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Consumer Electronics Market to grow at a CAGR of 8 percent to reach USD 1.99 Trillion by 2029

(IT-NEWSWIRE.COM, April 02, 2023 ) Maximize Market research expects, the Consumer Electronics Market to grow from USD 1.08 trillion in 2021 to USD 1.99 trillion in 2029 at a CAGR of 8 percent.

Consumer Electronics Market Report Scope and Research Methodology

The report provides a detailed analysis on the Consumer Electronics Market structure for both regional and global markets. It also includes a list of the market players with their global presence and financial position. The bottom-up approach was used to estimate the Consumer Electronics Market size.

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Consumer Electronics Market Dynamics

The adoption of consumer electronics is increasing majorly due to embracement of disruptive technologies such as artificial intelligence, IoT and machine learning. The increasing use of wireless technologies such as wifi and Bluetooth is also driving the Consumer Electronics Market growth.

Consumer Electronics Market Regional Insights

The Consumer Electronics Market in the North America region has been grown majorly in recent years due to the increasing demand for smart household appliances and the presence of major players such as Apple, Amazon, Google and GE.

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Consumer Electronics Market Segmentation

By Product

Consumer electronics devices

Smart home devices

Wearable electronic devices

By Technology

Near Field Communication (NFC)

Magnetic Secure Transmission (MST)

Hon Hai

MIT Technology

Mellanox Technology

DXC Technology

Dell EMC






digital Annealar

Deep Tensor +Knowledge Graph

Connected digital Place

IBM Blockchain

Generation PCL Technology

Artificial intelligence(AI)

VR(Virtual Reality) technology

Intelligent apps

By Application



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Consumer Electronics Market Key Competitors include:

Samsung Electronics


General Electric


LG Electronics

Sony Corporation










Hewlett Packard, HP


Maximize Market Research is leading Electronics research firm, has also published the following reports:

Consumer Electronics Sensor Market- The market size is expected to reach USD 55.93 billion by 2029 at a CAGR of 16.32 percent during the forecast period.

Plastic for Consumer Electronics Market- The market size is expected to reach USD 9.81 billion by 2029 at a CAGR of 6.2 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.


Dnyaneshwari Yevale

+91 9607365656

Source: EmailWire.Com


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