The Strength of Consumer Tech Spending

Enthusiasm for Connected Devices Rises in the Face of Economic Difficulty

- Sarah Lee, Research Analyst, Parks Associates

Editor's Note: This is an excerpt from Parks Associates Consumer Electronics Dashboard: Q3 2023. The Consumer Electronics Dashboard visualizes the most important metrics informing the strategic decision-making of companies connected to the leading consumer electronics devices in the home.

The average number of connected devices per U.S. internet household in 2023 is 17, which is at the highest point ever. Consumer electronics products such as wireless earbuds, tablets, and smart TVs were once luxury items reserved for those with expendable income and an interest in emerging technology.