NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/06/29 - Consumer electronics industry in India, expected to grow at a CAGR of over 19% during 2010-2013, promises huge potential.
According to “Global Consumer Electronics Market Forecast to 2013", a new research report from RNCOS, global consumer electronics market will grow at a CAGR of over 5% during the forecast period to reach US$ 800 Billion by 2013. Asia Pacific region will constitute the major portion of the consumer electronics market by growing at a CAGR of around 10%. As per our findings in the report, Indian CE market, valued at US$ 5 Billion in 2009, caters to a population of more than one billion people and has significantly low penetration of CE products. It, thus, represents a lucrative market for the global giants. Increasing consumer awareness regarding electronic goods will fuel the growth in the CE industry.
Furthermore, the report analyzes the consumer electronics industry by segmenting it into various product groups. Video equipments, television market, high definition consumer electronics, audio products, telephone equipments, computer products and PNDs are the product segments which have been analyzed in our report. The report finds that the revolution brought about by the digital technology has enabled the consumer electronics sector to profit from the growing interaction of digital applications, such as camcorders, DVD player/recorder, still camera, computer monitor, LCD TV, Blu-Ray players, etc.
On the regional level, the CE markets of the US, Europe and Asia-Pacific have been analyzed in the report. We have chosen several countries for our study on the basis of current market trends and future growth potential. Key player analysis section of the report provides vital information on the strengths and weaknesses, along with the company profile, of the leading market players. Additionally, we have also identified the current trends prevailing in the CE industry worldwide.
The report “Global Consumer Electronics Market Forecast to 2013" provides extensive research and in-depth analysis of the consumer electronics market worldwide. The report will help clients to analyze the leading-edge opportunities, prospective customer base, expected future outlook and all the other aspects of the consumer electronics industry.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.