Consumer electronics market 2023

Revenue in the Consumer Electronics market amounts to €988.0bn in 2023. The market is expected to grow annually by 2.90% (CAGR 2023-2028). The market's largest segment is the segment Telephony with a market volume of €468.1bn in 2023.

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.

How big is the consumer electronics market in 2023?

The Consumer electronics market is anticipated to expand its boundaries at a steady CAGR of 5

8% during the forecast period

The market holds a share of US$ 3

3 trillion in 2023 while expecting revenue of US$ 5

8 Trillion by 2033

What is the future outlook for consumer electronics market?

The US market for consumer electronics thrives at a CAGR of 2

9% during the forecast period

The market is likely to reach a value of US$ 705

6 Bn by 2033

The multi-brand store's segment is likely to thrive in the sales channel category as it provides more dimensions to the retailer while diversifying the options for the end users

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