Consumer electronics market update

  • What are the trends in the electronics market?

    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 are the trends in the electronics market?

    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..

  • What is the consumer electronics market forecast?

    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..

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 Consumer Electronics market in the world is projected to grow by 2.27% (2023-2028) resulting in a market volume of US$1177.0bn in 2028.

What is the CAGR of the consumer electronics market?

The Consumer Electronics Market is projected to grow at a CAGR of 4

50% during the forecast period by 2028

What will be the market value in the future? Who are the major players operating in the market? Which countries data are covered in the report?

What is the expected volume of consumer electronics market in 2024?

The Consumer Electronics market is expected to show a volume growth of 1

3% in 2024

The average volume per person in the Consumer Electronics market is expected to amount to 1

1pieces in 2023

Key regions: United States, Worldwide, India, Europe, Germany Change the visualization to a column chart

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