The Personal Consumer Electronics Market is forecasted to grow by USD 96.2 billion between 2023 and 2028, at a steady CAGR of 5.01%, according to Technavio. The growth is largely driven by the surge in e-commerce and the continual introduction of innovative products by leading brands. These advancements have increased product availability, making it easier for consumers to access the latest devices. Despite this positive trajectory, the market faces several hurdles, such as fluctuating raw material prices and higher operational costs, which could squeeze profit margins. To stay competitive, companies must focus on strategic planning and cost-effective solutions.

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