Some of the newest laptops that will support Microsoft Copilot+ PC on display at an event on May 20, 2024. Photo credit: Ken Yeung/VentureBeat
Some of the newest laptops that will support Microsoft Copilot+ PC on display at an event on May 20, 2024. Photo credit: Ken Yeung/VentureBeat
Categories

U.S. consumer tech spending will grow slightly in 2024 and hit 4.4% growth in 2025 | CTA

  • Posted byby Dean Takahashi
  • Updated
  • 4 min

The Consumer Technology Association (CTA) projects that despite a third straight year of declines in U.S.
hardware revenues, overall retail revenues for the U.S. consumer technology industry will finally grow 1% in 2024 to $505 billion, followed by 4.4% growth in 2025 to $527 billion.

That growth follows the shrinking of the U.S. consumer tech market in 2023 and 2022 as a result of high inflation, slow economic growth and supply chain effects due to the pandemic, according to the CTA, which stages the CES tech trade show every year in Las Vegas.

Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks. 

Join now →

Sign in to your account.

Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.