Personal/Consumer Electronics Market was valued at USD 1,120 Billion in 2022 and is projected to reach USD 1,700 Billion by 2030, growing at a CAGR of 5.6% from 2024 to 2030.
The global personal/consumer electronics market was valued at approximately $850 billion in 2022, with an expected compound annual growth rate (CAGR) of 6.5% from 2023 to 2028. This growth trajectory indicates a robust expansion driven by increasing consumer demand for innovative and connected devices. Key segments within this market include smartphones, wearables, and home entertainment systems, each contributing significantly to the overall market size. The rise in disposable incomes and technological advancements are fueling this growth, while the integration of artificial intelligence and Internet of Things (IoT) technologies into consumer electronics continues to drive market dynamism.
Opportunities in the personal/consumer electronics market are primarily emerging in regions such as Asia-Pacific and Latin America, where rapid urbanization and increasing technology adoption are accelerating market penetration. Furthermore, the surge in remote working and online entertainment is creating substantial demand for high-performance and versatile consumer electronics. As these regions experience technological adoption and economic growth, they present lucrative prospects for market players aiming to capitalize on evolving consumer needs and preferences.
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Apple
AB Electrolux
Bose
Canon
Dell
General Electric
Haier
HP
Huawei
LG
Nikon
Philips
Samsung
Sennheiser
Sonos
Sony
Xiaomi
ZTE
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Personal/Consumer Electronics Market
Personal
Professional
Based on Types the Market is categorized into Below types that held the largest Personal/Consumer Electronics market share In 2023.
Television Sets
Video Players
Recorders
Videocams
Audio Equipment
Mobile Telephones
Computers
Portable Devices
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Personal/Consumer Electronics Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Personal/Consumer Electronics Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Personal/Consumer Electronics Market, By Type
6. Global Personal/Consumer Electronics Market, By Application
7. Global Personal/Consumer Electronics Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Personal/Consumer Electronics Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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