India to witness phenomenal growth in consumer electronics market

INDIA: According to “Global Consumer Electronics Market Forecast to 2013", a new research report from RNCOS, the global consumer electronics market will grow at a CAGR of over 5 percent during the forecast period to reach $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 percent. As per our findings in the report, Indian CE market, valued at $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.