The global consumer electronics market was valued at USD 870 billion in 2025. It is expected to grow to around USD 943 billion in 2026 and reach approximately USD 1,949 billion by 2035. This growth corresponds to a compound annual growth rate (CAGR) of 8.40% between 2026 and 2035, according to data from Precedence Research.
Key factors contributing to this expansion include the increasing adoption of interconnected home devices and rising consumer purchasing power for electronic products. These trends are driving demand across various segments within the consumer electronics industry.
**Why this matters**
Understanding the projected growth of the consumer electronics market helps businesses and investors identify opportunities for innovation and expansion. The rise in smart home technology and enhanced consumer spending indicates shifting preferences that could influence product development and marketing strategies in the coming years.
Source: NewsData