Consumer electronics & IT
Consumer electronics & IT
Full market overview in real time

Revenue in the global Consumer Electronics market amounts to US$1,028.00bn in 2023. The market is expected to grow annually by 2.32% (CAGR 2023-2028). The market's largest segment is the segment Telephony with a market volume of US$498.30bn in 2023. In relation to total population figures, per person revenues of US$133.80 are generated in 2023.

In the Consumer Electronics market, 45.9% of total revenue will be generated through online sales by 2023. The average volume per person in the Consumer Electronics market is expected to amount to 1.08pieces in 2023.

*source: Satista

Due to the development of technology, we help make life easier for people. There are more and more smart devices, which are slowly becoming inevitable in today's world. The number of these devices is growing more and more, and they are more and more advanced.

In the world, 75% of the population uses technology, and even 63% of the human population has access to the Internet. while the number of mobile devices reached almost 15 billion (2021), unlike last year when that number was 14 billion. It is predicted that by 2030, the percentage of the population using technology will jump to 90%.

Therefore, the sector of consumer electronics is characterized by increasing competitiveness and variety. As the number of technology users grows and so does the number of competitors, we need to monitor prices, quality, and variety of products to remain competitive.

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