North America Consumer Electronics Market Size & Outlook
North America consumer electronics market, 2018-2030 (US$M)
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North America consumer electronics market highlights
- The North America consumer electronics market generated a revenue of USD 226,642.3 million in 2023.
- The market is expected to grow at a CAGR of 4.4% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 226,642.3 million |
| Market revenue in 2030 | USD 306,254.1 million |
| Growth rate | 4.4% (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, North America region accounted for 19.9% 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 |
|---|
North America 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 51.31% in 2023. Horizon Databook has segmented the North America 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 North American regional market can be considered one of the largest and most advanced markets for consumer electronics products and devices. Countries such as the U.S. and Canada are home to some of the largest electronics manufacturing companies in the world, such as Google LLC, Dell Technologies Inc., and Apple Inc.
The high GDP per capita income and well-established digital infrastructure in the region have further enabled the rapid adoption of laptops, smartphones, tablets, and hard disks, driving the growth of the regional market.
Furthermore, the preference for remote working and virtual communication, which gained immense traction in the wake of the COVID-19 outbreak, has also played a significant role in the growth of the regional market. Over the forecast period, continued R&D and innovations are expected to open new growth opportunities for the consumer electronics market in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America consumer electronics market , including forecasts for subscribers. This continent databook contains high-level insights into North America consumer electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America consumer electronics market size, by country, 2018-2030 (US$M)
North America Consumer Electronics Market Outlook Share, 2023 & 2030 (US$M)
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