U.S. Retail Sales of Consumer Technologies

U.S. Retail Sales of Consumer Technologies

Proof Point

CTA projects sales of consumer technologies to reach $351 billion in 2018 from $295 billion in 2013, a rise of 3.5% per year

U.S. Retail Sales of Consumer Technologies

2013 – 2018F (US$ billions)

Proof Point Findings

  • Consumer Technology – Include hardware, software, and streaming services used by consumers, such as smartphones, connected speakers, drones, virtual reality, smart televisions, consumer applications, and more
  • Continuous Sales Increase – Consumer Technology Association (CTA) forecasts sales of consumer technologies to reach $351 billion in 2018, a 3.5% per year growth from $295 billion in 2013
  • Key Growth Drivers – Include increased consumer demand, enhanced connectivity, growing competition, new technological advances, high investment in research and development, drop in costs of products, more advanced applications, and improving economy

Accelerator
Drones, Internet-of-Things, Mobile and Wearable Devices, PCs and Consoles, Transportation and Mobility, Virtual and Augmented Reality

Sector
Consumer Durables, Information Technology

Source

Date Last Updated
May 15, 2018

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