Sales of the leading consumer electronic (CE) companies worldwide 2023 | Statista (2024)

FAQs

Sales of the leading consumer electronic (CE) companies worldwide 2023 | Statista? ›

Apple is one of the most popular brands globally, ranking number one among other consumer electronics companies on the Forbes list with sales of 385.1 billion U.S. dollars as of 2023. The second-largest company by sales on this list was Samsung Electronics, with over 220 billion U.S. dollars in sales the same year.

KEY MARKET INSIGHTS

The global consumer electronics market size was valued at USD 773.40 billion in 2023 and is projected to grow from USD 815.16 billion in 2024 to USD 1,467.94 billion by 2032, exhibiting a CAGR of 7.63% during the forecast period.

The United States-based Apple Inc is the world's leading consumer electronics company by market cap (as of Mar 31, 2023).

Overall, the Consumer Electronics market generated a total revenue of US$987 billion in 2022, representing a 4.4% decline from the previous year. The Consumer Electronics market is dominated by established and well-known companies, including Apple, Samsung, Huawei, and Sony.

According to the latest research, the global Consumer Electronics market size was valued at USD 1013975.68 million in 2022 and is expected to expand at a CAGR of 5.72% during the forecast period, reaching USD 1416081.12 million by 2028.

Looking at units sold, the most popular Consumer Electronics brands as of September 2023 were Sony (21% share) and Samsung (18% share). Many of the popular brands saw a decrease in unit share year-over-year. Sony was the only leading brand to enjoy an increase, gaining 1.7 percentage points.

Economic conditions are becoming more favorable, and key product categories like smartphones are stabilizing, showing promising signs of a return to growth. The global Consumer Electronics market is projected to grow by low single digits in 2023, surpassing 950 billion dollars.

According to customer surveys, the most popular electronic product worldwide is a mobile phone, with over 96% of consumers owning this product (Oberlo, 2022).

According to DataHorizzon Research, The consumer electronics market was valued at USD 987.6 Billion in 2022 and is expected to reach USD 2,020.9 Billion by 2032 with a CAGR of 7.5%.

Consumer Electronics Market: Investment Opportunities

The global consumer electronics market size is expected to reach $1.1 trillion by 2030. The industry is expected to grow at a CAGR of around 5.0% from 2023 to 2032. The global consumer electronics industry offers a range of investment opportunities for investors.

Where are most consumer electronics made? ›

China is the largest producer & exporter of Consumer Electronics in the world.

1. China: The Titan of Electronics Manufacturing. Without a doubt, China remains the major electronics exporter. China's strong technology infrastructure, skilled labor, and huge production facilities cement its position as the epicenter of electronic manufacturing.

Eon Inc., Electravia Inc., and FC Inc., the three largest firms in the consumer electronics industry, hold close to 8 5 percent of the industry's market share. These companies mainly compete against each other by providing unique features in their products rather than pricing them low.

2023. CES 2023 was held from January 5 to 8, attracting 115,000 attendees. Production cars: Cenntro Logistar 300.

Consumer Electronics Market Size & Trends

The global consumer electronics market size was valued at USD 1,068.22 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030.

The global consumer electronics market size is expected to reach $1.1 trillion by 2030. The industry is expected to grow at a CAGR of around 5.0% from 2023 to 2032. The global consumer electronics industry offers a range of investment opportunities for investors.

According to the latest market research, as of 2024, the global demand for consumer electronics was valued at a staggering US$ 755 billion and is projected to reach a remarkable US$ 1150 billion by the end of 2031.