Consumer Electronics: market data & analysis

Market Insights report

Consumer Electronics: market data & analysis

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?

  • Market Overview and performance drivers
  • Consumer insights and trends
  • Key players
  • Segments Overview
  • KPI comparison: Revenue, volume sales and growth rate
  • Country and regional rankings
  • Market forecasts

Table of contents

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 segmentation and how the Telephony segment dominates the market thanks to sales of mobile phones
  • Various market drivers, like smartphone and smart home penetration and their crucial impact on the overall market
  • The role that intelligent devices, an optimal picture and sound quality for a cinematic TV experience and independent media streaming play for a global customer
  • Key players like Apple and Samsung and how their competition is getting fiercer with Chinese manufacturers entering the market and sporting high growth rates
  • Leading market trends like digital ecosystems, virtual and augmented reality, consumer drones and voice assistants

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