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US consumer technology industry to grow 3.2% in 2017

Friday 21 July 2017 | 08:12 CET | News
The US consumer technology industry is forecast to grow 3.2 percent revenue in 2017 to USD 321 billion in retail revenues (USD 251 billion wholesale) as consumer enthusiasm for both emerging technology and resilient mature categories is exceeding expectations, according to new research from the Consumer Technology Association (CTA). The latest edition of CTA's semi-annual industry report, U.S. Consumer Technology Sales and Forecasts, also projects drones, OLED TV and virtual reality (VR) technology will each cross the USD 1 billion revenue milestone for the first time in 2017.

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Categories: General
Countries: United States
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