Consumer electronics sales statista

  • 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)..

  • Consumer electronics examples

    Consumer Electronics Market Size & Trends
    The global consumer electronics market size was valued at USD 1,068.22 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030.
    Smartphone proliferation is expected to fuel the global market for consumer electronics..

  • What electronic are selling the most?

    According to customer surveys, the most popular electronic product worldwide is a mobile phone, with over 96% of consumers owning this product (Oberlo, 2022)..

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. With a projected market volume of US$84.95bn in 2023, most revenue is generated in China.
The global revenue in the consumer electronics market was forecast to increase between 2023 and 2028 by 125.5 billion U.S. dollars (+12.21 percent). This overall increase does not happen continuously, notably not in 2024. The revenue is estimated to amount to 1.2 trillion U.S. dollars in 2028.
The market is divided into six segments: TV, Radio & Multimedia, TV Peripheral Devices, Drones, Telephony, Gaming Equipment and Computing. Overall, Consumer Electronics generated US$1012 billion in revenues worldwide in 2022, and by 2028, this is forecast to rise to US$1,177 billion.

What are consumer electronics?

The term “consumer electronics” defines a range of electronic devices intended for personal use

Consumers are forecast to increase their spending on technology in the coming years, with more than 685 billion U

S dollars expected to be spent on electronic devices in 2023 alone

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