U.S. Consumer Electronics Market Size & Outlook, 2023-2030
U.S. consumer electronics market, 2018-2030 (US$M)
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U.S. consumer electronics market highlights
- The U.S. consumer electronics market generated a revenue of USD 191,398.8 million in 2023 and is expected to reach USD 262,643.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.6% 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.
Consumer electronics market data book summary
| Market revenue in 2023 | USD 191,398.8 million |
| Market revenue in 2030 | USD 262,643.5 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Smartphones |
| Fastest growing segment | Smartphones |
| 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, U.S. accounted for 16.8% 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 North America, U.S. consumer electronics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 262,643.5 million by 2030.
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Consumer Electronics Market Scope
Consumer Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 51.32% in 2023. Horizon Databook has segmented the U.S. 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.
Some of the key trends driving the growth of the U.S. consumer electronics market include the growing preference for energy-efficient, durable, and compact electronic devices among consumers, which can be attributed to the rising awareness of the adverse impacts of electricity consumption and e-waste on the ecosystem.
Furthermore, rising investments by key players in the country for setting up manufacturing facilities, developing skilled labor, and expanding distribution networks are also expected to drive market growth as they provide greater access to electronic gadgets at relatively lower prices. The funds will address the semiconductor industry's current technical difficulties and labor shortages.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. consumer electronics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. consumer electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. consumer electronics market size, by product, 2018-2030 (US$M)
U.S. Consumer Electronics Market Outlook Share, 2023 & 2030 (US$M)
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