Consumer electronics demand

  • Are electronics in high demand?

    “The global Electronics market size was valued at USD 1497415.58 million in 2022 and is expected to expand at a CAGR of 5.5% during the forecast period, reaching USD 2065063.0 million by 2028.” Top Players in Electronics Market for 2023: Philips..

  • Consumer electronics examples

    New York, March 20, 2023 (GLOBE NEWSWIRE) -- The Global Consumer Electronics Market report by Reports Insights reveals that the market experienced a value of USD 740.79 Billion in 2022 and is expected to record a market size of more than USD 1063.39 Billion by 2030, exhibiting a CAGR of 4.62%..

  • Consumer electronics examples

    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..

  • Consumer electronics examples

    The industry is extremely competitive, with new companies always entering the market and competing with major players, like Apple and Sony.
    The past years' events affected the market..

  • What electronics are in high demand?

    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..

What is driving the growth of consumer electronics market?

Additionally, rising popularity for smart home appliances is propelling the demand of consumer electronics market

Thus, increasing investment in R&D activities by the major market players and rising demand for smart household appliances is driving the growth of consumer electronics market

What is the value of the US consumer electronics market?

As per the FMI analysis, the US is the world’s second-largest consumer electronics market and is set to remain in that position throughout the forecast period

The market is anticipated to hold a value of US$ 705

6 Billion by 2033

Why did the consumer electronics market decline in 2022?

In 2022, the Consumer Electronics market faced a minor contraction primarily due to the market saturation of smartphones and a rebound in the demand for computing devices compared to the previous year

How Much is the Consumer Electronics Market Worth?

The consumer electronics market is estimated to be worth US$ 3.3 trillion in 2023.

What is the Demand Outlook for the Consumer Electronics Market?

The consumer electronics market is expected to have a CAGR of 5.8% by 2033.

At What Rate Does the Consumer Electronics Market Grow in the Last Five Years?

The consumer electronics market expanded at a slower CAGR of 3.8% in the last five years, from 2017 to 2022.

What is the Japan Consumer Electronics Market Outlook?

Japan accounted for a 9.6% CAGR in the global consumer electronics market by 2033.

How big is the consumer electronics industry?

The market for consumer electronics was valued at more than USD 1 trillion in 2020 and will expand at a robust CAGR of over 8% from 2021 to 2027 wi...

What are the dynamics fostering the audio and video equipment in the global consumer electronics mar...

The industry share from the audio and video equipment segment accounted for over 60% in 2020 and will expand due to the integration of advanced fea...

How will the personal application contribute to consumer electronics market growth?

The personal application segment will expand at a healthy CAGR of 9% through 2027 due to reduced prices of smartphones, Bluetooth speakers and smar...

What are the growth prospects for consumer electronics suppliers in the APAC market?

The APAC consumer electronics market size was valued at more than USD 400 billion in 2020 and will grow at a healthy CAGR with increasing urbanizat...


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