The global revenue in the consumer electronics market was forecast to continuously increase between 2024 and 2029 by in total ***** billion U.S. dollars (+**** percent). After the fifth consecutive increasing year, the indicator is estimated to reach *** trillion U.S. dollars and therefore a new peak in 2029. Find more information concerning the Philippines and Indonesia. The Statista Market Insights cover a broad range of additional markets.

Concerning the *** selected segments, the segment Telephony has the largest revenue with ****** billion U.S. dollars. Contrastingly, Drones is ranked last, with **** billion U.S. dollars. Their difference, compared to Telephony, lies at ****** billion U.S. dollars. Find other insights concerning similar markets and segments, such as a ranking of subsegments in Mexico regarding revenue in the segment Telephony and a ranking by country regarding average price per unit (PPU) in the tablets segment of the consumer electronics market. The Statista Market Insights cover a broad range of additional markets.

The revenue of Consumer Electronics industry in Thailand is forecast to continuously decrease by **** billion U.S. dollars within the next years. Therefore, the revenue is estimated to shrink to **** billion U.S. dollars in 2029.The Consumer Electronics market comprises electronic and digital devices used privately either for entertainment (television sets, radios, smart speakers, etc.), communication (telephones, smart phones, etc.) or home-office activities (printers, copiers). Consumer electronics and household appliances (such as washing machines and refrigerators) are often sold by the same retailers, but the latter are excluded from this market outlook as they serve a purpose different than the one mentioned above. Big brands in this category are Samsung, Dell, HP, Apple, LG, Sony, etc. The Consumer Electronics market is driven by innovation – a constant improvement on existing products and their blend in creation of new commodities. This is why many of the devices contained in this market have more than one purpose (e.g. smartphones can be used as cameras, radios, etc.), and, in order to realize a consistent segmentation, focus is on their main function. The Consumer Electronics market only includes retail sales.

The retail revenue of the consumer electronics (CE) market in the United States constantly increased during the period from 2012 to 2021. Based on the projected retail sales for 2025, consumer electronics retail sales in the United States will reach *** billion U.S. dollars. OLED TVs were forecast to generate *** billion U.S. dollars in revenue in 2023. Portable gaming consoles were expected to generate *** billion U.S. dollars. Retailers   The United States offers a wide range of electronics retailers, both stores and online retailers. Examples are BestBuy, which generated revenues of around **** billion U.S. dollars in 2024, Walmart, Target, and the e-commerce platform Amazon. Other popular retailers in the country include Apple, Lenovo, and Dell.   Fluctuation in the U.S. consumer electronics industry   The consumer electronics industry in the United States has been increasing annually since the coronavirus pandemic hit the globe in 2020. After that, the industry grew by **** percent in 2021, before fluctuating in the following years.

LG Electronics continues to demonstrate strong performance in its home appliance segment, with projected revenue of 23.2 billion U.S. dollars for 2024. This segment remains a cornerstone of the company's business, outpacing other divisions such as home entertainment and mobile communications. The South Korean electronics giant's diverse portfolio is divided into home entertainment, mobile communications, home appliance and air solutions, and vehicle component solutions. Overall, the company’s annual revenue reached over 60 billion U.S. dollars in 2024. CE companies show different strengths While LG's home appliance segment leads its revenue streams, other major electronics companies show different strengths. For example, in contrast to LG, Sony’s game and network services constitute the company’s largest segment. Meanwhile, Samsung’s mobile experience was the company’s largest segment by a considerable margin. This highlights the varying focuses within the industry, with some companies excelling in entertainment technology while others, like LG, maintain strength in household appliances. Strong competition in the audio market The consumer electronics landscape extends beyond major conglomerates, with specialized audio equipment manufacturers also vying for market share. Bose Corporation, a leader in audio equipment, reported annual sales revenue of 3.1 billion U.S. dollars in fiscal year 2024, showing growth from previous years. In contrast, smaller players like Audio Pro in Sweden and Bang & Olufsen in Denmark have experienced fluctuating revenues in recent years. This illustrates the dynamic nature of the audio equipment market, where companies of various sizes compete for consumer attention.

From the selected regions, the ranking by revenue in the consumer electronics market is led by China with ***** billion U.S. dollars and is followed by the United States (*** billion U.S. dollars). In contrast, the ranking is trailed by Malaysia with *** billion U.S. dollars, recording a difference of ***** billion U.S. dollars to China. Find other insights concerning similar markets and segments, such as a ranking of subsegments in Mexico regarding revenue in the segment TV, Radio & Multimedia and a ranking by country regarding per capita sales volume in the computing segment of the consumer electronics market. The Statista Market Insights cover a broad range of additional markets.

In 2024, the consumer electronics market's revenue in East Asia was estimated at nearly ***** billion U.S. dollars. Southeast Asia's consumer electronic market was projected to generate around **** billion U.S. dollars in revenue that year.Find other insights concerning similar markets and segments, such as a comparison of revenue in Russia and a comparison of revenue in Germany.The Statista Market Insights cover a broad range of additional markets.

The revenue change in the consumer electronics market in Europe was forecast to increase between 2024 and 2029 by in total *** percentage points. This overall increase does not happen continuously, notably not in 2026 and 2028. The indicator is estimated to amount to **** percent in 2029. Find further information concerning the penetration rate in the 'consumer electronics' segment of the e-commerce market in Vietnam and the volume in the consumer electronics market in Italy.The Statista Market Insights cover a broad range of additional markets.

