
5G should positively influence sales
The following categories and subcategories are included:
Consumer Electronics
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- Desktops
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- Laptops
- Tablets
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- Monitors
- Printers
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- In-Car Navigation
- In-Car Speakers
- In-Dash Media Players
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- Audio Separates
- Digital Media Player Docks
- Hi-Fi Systems
- Home Cinema and Speaker Systems
- Speakers
- Other Home Audio and Cinema
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- Analogue TVs
- LCD TVs
- OLED TVs
- Plasma TVs
- Other TVs
- TV Combis
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- BD Players
- DVD Players
- Video Recorders
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- Mass Wireless Headbands
- Premium Wireless Headbands
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- Mass Wireless Earphones
- Premium Wireless Earphones
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- Mass TWS Earbuds
- Premium TWS Earbuds
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- Digital Cameras
- Digital Camcorders
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- Feature Phones
- Smartphones
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- E-Readers
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- Portable Multimedia Players
- Other Portable Media Players
- Wireless Speakers
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- Activity Bands
- Activity Watch (Analogue)
- Activity Watch (Digital)
- Smart Wearables
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Consumer Electronics
Consumer Electronics refers to the sales of Computers and Peripherals, In-Home Consumer Electronics, In-Car Entertainment and Portable Consumer Electronics to the end consumer.
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This report originates from Passport, our Consumer Electronics research and analysis database.
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