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Consumer Electronics
The consumer electronics industry enriches lives by harnessing the potential of technology. Fueled by the aspirations and expertise of engineers who share a vision for an advanced Malaysia, this sector has brought forth an array of innovations and products that have enhanced countless lives. The swiftly evolving technology in this domain drives progress and opens up possibilities across the nation, providing essential tools for homes, schools, hospitals, and businesses while ensuring safe delivery.
This segment includes the production of various consumer electronic products such as computer entertainment systems, headphones, earphones, speakers and video doorbells.
Industry 4.0 has reinvigorated consumer product growth. Innovation drives demand for smarter products with IoT (internet of things), AI (artificial intelligence), AR (augmented reality) and VR (virtual reality).
Blending world-class engineering, software, and analytics, Malaysia produces reliable consumer electronics. As a regional E&E hub, we strive to enhance the business landscape, propelling our transformation into an advanced industrial nation.
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The consumer electronics market is undergoing rapid and profound evolution. Despite past disruptions, the global consumer electronics market has showcased remarkable growth, achieving a valuation of US$997.89 billion in 2022. It is projected to surpass US$1.06 trillion by 2030, with an estimated CAGR of 4.62% during the forecast period.
Factors increasing the growth of the global consumer electronics market are:
Changing lifestyle
preference
Rise in the
middle-class
Smart electronic
devices
Consumer electronics will feature AI integration for seamless household experiences. A major trend is wireless intelligence, driven by high-speed data networking and innovations like zero accidents, zero carbon footprint, and zero defects in smart appliances.
Malaysia’s consumer electronics sector is rapidly evolving with the rise of wireless connectivity. R&D investments, technology advancements, IoT adoption, and wearable devices’ popularity are driving the market. Seize these opportunities by establishing your business in Malaysia.
