Rethinking Consumer Electronics
Consumer technology has evolved beyond simple, low-grade, and low-cost items.
The consumer sector is a significant aspect of the electronics industry, influencing our quality of life.
The standards of functionality, appearance, and quality have improved significantly in recent years.
- The consumer electronics market is currently worth $1.5 trillion to $2 trillion.
- It is expected to reach $3 trillion by 2030, representing 30-50% of the total global electronics market.
The consumer sector is arguably the most powerful aspect of today’s immense electronics industry.
This growth indicates rising standards of living worldwide as economies develop and prosperity increases.
Author's summary: Consumer electronics market grows to $3 trillion by 2030.