[November 16, 2012]

Research and Markets: The Global Consumer Electronics Industry Forecast To Reach an Estimated US $1,210 Billion In 2017

Research and Markets (http://www.researchandmarkets.com/research/74ls8h/global_consumer) has announced the addition of the "Global Consumer Electronics Industry 2012-2017: Trend, Profit and Forecast Analysis" report to their offering.

The consumer electronics industry is consolidated as the top 10 players contribute approximately 52% of total market size. The industry, which is capital intensive and price sensitive, is a highly dynamic and fast-changing industry. Costs of raw materials such as steel and copper have increased, which had a significant effect on the price of the finished gods. A combination of factors such as rising income and consumer spending affect the market dynamics significantly. The industry has essentially recovered from the recent recessionary condition globally and is in the growing phase.

Favorable demographics, rising consumer incomes, and evolving more interconnected lifestyles are anticipated to boost the global consumer electronics industry. The market is expected to reach an estimated US $1,210 billion in 2017 with a CAGR of 5.4% over next five years (2012- 2017).

Lucintel's research indicates that the industry witnessed high growth during 2010-2011 due to greater demand for electronics equipment, especially smart phones, continuous improvement in capabilities that reduced costs, and increased profit through bulk production. APAC presents appreciable growth potential in the consumer electronics industry during the forecast period due to a fast-growing middle class and the availability of trained labor in China, Japan, India, Malaysia, and Singapore.

This study provides an overview of the global consumer electronics industry and includes all consumer electronic devices except in-car entertainment systems. The report tracks market sizing for four geographic regions and four market segments of this industry; thus, it tracks 16 segments.

For more information visit http://www.researchandmarkets.com/research/74ls8h/global_consumer

[ Back To gadgets.tmcnet.com's Homepage ]