Consumer Electronics Industry Revenues to Exceed $1 Trillion in 2024
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Global consumer electronics market revenues are set to break through the one trillion dollar barrier in 2024. This is a significant milestone for the industry and comes at a time of pivotal change and innovation. At CES 2024 next month we will witness the transformative potential of technologies such as artificial intelligence as companies adapt to rapidly changing consumer needs and preferences. This will set the scene for the year ahead, which we forecast to be a positive one for the industry as key product categories see a return to growth amidst a rosier economic outlook and a less disruptive supply chain.
