Consumer electronics in the United States - Statistics & Facts
Consumer electronics are home or personal electronic devices intended for everyday use, including devices for entertainment, communication, and recreation. The retail revenue from consumer electronics sales in the United States is expected to reach close to 505 billion U.S. dollars by the end of 2022, recording a growth rate of almost three percent.
Consumer electronics segments
The consumer electronics industry can be broken down into several segments, including televisions, personal computers, mobile phones, tablets, wearables, cameras, speakers, and headphones. In the United States, where the most profitable devices were smartphones, most of these segments have experienced sales fluctuations over the past years. For instance, smartphone shipments were forecast to decrease by 2025, and so were tablet shipments. Furthermore, the number of PC unit shipments slightly varied between 2020 and 2022, and so did that of U.S. television and video equipment imports. As for companies in the consumer electronics industry, Apple leads both the smartphone and tablet markets, holding almost 50 percent and 55 percent of them, respectively. By contrast, Samsung is still a major player in both industries but holds lower shares.
A growing interest in smart homes
With the advancement of technology, more connected devices have started to appear in both the global and the U.S. markets. With the increasing popularity of devices such as connected TVs, smart speakers, and smart bulbs, the United States has become a hotspot for smart homes, with a smart home market revenue of 43.8 billion U.S. dollars expected in 2025. The most common smart home devices among Americans were smart TVs, owned by around 76 percent of Americans. Other popular devices among Americans were smart speakers, smart bulbs, and smart streaming devices, like the Amazon Fire TV stick and Google Chromecast.
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