Electronics market in Iceland

The Icelandic Electronics eCommerce market is predicted to reach US$192.0 million by 2024 and accounts for 21.9% of the total eCommerce market in Iceland. 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 0.1%, resulting in a projected market volume of US$192.7 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 Media Boxes & Sticks market in Iceland

The Icelandic Media Boxes & Sticks eCommerce market is predicted to reach US$0.5 million by 2024 and accounts for 3.1% of the TV & Video eCommerce market in Iceland. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be -14.6%, resulting in a projected market volume of US$0.3 million by 2028. The Media Boxes & Sticks eCommerce market is a sub-market of the TV & Video market. Further categories within the TV & Video market are: Other TV & Video, and Televisions.

eCommerce revenue development in the Media Boxes & Sticks market in Iceland

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Media Boxes & Sticks market in Iceland

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)59.544.739.440.730.567.515.959.4

Online share

eCommerce online share of the total Media Boxes & Sticks market in Iceland

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Icelandic Media Boxes & Sticks retail market, the online share is 40.5% and will increase by an average of 3.5% to 46.5% by 2028.

eCommerce online share of the total Media Boxes & Sticks market in Iceland

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)58.1%72.6%92.2%83.0%83.1%41.0%63.2%29.3%

Market definition

Definition of the Media Boxes & Sticks market within the Electronics market

Market definition: Electronics > Consumer Electronics > TV & Video > Media Boxes & Sticks The category Media Boxes & Sticks includes the online trade of streaming media players (e.g. amazon fire tv, apple tv, and google chromecast, roku), digital media players and smart tv boxes. This category does not cover tv antennas and reception equipment and blu-ray and dvd players and recorders. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Streaming media players (e.g. Amazon Fire TV, Apple TV, and Google Chromecast, Roku)
  • Digital media players
  • Smart TV boxes

Out-of-scope

  • TV antennas and reception equipment
  • Blu-ray and DVD players and recorders

Market comparison

The Icelandic Media Boxes & Sticks market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis

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