The Consumer Electronics Market in Europe grows steadily despite headwinds. The Europe Consumer Electronics Market was valued at USD 273,036 Million in 2024 and is forecast to reach USD 375,863 Million by 2030 (CAGR 5.6%).
Key drivers quantified:
- 5G subscriptions: 68% penetration by 2027 (GSMA)
- Average replacement cycle shortened to 26 months for premium smartphones
- EU Green Deal & Ecodesign Directive pushing energy-label upgrades
Major restraints:
- GDPR & ePrivacy rules delaying AI feature rollouts
- Component shortages (especially display drivers) lingering into 2026
- High VAT rates (up to 27% in Hungary) suppressing demand for premium devices
Net effect: sustainable, mid-single-digit growth with Eastern Europe offsetting slower Western markets.
