Global Consumer Electronics Market to Reach US$1.4 Trillion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the Consumer Electronics Industry. Growth in the global consumer electronics industry is forecast to be driven by ongoing trends, such as, digitalization, miniaturization, mobility, and portability. Additionally, growth opportunities are also expected to stem from the widening consumer base in Asia-Pacific, Latin America, and the Middle East markets.

Consumer Electronics: A Global Outlook

Follow us on LinkedIn – Digital technology is changing the face of consumer electronics, with the marketplace reaping huge benefits from the rising popularity of interactive digital applications. Products such as digital TVs, cameras, camcorders, smartphones and mobile computing devices have now infiltrated every home. The marketplace is not surprisingly characterized by cutthroat competition, short product life cycles and increasing product commoditization. Consumers across the globe are benefiting from the intense price competition in the industry, which is eating into the profit margins of manufacturers, while simultaneously making electronic products affordable across various geographies, particularly in fast growing economies such as China and India.

Powering most of the innovation witnessed in consumer electronics is the semiconductor industry, which has played a significant role in the evolution of several path-breaking technologies that have changed the face of world that we live in today, including mobile phones and computing devices that have revolutionized communications and information technology areas respectively. The role of semiconductors in this technology driven world is becoming highly evident, thanks to their extensive use in a wide range of applications right from traditional computers, televisions, audio players, and telephones to more advanced electronic gadgets such as mobile phones, smartphones, PDAs, DVD players, portable media players, video games, home-theater systems, microwaves, and printers, all of which use semiconductor devices. Development of smaller, faster, and cost efficient microchips will guide future innovations in the electronics space in the upcoming years.

Consumer automotive electronics will witness the maximum efficacy in terms of growth and product innovation, given that over 60% of a car's value resides in its electronics. In-car audio/visual systems like in-dash multimedia system with DVD video, in-dash video receivers, digital satellite radio, automotive DVD players, onboard video displays for rear seat entertainment, dedicated GPS/navigation and telematics systems, are poised to witness the highest growth.

In the home entertainment sector, handheld games, console games will witness the strongest gains in sync with the growing household penetration of video games in general. Home audio equipment represents a huge market after television in the worldwide consumer electronics industry. Currently in vogue are flattened speakers, a revolutionary design transformation from the traditional boxy models. Smaller, and compact speakers are also very much in vogue. Thoughtfully, and artistically designed speakers command a higher price in the marketplace given the changing image of speakers from just a sound reproducing device into an object of fine art. A noteworthy lifestyle induced phenomenon is the widespread popularity of using PCs for audio and video entertainment. The rise of plasma and flat-screen television sets in the consumer electronics market has created a need for speakers also to move in sync with the trend. Flat-panel loudspeakers have emerged to provide advanced sound complementariness and synergies with the advanced video display technology of TVs.

In the communications segment, handheld computing devices, comprising of Laptop/Notebook PC, Smartphones, PDAs and Tablet PCs, are rising in popularity chiefly as a result of workforce mobility. Globally, notebook personal computers are increasingly outpacing desktop PCs in terms of features, computing power and price. Laptops consume up to 90 percent less energy in comparison to desktops PCs. With rising energy cost and the shrinking price difference between a desktop and laptop, over the entire product lifecycle makes laptop a cost-effective solution than a desktop from a TCO (total cost of ownership) perspective. The industry is positive about the potential for mobile computing devices in both developed and developing nations, thanks to rise in popularity of online social networking sites (such as Facebook) and growing online video consumption. In future years, people will continue to access their favorite Internet sites ‘on-the-go’, due to adoption of a dynamic and mobile lifestyle. Also, advancements in mobile computing technologies will support the rising popularity of notebooks and netbook PCs as consumers opt to make their personal computers more mobile. This trend is likely to continue as notebooks feature more customized options, broader connectivity options, enhanced energy-efficiency, while technology innovation delivers a more vibrant multimedia experience.

The research report titled “Consumer Electronics: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include US, Canada, Europe (France, Germany, Italy and United Kingdom) Asia-Pacific (Japan, Australia, China, South Korea, and Taiwan), and Latin America. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Consumer_Electronics_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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