U.S. Tech Industry Revenue to Hit a Record-Breaking $487 Billion in 2021, Says CTA
Retail sales revenue for the tech industry in the U.S. will reach a record-breaking $487 billion in 2021 – a 7.5% jump year-over-year – powered by unprecedented consumer demand for tech related to work, school and lifestyle, according to a new report by the Consumer Technology Association (CTA)®.
“The pandemic strengthened consumers’ relationship with technology forever,” said Gary Shapiro, president and CEO, CTA. “From working to learning, staying connected with loved ones and taking care of our health, tech played a crucial role in improving our lives. Tech has proved time and again that innovation makes our country resilient in the face of crises. Even though the U.S. still deals with supply chain shortages, labor gaps, vaccination rollouts and looming inflation, tech will help us keep pushing forward.”
CTA’s twice-yearly U.S. Consumer Technology One-Year Industry Forecast reflects U.S. manufacturer shipments for more than 100 consumer tech products and related software and services. The report identifies major trends shaping the future of consumer technology as the economy navigates its path toward the post-pandemic world.
Posted in ATSC News
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