Consumer electronics in 2024: The big picture
Consumer electronics in Austria continues to witness volume decline in 2024, albeit at a much slower rate than the previous year. The decline in current value terms was significantly smaller, which had much to do with rising unit prices in smartphones, slower decline in televisions, and also steady demand for premium and innovative products.
2024 key trends
Due to the sharp decline in consumer demand, televisions have been the big problem child in consumer electronics in Austria since the pandemic. Again in 2024, declining consumption of conventional television channels and the increasing use of alternative screens, such as smartphones and laptops, remains problematic for television sales.
Competitive landscape
Samsung Electronics Austria’s namesake brand held the lead in consumer electronics over 2024, thanks to its leading positions in the key categories of smartphones and televisions. However, the brand again lost volume share in both these categories.
Retailing developments
Media Markt, the leading electronics and appliances specialist retailer, continues to implement its new global strategy in 2024. The company is transforming from a product-oriented retailer to a customer-centric service platform with the aim of guiding customers through a more complex world with constant technological innovations.
What next for consumer electronics?
Overall demand for consumer electronics is expected to decline further over the course of the forecast period, with no major growth opportunities foreseeable at the end of the review period. The expected slight increase in the average unit selling price is likely to be insufficient to compensate for falling general demand.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Electronics industry in Austria 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 Austria, 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 Austria 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 Austria?
- Which are the leading brands in Austria?
- How are products distributed in Austria?
- 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 Austria
Consumer electronics in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer electronics?
DISCLAIMER
Computers and Peripherals in Austria
KEY DATA FINDINGS
Demand for computers falls due to a myriad of reasons
Stable growth in unit selling prices continues
Apple extends its lead in computers and peripherals
Downward trend to continue amid saturation and limited buying incentives
Smartphones to increasingly challenge the status of computers
Stronger focus on sustainability
In-Car Entertainment in Austria
KEY DATA FINDINGS
Negative sales continue for in-car entertainment
Changes in retail distribution as key player comes under pressure
Media spotlight on navigation devices
In-car entertainment will become more and more obsolete
Lower importance of owning a car will also dent sales
Likely end of Forstinger will reshape retail distribution
Home Audio and Cinema in Austria
KEY DATA FINDINGS
Home audio and cinema suffers further losses
Fast decline in home cinema and speaker systems continues despite some positive impulses sales in TVs
Basic functions and audio quality remains sufficient for mass consumers
Home audio and cinema to see further volume declines
Smart homes provide untapped growth potential
Home and audio to become more niche
Home Video in Austria
KEY DATA FINDINGS
Video consumption continues to fall
New television fee supports demand for televisions
Hisense investment continues to pay off
Television sales will continue to suffer from changing media consumption
New television fee may provide some growth impetus
Mid-price segment will come under further pressure
Headphones in Austria
KEY DATA FINDINGS
Headphones hits saturation point
TWS earbuds have likely reached peak in volume sales
Wide availability in retail stores contributes to growth
Demand expected to cool from a high level
Dominance of TWS earbuds likely to increase
Apple is well positioned to remain leader over forecast period
Imaging Devices in Austria
KEY DATA FINDINGS
Competition from smartphones cannot be withstood
Digital cameras’ competitive landscape in flux
Demand for camcorders relatively stable thanks to action cams
No hope in sight for struggling category
Mirrorless system cameras likely to become key product
Action cams unlikely to protect camcorders from severe decline
Mobile Phones in Austria
KEY DATA FINDINGS
Volume sales suffer under ever longer replacement cycles
Campaign to promote repairs should not be underestimated
Google Inc’s Pixel finally comes to Austria
Sustainability to weigh on replacement cycles of smartphones
Seniors are core audience in feature phones
More competition expected in Android smartphones
Portable Players in Austria
KEY DATA FINDINGS
High demands of consumers lead to stable current value growth
Consumers willing to trade up in wireless speakers
Despite high levels of saturation, e-readers record value growth
Category becomes clearer after elimination of portable multimedia players
Wireless speakers to remain a popular item
Increasing penetration rate of e-readers expected
Wearable Electronics in Austria
KEY DATA FINDINGS
Rising penetration rate in wearable electronics
Wider distribution in jewellery and watch specialist retailers
Domestic player files for insolvency
Plenty of room for penetration rate to rise
Variety of retail channels will help drive sales
No relevant growth expected outside of watches
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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