The global consumer electronics industry is set to witness a phenomenal growth in the near future, with the rising technological innovations. The digital technology revolution has enabled the industry to earn profit from the growing interaction of digital applications, like camcorders, DVD player/recorder, etc. The biggest bright part for the consumer electronics industry during 2010 was the good performance of the LCD-TV segment. With these technological advancements, the global consumer electronics industry generated revenue of US$ 873 Billion, an increase of around 13% over previous year.
According to our new research report “Global Consumer Electronics Market Forecast to 2013”, the global consumer electronics industry will grow at a CAGR of around 7% during 2012–2015. During this period, the 3D TV is expected to experience the highest growth as manufacturers will start adding 3D as a standard feature to their high-definition (HD) flat-panel product lines.
We have also found that presently, the US is dominating the global consumer electronics industry, closely followed by the China. As per our research, two-thirds of the US households owned a HDTV in 2010, and LCD TV was leading the digital display market. Moreover, India and China, having low penetration of digital TV, are expected to cross 50% penetration rate by 2015. Besides, the number of digital TV penetration is expected to grow rapidly, with Asia Pacific and Europe capturing the maximum number of DTV homes. It is also expected that the HDTV will witness a significant growth during the coming years, with North America leading the global HDTV homes, at present.
Our report “Global Consumer Electronics Market Forecast to 2013” provides an extensive information and rational analysis of the global consumer electronics industry and its emerging trends. It provides an insight into the regional trends together with the discussion on the product segmentation. We have thoroughly analyzed the market size, growth opportunities, regional segmentation, and trends in technology to present a comprehensive overview of the market. We have also included the key players’ segment to provide a brief idea of the competitive landscape.