The Latest Global Electronics Industry Statistics Explained
The global electronics industry was valued at USD 825.09 billion in 2020.
The statistic ‘The global electronics industry was valued at USD 825.09 billion in 2020’ represents the total monetary worth of goods and services produced within the electronics industry worldwide during the year 2020. This value encompasses all the electronics products manufactured, sold, and traded across various sectors such as consumer electronics, telecommunications, automotive electronics, and industrial electronics. The high valuation of USD 825.09 billion indicates the significant economic impact and financial scale of the electronics industry on a global level, reflecting the widespread demand for electronic devices and technology-driven products in today’s interconnected world.
The global consumer electronics industry is expected to hit $1.5 trillion by 2027.
The statistic that the global consumer electronics industry is projected to reach $1.5 trillion by 2027 indicates a significant growth forecast in the sector over the coming years. This growth is likely driven by advancements in technology, increasing consumer demand for electronic products, and the continuous innovation and development of new devices and gadgets. The expanding adoption of smart devices, wearable technology, and the Internet of Things (IoT) are also contributing factors to the projected increase in market size. This statistic highlights the continued importance and influence of consumer electronics in various aspects of daily life and suggests opportunities for businesses operating in this industry to capitalize on the expected growth in the market.
The Global Electronics Manufacturing Services (EMS) market size was valued at $626 billion in 2020.
The statistic indicates that the Global Electronics Manufacturing Services (EMS) market had a total value of $626 billion in the year 2020. This figure represents the revenue generated by companies that provide a range of manufacturing, testing, distribution, and other services related to electronics production on behalf of original equipment manufacturers (OEMs). The EMS industry plays a pivotal role in the electronics supply chain by offering cost-effective and efficient solutions for companies looking to outsource their manufacturing operations. The substantial market size highlights the significance of EMS providers in meeting the global demand for electronic devices and components, reflecting the ongoing growth and evolution of the electronics industry.
The global wearable technology market size was valued at $32.63 billion in 2019.
The statistic indicates that in 2019, the global market for wearable technology reached a valuation of $32.63 billion. This figure represents the total value of sales and revenue generated from wearable devices such as smartwatches, fitness trackers, and other wearable gadgets around the world during that year. The growing popularity and adoption of wearable technology by consumers, driven by advancements in technology and increasing health and fitness awareness, have contributed to the significant market size. This statistic provides insights into the size and potential growth of the wearable technology industry, highlighting its importance in the global consumer electronics market.
The Semiconductor industry worldwide had total revenue of $476.2 billion in 2018.
The statistic that the Semiconductor industry worldwide had total revenue of $476.2 billion in 2018 indicates the monetary value generated by companies involved in the production and sale of semiconductor devices and components during that year. This figure represents the collective financial performance of the industry on a global scale, reflecting the demand for semiconductors in various sectors such as electronics, telecommunications, automotive, and others. A growth in revenue for the Semiconductor industry suggests a thriving market, driven by factors like technological advancements, increasing use of electronic devices, and expanding applications of semiconductors in diverse industries. Tracking industry revenue provides valuable insights into the economic health and growth potential of the Semiconductor sector, influencing investment decisions, policy-making, and strategic planning within the industry.
The US-based businesses represent approximately 45% of the global semiconductor industry.
The statistic “The US-based businesses represent approximately 45% of the global semiconductor industry” indicates that a significant portion of the semiconductor market worldwide is dominated by companies based in the United States. This suggests that the US semiconductor industry is a major player in the global market, contributing nearly half of the total industry revenue and market share. The statistic highlights the strong competitive position of US-based semiconductor companies on a global scale, showcasing their technological advancements, innovation capabilities, and market influence. This data is important for understanding the global distribution of semiconductor manufacturing and the economic impact of US companies in this industry.
The consumer electronics segment is forecasted to grow at a CAGR of 11.0% from 2020 to 2027.
The statement indicates that the consumer electronics segment is projected to experience a Compound Annual Growth Rate (CAGR) of 11.0% from 2020 to 2027. CAGR is a measure used to understand the annual growth rate of an investment over a specified period, providing a smooth representation of growth over time. In this case, a CAGR of 11.0% suggests that the consumer electronics industry is expected to exhibit a consistent annual growth rate of 11.0% between the years 2020 and 2027. This forecast indicates positive growth prospects for the consumer electronics sector, signaling potential opportunities for companies operating within this industry to expand their market share and profitability over the stated period.
The global power electronics market size was valued at $20.14 billion in 2020.
The statistic indicating that the global power electronics market size was valued at $20.14 billion in 2020 represents the total monetary value of all power electronics products and services sold and consumed worldwide during that year. Power electronics are electronic components and systems used to control and convert electrical power efficiently. The market size of $20.14 billion reflects the significant demand for power electronics across various industries such as automotive, renewable energy, consumer electronics, and industrial applications. This statistic provides valuable insights into the scale and importance of the power electronics industry on a global scale, highlighting the substantial economic activity and innovation in this sector in 2020.
The global home electronics market is expected to reach $790.5 billion by 2025.
