You will agree that electronic gadgets make the world go round. Like, it doesn’t matter what aspect of your life you wish to augment, this $788.64 billion industry (as of 2024. With a compound annual growth rate of 6.2%) has got you covered. The electronics gadget market is saturated with familiar names, but few others dominate it.
While some of the products may be considered popular because of their quality, others may probably be as a result of their brand reputation. But whatever angle you wish to view it from, the crux of every decision behind getting an electronic gadget should revolve around its general performance.
This piece will be geared towards understanding the most popular electronic gadgets in the market, and the best performing, with special emphasis on the statistical market performance data and other relevant information on how to handle these pieces of technology.
What are The Top 5 Consumer Electronics Companies?
1. Apple Inc.
We all know Apple for their superior products, which they have constantly replicated in their laptops, electronic wristwatches, televisions, etc. This standard has been welcomed with a reciprocating gesture from the customers, which is quite visible in its market turnover. Available statistical data shows that the company accounts for a market capitalization of $3.295 trillion, and has also increased by 2.92% as of 2025. This antecedent has secured it number one on our list. The company sells around 427 million units of iPads, Mac computers, iPhones, and more annually, grossing $383 billion in total sales.
2. Microsoft Corporation
Microsoft is the second on our list. The company, popularly known for its Windows computer software application has fully ventured into the electronic gadget market, and it’s not doing badly either. The company, through its acquisition business strategy now owns top electronic gadget companies like Xbox video game consoles, surface laptops and electronic tablets, and Hololens: a visual reality headset designed for education and gaming purposes. There are many more. These products and brands show the company’s market capitalization gross to $2.999 trillion. Microsoft sells 18.3 million units of Xbox consoles and Surface tablets annually, amounting to $211 billion in total sales.
3. Samsung Electronics Co Ltd
Samsung, a Seoul-based South Korean electronics company makes it into the list with a market capitalization of $267.95 billion. The company is known for its exceptional quality in smartphones, televisions, computer sets, and home appliances. Data shows the company sells 394 million of these items (cumulatively) annually, raking in $194 billion in annual sales – surpassing Dell and Sony who record $102 billion and $85 billion respectively in sales yearly.
4. Intel Corporation
This is not your regular electronic gadget company, but this California-based electronic company has a market capitalization of $249.63 billion. The company has graduated from being a traditional processor manufacturing company to becoming a pioneer of the Internet of Things (IoT) and edge computing technology. They have also extended their production line into software and Services, memory and storage, networking and communications, and chipsets and motherboards.
5. Cisco Systems Inc.
On the fifth spot is Cisco Systems, a company worth $179.53 billion, which has extended its services from Networking Software to collaboration tools for video conferencing tool. Other products include Cloud Computing Solutions, Software-Defined Networking (SDN) Solutions, webcams, Routing and Switching, and Internet of Things (IoT) Solutions, which brought about analytics software for industrial automation, and IoT gateways.
What is The Most Popular Electronic Gadget?
There are hundreds of electronic gadgets out there, with more in production every day. But there are ones that have taken the hearts of consumers; dominating every household globally. Statistically, these gadgets are listed (in other of priority) as follows:
- Smart Speakers
- Wireless Earbuds
- Power Banks
- Smartwatches
- Gaming Controllers
A report from Statista has it that gadgets like Google Home, Amazon Echo, and Apple HomePod are so popular, that it has recorded over 100 million units in sales globally. A report on wireless earbuds by Counterpoint Research: Global Wireless Earbuds Market in 2022 revealed that the cumulative unit sales for wireless earbuds market increased to over around 300 million as new products with better features like the ANC (Active Noise Cancellation) entered the market.
Also, in another report, the wireless earbuds like Sony WF-1000XM4, Apple AirPods, and Samsung Galaxy Buds are the most sorted after, with an annual sales of over 50 million units.In yet another report by Grand View Research: Power Bank Market Size, investigating the market share and trends analysis, portable power banks are now almost a must-have for many mobile phone users, with over 30 million units sold annually worldwide. This is considered most prevalent in third-world countries which are mostly known for their epileptic power supply.
For smartwatches, which seem to be the latest best-selling item in the electronic gadget company’s product line, popular brands like Samsung Galaxy Watch, Fitbit, and Apple Watch, make the top spot. According to a survey by IDC: Worldwide Quarterly Wearable Device Tracker 2022, they are considered the most popular among tech people and fitness enthusiasts hence collectively selling over 20 million units each year.
Surprisingly, gaming controllers made the list (and not the console itself). Nintendo Financials, in its Nintendo Switch Sales Figures 2022, has it that PlayStation, Xbox, and Nintendo Switch, cumulatively sells a little over 10 million units annually.
How to Dispose Outdated Electronic Gadgets
Electronic gadgets are not your regular organic waste, there are environmental consequences when disposed of inappropriately. Research has proved that indiscriminate disposable of waste electronic gadgets contributes to toxic exposure hence, chemical waste.
Also called e-waste, is a major cause of respiratory diseases and cancer. In other cases, may lead to explosion and other outcomes that may lead to physical harm. So, how then do we dispose of our outdated electronic gadgets?
- Don’t Landfill
This is when the disposed electrical gadget is buried below the earth’s surface. This is more reason relevant authorities always warn against disposing of these things like regular trash, is because they will eventually end up back in the environment.
- Don’t Incinerate
By incineration, we mean burning. This waste gadget ends up releasing harmful chemicals into the atmosphere when it comes in contact with heat.
- Refurbish
It is advised that you refurbish your electronic gadgets, and repair them as a way of extending their lifespan. You can also gift it away if you think it’s no longer desirable.
Conclusion
As newer innovation continues to dominate the electronics industry, and manufacturers coming up with better gadgets to make life easier, it is advised that as consumers we must consider our environment before acquiring these things.
Lastly, where you purchase these things also matters since quality defines performance. This is more reason every avid buyer of electronics gadgets must consider GoBuyGoSell platform: an online P2P marketplace where buyers meet sellers for quality, scam-free online transaction.