Market Dynamics
The French consumer electronics market is expected to witness a steady growth over the next few years. Growth drivers are mainly attributed to increasing demand for smartphones, gaming and gaming consoles, and television sets. This trend is expected to continue in 2018 and beyond. The demand for smartphones is expected to be driven by the continued proliferation of affordable devices, rising disposable incomes and the expanding use of internet connectivity and mobile payments. Additionally, upgrades in technology and the availability of new features will further drive the market. According to a report from ABI Research, France is expected to be among the top 10 countries with the highest smartphone shipment share by the end of 2018. The gaming industry in France is also expected to see growth, with the gaming market experiencing steady expansion. Players and developers are introducing new titles and genres in both traditional and virtual platforms. Meanwhile, PS4 and Xbox One consoles are boosting the popularity of gaming. According to Deloitte, the gaming market in France generated an estimated €1.9 billion in 2017. Finally, the television market in France is anticipated to enjoy a strong growth over the forecast period.
Smart TVs, 4K resolutions, and other cutting-edge technologies are likely to appeal to consumers. This is estimated to generate higher demand from customers who are attracted to the latest in television technology. According to a recent report from Statista, it was estimated that approximately 10.3 million TV sets were purchased in France in 2017. Overall, the consumer electronics market in France is projected to grow steadily over the years 2018 to 2032. Increasing disposable incomes, demand for smartphones, gaming consoles, and television sets will likely boost the market. In addition, new technologies are likely to drive the demand, while government subsidies may support market growth.
