Factors Affecting New Product Marketing in Consumer Electronics: A Quantitative Perspective
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