Component Sense Blog

Tag: Covid19

European Consumer Electronics Sector to Suffer $14.2bn Revenue Loss

European Consumer Electronics Sector to Suffer $14.2bn Revenue Loss
The Covid-19 pandemic has caused a significant shift in consumer spending, directly impacting Europe's consumer electronics industry. In times of economic uncertainty, consumers are choosing to buy essential items such as groceries and household items, rather than big-ticket purchases such as televisions and smartphones. According to figures presented by finaria.it, Europe's consumer electronics market revenue is expected to reach $213.8bn in 2020 - a drop of $14.2bn in the wake of the pandemic. European PC and smartphone sales to witness greatest revenue drop in 2020 In recent years, the European consumer electronics segment has seen steady growth, with revenue increasing...

Newsletter

Join our mailing list for exciting updates and statistics on popular components

Loading..