Europe Consumer Electronics Market Size & Outlook
Europe consumer electronics market, 2018-2030 (US$M)
Related Markets
Europe consumer electronics market highlights
- The Europe consumer electronics market generated a revenue of USD 197,630.3 million in 2023.
- The market is expected to grow at a CAGR of 3.3% from 2024 to 2030.
- In terms of segment, smartphones was the largest revenue generating product in 2023.
- Smartphones is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 197,630.3 million |
| Market revenue in 2030 | USD 247,246.6 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Smartphones |
| Fastest growing segment | Smartphones |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smartphones, Tablets, Desktops, Laptops/Notebooks, Digital Cameras, Hard Disk Drives, Television, E-readers |
| Key market players worldwide | Apple Inc, Asustek Computer Inc DR, BlackBerry Ltd, Canon Inc, Dell Technologies Inc Ordinary Shares - Class C, Alphabet Inc Class A, HP Inc, HTC Corp DR, Huawei Technologies, Lenovo Group Ltd, LG Electronics Inc ADR, Motorola Solutions Inc, Nikon Corp, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Seagate Technology Holdings PLC, Sony Group Corp, Toshiba Corporation, ZTE Corp Class H |
Other key industry trends
- In terms of revenue, Europe region accounted for 17.4% of the global consumer electronics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,032,125.4 million by 2030.
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Consumer Electronics Market Scope
Consumer Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe consumer electronics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to consumer electronics market will help companies and investors design strategic landscapes.
Smartphones was the largest segment with a revenue share of 51.25% in 2023. Horizon Databook has segmented the Europe consumer electronics market based on smartphones, tablets, desktops, laptops/notebooks, digital cameras, hard disk drives, television, e-readers covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of some of the leading brands and the growing preference for smart devices among consumers are expected to drive the growth of the European consumer electronics market over the forecast period. A huge customer base scouting for zero-impact and sustainable electronic devices has been building up lately across Europe.
At the same time, various governments across Europe have been drafting favorable regulations for environmental safety, thereby promoting the adoption of sustainable, high-tech gadgets in the region.
The evolving business environment is opening immense opportunities for emerging local and regional brands offering unique design and technical features. This is expected to drive the growth of the European consumer electronics market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe consumer electronics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe consumer electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe consumer electronics market size, by country, 2018-2030 (US$M)
Europe Consumer Electronics Market Outlook Share, 2023 & 2030 (US$M)
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