Consumer electronics in 2024: The big picture
Consumer electronics in Brazil navigated a challenging landscape in 2023, with overall retail current value growth minimal, while retail volume sales fell. However, signs of recovery emerged as 2024 progressed, with expectations of significant growth for the year overall, driven by a more favourable economic climate and an increased focus on innovation across several key categories.
2024 key trends
Several key trends are shaping the consumer electronics industry in Brazil in 2024, many of which intersect across multiple categories. The most significant is the ongoing integration of AI, which has moved beyond being a tech buzzword to a genuine differentiator in product offerings.
Competitive landscape
In 2024, the competitive landscape in consumer electronics in Brazil has been seeing notable shifts, with several key players solidifying their positions, while others have been losing ground. Apple is set to maintain its place amongst the top players in multiple categories, including smartphones, TWS earbuds, and wearable electronics, but its share in headphones is coming under pressure, despite the continued popularity of its AirPods.
Retailing developments
Retailing developments in 2024 reflect significant shifts in how Brazilian consumers interact with consumer electronics. Online sales channels continue to perform well, with retail e-commerce solidifying its position as one of the preferred shopping channels for many consumers.
What next for consumer electronics?
Looking ahead, the Brazilian consumer electronics industry is poised for growth, with several key trends expected to shape the next few years. One of the most significant developments will be the continued rise of AI integration across categories.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Electronics industry in Brazil 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 Brazil, 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 Brazil 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 Brazil?
- Which are the leading brands in Brazil?
- How are products distributed in Brazil?
- 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 Brazil
Consumer electronics in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer electronics?
DISCLAIMER
Computers and Peripherals in Brazil
KEY DATA FINDINGS
Shifting consumer priorities in computers in Brazil
Positive landscape for innovation, despite economic struggles
Rising stars and resilient giants in computers and peripherals
Reshaping the future of computers and peripherals
Green tech and AI innovation
Technological evolution on the horizon
In-Car Entertainment in Brazil
KEY DATA FINDINGS
In-car entertainment struggles with technological redundancy and consumer shifts
Minimal innovation as sales contract
Pioneer maintains its lead, as the competitive environment remains fairly static
Consumers are seeking budget-friendly alternatives in a shrinking category
Innovation lags, but sustainability could offer a lifeline
In-car entertainment faces decline, but niche opportunities remain
Home Audio and Cinema in Brazil
KEY DATA FINDINGS
Decline for most categories, but home cinema and speaker systems remains a brighter spot
Economic constraints further challenge consumer spending on home audio and cinema
Retailers rely on steep discounts and promotions to attract buyers
Smart home audio expands as wireless technology gains popularity
Eco-friendly practices and sustainability may be growth drivers
Home cinema’s immersive experience remains a key selling point
Home Video in Brazil
KEY DATA FINDINGS
Home video struggles with price sensitivity despite black Friday boost
Sales of premium televisions resilient even as sales of LCD TVs decline
Video players faces near extinction as streaming services reign
Growth prospects for OLED TVs outshine LCD TVs
Samsung and LG face growing competition
Innovation in immersive experiences is key to future growth
Headphones in Brazil
KEY DATA FINDINGS
Headphones continues to shine despite challenges
TWS earbuds continues to dominate headphones in the Brazilian market
Piracy, and share shake-ups in the competitive landscape
Enhanced connectivity and durability in the forecast period
Noise-cancelling technology and its growing importance
Wireless headbands is finding great opportunities in gaming and e-sports
Imaging Devices in Brazil
KEY DATA FINDINGS
Imaging devices resurges along with the rise of nostalgia in the Brazilian market
Carnival and the return of digital cameras
E-commerce drives the reach of Fujifilm and GoPro amidst growing popularity
Smartphones will continue to challenge imaging devices
Digital camcorders set to continue to fade for general use
Outdoor activities will help maintain the focus on imaging devices
Mobile Phones in Brazil
KEY DATA FINDINGS
Mobile phones declines in 2023 amidst economic pressures and shifting consumer preferences, but returns to growth in 2024
Consumers opt for affordable options and devices with a longer lifespan
Local dynamics in the competitive landscape
5G technology to drive growth in smartphones amidst economic headwinds
New generation of consumers demands sustainable mobile phone solutions
New players and market movements show opportunities on the horizon
Portable Players in Brazil
KEY DATA FINDINGS
Wireless speakers continues to dominate portable players and sees significant growth
Promotional events continue to propel sales of wireless speakers in Brazil
Amazon dominates e-readers with Kindle, but faces emerging competition
New models expected in wireless speakers amidst high demand for innovation
E-readers faces challenges from digital distractions
Piracy and counterfeiting likely to impact wireless speakers in Brazil
Wearable Electronics in Brazil
KEY DATA FINDINGS
Wearable electronics remains resilient amidst economic challenges in Brazil
The rise of running and other sports drives sales of sports-focused products
Apple Watch and Samsung still lead smart wearables, but challengers emerge
Innovation set to drive growth in the forecast period
Expanding the audience for wearable electronics through affordable options
The challenges and opportunities in sustainability and the grey market
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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