Forecast: Consumer Electronics Market Size Value in the UK

The consumer electronics market in the UK saw a peak in 2015, followed by a decline in 2016 and recent fluctuations. The market stood at 7.9702 billion euros in 2023. Year-on-year variations indicate moderate growth in 2023 with a 0.29% increase. Over the past five years, the market experienced a slight decline with a CAGR of -0.027%. Forecasts predict a very modest rise at a 5-year CAGR of 0.23%, achieving a growth rate of 1.15% by 2028.

Future trends to watch for include:

- Increased adoption of smart home devices

- Surge in demand for portable electronics

- Technological advancements in wearable tech