The average revenue per capita in the consumer electronics market in Vietnam was forecast to continuously increase between 2024 and 2029 by in total *** U.S. dollars (+**** percent). After the fifth consecutive increasing year, the indicator is estimated to reach ** U.S. dollars and therefore a new peak in 2029. Find other key market indicators concerning the revenue and revenue growth. The Statista Market Insights cover a broad range of additional markets.

In 2025, the revenue of the consumer electronics market in Indonesia was estimated at **** billion U.S. dollars. In comparison, the consumer electronics market in the Philippines was projected to generate around *** billion U.S. dollars in revenue that year.Find other insights concerning similar markets and segments, such as a comparison of worldwide regarding revenue.The Statista Market Insights cover a broad range of additional markets.

The revenue in the consumer electronics market in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total *********** GBP (£) (+**** percent). After the fifth consecutive increasing year, the indicator is estimated to reach ***** billion GBP (£) and therefore a new peak in 2029. Find more information concerning Italy and Mexico.The Statista Market Insights cover a broad range of additional markets.

Between 2024 and 2025, the consumer electronics industry in the United States is expected to increase by more than ***** percent. Consumer electronics industry The consumer electronics industry is a massive overarching term that encompasses everything from entertainment devices like video game consoles and televisions, to musical instruments like electric guitars and keyboards. Estimates suggest that in 2018, consumer expenditures on consumer electronic devices reach over ********** dollars, with smartphone sales accounting for nearly *** billion dollars on their own. China and the United States are the world’s largest consumers of these products, with a combined consumer electronics revenue of over *** billion dollars. Top manufacturers Given its massive size, the industry plays host to countless companies specializing in a range of different devices, each hoping to corner a piece of the ********-dollar market. Many of the industry’s biggest manufacturers are firms like Sony and Panasonic that produce multiple different entertainment and communications devices that are then sold in stores around the world.

In the fourth and final quarter of 2024, LG Electronics revenue from its home entertainment segment amounted to about 3.06 billion U.S. dollars. The home appliances & air solutions has been LG's largest business segment since the first quarter of 2019, and brought in a 5.9 billion U.S. dollars in 4Q 2024.

The revenue in the consumer electronics market in Mexico was forecast to continuously increase between 2024 and 2029 by in total *** billion U.S. dollars (+***** percent). After the seventh consecutive increasing year, the indicator is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2029. Find more information concerning Italy and the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

The global revenue of LG Electronics amounted to around 61.41 billion U.S. dollars in 2024. In the last decade, LG’s net sales remained relatively stable, staying almost consistently above 50 billion U.S. dollars. LG Electronics Headquartered in Seoul, South Korea, LG Electronics Inc. is a South Korean multinational electronics company. LG Electronics is part of LG Corporation, the fourth-largest chaebol in South Korea. Home entertainment, home appliance and air solution, and mobile communications are the most prolific business segments of LG Electronics, each bringing in tens of billions of dollars every year. China and South Korea are LG’s largest regional markets. Major Products TV sets, mobile phones and home appliances are some of LG’s major products. In 2022, LG accounted for ove 17 percent of the global television market, while its production volume of washing machines amounted to almost 14 million.

The average revenue per capita in the consumer electronics market in Thailand was forecast to continuously decrease between 2024 and 2029 by in total *** U.S. dollars (-*** percent). After the sixth consecutive decreasing year, the indicator is estimated to reach ***** U.S. dollars and therefore a new minimum in 2029. Find further information regarding average revenue per user (ARPU) in Vietnam and revenue growth in Vietnam. The Statista Market Insights cover a broad range of additional markets.

The revenue in the 'Consumer Electronics' segment of the electronics e-commerce market in China was forecast to continuously increase between 2024 and 2029 by in total **** billion U.S. dollars (+***** percent). After the sixth consecutive increasing year, the indicator is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2029. Find further information concerning the ARPU in the 'Consumer Electronics' segment of the electronics e-commerce market in Denmark and the ARPU in the 'Consumer Electronics' segment of the electronics e-commerce market in Canada. The Statista Market Insights cover a broad range of additional markets.

The revenue in the consumer electronics market in Indonesia was forecast to continuously increase between 2024 and 2029 by in total *** billion U.S. dollars (+***** percent). After the seventh consecutive increasing year, the indicator is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2029. Find further information concerning the Philippines and Vietnam. The Statista Market Insights cover a broad range of additional markets.

Over the last two observations, the revenue is forecast to significantly increase in all segments. Particularly striking is the exceptionally strong increase of the segment Consumer Electronics towards the end of the forecast period. The value amounting to *** billion euro stands out significantly from the average changes, which are estimated at ****** billion euro. Find further statistics on other topics such as a comparison of the revenue in Portugal and a comparison of the revenue in the Netherlands.The Statista Market Insights cover a broad range of additional markets.

In 2023, consumer electronics sales (excl. IT and telecommunications devices, e.g. smartphones and tablets) generated a revenue of roughly 8.3 billion euros in Germany. This was a slight decrease from the year before, but figures have remained fairly stable over the past five years.