Bangladesh Electronic Products Market (2022-2028) | Industry, Share, Revenue, Analysis, Value, Forecast, Size, Trends, Outlook, Segmentation & COVID-19 IMPACT

Latest 2023 Development of the Bangladesh Electronic Products Market

Bangladesh Electronic Products Market is the fastest-growing market in the world. The demand for electronic products such as smartphones, laptops, refrigerators, and other consumer electronics has been increasing in the country, driven by increasing internet penetration and mobile devices. The government has been actively promoting the development of electronic products through various initiatives such as tax incentives for electronic goods manufacturing. In general, Bangladesh has a large population which is growing rapidly. Thus, the demand for electronic products is further proliferating among the increasing population.

Moreover, the discretionary expenses of the middle class in Bangladesh have been steadily increasing over the years, which has led to a rise in purchasing power. This, in turn, has contributed to the growth of the electronic products market in Bangladesh. The government of Bangladesh has been taking initiatives to boost the electronics industry of the country. Furthermore, the internet penetration rate in Bangladesh has been growing steadily, leading to an increase in demand for electronic products such as smartphones and laptops. Also, the country’s e-commerce industry is growing at an alarming rate with more and more consumers opting for online shopping. 

Bangladesh Electronic Products Market Synopsis

Bangladesh Electronic Products Market is forecast to grow in the years to come. The major drivers for market growth are the increasing demand for consumer electronics, rising disposable incomes, and the advancement of technology. Some of the key trends in the Bangladesh Electronic Products Market include the increasing adoption of smart TVs, wearable devices, and home appliances. Players in the Bangladesh Electronic Products Market are also investing heavily in marketing and advertising to create brand awareness and promote their products. Heavy discounting and promotional offers are common in this market, which makes it tough for customers to make informed choices.

The electronics manufacturing industry in Bangladesh is growing rapidly, fuelled by a growing domestic market and favourable government policies. However, the industry faces significant challenges, including a lack of skilled workers, poor infrastructure, and a limited supply of raw materials. In recent years, the Bangladeshi government has introduced several initiatives to support the growth of the electronics manufacturing industry. These include tax holidays and duty exemptions on imported machinery and components, as well as investment incentives for foreign companies setting up production facilities in the country.

According to 6Wresearch, Bangladesh Electronic Products Market is expected to grow during 2022-2028. The Asia-Pacific Electronic Products industry is expected to grow at a tremendous rate in the forecast period. Also, the electronics industry in Bangladesh has been growing steadily over the past few years. The country has become a major hub for the manufacturing of electronic goods and components. The government has also been supportive of the growth of the electronics sector, providing various incentives and infrastructure development initiatives. The growing demand for consumer electronics in Bangladesh is the key driver for the Electronic Products Market size. 

The country's young population is increasingly adopting new technologies and gadgets, which is fuelling the demand for smartphones, laptops, televisions, and other electronic products. Moreover, rising disposable incomes are also contributing to the growth of the market which in turn increases the market revenue. Moreover, the government's reform program is expected to continue to support economic growth and improve living standards. Key reforms include the implementation of a value-added tax, the privatisation of state-owned enterprises, and the development of infrastructure.

Impact of COVID-19 on the Bangladesh Electronic Products Market 

The Covid-19 pandemic has had a negative impact on the Electronic Products Market in Bangladesh as there has been a stoppage in global supply chains and a decrease in consumer disposable incomes. Also, the outbreak of COVID-19 hinders the economic activities of manufacturing industries owing to the lockdowns and nationwide restrictions. It delays the production of electronic products. Nevertheless, the market is expected to recuperate from these temporary impediments and continue its strong growth trajectory over the forecast period. 

Market analysis based on Type

Based on Type, Asia-Pacific Market is segmented into audio and video equipment, semiconductor, and other electronic components. The rising demand for audio and video equipment is projected to increase the substantial market growth in the industry. The use of audio and visual equipment held the largest share as various corporate offices, educational institutions, government, and other healthcare sectors are continuously adopting professional audio and video equipment which in turn propelling the market size.

Key players in the Bangladesh Electronic Products Market 

The Bangladesh electronic products market is highly competitive, with many local and foreign players vying for a share of the pie. The top five players in the market are;

• Samsung
• LG
• Walton
• Symphony
• Xiaomi

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Bangladesh Electronic Products Market Outlook
• Market Size of Bangladesh Electronic Products Market, 2021
• Forecast of Bangladesh Electronic Products Market, 2028
• Historical Data and Forecast of Bangladesh Electronic Products Revenues & Volume for the Period 2018 - 2028
• Bangladesh Electronic Products Market Trend Evolution
• Bangladesh Electronic Products Market Drivers and Challenges
• Bangladesh Electronic Products Price Trends
• Bangladesh Electronic Products Porter's Five Forces
• Bangladesh Electronic Products Industry Life Cycle
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By Audio And Video Equipment for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By Semiconductor for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By Other Electronic Component for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By End-Use for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By B2B for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By B2C for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By Sales Channel for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By OEM for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By Aftermarket for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By Mode for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By Online for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Electronic Products Market Revenues & Volume By Offline for the Period 2018 - 2028
• Bangladesh Electronic Products Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By End-Use
• Market Opportunity Assessment By Sales Channel
• Market Opportunity Assessment By Mode
• Bangladesh Electronic Products Top Companies Market Share
• Bangladesh Electronic Products Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Electronic Products Company Profiles
• Bangladesh Electronic Products Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type 

• Audio And Video Equipment
• Semiconductor
• Other Electronic Component

By End-Use

• B2B
• B2C

By Sales Channel 

• OEM
• Aftermarket

By Mode 

• Online
• Offline