Rising Digital TV Demand to Drive Global Consumer Electronics MarketThursday, June 30th, 2011
According to a new research report from RNCOS “Global Consumer Electronics Market Forecast to 2013“, the global consumer electronics industry is set to witness phenomenal growth in near future with rising demand for digital products. The digital technology revolution has enabled the industry to earn profit from the growing interaction of digital applications, such as, camcorders, DVD player/recorder, digital camera, etc. On the back of all these factors, the global consumer electronics industry is anticipated to grow at a CAGR of around 5% during 2010-2013.
As per our findings, Digital TV (DTV) market plays a significant role in the consumer electronics market worldwide. The total number of DTV homes worldwide has increased tremendously during the past few years due to its advantage over traditional analog TV. In future, it is expected that high demand will boost the number of worldwide DTV homes to 780 Million by 2013, growing at a CAGR of around 17% during 2010-2013. Moreover, it is expected that manufacturers will start implementing 3D as a standard feature in their HD flat-panel product lines.
Besides, our report provides an analysis of High Definition TV (HDTV), Internet Protocol TV (IPTV), Personal Video Recorder (PVR), and Digital Video Recorder (DVR). It has also analyzed other products of the market under television market, high definition consumer electronics, audio products, telephone equipments, computer products, and portable navigation devices. Besides, the report covers the consumer electronics market analysis across various key countries including the US, the UK, Germany, China, India, Japan, South Korea, and Taiwan.
Our report “Global Consumer Electronics Market Forecast to 2013“, provides 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 discussion on the product segmentation. We have thoroughly analyzed market size, growth opportunities, regional segmentation, and trends in technology to present comprehensive overview of the market. We have also included the key players segment to provide brief idea of the competitive landscape and business strategies of players. In this way, the report presents a complete and coherent analysis of the global consumer electronics industry, which will prove decisive for the clients.