Consumer electronics industry growth rate

Consumer electronics examples
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
Consumer electronics examples
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..
What is the growth rate of the 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..
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.

Market Size in 2021 and Beyond: In 2021, the global consumer electronics market size reached US$ 724.48 billion, showcasing its potential. Looking ahead, the market is set to expand to US$ 1.13 trillion by 2030, growing at a steady compound annual growth rate (CAGR) of 5.1% during the period from 2022 to 2030.

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.

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.

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Consumer electronics industry growth rate

Consumer electronics examples

Consumer electronics examples

What is the growth rate of the electronics industry?