How Artificial Intelligence is Reinventing Consumer Electronics Segment

After taking healthcare, education, and telecommunication sectors by storm, artificial intelligence (AI) is all decked up to revolutionize the consumer electronics industry within the next five years. As per IBEF'S industry analysis report, Indian consumer electronics market is expected to grow at 41 percent CAGR during 2017-20 to reach $ 400 billion. Evidently, the combination of AI and IoT into the market products is further going to fuel the exponential growth. Though some of the product segments, including smartphones, alarm clocks, watches, etc, have evolved into smart ones, many are going through a rapid AI transformation phase. The application of AI into the industry of consumer electronics opens up many growth avenues and opportunities.