The global consumer electronics market is estimated to expand at a expanding at 5.6% CAGR, total revenue is anticipated to reach US$ 17 Bn by 2031 “Global consumer electronics market growth is mainly driven by increasing disposable income, expanding urban population, growing internet penetration and availability of strong distribution network. Moreover, increasing adoption of smartphones in the Asia Pacific region, especially in the …
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Consumer Electronics Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031
The rise in requirement for smart accessories, smart home devices, and others coupled with the increase in environmental awareness is encouraging adoption of energy efficient products that guarantee more performance efficiency in cost-effective ways. FMI projects the global consumer electronics market to expand at a CAGR of 5.6% through 2031. The study reveals that covid-fatigue and …