Consumer market seen reaching $199.5 billion by 2030

The Business Research Company says the consumer market will grow from $145.81 billion in 2026 to $199.52 billion by 2030, driven by smartphone adoption, AI-enabled edge devices and IoT-linked consumer products. Asia-Pacific held the largest share in 2025 and is expected to be the fastest-growing region through the forecast period.

Why it matters: - The consumer market is expanding as more devices connect to the internet, run on advanced chips and fit into smart-home and wearable ecosystems. - The forecast points to continued demand for consumer electronics, semiconductors and connected devices through 2030.

What happened: - The Business Research Company published its Consumer Global Market Report 2026, covering the consumer market outlook for 2026-2035. - The report estimates the market will rise from $135.11 billion in 2025 to $145.81 billion in 2026. - The report projects the market will reach $199.52 billion by 2030. - The report says the market will grow at a 7.9% CAGR in 2026 and an 8.2% CAGR through 2030. - The consumer segment covers integrated circuits used in smartphones, laptops, tablets, wearables and household appliances.

The details: - Growth in the historical period was driven by smartphone adoption, consumer electronics manufacturing, demand for personal computing devices, semiconductor fabrication investment and stronger internet penetration. - Forward growth is expected to come from AI-enabled edge computing devices, IoT-based smart-home ecosystems, wearable electronics, ultra-low-power semiconductor chips, and 5G and 6G consumer products. - The report highlights semiconductor miniaturization, process node scaling, heterogeneous integration, chiplet-based architectures and energy-efficient circuit design as key trends. - Supply-chain diversification, localized semiconductor manufacturing, higher demand for high-bandwidth memory and faster interconnects are also listed as market drivers. - Consumer semiconductors handle processing, control, memory storage, communication, power management and signal conversion. - The report says the components are fabricated on semiconductor substrates to balance performance, cost and integration. - Asia-Pacific held the largest market share in 2025 and is projected to be the fastest-growing region through the forecast period. - The report also covers South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. - The report offers market attractiveness scoring, total addressable market analysis, company scoring matrix graphics and tables, Excel dashboards, market hotspots infographics, key technologies and future trends, and updated graphics and tables.

Between the lines: - Smartphone adoption remains the clearest demand signal, with U.S. penetration reaching 82.2% in 2023 from 76.5% in 2022, according to Demand Sage. - The forecast suggests the next phase of growth will come less from basic device ownership and more from upgrading devices with smarter, faster and more power-efficient semiconductor content. - The focus on local manufacturing and supply-chain diversification reflects ongoing pressure to reduce production risk in consumer electronics.

What's next: - The report points to continued competition in AI-enabled devices, smart-home products, wearables and advanced consumer chips. - Companies will likely keep investing in smaller process nodes, chiplet designs and power-efficient circuits as consumer devices absorb more compute and connectivity features. - More regional manufacturing shifts may follow as brands seek resilience and closer supply chains.

The bottom line: - Consumer electronics demand is still growing, but the next leg of expansion is tied to smarter devices, stronger connectivity and more advanced semiconductors.