The consumer electronics industry is a multibillion-dollar market, with the latest figures from data firm, Statista, predicting a worldwide spend of around $2.06tn by 2023 on consumer electronics devices. To offer an example, according to independent research firm, Strategy Analytics, almost half of the global population now owns a smartphone. This is without taking into account televisions, AR and VR technology, wearables, voice technology and other consumer products.