The consumer electronics market is ready to expand its scope

DUBAI, UAE, Jan. 15, 2023 (GLOBE NEWSWIRE) — According to Future Market Insights, the global consumer electronics market is expected to extend its roots in A compound annual growth rate of 5.8% during the forecast period. The market share of the market is expected to exceed from 5.8 trillion US dollars By 2033, while it has a revenue of approx 3.3 trillion US dollars in 2023.

With the changing lifestyle, end users are looking to add more convenience and ease in their life. Advanced technology supports the idea and provides optimized solutions accordingly, fueling sales of consumer electronics worldwide.

Consumer electronics include a wide range of products such as televisions, computers, and smartphones. Moreover, the products are sourced more for personal use than for commercial applications, which expands the size of the consumer electronics market.

Concepts such as machine learning, 5G internet, and artificial intelligence have made market players renew their technology and turn it into a weapon with better service.

The high lifestyle and the increase in per capita income have led to an increase in the demand for advanced consumer electronics. Moreover, the embedded chips supported artificial intelligence technology in facilitating the work.

New smartphone technologies have penetrated other consumer electronic devices such as interactive monitors, televisions, and computers. This is followed by vendors who promote efficient consumption and sustainable product designs.

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the main points

  1. The Chinese market is the largest and fastest growing market for consumer electronics and is expected to pass a value of US$717.1 billion by 2033. The regional market is expected to thrive at a high rate of 11.6% between 2023 and 2033.
  2. The US consumer electronics market is booming at a compound annual growth rate of 2.9% over the forecast period. The market is likely to reach a value of $705.6 billion by 2033.
  3. The multi-brand store segment is likely to thrive in the sales channel category as it provides more dimensions to the retailer while diversifying choices for the end users. It is expected to thrive at a compound annual growth rate of 4.2% during the forecast period.
  4. The Consumer Electronics segment leads the product type tally at a compound annual growth rate of 5.2% between 2023 and 2033 while it thrived at a lower CAGR of 3.6% during the previous forecast period.

Competitive scene

Rivals focus on offering the latest technology from around the world with the most adjustable design that saves electricity while providing a modern hardware toilet. The major players in the consumer electronics market are Samsung Electronics Co. Ltd. and LG Electronics Co., Ltd. Ltd, Apple Inc, Hitachi Ltd, Koninklijke Philips NV, Sony Corporation, Hewlett Packard, Inc, Toshiba Corporation, Panasonic Corporation.

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Master slides


  • Consumer electronics
    • Digital camera / DVR and webcam
    • Smartphones/feature phones and tablets
    • Smart TV
    • Printers / decoder
    • Personal computers and game consoles
  • wearable devices
    • Smart accessories
    • other wearable devices
  • smart home devices
    • Stock and HVAC systems
    • Smart kitchen appliances

Sales channel:

  • Hypermarket / supermarket
  • Specialized stores
  • Multi-brand stores
  • online retailers
  • Wholesalers and distributors
  • Another sales channel

By region:

  • North Amarica
  • Latin america
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)

for example:

  • In 2022, Samsung Electronics. Ltd has introduced a wide range of new consumer electronics such as foldable phones, refrigerators with inverter technology, Neo QLED 8K/4K TV’s & AVs.
  • In 2022, LG Electronics launches a new line of laundry technologies that includes front-loading washers, top-loading washers, dryers, and semi-automatic washers.

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content list

1. Executive summary

1.1 Global Market Outlook

1.2 Demand Side Trends

1.3 Supply-side trends

1.4 Technology Roadmap Analysis

1.5 Analysis and recommendations

2. Market overview

2.1. Market coverage/classification

2.2. Market definition/scope/constraints

3. Market background

3.1. Market dynamics

3.1.1. drivers

3.1.2. restrictions

3.1.3. chance

3.1.4. trends

3.2 Scenario Predictions

3.2.1. demand in the optimistic scenario

3.2.2. demand in the likely scenario

3.2.3. demand in the conservative scenario

Read more table of contents…

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR accredited business advisory and market research firm, a member of the Greater New York Chamber of Commerce and headquartered in Delaware, USA. Recipient of the Clutch Leaders Award 2022 based on high client scores (4.9/5), we partner with global organizations on their business transformation journey and help them achieve their commercial ambitions. 80% of the largest Forbes 1000 companies are our clients. We serve global clients in all leading market sectors specializing in all major industries.

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