Electronics market in Cyprus
The Cypriot Electronics eCommerce market is predicted to reach US$209.7 million by 2024 and accounts for 21.4% of the total eCommerce market in Cyprus. 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 8.3%, resulting in a projected market volume of US$288.7 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 Televisions market in Cyprus
The Cypriot Televisions eCommerce market is predicted to reach US$16.8 million by 2024 and accounts for 95.3% of the TV & Video eCommerce market in Cyprus. 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 3.8%, resulting in a projected market volume of US$19.5 million by 2028. The Televisions eCommerce market is a sub-market of the TV & Video market. Further categories within the TV & Video market are: Media Boxes & Sticks, and Other TV & Video.
eCommerce revenue development in the Televisions market in Cyprus
eCommerce revenue growth in the Televisions market in Cyprus
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 6.2 | 83.6 | 37.4 | 16.4 | 32.7 | 77.7 | 28.9 | 36.5 |
Market definition
Definition of the Televisions market within the Electronics market
Market definition: Electronics > Consumer Electronics > TV & Video > Televisions The category Televisions includes the online trade of TVs (e.g. lcd, led, oled, qled, plasma, smart TVs). This category does not cover projectors and screens, tv accessories (e.g. wall mounts, tv stands, remote controls) or game consoles. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- TVs (e.g. LCD, LED, OLED, QLED, Plasma, Smart TVs)
Out-of-scope
- Projectors and screens
- TV accessories (e.g. wall mounts, TV stands, remote controls)
- Game consoles
Market comparison
The Cypriot Televisions market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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