The statistic indicates that the global home electronics market is forecasted to grow significantly over the next few years, reaching a total value of $790.5 billion by the year 2025. This growth projection suggests a positive trend in consumer demand for home electronics products, such as televisions, refrigerators, washing machines, and smart home devices. Factors contributing to this anticipated market expansion may include technological advancements, innovations in product design, changing consumer preferences, and increasing disposable income levels in key global markets. This statistic can be valuable for industry stakeholders, market analysts, and policymakers to understand the potential opportunities and challenges in the home electronics sector and make informed decisions accordingly.
The global E-Waste Management Market size was valued at $42.63 billion in 2019.
This statistic indicates that the global E-Waste Management Market had a total value of $42.63 billion in the year 2019. E-Waste Management refers to the management and disposal of electronic waste, such as old computers, smartphones, and other electronic devices. As technology continues to advance and more electronic devices are consumed globally, the amount of electronic waste generated also increases. The market size value suggests the significant scale and importance of the E-Waste Management industry, reflecting the growing awareness and initiatives to properly manage and recycle electronic waste to mitigate environmental impact and promote sustainability.
The share of smart TVs in total TV shipments worldwide reached 70% in 2020.
The statistic indicates that smart TVs made up 70% of the total number of TVs shipped worldwide in 2020. This suggests a significant shift in consumer preferences towards smart TVs over traditional non-smart TVs. Smart TVs offer advanced features such as internet connectivity, streaming services, and app integration, making them increasingly popular among consumers looking for enhanced entertainment options. The high share of smart TVs in total shipments reflects the growing demand for connected, interactive viewing experiences, and further underscores the importance of technological innovation in the television industry.
The mobile phone accessories market size was valued at $224.69 billion in 2018.
The statistic indicates that the total market value of mobile phone accessories in 2018 was $224.69 billion. This figure includes revenue generated from various accessories such as cases, chargers, screen protectors, and other add-ons designed to enhance the functionality or aesthetic appeal of mobile phones. The size of the mobile phone accessories market reflects the growing demand for personalizing and protecting mobile devices, as well as the increasing popularity and widespread adoption of smartphones worldwide. This significant market valuation suggests a lucrative and competitive industry with ample opportunities for companies to capitalize on consumer preferences and trends related to mobile phone accessories.
China is the largest producer of electronic components, accounting for over 30% of the global electronic production volume.
The statistic that China is the largest producer of electronic components, contributing to over 30% of the global electronic production volume, highlights the significant role that China plays in the electronics industry. This data suggests that China has a dominant position in manufacturing electronic components compared to other countries around the world, indicating its strong capabilities and resources in this sector. The sheer magnitude of China’s production volume underscores its importance as a key player in the global supply chain for electronic devices and components. This statistic also implies that China has a competitive advantage in terms of cost-efficiency, technology, and infrastructure, making it a crucial hub for electronics manufacturing on a global scale.
Japan is the third-largest electronics industry in the world, with a size of $216 billion in 2019.
The statistic that Japan is the third-largest electronics industry in the world, with a size of $216 billion in 2019, indicates that Japan has a significant presence and impact in the global electronics market. This ranking suggests that Japan has a strong economy and advanced technology infrastructure that enables it to produce and export a substantial value of electronic products. The $216 billion figure reflects the total value of electronic goods produced or sold by Japanese companies in 2019, highlighting the country’s importance in the electronics industry and its contribution to the global economy through technology manufacturing and innovation.
The global display market is expected to reach $20 billion by 2024.
The statistic stating that the global display market is expected to reach $20 billion by 2024 implies a significant growth trend in the display industry worldwide. This projection suggests that the demand for display technologies such as televisions, monitors, mobile phone screens, and digital signage is increasing, likely driven by factors such as technological advancements, growing consumer preferences for high-quality displays, and the expanding use of displays in various applications. The anticipated market value of $20 billion by 2024 indicates a substantial market opportunity for companies operating in the display industry, and highlights the importance of staying competitive and innovative to capture a share of this lucrative market.
Global laptop shipments amounted to 166.5 million units in 2020.
The statistic stating that global laptop shipments amounted to 166.5 million units in 2020 reflects the total number of laptops that were shipped and delivered to customers around the world during that year. This figure is a measure of the size and scale of the laptop market, indicating the level of demand for portable computing devices. It is a crucial metric for manufacturers, retailers, and investors in the technology industry to assess trends, market share, and overall performance. The significant number of laptop shipments highlights the continued relevance and importance of laptops in today’s digital age for work, education, and personal use.
The integrated circuit (ICs) market size was valued at $339.7 billion in 2020.
The statistic stating that the integrated circuit (ICs) market size was valued at $339.7 billion in 2020 represents the total monetary value of sales within the integrated circuit industry for that specific year. This figure indicates the scale and importance of the ICs market, reflecting the widespread use of integrated circuits in various electronic devices such as smartphones, computers, and automotive systems. The market size value of $339.7 billion highlights the significant economic impact and the robust growth potential of the ICs industry, serving as a key indicator for investors, policymakers, and market analysts to understand the overall health and trajectory of the integrated circuit market.
Conclusion
After analyzing the global electronics industry statistics, it is evident that technology is rapidly advancing and the demand for electronic products continues to grow. Companies in this industry will need to stay innovative and adaptable to keep up with the ever-changing market trends. Overall, the future looks promising for the global electronics industry.
References
0. – https://www.www.jetro.go.jp
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