Consumer electronics decline

  • What is the outlook for consumer electronics in 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)..

  • Best Buy is suffering from the dual trends of a cost-of-living crisis impacting its customers and a decline in home sales, according to retail analyst Neil Saunders of retail analysis firm GlobalData.
Jun 1, 2023Against this backdrop, the consumer electronics market demand continued to show a downward trend, among which the TV market performed poorly and 
The global market is currently going through a difficult phase, with a 12 percent decline in revenue and an 8 percent decline in units sold in the first six months of 2023 compared to the same period last year. Full-year results for 2023 may not look much more promising either.

How do disruptions in the consumer electronics supply chain affect consumers?

Disruptions in the consumer electronics supply chain cause stockouts, which break the perception of reliable availability and damage the perception of both retailers and consumer electronics companies

What challenges does the consumer electronics market face?

The consumer electronics market faces some challenges brought by disrupted supply chains, the pandemic, and economic downturn

Learn how the market cope

The last two years have significantly impacted the consumer electronics market, especially with lockdowns and disrupted consumer electronics supply chains


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