Consumer electronics growth rate

  • Consumer electronics examples

    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 are the growth drivers for consumer electronics?

    Technological advancements, shifting consumer preferences, and a growing desire for cost-effective, easy-to-use, and high-performance devices are some of the factors propelling the consumer electronics market..

  • What is the CAGR of consumer electronics?

    Global Consumer Electronics Market is expected to reach US$ 5,820.65 million by 2033, expanding at a 5.8% CAGR.
    Future Market - Bloomberg..

  • What is the growth rate of the consumer electronics industry?

    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 market value of consumer electronics?

    According to DataHorizzon Research, The consumer electronics market was valued at USD 987.

    1. Billion in 2022 and is expected to reach USD 2,020
    2. Billion by 2032 with a CAGR of 7
      3. .5%.

Revenue in the Consumer Electronics Market is projected to reach US$340.70bn in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2028) of 9.02%, resulting in a projected market volume of US$524.70bn by 2028.

How big is the consumer electronics market in 2027?

Revenue from these products is set to hit $230 billion by 2027, which will amount to 24

2% of the industry’s total

Overall, from 2017 to 2027, the consumer electronics market is set to more than triple in size, increasing at an average annual growth rate of 13

8%

How will Digital Trends impact the consumer electronics market?

These trends are set to transform a world that is becoming increasingly digital and interconnected, creating a plethora of opportunities for the Consumer Electronics market to expand

As such, we expect this market to benefit significantly from these developments in the coming years

What is the projected growth rate of the consumer electronics market?

Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 12

07%, resulting in a projected market volume of US$950

30bn by 2027

With a projected market volume of US$251

10bn in 2023, most revenue is generated in China

In the Consumer Electronics market, the number of users is expected to amount to 3

3bn users by 2027

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