Leading Consumer Electronics Country Markets 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. Asia-Pacific is expected to be the highest contributor to this market, with $328,626.6 Million in 2020, and is anticipated to reach $625,463.2 Million by 2029, registering a CAGR of 7.45%. Asia-Pacific and Europe collectively expected to account for about 66.4% share of the Consumer Electronics market in 2020, with the former constituting around 39.3% share. Asia-Pacific and Europe are expected to witness significant growth rates at a CAGR of 7.45% and 5.28% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 66.4% in the overall Consumer Electronics market in 2020, and is anticipated to reach 70.3% by 2029.
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