The Latest Electronics Industry Statistics Explained
Electronics industry is expected to reach USD 1,081 Billion by 2027 at a CAGR of 7.4%.
This statistic indicates the projected growth of the electronics industry with an anticipated market value of USD 1,081 billion by the year 2027. The Compound Annual Growth Rate (CAGR) of 7.4% suggests a steady and consistent annual growth rate over the forecasted period. This positive trend reflects the expected increase in demand for electronic products and services, driven by factors such as technological advancements, evolving consumer preferences, and expanding global markets. The forecasted value of USD 1,081 billion underscores the significant economic impact and potential opportunities within the electronics industry in the coming years.
The global semiconductor market is projected to grow to 726 billion U.S. dollars by 2027.
The statistic stating that the global semiconductor market is projected to grow to 726 billion U.S. dollars by 2027 indicates a predicted significant expansion in the industry over the next several years. This growth forecast suggests a positive outlook for the semiconductor market, driven by factors such as increasing demand for electronic devices, advancements in technology such as artificial intelligence, Internet of Things, and 5G networks, as well as the adoption of semiconductors in various industries including automotive, healthcare, and telecommunications. Such a substantial projected increase in market size reflects the vital role that semiconductors play in powering modern-day devices and technology, highlighting the industry’s potential for continued innovation and development in the coming years.
The consumer electronics market recorded revenue of $837.4 billion in 2020.
The statistic indicates that the consumer electronics market generated a total revenue of $837.4 billion in the year 2020. This figure represents the total sales earned by companies within the consumer electronics industry, including products such as smartphones, laptops, televisions, and other electronic devices purchased by consumers worldwide during that year. The revenue generated highlights the significant size and economic importance of the consumer electronics sector, underscoring the demand for technology products and devices among consumers globally. This statistic provides valuable insight into the overall performance and scale of the consumer electronics market in 2020.
The United States alone imported $372 billion worth of electric machinery in 2019.
The statistic that the United States imported $372 billion worth of electric machinery in 2019 provides insight into the country’s reliance on foreign sources for electrical equipment and devices. This significant level of imports points towards the United States’ high demand for electric machinery, likely driven by various industries such as manufacturing, technology, and consumer electronics. The large sum also underscores the importance of international trade in meeting the country’s needs for advanced and specialized electrical equipment. Analyzing import figures like this can offer valuable information about the state of the American economy, industrial sectors, and global supply chains in the electric machinery market.
In 2020, the IoT devices reached 10.8 billion devices.
The statistic that in 2020, the Internet of Things (IoT) devices reached 10.8 billion devices highlights the rapid growth and adoption of IoT technology worldwide. The significant increase in IoT devices from previous years indicates a rising trend in connectivity, automation, and data exchange among various devices and systems. This statistic signifies the increasing integration of IoT devices in everyday life, industries, and smart cities, transforming the way we interact with technology and gather data. The widespread deployment of IoT devices emphasizes the importance of data security, privacy, and the need for robust infrastructure to support the growing network of interconnected devices.
The TV and video market’s revenue in 2020 was $153 billion worldwide.
The statistic highlights the total revenue generated by the TV and video market globally in the year 2020, amounting to $153 billion. This figure encompasses the financial transactions resulting from the sales and subscriptions related to television and video content, including broadcasting rights, advertising revenue, pay-per-view services, and streaming platforms. The substantial revenue generated indicates the significant economic impact and scale of the TV and video market on a worldwide basis, reflecting the industry’s popularity and widespread consumer engagement with audiovisual content across various platforms and mediums.
Smartphone users worldwide was 3.5 billion in 2020.
The statistic “Smartphone users worldwide was 3.5 billion in 2020” refers to the estimated number of individuals who owned and used smartphones globally in the year 2020. This figure of 3.5 billion represents a significant portion of the global population and highlights the widespread adoption and reliance on smartphones for communication, information access, and various other purposes. The statistic indicates the pervasive nature of technology in modern society and underscores the need for businesses and organizations to adapt their strategies to cater to this growing segment of smartphone users for marketing, communication, and service delivery purposes.
The total sales of TVs worldwide in 2019 was 225.9 million units.
The statistic “The total sales of TVs worldwide in 2019 was 225.9 million units” represents the aggregate number of television units purchased across the globe in the year 2019. This data point provides valuable insight into the scale of the television market for that particular year, indicating a high level of demand for TVs on a global scale. The statistic can be used to analyze trends in consumer behavior, technological advancements in the TV industry, and overall economic factors influencing the sales of electronic devices. Additionally, this statistic can serve as a benchmark for comparing sales performance in subsequent years and for forecasting future market trends in the television industry.
Artificial Intelligence Electronics Market is expected to reach USD 16915.48 Million by 2027.
The statistic “Artificial Intelligence Electronics Market is expected to reach USD 16915.48 Million by 2027” indicates the projected value of the artificial intelligence electronics market in terms of revenue by the year 2027. This suggests a significant growth trajectory in the use and demand for artificial intelligence technology in various electronic devices and industries. The estimated value of USD 16915.48 million signifies the anticipated total market size, reflecting the increasing adoption of artificial intelligence in driving innovation, efficiency, and advancement across sectors such as healthcare, automotive, consumer electronics, and more. This statistic serves as a key indicator of the expanding market opportunities and potential economic impact of artificial intelligence technologies in the coming years.
