Electronics market in Mexico
The Mexican Electronics eCommerce market is predicted to reach US$9,238.4 million by 2024 and accounts for 23.4% of the total eCommerce market in Mexico. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 16.7%, resulting in a projected market volume of US$17,124.4 million by 2028. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.
Market development
eCommerce revenue development in the Other Telecommunications market in Mexico
The Mexican Other Telecommunications eCommerce market is predicted to reach US$274.1 million by 2024 and accounts for 14.4% of the Telecommunications eCommerce market in Mexico. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 19.5%, resulting in a projected market volume of US$559.6 million by 2028. The Other Telecommunications eCommerce market is a sub-market of the Telecommunications market. Further categories within the Telecommunications market are: Smartphones, and Smartwatches.
eCommerce revenue development in the Other Telecommunications market in Mexico
eCommerce revenue growth in the Other Telecommunications market in Mexico
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 54.0 | 34.8 | 7.6 | 4.2 | 63.9 | 17.8 | 89.7 | 56.0 |
Market definition
Definition of the Other Telecommunications market within the Electronics market
Market definition: Electronics > Consumer Electronics > Telecommunications > Other Telecommunications The category Other Telecommunications includes the online trade of phones (e.g. landline phones, cordless phones, fritz phones), cell phones without internet, answering machines and voice recorders, and more. This category does not cover smartphone devices (e.g. iphone, samsung galaxy, xiaomi redmi) and smartwatches (e.g. apple watch, samsung galaxy watch, huawei watch). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Phones (e.g. landline phones, cordless phones, fritz phones)
- Cell phones without internet
- Answering machines and voice recorders
- Satellite phones
Out-of-scope
- Smartphone Devices (e.g. iPhone, Samsung Galaxy, Xiaomi Redmi)
- Smartwatches (e.g. Apple Watch, Samsung Galaxy Watch, Huawei Watch)
Market comparison
The Mexican Other Telecommunications market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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