What is the size of the global personal/consumer electronics market?

The market for personal/consumer electronics was estimated to be worth USD 1.4 trillion in 2023 and is expected to increase to USD 2.34 trillion by 2030, with a projected compound annual growth rate (CAGR) of 7.62% from 2024 to 2030.

What are the primary drivers of the global personal/consumer electronics market?

The primary drivers of the global personal/consumer electronics market are technological innovation, increasing digitalization, and evolving consumer lifestyles.

What are the key challenges facing the global personal/consumer electronics market?

The key challenges facing the global personal/consumer electronics market include market saturation, technological obsolescence, and supply chain disruptions.

Which region entirely dominates the global personal/consumer electronics market?

In 2023, North America held the largest share of the global p ersonal/consumer electronics market.

What are the key players in the global personal/consumer electronics market?

Apple Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd., Xiaomi Corporation, Sony Corporation, Lenovo Group Limited, HP Inc., Dell Technologies Inc., Microsoft Corporation, LG Electronics Inc., Canon Inc., Bose Corporation are the main players.