Consumer electronics in 2024: The big picture
Consumer electronics is on the brink of a promising rebound in 2024, spurred by a resurgence in Indonesia’s economic activity, which is supporting the rebound in retail volume sales. This revival is heavily influenced by the twin forces of rapid urbanisation and an increase in consumer purchasing power.
2024 key trends
After a challenging year in 2023, consumer electronics has begun to experience a notable recovery, thanks to the rising demand for smartphones, televisions, laptops, True Wireless Stereo (TWS) earbuds, and smart wearables. This resurgence is further bolstered by the entry of numerous Chinese brands, such as Infinix in the smartphone category, TCL and Coocaa in home video, which has led to falling unit prices.
Competitive landscape
In Indonesia, consumer electronics is being shaped by the surge in smartphone demand, making it a market largely dominated by smartphone manufacturers. Leading the pack in 2024 is Samsung Electronics Indonesia PT, which not only holds a prominent position in smartphones, but also extends its influence across wearable electronics, home video, and the home audio and cinema categories.
Retailing developments
In 2024, the retail landscape in consumer electronics is witnessing notable shifts, with e-commerce platforms showing substantial growth as a key distribution channel. Driven by the rising popularity of online shopping destinations, such as Shopee, Tokopedia, Lazada, Bukalapak, and TikTok, e-commerce is poised for vibrant expansion.
What next for consumer electronics?
Indonesia's economy is projected to experience robust GDP growth over the next five years, supporting volume growth in consumer electronics, which is on the cusp of a significant upturn. This optimistic forecast is underpinned by the evolving consumer appreciation for technological advancements in electronics, like smart wearables.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Electronics industry in Indonesia 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 Indonesia, 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 Indonesia 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 Indonesia?
- Which are the leading brands in Indonesia?
- How are products distributed in Indonesia?
- 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 Indonesia
Consumer electronics in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer electronics?
DISCLAIMER
Computers and Peripherals in Indonesia
KEY DATA FINDINGS
Surge in demand for laptops lifts overall category
Resurgence in demand for printing devices amidst return to offices and school
Asus dominates computer and peripherals with innovative strategies
Strong growth potential in computers and peripherals
Innovation is an imperative to fend off smartphone competition
Gaming offers key route to growth for computers
In-Car Entertainment in Indonesia
KEY DATA FINDINGS
Players team up with automobile companies
Economic obstacles and technological advancements limit sales
Pioneer Electronics Asia Centre leads despite surge in Chinese alternatives
Diminishing need for aftermarket in-car entertainment
In-car entertainment to remain a niche
Smartphones will continue to prove rising threat to in-car entertainment sales
Home Audio and Cinema in Indonesia
KEY DATA FINDINGS
Home audio and cinema faces pressing challenges
Evolution of immersive and integrated experiences
Polytron retains lead in home audio and cinema
Slight recovery of home audio and cinema in 2025
Home audio and cinema enthusiasts to sustain this niche
Smart and wireless home entertainment solutions
Home Video in Indonesia
KEY DATA FINDINGS
Televisions show resilience as an essential device
Diverging trends for TV and video players
LG leads amid rising competition from Chinese entrants
Smart features and affordability will support category sales
Rising popularity of QLED TVs
Competitive landscape to undergo significant changes
Headphones in Indonesia
KEY DATA FINDINGS
Surge in consumer demand for headphones
TWS earbuds grow in line with mobile electronics developments
Affordable TWS earbuds capture consumer interest
Headphones to benefit from technological advancements
Innovation plays a crucial role in future category development
Fragmented competitive landscape paves way for new entrants
Imaging Devices in Indonesia
KEY DATA FINDINGS
Imaging devices dependent on niche audience
Entry-level cameras resilient amidst competition
Fierce competition between Canon and Sony
Smartphones are persistent challenge for imaging devices
Hybrid cameras outshine digital camcorders
Engaging Gen Z is key for leading players
Mobile Phones in Indonesia
KEY DATA FINDINGS
More affordable smartphones underpin growth
Smartphone features are key to growth
Fierce competitive rivalry in smartphones
Affordability and quality will drive sales growth
Chinese smartphones to have key influence on category outlook
Mid-priced smartphones on course to deliver strong growth potential
Portable Players in Indonesia
KEY DATA FINDINGS
Wireless speakers and e-readers are stand out performers
Digital shifts still support category development
JBL leads in wireless speakers
Wireless speakers to secure position in portable players
Ongoing shift in music consumption from portable media players to streaming services
Competition set to intensify in wireless speakers
Wearable Electronics in Indonesia
KEY DATA FINDINGS
Rising focus on health and fitness drives product sales
Affordable options entice local consumers
Evolution of smartwatches is key in wearables
Rise of wearable electronics is unstoppable
The rising tide of Chinese Brands
Diversification and personalisation in wearable electronics
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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