The Global Consumer Electronics Market Grew By 7%

High demand for home computers, tablets and game consoles allowed the global market of consumer electronics in 2020 to reach at least 358.5 billion dollars, — informs Strategy Analytics. The result of one year ago, therefore, was improved by 7%.

Home PC and tablet shipments increased 11% to 396 million devices, while revenue rose to $199 billion (+17%). (+17% YoY).

The lockdown period successfully coincided with the long-awaited launch of sales of next-generation gaming consoles. As a result, this segment grew in monetary terms by 18%, to $11.9 billion.

However, not all categories were successful. In particular, wireless speakers (including smart speakers) saw a 3% decline in shipments, to 240 million units. Demand for TVs also declined slightly (-2% “YoY”).