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After falling in 2022, the consumer electronics market size if forecast to grow back in the coming years, generating revenues of around 1.1 trillion U.S. dollars in 2023 and recording a growth...
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...
Mar 7, 2024 · Consumer electronics market revenue worldwide 2023, by segment. Revenue of the global consumer electronics market in 2023, by segment (in billion U.S. dollars)
Apr 15, 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.
How big is the consumer electronics industry? The market for consumer electronics was valued at more than USD 1 trillion in 2020 and will expand at a robust CAGR of over 8% from 2021 to 2027 with rising internet penetration globally.
Global consumer electronics market is estimated to hit worth of US$ 5,820.6 billion in 2023 and is expected to grow at CAGR of 5.8% during forecast 2033 end | FMI.
Throughout 2023, the industry has witnessed shifts in consumer preferences post-pandemic, the remarkable ascent of generative AI and increased integration of the connected world and internet of things (IoT). Looking to 2024, a significant paradigm shift is on the horizon.
