Noida, UP India (PressExposure) May 25, 2011 -- According to our latest research report "Global Consumer Electronics Market Forecast to 2013", adoption of HD content has been rampant during the last few years. Global manufacturers have adopted high definition as a standard and are now incorporating it in all consumer electronics. HDTV's entered mainstream market a few years ago and have been capturing a major chunk of the market since then. With increasing retail sales of HD recorders, up gradation of transmitting equipments and networks will drive shipment of high definition consumer electronics at a CAGR of around 19% during the forecast period 2011-2013.
Moreover, global shipments of HD consumer electronics are expected to be more than triple by 2013 from the 2008 levels as HD is becoming the ubiquitous video standard worldwide. We have also found that, High Definition set top boxes will capture the major chunk of the global HD consumer electronics market during the forecast period. As per the report, HD STBs' shipment has witnessed significant growth during the past few years with growth in digital televisions (DTV) and high-definition televisions shipments.
According to our research, the Asia-Pacific region will become a leader during the forecast period, accounting for nearly half of the global HD STBs demand. India and China will represent majority of this demand, however both the countries have registered slow uptake of multi-channel TV till date owing to price and technology limitations. As costs will reduce, both the countries will record phenomenal growth.
Our report "Global Consumer Electronics Market Forecast to 2013", studies the overall global consumer electronics market in terms of region, country, and segments. The US, Europe, and the Asia Pacific region have been covered under regional analysis, whereas Video Equipments, Television, High Definition consumer electronics, Audio Products, Telephone Equipments, Computer products, and Portable Navigation Devices markets have been studied under the segment section. The report presents prevailing trends and future outlook to better understand the global consumer electronics market.
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