Consumer electronics cagr

  • Is the consumer electronics industry growing?

    The global consumer electronics market size was valued at US$ 723 billion in 2022 and is expected to hit US$ 1264.52 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 5.80% during the forecast period 2023 to 2032..

  • What is the consumer electronics industry forecast for 2023?

    Revenue in the Consumer Electronics market amounts to US$1,052.0bn in 2023.
    The market is expected to grow annually by 2.27% (CAGR 2023-2028).
    The market's largest segment is the segment Telephony with a market volume of US$498.3bn in 2023.
    In global comparison, most revenue is generated in China (US$230.5bn in 2023)..

  • What is the future of the consumer electronics industry?

    The global consumer electronics market size is expected to reach $1.1 trillion by 2030.
    The industry is expected to grow at a CAGR of around 5.0% from 2023 to 2032.The global consumer electronics industry offers a range of investment opportunities for investors..

  • What is the growth rate of consumer electronics?

    The global consumer electronics market size was valued at US$ 723 billion in 2022 and is expected to hit US$ 1264.52 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 5.80% during the forecast period 2023 to 2032..

  • What is the growth rate of electronics?

    Report Overview.
    The India consumer electronics market size was valued at USD 73.73 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030.
    India provides a worldwide opportunity for short to medium-term growth in consumer electronics spending..

  • According to customer surveys, the most popular electronic product worldwide is a mobile phone, with over 96% of consumers owning this product (Oberlo, 2022).
    A mobile phone is one of the most accessible electronic products, which is why this product is in demand.
  • After falling in 2022, the consumer electronics market size if forecast to grow back in the coming years, generating revenues of around 1.1 trillion U.S. dollars in 2023 and recording a growth of over four percent.
  • The major electronics industry trends include the use of advanced materials, organic electronics, and miniaturization.
    Besides, disruptive technologies like Artificial Intelligence (AI) and the Internet of Things (IoT) enable smart manufacturing practices and also are the growth drivers for the industry.
Global Consumer Electronics Market is expected to reach US$ 5,820.65 million by 2033, expanding at a 5.8% CAGR | Future Market.
Global Consumer Electronics Market is expected to reach US$ 5,820.65 million by 2033, expanding at a 5.8% CAGR.
The consumer electronics market is predicted to progress at a CAGR of 5.2% from 2023-2033. The market is driven by the increasing demand for smartphones, televisions, and home appliances. The rising disposable income of consumers in emerging economies is also driving the growth of the market.

How much revenue does the consumer electronics market generate in 2023?

Revenue in the Consumer Electronics market amounts to US$1,052

0bn in 2023

The market is expected to grow annually by 2

27% (CAGR 2023-2028)

The market's largest segment is the segment Telephony with a market volume of US$498

3bn in 2023

In global comparison, most revenue is generated in China (US$230

5bn in 2023)

What is the global consumer electronics market size?

The global consumer electronics market size was valued at USD 738

75 billion in 2022 and is projected to grow from USD 773

40 billion in 2023 to USD 1,239

40 billion by 2030, exhibiting a CAGR of 6

97% during the forecast period

Why is the electronics industry undergoing a negative CAGR in 2020?

According to our analysis, the global market is expected to experience a negative CAGR of -5

4% in 2020

The lockdown announced by the government agencies and the growing insecurities regarding jobs is likely to be the main factors leading to the disruption in the electronics industry


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