Market Insights Q3 2024 V2 - Flipbook - Page 4
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General Market Insight
Semiconductor Industry Market Outlook
Source: S&P Global Market Intelligence Q3 2024
Trends in the Consumer Electronics Market
The consumer electronics market is seeing a temporary rise in smartphone shipments, expected to increase by 10.4%
in 2024, driven by pent-up demand and new AI-focused products. However, longer replacement cycles and market
saturation may hinder long-term growth. PC shipments are set for a new upgrade cycle, aided by AI-enabled models.
Other connected devices, such as streaming media players and video game consoles, continue to decline, with
streaming device shipments down 6.5% and game consoles dropping 32.3% year-over-year in early 2024.
Source: S&P Global Market Intelligence Q3 2024
REBOUND ELECTRONICS
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