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Research Article | Open Access
Volume 14 2022 | None
Factors Affecting New Product Marketing in Consumer Electronics: A Quantitative Perspective
Sweta Chauhan
Pages: 9863-9867
Abstract
Rapid technological breakthroughs and fierce rivalry are characteristics of the consumer electronics sector, making the effective marketing of new items essential to a business’s survival and expansion. This study looks at the elements that affect consumer electronics’ new product marketing. This research analyses three main factors: market demand, technological innovation, and competitive landscape, drawing on a thorough examination of the current literature. Market demand is a key factor in deciding how well new product marketing works. For the purpose of creating successful marketing strategies, it is essential to comprehend consumer preferences, demands, and purchasing patterns. Consumer electronics companies must make use of technological improvements to develop cuttingedge products that match client expectations and provide them a competitive edge. Additionally, the competitive environment has an impact on new product marketing because firms need to stand out from the competition in order to increase brand recognition and market share. This study offers insightful information about the elements influencing new product marketing in the consumer electronics sector. The information can help businesses create plans that take advantage of technical improvements, cater to market demands, and successfully launch and advertise new items. The researcher had considered 201 people from marketing sector to know the factors that affects new product marketing in consumer electronics. The study concludes that Market demand, Technological improvements, competition, Thorough research, Product uniqueness and Strong branding are the factors that affects new product marketing in consumer electronics.
Keywords
Product Marketing, Customer, Business, Competition, Consumer Electronics
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