Key Trends in the Consumer Electronics Market You Should Know

Consumer electronics devices have long been an integral part of modern lifestyles. Driven by the increasing demand for smartphones, smart TVs and smart home appliances, the global consumer electronics market has regained its momentum over the past two years. The continuous upgrading of product performance is a stimulating factor of buying intention and market demand. A recent report showed that the global consumer electronics market size is estimated at about USD 773.40 billion, up 4.7% from USD 738.75 billion in 2022, and is anticipated to expand to USD 1,239.40 billion by 2030, exhibiting a CAGR of 6.97%. In Mainland China, another study stated that the size of the technological consumer electronics market can reach RMB 2.3 trillion in 2024, a year-on-year growth of approximately 5%.

In this enlightening session, we will embark on a journey through the dynamic landscape of the consumer electronics industry, unraveling the crucial trends that are reshaping the market. Whether you are a seasoned professional or a newcomer to the industry, join us for a thought-provoking exploration of the trends that are defining the future of consumer electronics.