Consumer Electronics Market Size To Surpass Us 1 13 Trillion By 2030 According to precedence research, the consumer electronics market size is expected to surpass around us$ 1.13 trillion by 2030 and expanding growth at a cagr of 5.1% from 2022 to 2030. ottawa. According to precedence research, the consumer electronics market size is expected to surpass around us$ 1.13 trillion by 2030 and expanding growth at a cagr of 5.1% from 2022 to 2030.ottawa.
Consumer Electronics Market Size Share Industry Trends 2030 Consumer electronics market was valued at usd 1.3 trillion in 2023 and is anticipated to register a cagr of 13.2 % between 2024 and 2032. consumer electronics are electronics devices which are used by consumers for their day to day use. these include various appliances catering to the different needs of consumers. The global consumer electronics market size was valued at usd 1,068.22 billion in 2022 and is expected to grow at a compound annual growth rate (cagr) of 6.6% from 2023 to 2030. smartphone proliferation is expected to fuel the global market for consumer electronics. technological advancements, the emergence of 3g and 4g technologies, and. The consumer electronics market grew from usd 1.09 trillion in 2023 to usd 1.16 trillion in 2024. it is expected to continue growing at a cagr of 6.65%, reaching usd 1.71 trillion by 2030. the consumer electronics market encompasses a wide array of devices that facilitate communication, entertainment, and productivity, including smartphones. Market size in 2021 and beyond: in 2021, the global consumer electronics market size reached us$ 724.48 billion, showcasing its potential. looking ahead, the market is set to expand to us$ 1.13 trillion by 2030, growing at a steady compound annual growth rate (cagr) of 5.1% during the period from 2022 to 2030. 8.
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