How Artificial Intelligence Manipulates the consumer Electronic market?

23 Oct 2019

As the technology is getting better and better each day, companies are trying to make their electronic products smarter and user-friendly than before. People are trying to evolve as a smarter race but they want their gadgets to be smarter. In today’s world, only those companies are thriving in the market which can evolve their electronic products to give their customers a delightful experience. 

AI is becoming one of the major concepts to prevail with companies in their sale rates. As technology is being embedded in every sector of life like Health, marketing, transportation, and most importantly electronic devices. AI is the main ingredient in all these sectors which are getting them to a better place. 

AI and Consumer Electronics 

Consumer electronics is one of the major markets in the world that is thriving exceptionally well. People are trying to get those electronic devices for themselves which are smart and ease up their work. AI is producing that WOW factor in Consumer electronic market by the continuously immersive interface on your websites.   

Consumers demand better products and this concept led companies to manufacture better and smarter electronic devices to enhance the personalized experience of the consumer. AI and machine learning are being permeated in almost every aspect of life and that’s why is CE industry has more demand for it now than ever. 

Benefits of using AI in Consumer Electronics

The use of AI in the CE industry comes with different aspects and benefits that are manipulating this industry. Here are some of the benefits that will get your undivided attention. 

The huge amount of data explosion on our digital devices enables us to reach every information that we need. This data is in the form of images, videos, audio or any other kind that is known to men IOT websites are the biggest example like Plugnpoint. 

AI has forced the consumer to get better hardware that can support the much-needed speed for them. In this era, you need to be fast and accurate and AI does the same thing for you. People need better hardware to support their software. 

People want an app for everything now a day, from getting a cab to making a map of your daily routine you need an app. All these apps are powered by AI and provide you information according to your preference.

 

The demand for Electronic products is booming

The electronic market is one of the most profitable markets when it comes to the Consumer market in the whole world. According to sources this market deals in electronic products 2.5 billion US Dollars every year. There are chances that this figure of the world retail market will jump up to 3.0 US billion Dollars around 2025. This will make CE one of the biggest electronic markets in the region and emerge as one of the biggest re-exporter in the region. 

Just 30 years ago the Electronic devices were just a pile of sand but now it is one of the top markets due to its daily expansion and consumer demand. Tourists from different nations always like the royal lifestyle, to have the most luxurious life experience everybody should buy these AI gadgets once in a lifetime.

 

What are the difficulties that AI products face in the CE industry?

AI is in demand now and companies are trying to produce the best electronic devices for their consumers that they can. There are some challenges that this industry is facing which follow.

1. More pressure on the manufacturer

Due to so much competition in the market, there is a lot of pressure on the manufacturers of these electronic devices. The customer always wants a better device for themselves.

2. Rate margin

Embedding AI technology in a device is not that cheap but due to so much competition in the market, companies have to decrease their profit margin. Getting a good smart gadget is a great selling point but getting it at a cheaper price is a better selling point.

3. Personalized products

Now people want everything personalized so they can stay different than others. This is forcing the company to pay more attention to Consumer-centric experience. People want an electronic device with personalized features. 

Influence of AI to manipulate CE

AI is influencing CE for almost 6 years now and it has its effect all over the world and electronic companies. AI is influencing CE through its smart and fast working. People are purchasing all these new gadgets just for the sake of their satisfaction. People want more smart gadgets and they require them efficient as well. Here are some of the most popular AI devices that are being sold all over the world. 

Smart Mobile

Smart LED TV

Smart Refrigerators

Smart Ovens 

Smart Cameras

Smart Washing Machine

Etc.

Now, these are some of the most manufactured and sold AI devices in the whole world and with each day passing by these devices are getting in demand more and more. AI is becoming one of the major concepts to prevail with companies in their sale rates. As technology is being embedded in every sector of life like Health, marketing, transportation, and most importantly electronic devices. AI is the main ingredient in all these sectors which are getting them to a better place. Consumers demand better products and this concept led companies to manufacture better and smarter electronic devices to enhance the personalized experience of the consumer. AI is producing that WOW factor in Consumer electronic market by the continuously immersive interface on your websites.  PlugnPoint is a website where you can buy all these smart gadgets so what are you waiting for.