Technology is revolutionizing many aspects of our lives, including how we work, communicate, relax, or take care of ourselves. In our increasingly digitalized world, it is hard to think about a life without “consumer electronics,” namely, electronic devices that are purchased by users for daily and personal purposes. In Belgium, smartphones and laptops are among the
over recent years. Furthermore, the Internet of Things (IoT) allows such devices to communicate with each other and to connect to the internet, with over 10 million
in 2024.
Mobile phones and computers still reign over the industry
Smartphones continue to be the most widely owned digital devices in Belgium. In 2024, it is forecast that
revenue from the mobile phones market in the country will amount to almost two billion U.S. dollars. On the other hand,
revenue of the PCs market will reach around 906 million U.S. dollars that year, but is expected to decrease in the coming years. On the contrary, the
penetration rate of tablets in Belgium continues its steady increase and is expected to equate to over 47 percent in 2024.
A dynamic tech industry
Beyond consumer electronics, the technology industry in Belgium is currently experiencing a period of growth and innovation and is expected to
drive the country’s economy in the future. This can be attributed to a range of factors, such as a favorable business climate, government support, and a highly skilled workforce. As a result, more and more businesses are taking advantage of the opportunities presented by the digital age, with the
rise of tech startups constituting one of the major drivers of growth in the technology industry in Belgium. The sector is poised for continued growth in the coming years, with
revenue in the IT services market projected to reach just under ten billion euros in 2024.
Located in the heart of Europe, the country has become and is expected to remain a hub for tech and consumer electronics startups, thanks to the availability of funding, policy incentives from the government, and a strong entrepreneurial culture.
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