China made up approximately 70 percent of the global electronics industry revenue.
The statistic that China accounted for roughly 70 percent of global electronics industry revenue indicates the significant dominance and influence of China within the electronics sector. This statistic suggests that China has a major presence in manufacturing, exporting, and supplying electronic products globally. This level of market share indicates China’s strength in producing and selling electronic goods, with a substantial portion of the industry’s revenue flowing through Chinese companies. The statistic highlights China’s pivotal role in the global electronics market and underscores its status as a key player in shaping the direction and dynamics of the industry worldwide.
In 2020, worldwide electronics manufacturing services (EMS) market size was over $555 billion.
The statistic stating that the worldwide electronics manufacturing services (EMS) market size was over $555 billion in 2020 reflects the total value of all electronic products manufactured and assembled by EMS companies on a global scale during that year. This figure indicates the significant economic impact and scale of the EMS industry, showcasing the high demand for electronics and the outsourcing of manufacturing services to specialized companies. The size of the EMS market is crucial for understanding the trends and developments in the electronics industry, as well as for forecasting future growth and opportunities within this sector.
Global Electronic Contract Manufacturing and Design Services Market size reached $469.2 billion in 2020.
The statistic indicates that the global electronic contract manufacturing and design services market was valued at $469.2 billion in 2020. This suggests a significant demand for outsourcing services related to electronic product design and manufacturing, as companies are seeking expertise and efficiency in these areas. The market size figure reflects the total revenue generated by companies offering contract manufacturing and design services in the electronics industry worldwide during that year, encompassing a wide range of services from prototype development to full-scale production. This statistic highlights the importance of electronic contract manufacturing and design services in the global economy and signals a flourishing sector within the electronics industry.
Consumer electronics wireless earphone sales is predicted to reach $9.73 billion by 2026.
The statistic indicates that the sales of consumer electronics wireless earphones are expected to continue to grow significantly, with a projected revenue of $9.73 billion by the year 2026. This implies a strong demand for wireless earphones among consumers, likely driven by factors such as increasing smartphone usage, technological advancements in wireless connectivity, and a growing preference for convenient and portable audio solutions. The prediction suggests that the market for consumer electronics wireless earphones is thriving and poised for continued expansion in the years to come, presenting opportunities for businesses operating in this sector to capitalize on this trend and drive revenue growth.
The wearable electronics business in 2020 was worth over $70 billion.
The statistic “The wearable electronics business in 2020 was worth over $70 billion” indicates the total market value of wearable electronics, such as smartwatches, fitness bands, and augmented reality devices, in the year 2020. This figure reflects the significant growth and demand for wearable technology among consumers worldwide, driven by advancements in technology, increasing health and fitness awareness, and the integration of smart features into everyday accessories. The $70 billion valuation highlights the substantial revenue generated within the wearable electronics industry, showcasing its importance within the broader consumer technology sector and its potential for continued expansion and innovation in the future.
Global flexible electronics market is predicted to reach $50.3 billion by 2030.
The statistic indicates that the global flexible electronics market is forecasted to grow significantly and reach a value of $50.3 billion by the year 2030. This projection suggests a growing demand and adoption of flexible electronics technology, including products such as flexible displays, sensors, and wearable devices. The increasing trend towards miniaturization, portability, and bendable electronics in various industries such as consumer electronics, healthcare, and automotive is expected to drive the market growth. Additionally, advancements in materials science and manufacturing processes are likely to further propel the expansion of the flexible electronics market over the next decade.
The global market for fresh food packaging is projected to be worth USD 95.91 billion by 2025.
This statistic indicates that the global market for fresh food packaging is expected to reach a value of USD 95.91 billion by the year 2025. This projection suggests a substantial growth potential in the coming years, driven by factors such as increasing demand for fresh food products, changing consumer preferences towards convenience and sustainability, and advancements in packaging technologies. The growth in this market signifies a significant opportunity for businesses operating in the fresh food packaging industry to capitalize on emerging trends and technologies to meet the evolving needs of consumers and drive revenue growth.
The global Electronics & Consumer Goods Plastics is projected to reach USD 53.5 billion by 2026.
This statistic indicates that the global market for Electronics & Consumer Goods Plastics is anticipated to grow and reach a value of USD 53.5 billion by the year 2026. This projection suggests a significant increase in demand for plastics used in electronic devices and consumer goods worldwide over the next several years. Factors driving this growth may include advancements in technology, changing consumer preferences, and increased production and consumption of electronic products and consumer goods globally. Companies operating in the Electronics & Consumer Goods Plastics industry may benefit from this projected growth by adapting their strategies to meet the rising demand for plastic materials in these sectors.
95% of U.K consumers bought at least one tech product over the last 12 months.
The statistic ‘95% of U.K consumers bought at least one tech product over the last 12 months’ indicates a widespread adoption and consumption of technology products among consumers in the United Kingdom. This high percentage suggests that the majority of the population have engaged with technology in some form, whether it be purchasing a new device, software, or gadget. The statistic highlights the importance and integration of technology in the daily lives of U.K consumers, reflecting a trend towards increasing reliance on and interest in technological advancements for various purposes such as communication, entertainment, work, and other activities.
References
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