Most used consumer electronics in the U.S. 2024 | Statista (2024)

FAQs

Most used consumer electronics in the U.S. 2024 | Statista? ›

93 percent of U.S. respondents answer our survey on "Most used consumer electronics" with "Smartphone".

According to a recent report published in 2024, mobile phones top the list of the most popular electronics, worldwide. The data shows that nearly all (97.7%) consumers own mobile phones. Of the different types of mobile phones, smartphones are the most popular.

Consumer Electronics - United States. The revenue in the Consumer Electronics market in the United States amounts to US$149.6bn in 2024. It is projected to grow annually by 1.52% (CAGR 2024-2029). The largest segment in the market is Telephony, with a market volume of US$62.1bn in 2024.

Mobile phones remain the most popular electronic device globally, with an astounding 96% of consumers owning one.

KEY MARKET INSIGHTS

The global consumer electronics market size was valued at USD 773.40 billion in 2023 and is projected to grow from USD 815.16 billion in 2024 to USD 1,467.94 billion by 2032, growing at a CAGR of 7.63% during 2024-2032.

93 percent of U.S. respondents answer our survey on "Most used consumer electronics" with "Smartphone". The survey was conducted in 2024, among 10,085 consumers.

Microsoft has sold more than 10 million Kinect sensor systems since launch on 4 November, and - according to Guinness World Records - is the fastest-selling consumer electronics device on record. The sales figures outstrip those of both Apple's iPhone and iPad when launched, Guinness said.

In the realm of electronics development and design, Artificial Intelligence (AI) and Machine Learning (ML) have become buzzwords in every industry. In 2024, AI algorithms will be instrumental in optimizing the design process, empowering engineers to create more efficient and effective electronic systems.

Revenue in the Electronic Market is projected to reach US$464.60bn in 2024. Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.92%, resulting in a projected market volume of US$712.30bn by 2029.

In conclusion, 2024 holds promise for the electronics industry, with substantial growth anticipated across various segments. The surge in IT infrastructure, coupled with recovery in personal tools and automotive sectors, underscores a positive outlook for the year ahead.

What are the top three most used devices? ›

Computers (laptops and desktops) Smartphones. Tablets.

Consumer Electronics: Items like smartphones, laptops, gaming consoles, and high-quality headphones tend to have high demand. Look for deals, discounts, or used items in good condition.

As of the first quarter of 2024, around 95.9 percent of global users accessed the internet via mobile phones, while 93.7 percent reported doing so via smartphones. By comparison, internet access via laptop or desktop was reported by almost 62.2 percent of respondents.

The Consumer Electronics market is dominated by established and well-known companies, including Apple, Samsung, Huawei, and Sony.

The Global Consumer Electronics market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Consumers age 34 and under make up nearly half of all electronics sales (47%). Meanwhile, just 5.4% of sales are made by shoppers age 65 or older. Consumers age 45 and up make just 30% of sales.

I anticipate significant advancements in digital transformation in 2024, with the emergence of new business models, converging technologies such as robotics, AI, automation, IoT, A/VR and increased demand for data-driven experiences.

Amplifying Growth

India is expected to become a $1 Tn digital economy by FY26. Currently, the electronics market in India is valued at $155 Bn with domestic production accounting for 65%. Technology transitions such as the rollout of 5G networks and IoT are driving the accelerated adoption of electronics products.