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Market Insights report
The Consumer Electronics market is driven by constant innovations and transformations, some of which include the steady introduction of the 5G mobile network, 5G compatible smartphones, and smart devices. The market is divided into six segments: TV, Radio & Multimedia, TV Peripheral Devices, Drones, Telephony, Gaming Equipment and Computing. Overall, Consumer Electronics generated US$ 955.5 billion in revenues worldwide in 2023, and by 2029, this is forecast to rise to US$ 1,096 billion.
What's included?
The Consumer Electronics market is divided into six segments: TV, Radio & Multimedia, TV Peripheral Devices, Drones, Telephony, Gaming Equipment and Computing. In this report, growth potentials, market drivers, consumer insights, key companies and future developments in the Consumer Electronics market worldwide will be discussed.
In 2023, the revenue generated in the Consumer Electronics market worldwide
amounted to a staggering US$955.5bn.
It is projected that the market will experience an annual growth rate of 2.91% from
2024 to 2029 (CAGR 2024-2029).
The largest segment within the Consumer Electronics market is Telephony, with a
market volume of US$498.3bn in 2023.
When comparing revenue across different countries, it is noteworthy that in China
generates the highest revenue with US$210.5bn in 2023.
Looking at the per capita figures, in 2023, each person contributes approximately
US$124.4 to the total revenue in the Consumer Electronics market.
In this report, you will find out more about:
Market Outlook
Market Outlook
We provide information on industries, companies, consumers, trends, countries, and politics, covering the latest and most important issues in a condensed format.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)