Consumer Electronics (CE) represents one of the largest segments of the overall electronics industry in India. The Indian CE market is buzzing with activities. Abundant engineering skills, cheap labor, raw materials, and the growing middle class with higher disposable incomes have caught the attention of the foreign companies, which have set up their manufacturing facilities in India to serve both domestic and export markets. The country also has local manufacturing and is expanding the distribution network. Thus, the market is anticipated to grow at a CAGR of around 17% during 2012-2015 to reach over US$ 15 Billion by the end of 2015 as cited in our new research report, “Global Consumer Electronics Market Forecast to 2013”.
The global consumer electronics industry has been growing significantly over the past few years, owing to the innovative technical developments in the sector across the globe. The industry is entering into the age of convergence, wherein entirely different streams of digital-based audio, video, and information technology unite and merge, removing entry hurdles across various markets and the whole industry. The union of technologies has indeed resulted into a robust demand for consumer devices, ranging from portable, in-home (mobile phones, digital camera) to in-car (CD/DVD players) equipments.
According to our industry experts, in future, the HD-capable equipments are expected to drive the consumer electronics market. The HD consumer electronics are expected to grow around triply by 2015 from 2010 levels, with the technology becoming ubiquitous video standard globally. The 3D TV will witness the highest growth rate in near future.
Our report provides an extensive information and rational analysis of the global consumer electronics industry and its emerging trends. It provides an insight into the regional trends together with the discussion on the product segmentation. We have thoroughly analyzed the market size, growth opportunities, regional segmentation, and trends in technology to present a comprehensive overview of the market. We have also included a snapshot of key players’ to provide a brief idea of the competitive landscape.
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