The surging demand for light clocks is anticipated to favor the adoption of electronic alarm clocks over the forthcoming years. The growing product demand can be attributed to the growing consumer inclination toward clocks that make a pleasant sound for waking individuals.
According to Business Research Insights, the global electronic alarm clock market size was valued at USD 182.6 million in 2022. The market is estimated to reach USD 239.1 million by 2028, exhibiting a CAGR of 4.6% over the study period. The rise is impelled by an increase in technological advancements and rapid digitalization.
The North America market is expected to depict an appreciable surge over the forecast period. The rise is propelled by an increase in digitalization and rising technological advancements in the region. The companies in the market deploy online channels for expanding the reach of their products. The regional growth can be further credited to the presence of leading players in the region.
Competitive Landscape: An Overview
Leading electronic alarm clock industry players are centered on the implementation of various initiatives for the consolidation of their market positions. These include acquisitions, partnership agreements, and the launch of new solutions. Additional initiatives comprise the formation of alliances and increasing participation in trade activities.
Some of the Major Industry Participants:
- SDI Technologies (U.S.)
- Philips Electronics (Netherlands)
- Braun (Germany)
- Emerson Radio Corporation (U.S.)
- LEXON (France)
- Oregon Scientific (U.S.)
- Westclox (U.S.)
- Compas (U.S.)
- Sonic Alert (U.S.)
- Acctim (U.S.)
- AcuRite (U.S.)
- La Crosse Technology (U.S.)
- Gingko Electronics (U.K.)
- Polaris Clock (China)
- SONY (Japan)
- Electrohome (Canada)
Mentioned below are some of the pivotal electronic alarm clock companies sharing the competitive landscape of the market:
1. SDI Technologies: SDI Technologies is a New-Jersey based consumer electronics manufacturer. The company’s products are marketed under a range of national brands comprising iHome, KIDdesigns, eKids, Timex, and others. The company was founded in the year 1956.
2. Koninklijke Philips N.V., is a Dutch conglomerate corporation based in Amsterdam, Netherlands. The company was founded in 1891 in Eindhoven. The company’s subsidiaries include Philips Records, Magnavox, Respironics, Inc., Strand Lighting, and others.
3. Braun: Braun GmbH is a consumer products firm based in Kronberg, Germany. The organization was founded in 1921. The company is known for its industrial product design and electric products.
4. Emerson Radio Corporation: Emerson Radio Corporation is one of the largest volume consumer electronics distributors in the U.S. The company was founded in 1948 in New Jersey, U.S. Subsidiaries of the company include Cardiac Resuscitator Corp., Emerson Global Ltd., Emerson Radio Consumer Products Corporation, Advanced Sound and Image, Llc, and others.
5. Oregon Scientific: Oregon Scientific is a producer of electronics products. These include fitness devices, home weather stations, digital clocks, and others. The company was founded in 1989 in Portland, U.S.
6. Sonic Alert: Sonic Alert is specialized in alert products geared toward people having trouble waking up or with hearing loss. The company is known for the provision of signaling devices, amplified phones, amplified alarm clocks, and personal listening devices.
7. AcuRite: Chaney Instrument’s AcuRite brand is a major manufacturer of weather devices and products for enhancing the monitoring of connected home environment. The company was founded in 1943.
8. La Crosse Technology: La Crosse Technology is focused on the manufacturing of electronic products such as radio-controlled clocks, weather stations, and watches. The company was founded in 1985 and is situated in Wisconsin.
9. Sony: Sony Group Corporation is a leading producer of consumer electronics based in Minato, Tokyo, Japan. The company was founded in 1946. The company’s subsidiaries include Sony Music Entertainment, Sony Pictures, Sony Corporation of America, and others.
10. Electrohome: Electrohome was founded in 1907. The company is renowned as a leading manufacturer of television sets and other consumer electronics products.
These electronic alarm clock companies are formulating and adopting a range of initiatives establishing a strong presence in the market. These comprise merger agreements, collaborations, and the launch of various initiatives for strengthening their industry positions. Besides, many companies are undertaking research activities for the development of superior solutions. These factors are anticipated to propel business expansion over the ensuing years.
Way Ahead
In the years to come, the demand for electronic alarm clocks is expected to register considerable growth over the forecast period. This is being by the growing competition among manufacturers and the increasing rollout of new products. However, the increasing popularity of smart watches across various regions may hamper industry expansion to a certain extent.