Innovative Technologies and Sustainable Practices Reshape the Consumer Electronics Market
The consumer electronics market is projected to reach $1,257.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031. This growth is driven by several key factors, including increased government initiatives to support the adoption of connected devices, the rapid expansion of the e-commerce sector, accelerating urbanization, rising disposable incomes, and continuous technological advancements in electronic devices.