One report puts the global consumer electronics market at around $1.1 trillion in 2017, growing at a rate of 6% until 2024, when it will be worth $1.7 trillion.41 Rising smartphone adoption rates are fuelling global demand. There is also a major trend towards flat panel TV screens in developed markets and adoption of 3G and 4G in developing economies; electric vehicles are also on the rise. More clothes, furniture, toys, sports equipment and toothbrushes have complex electronic components.