The consumer electronics segment became extremely popular in the selling product categories in the retail industry in recent years. Consumer electronics are electronic devices that are used every day for entertainment and communications.
Consumer electronics encompass various categories, including mobile devices, wearables, TV sets, laptops, and white goods.
The consumer electronics segment in the UK reached $10 billion in 2021, growing 15% over that in the previous year, following the growth in the retail product categories owing to a recovery in demand in the post-COVID-19 pandemic period. The growing demand for consumer electronics as a result of the pandemic led to an increase in demand for communications and entertainment devices such as mobile devices, TVs, and laptops. Sales in brick-and-mortar stores and online stores improved as businesses resumed operations after almost two years.
The consumer electronics segment in the country grew at a CAGR of 8% during 2017–21. Consumer electronics witnessed healthy growth as consumer spending on electronics continues to grow rapidly
The major brands that dominate the consumer electronics industry in Britain are Sony, Samsung, Duracell, Canon, and Nintendo.
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