Noida, India (PressExposure) September 03, 2009 -- A series of attractive new products, alongwith the falling prices and increased capabilities, has helped make the consumer electronics market seemingly resistant to economic ups and downs around the world. Consumer electronics sales are on a constant rise, breaking records year-by-year, as the industry is consistently changing to provide products of consumersâ preference, says our new report âConsumer Electronics Market Forecast to 2012â.
According to our report, the increasing spread of home-networking is likely to bring in new impulses. Home-networking basically refers to connecting different devices, like MP3 players, computers, digital cameras, televisions, and wi-fi equipment, with each other and to the Internet. Moreover, better picture and sound quality will drastically increase consumerâs interest in high-definition-compatible equipment.
The report also highlights that both the US and European markets are forecasted to grow at a CAGR of over 5% during 2009-2012. The low growth rate is because of the saturation level reached in these regions. Moreover, high-definition (HD) consumer electronics are also grabbing the attention of the young population and in near future will drive the consumer electronics market in these regions.
Our team of experts has found out that in future, Asia-Pacific region is going to constitute the highest ratio of consumer electronics market due to the increase in demand from the developing countries like India and China. As a result, the consumer electronics market in the region will grow at a CAGR of around 10% during 2008-2012 to reach a value of US$ 102 Billion.
Besides this, the report also provides deep insight of the past and current information on the market segmented by products and components, like LCD, DVR, DVD, IPTV, smartphones, camera phones, high-definition consumer electronics, PC notebook etc. The forces that are fuelling the growth in various segments have also been discussed in detail.
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