Consumer electronics in the Philippines - statistics & facts

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Published by Statista Research Department, Sep 16, 2021

As a country with one of the highest internet usages in the Asia Pacific region, demand for sophisticated communication gadgets has seen growth in the Philippines. Thanks to the expansion of income sources and the growing middle-class population, Filipino consumers have higher purchasing power that allows them to splurge on various necessities, including but not limited to electronic devices. These devices are of increasing importance in making life more efficient, convenient, and comfortable for its users. Such gadgets, which comprise the consumer electronics industry, include televisions, personal computers, mobile phones, tablets, wearables, cameras, speakers, and headphones. In the Philippines, this sector was forecast to demonstrate continued growth in the next five years, as evidenced in its revenue estimates.

Consumer trends

The mobile device market is the largest subsector of the consumer electronics market in the Philippines, with over 79 million people owning a smartphone device. The current demand for 5G technology is among the major contributing factor to the growth in the smartphone landscape, with telecommunication companies planning to build additional infrastructures to boost internet connectivity. At the same time, low-cost smartphone brands have also started offering 5G capable devices to satisfy Filipino consumers.

In addition, the ongoing coronavirus (COVID-19) pandemic resulted in hybrid work and blended learning modalities which fueled personal computer and tablet demand. As such, the penetration rate of tablet users in the country was forecast to surpass 43 percent in 2026, a significant increase from the 2017 figures. Other popular electronic devices owned by Filipino consumers were game consoles and smartwatches.

Sales channels for electronic products

While an increasing proportion of sales in the consumer electronics market in the country has been occurring online, brick and mortar stores remain the most used purchase channel for electronic products. Among the leading consumer electronics and computer retail companies were Abenson and Power Mac Center. These stores offer gadgets across all product ranges while offering other related services for their consumers. Such retail stores also invested in their digital presence to cater to their growing online clients. As of the second quarter of 2021, Kimstore was the leading e-commerce site for electronic products according to the number of monthly web visits. Apart from specialized gadget stores, major e-commerce sites such as Lazada and Shoppee also offer a wide range of consumer electronic products.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

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