Consumer electronics market size 2021

  • How big is the electronics market in 2021?

    The global market for consumer electronics was estimated to be worth USD 1.10 trillion in 2021 and is estimated to grow to about USD 1.70 trillion by 2028 and Zion Industry Research has published research indicating that this market is anticipated to expand at a compound annual growth rate (CAGR) of 7.6% from 2022 to Feb 15, 2023.

In 2021, the global consumer electronics market size reached US$ 724.48 billion, showcasing its potential. Looking ahead, the market is set to expand to US$ 1.13 trillion by 2030, growing at a steady compound annual growth rate (CAGR) of 5.1% during the period from 2022 to 2030.
The Consumer Electronics segment globally reached a value of $254 billion in 2021, witnessing an increase of 4% from the previous year this was mainly on account of growth in the retail product categories after nations across the globe saw a recovery in the overall demand post-pandemic COVID-19.
Consumer Electronics Marketsize was valued at over USD 1 trillion in 2020 and is estimated to grow at a CAGR of more than 8% from 20…

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