How big is the consumer electronics market?
USD 1 trillion
Consumer Electronics Market size was valued at over USD 1 trillion in 2020 and is estimated to grow at a CAGR of more than 8% from 2021 to 2027. Rapidly increasing internet penetration across the globe will drive the market growth.
What will be the approximate size of the consumer electronics market by 2023?
[209 Pages Report] The consumer IoT market is estimated to reach USD 104.4 billion by 2023 from USD 46.8 billion by 2018, at a CAGR of 17.39% during 2018–2023.
How much is the consumer electronic market worth?
Revenue in the Consumer Electronics market amounts to US$146,616m in 2021. The market is expected to grow annually by 0.11% (CAGR 2021-2025). The market’s largest segment is the segment Telephony with a market volume of US$61,438m in 2021.
What is the current and prospective size of the electronic market?
The market is projected to grow from USD 689.45 billion in 2020 to USD 989.37 billion in 2027 at a CAGR of 5.3% in the 2020-2027 period.
What is the value of the electronics industry?
The CEA (Consumer Electronics Association) projected the value of annual consumer electronics sales in the United States to be over $170 billion in 2008. Global annual consumer electronic sales are expected to reach $2.9 trillion by 2020.
What consumer electronics include?
Consumer electronics include items, such as:
- Televisions.
- DVD players.
- Refrigerators.
- Washing machines.
- Computers.
- Laptops.
- Tablets.
What is the size of the consumer electronics market?
Consumer Electronics Market size valued at USD 1 trillion in 2019 and is estimated to grow at a CAGR of over 7% between 2020 and 2026. Continuous investments by industry players in R&D for development of new consumer electronic products including smartphones, smart wearables, and home appliances will drive the market growth.
How big is the consumer electronics market in APAC?
The APAC consumer electronics market size was valued at more than USD 400 billion in 2020 and will grow at a healthy CAGR with increasing urbanization and emergence of new regional players.
What makes the consumer electronics industry so successful?
The integration of consumer electronics, such as speakers, and earphones, with voice assistant equipment, will provide a positive market outlook. In addition, product upgrades and new product launches by several consumer electronics companies to increase consumer experience are also driving the industry progression.
When does the consumer electronics industry regain momentum?
The electronics industry regained momentum in the first quarter of 2021. The other factors contributing to the industry expansion during COVID-19 are work from home policies and e-learning trends.