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    • USD 815.16 billion

      • The global consumer electronics market size was valued at USD 773.40 billion in 2023 and is projected to grow from USD 815.16 billion in 2024 to USD 1,467.94 billion by 2032, exhibiting a CAGR of 7.63% during the forecast period.
      www.fortunebusinessinsights.com › consumer-electronics-market-104693
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  2. May 13, 2024 · The global consumer electronics market size was valued at USD 773.40 billion in 2023 and is projected to grow from USD 815.16 billion in 2024 to USD 1,467.94 billion by 2032, exhibiting a CAGR of 7.63% during the forecast period.

  3. Looking to 2024, a significant paradigm shift is on the horizon. The rapid adoption of new technologies has started to uncover digital delayers, highlighting the need for enterprise-wide transformation in the consumer electronics and white goods sectors.

    • In 2024, the revenue generated in the Consumer Electronics market worldwide amounted to a staggering US$1,046.0bn.
    • It is projected that the market will experience an annual growth rate of 2.99% from 2024 to 2028 (CAGR 2024-2028).
    • The largest segment within the Consumer Electronics market is Telephony, with a market volume of US$486.7bn in 2024.
    • When comparing revenue across different countries, it is noteworthy that in China generates the highest revenue with US$218.6bn in 2024.
  4. Mar 8, 2024 · In the country, the retail revenue from consumer electronics sales is expected to reach close to 510 billion U.S. dollars by 2024 – a year-on-year growth also sustained by the launch of ...

  5. Anticipated in 2024, the prevalence of 5G-enabled devices will spur increased demand for smartphones, tablets, and other electronics capable of fully utilizing this transformative technology. Value-Conscious Trend and Private Label Brands. With inflation impacting budgets, value consciousness becomes paramount.

  6. Our comprehensive report, "2024 Consumer Electronics Trends," allows you to dive into an in-depth analysis of the pivotal trends and forthcoming shifts across diverse sectors within the industry.

  7. It is reasonable to expect a rebound starting in 2025. For global consumer products companies, it may make sense to focus on the longer term. Dr. Ira Kalish, Chief Global Economist, Deloitte. Read the complete 2024 consumer products industry outlook by downloading the report.

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