Consumer Electronics: A Global Outlook
San Jose, CA (PRWEB) September 3, 2008
Increasing levels of disposable income in developing countries and consumer acceptance of innovative technology developments is helping expand the market for electronic products, especially digital consumer electronic goods. Simplicity also ranks as a major product variable, and manufacturers will continue to launch small, convergent, aesthetically pleasing consumer electronics such as all-in-one music systems and home-theater-in-a-box (HTiB) systems. Digital technology is predominantly the key factor driving the growth in the consumer electronics market. Spiraling growth in consumer electronics markets is a clear result of the introduction of wide range of lifestyle electronics products, such as home audio equipment, home theatre systems, MP3 Players, camcorders, digital cameras, digital radios, flat panel televisions, and in-car audio aftermarket equipment.
The trend towards faster internet connectivity, internet-exclusive entertainment, high-speed data streaming, and deployment of highly sophisticated equipment for storing music is expected to lead to a spurt in innovations in portable home audio equipments market. Gains in the audio equipment market in the upcoming years will stem from widespread popularity of new generation audio technologies such as MP3 players. Growth in MP3 player market is mainly attributable towards price reductions, decreasing cost of flash memory and encouraging publicity iTunes and iPod devices. Rising number of online content distribution sources, readily accessible inexpensive content, and broadband Internet connections that conveniently download larger files also contribute to the growing popularity.
Consumer interest focused, particularly, on DVD recorders, with trivial interest in DVD players. DVD recorders market has been enjoying sturdy growth, as the DVD recorder has become the standard video recording device for the home. Especially, combination products such as DVD+VCR, TV+DVD, and DVD+HTiB has captured large slice of the market. The DVD player market has also seen prices spiral downwards, a trend which has accelerated the market penetration of new and advanced technology and products.
Major trend in the consumer electronics industry is the unification of consumer electronic products with personal computers. Advent of advanced computer technologies and their integration with audio products spurred the market for these products. As PC makers take a plunge into the consumer electronic products market, the consumer electronic products companies producing household electronics are expected to venture into making IT products. As a result, these companies are expected to come up with new types of products, which will not only execute their primary functions but also perform in other areas.
The report titled "Consumer Electronics: A Global Outlook" provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report provides a quick primer on the white goods industry, and latest trends that influence the market, discusses revolutionary shift from analog to digital, and the landmark convergence of consumer electronics, and personal computers. The reader also stands to gain an introductory insight into major regional markets. Discussion on the global market is punctuated with 76 quantitative market data tables, which enumerate key research findings, and capture sales/demand trends in key geographic regions. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 1,025 companies worldwide.
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