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:

The report gives a comprehensive analysis of the pivotal trends propelling the global business landscape throughout the forecast period. It also provides an insight into the major factors impelling the industry expansion over the ensuing years. These data have been provided after in-depth research and analysis of the industry trends and the steps undertaken by prominent industry participants.

Segmentation:

Electronic Devices Segment to Gain Traction Impelled by Soaring Household Penetration

By product type, the industry 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

Based on distribution channel, the industry is fragmented into online and offline. The offline segment is anticipated to register appreciable expansion throughout the projected period. The rise is impelled by the purchase convenience of comparing and choosing from a wide range of brands in person.