The Personal Consumer Electronics Market is poised for significant growth, driven by technological advancements and a growing online presence. With an estimated USD 96.2 billion increase by 2028, the market will grow at a CAGR of 5.01% from 2023 to 2028. Consumer demand is being fueled by frequent product launches, including next-gen smartphones and other connected devices. Moreover, the boom in e-commerce has made these products more accessible, leading to increased consumer engagement. However, the market must contend with challenges like fluctuating raw material costs, which could impact profit margins. Players in the market must prioritize innovation and cost-efficient operations to ensure continued growth.

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