UK Consumer Electronics Market Size & Outlook, 2023-2030
UK consumer electronics market, 2018-2030 (US$M)
Related Markets
UK consumer electronics market highlights
- The UK consumer electronics market generated a revenue of USD 47,591.9 million in 2023 and is expected to reach USD 62,180.7 million by 2030.
- The UK market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
- In terms of segment, smartphones was the largest revenue generating product in 2023.
- E-readers is the most lucrative product segment registering the fastest growth during the forecast period.
Consumer electronics market data book summary
| Market revenue in 2023 | USD 47,591.9 million |
| Market revenue in 2030 | USD 62,180.7 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Smartphones |
| Fastest growing segment | E-readers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UK accounted for 4.2% of the global consumer electronics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK consumer electronics market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 62,180.7 million by 2030.
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Consumer Electronics Market Scope
Consumer Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 51.29% in 2023. Horizon Databook has segmented the UK 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.
A high purchasing power and the growing preference of consumers for high-quality, high-performance products bode well for the growth of the U.K. consumer electronics market. Furthermore, the rising government initiatives for the digitalization of the education sector are also expected to strengthen the consumer electronic market in the U.K.
For instance, in April 2020, the U.K. government initiated the Get Help with Technology Program, in which the government distributed over 1.35 tablets and laptops to schools, trusts, local authorities, and other educational entities to help disadvantaged young people and children as of 2022.
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Our clientele includes a mix of consumer electronics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK consumer electronics market , including forecasts for subscribers. This country databook contains high-level insights into UK consumer electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK consumer electronics market size, by product, 2018-2030 (US$M)
UK Consumer Electronics Market Outlook Share, 2023 & 2030 (US$M)
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