The global consumer electronics market size was valued at USD 773.40 billion in 2023 and is projected to grow from USD 815.16 billion in 2024 to USD 1,467.94 billion by 2032, exhibiting a CAGR of 7.63% during the forecast period.

List of Key Players Mentioned in the Report:

• Samsung Group (South Korea)
• LG Electronics Inc. (South Korea)
• Sony Corp. (Japan)
• Panasonic (Japan)
• Koninklijke Philips N.V. (Netherlands)
• Whirlpool Corp. (U.S.)
• AB Electrolux (Sweden)
• Apple Inc. (U.S.)
• HP Inc. (U.S.)
• Huawei Technologies Co., Ltd. (China)

Report Coverage:

Throughout the projected period, the study provides a thorough examination of the key trends driving the global business landscape. It also sheds light on the main drivers of the industry's growth in the following years. Following extensive investigation and analysis of market trends and the actions taken by well-known industry players, these facts have been made available.

Segmentation:

Electronic Devices Segment to Gain Traction Impelled by Soaring Household Penetration

By product type, the market for consumer electronics is subdivided into home appliances and electronic devices. The electronic devices segment is estimated to grow at a substantial pace over the estimated period. The expansion is driven by the rising launch of new products designed for specific applications.

Offline Segment to Depict Substantial Upsurge Owing to Rising Purchase Convenience