Market Insights report
The rise and adoption of smart devices, like smart speakers, promises to drive the growth of the TV, Radio and Multimedia segment in the next few years. The segment consists of devices such as smart speakers, televisions, and headphones, with which consumers entertain themselves. In 2023, the worldwide revenue of the segment amounted to US$190.5 billion.
What's included?
The TV, Radio and Multimedia segment report covers devices such as televisions, stereo and smart speakers, digital cameras, headphones and radios. In 2023, the TV, Radio & Multimedia market worldwide generated a revenue of US$190.5bn. It is projected to experience an annual growth rate of 1.82% (CAGR 2024-2029). When compared globally, in China stands out as the top revenue generator, with US$38,990.0m in 2023. Taking into account the total population, the per person revenue in 2023 amounts to US$24.81. Looking ahead, the volume in the TV, Radio & Multimedia market is expected to reach 2.8bn pieces by 2029.
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