U.S. consumer electronics industry growth rate 2012-2020

Between 2019 and 2020, the consumer electronics industry is expected to grow by around four percent. However, due to the impact of the coronavirus (COVID-19) pandemic, the tech consumer goods market may not reach the forecast growth in 2020.

Consumer electronics industry

The consumer electronics industry is a massive overarching term that encompasses everything from entertainment devices like video game consoles and televisions, to musical instruments like electric guitars and keyboards. Estimates suggest that in 2018, consumer expenditures on consumer electronic devices reach over a trillion dollars, with smartphone sales accounting for nearly 500 billion dollars on their own. China and the United States are the world’s largest consumers of these products, with a combined consumer electronics revenue of over 350 billion dollars.

Top manufacturers

Given its massive size, the industry plays host to countless companies specializing in a range of different devices, each hoping to corner a piece of the trillion-dollar market. Many of the industry’s biggest manufacturers are firms like Sony and Panasonic that produce multiple different entertainment and communications devices that are then sold in stores around the world.

Growth rate of the consumer electronics industry in the United States from 2012 to 2020

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Release date

January 2020


United States

Survey time period

2012 to 2020

Supplementary notes

* Estimate

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