The continued hybrid working structures and digital transformation have led to increased demand for electronics products from individuals to industries worldwide. However, the persisting chip shortage, other production challenges, and aggressive policy tightening have made many electronics stocks suffer lately.
Consistent efforts to ease chip shortage by ramping production and the growing demand for electronics integrated with AI/ML, IoT, and other emerging technologies should drive the industry’s growth. The global consumer electronics market is expected to grow at a 4.8% CAGR to reach $964.60 billion by 2028.
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