Component Sense Blog

Tag: electronics

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...

Hearables Market to Reach $146 Billion by 2030

Hearables Market to Reach $146 Billion by 2030
While the Covid-19 pandemic caused delays to the production and shipments of hearables technology in early 2020, consumer demand has remained strong. This has largely been driven by increased digital media consumption, the widespread shift to home-working, and the popularity of virtual fitness coaching. As manufacturers continue to enhance hearables over the next 3 years, with more artificial intelligence (AI) and audio and sensor technologies, the market is projected to grow at a compound annual growth rate of 17% from $26bn in 2019 to $146bn by 2030, according to industry analysts, GlobalData. According to a new report from GlobalData, while...

Newsletter

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

Loading..