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Industry Landscape
The US Consumer Electronics and Home Appliances industry is robust, driven by innovation in smart technology and a growing demand for energy-efficient products. Despite global supply chain challenges, the market continues to expand, with a focus on affordability and feature integration. Online sales channels are gaining prominence, complementing traditional retail.
Total Assets Under Management (AUM)
Market Size in United States
~The US consumer electronics market size reached approximately 505 billion USD in 2023.
(CAGR of 5.8% (2024-2029) CAGR)
- Driven by technological advancements (AI, IoT).
- Increased consumer spending on smart home devices.
- Growth in demand for premium and energy-efficient appliances.
Total Addressable Market
505 billion USD