According to a recent report by Meticulous Research®, the global consumer electronics market is projected to reach $1,257.4 billion by 2031, growing at a steady CAGR of 3.9% from 2024 to 2031. Key drivers of this growth include supportive government initiatives aimed at promoting connected devices, the ongoing expansion of e-commerce, rising urbanization and disposable incomes, and rapid technological advancements in electronics.
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