Consumer electronics market growth

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.
The increasing demand for smartphones is one of the key trends driving the growth of the consumer electronics market.
Smartphones are becoming more affordable and feature-rich, making them accessible to a wider range of consumers.
The rising demand for televisions is another key trend driving the growth of the market._{Jul 11, 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).

The Global Consumer Electronics Market size is estimated to exceed USD 1063.39 billion by 2030 and grow at a CAGR of 4.62% during the forecast period (2023-2030). Globally, Consumer Electronics are divided based on the Product Type into Home Appliances, Smart Devices, Handheld Devices, and Others.

The consumer electronics market is projected to be valued at US$ 3,296.66 million in 2023. The report anticipates a valuatio of US$ 5,820.65 million by 2033. Consumer electronics sales are expected to record a CAGR of 5.80% during the forecast period.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.

Categories