The revenue is forecast to experience significant growth in all segments in 2029. Particularly striking is the exceptionally strong increase of the segment Telephony towards the end of the forecast period. The value amounting to 19.7 billion U.S. dollars stands out significantly from the average changes, which are estimated at 5.1 billion U.S. dollars.
The Consumer Electronics market comprises electronic and digital devices used privately either for entertainment (television sets, radios , smart speakers, etc.), communication (telephones, smart phones, etc.) or home-office activities (printers, copiers). Consumer electronics and household appliances (such as washing machines and refrigerators) are often sold by the same retailers, but the latter are excluded from this market outlook as they serve a purpose different than the one mentioned above. Big brands in this category are Samsung, Dell, HP, Apple, LG, Sony, etc. The Consumer Electronics market is driven by innovation – a constant improvement on existing products and their blend in creation of new commodities. This is why many of the devices contained in this market have more than one purpose (e.g. smartphones can be used as cameras, radios, etc.), and, in order to realize a consistent segmentation, focus is on their main function. The Consumer Electronics market only includes retail sales.
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Statista Market Insights. (June 28, 2024). Revenue in the Consumer Electronics market for different segments Worldwide from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 06, 2025, from https://www.statista.com/forecasts/1441985/revenue-consumer-electronics-market-for-different-segments-worldwide
Statista Market Insights. "Revenue in the Consumer Electronics market for different segments Worldwide from 2019 to 2029 (in billion U.S. dollars)." Chart. June 28, 2024. Statista. Accessed January 06, 2025. https://www.statista.com/forecasts/1441985/revenue-consumer-electronics-market-for-different-segments-worldwide
Statista Market Insights. (2024). Revenue in the Consumer Electronics market for different segments Worldwide from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 06, 2025. https://www.statista.com/forecasts/1441985/revenue-consumer-electronics-market-for-different-segments-worldwide
Statista Market Insights. "Revenue in The Consumer Electronics Market for Different Segments Worldwide from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 28 Jun 2024, https://www.statista.com/forecasts/1441985/revenue-consumer-electronics-market-for-different-segments-worldwide
Statista Market Insights, Revenue in the Consumer Electronics market for different segments Worldwide from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1441985/revenue-consumer-electronics-market-for-different-segments-worldwide (last visited January 06, 2025)
Revenue in the Consumer Electronics market for different segments Worldwide from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, June 28, 2024. [Online]. Available: https://www.statista.com/forecasts/1441985/revenue-consumer-electronics-market-for-different-segments-worldwide
