NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/06/10 - RNCOS has recently added a new Market Research Report titled, “Global Consumer Electronics Market Forecast to 2013” to its report gallery. The report provides extensive information of the global consumer electronics industry.
The global consumer electronics industry is set to witness phenomenal growth in the near future after the moderation of tough economic conditions. The prospective growth in the consumer electronics industry could be attributed to the revolutionary technological developments. The digital technology revolution has enabled the industry to make profit from the growing interaction of digital applications, such as camcorders, DVD player/recorder, digital camera, etc. With these technological advancement, the global consumer electronics industry generated revenue of around US$ 694 Billion in 2008.
Our new research report “Global Consumer Electronics Market Forecast to 2013” has predicted that the global consumer electronics industry will grow at a CAGR of around 5% during 2010–2013. During this time period, we expect that 3D TV will experience the highest CAGR of around 118% because manufacturers begin to implement 3D as a standard feature in their HD flat-panel product lines.
We have also found that the American region (mainly the US) is driving the global consumer electronics industry, closely followed by the EU. However, the growth pattern will change in future, with the emergence of Asia Pacific as the major contributor for the industry due to increase in demand for low-priced devices in the developed countries. For instance - India is expected to grow at a CAGR of around 19% during 2010-2013.
We also expect the continuous development of digital technologies will add new features and improve quality of electronic devices. Moreover, the connectivity and mobility also play a vital role in accelerating the industry growth rate as younger generation is fascinated by such features. These factors indicate that the consumer electronics industry has bright future ahead, particularly in countries like China and India where the economy is moving at a fast pace.
“Global Consumer Electronics Market Forecast to 2013” provides extensive information and rational analysis of the global consumer electronics industry and its emerging trends. It gives an insight into the regional trends together with discussion on the product segmentation. We have thoroughly analyzed market size, growth opportunities, regional segmentation and trends in technology to give comprehensive overview of the market. We have also included the key players segment to give brief idea of the competitive landscape and business strategies of players.
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.