Latin America, Middle East & Africa Consumer Electronics Market Databank
The Consumer Electronics market was valued at $836,200.0 Million in 2020, and is projected to reach $1,400,308.1 Million by 2029 growing at a CAGR of 5.94% from 2021 to 2029. Smartphones segment is expected to be the highest contributor to this market, with $274,925.1 Million in 2020, and is anticipated to reach $463,988.5 Million by 2029, registering a CAGR of 6.03%. E-readers segment is anticipated to reach $235,945.3 Million by 2029 with the highest CAGR of 6.22%. Smartphones and Laptops/Notebooks segments collectively expected to account for about 50.6% share of the Consumer Electronics market in 2020, with the former constituting around 32.9% share. E-readers and Tablets segments are expected to witness significant growth rates at a CAGR of 6.22% and 6.16% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 28.0% in the overall Consumer Electronics market in 2020, and is anticipated to reach 28.6% by 2029.
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