Global consumer electronics market growth will be better than previously expected

According to the July mid-year industrial forecast data from the Consumer Electronics Association (CEA), the global consumer electronics market will grow better than expected in 2011.

Today, the CEA (Consumer Electronics Association) expects to exceed the total revenue of the consumer electronics market in 2011 by more than $190 billion, a growth rate of 5.6%, an increase of 2.1 percentage points from the 3.5% growth rate given in January.

The related plan in the report data of July 2011 shows that the consumer electronics industry market shipments will set a record high in 2012: US$197 billion.

CEA (Consumer Electronics Association) plans include: Tablet PC growth of 157%, smart phone sales will grow significantly in 2011, an increase of 45%, and will continue to lead the consumer electronics market revenue, e-book equipment sales will be Doubled in 2011.

"A year ago, tablets were still a new, uncertain market, but now they are leading the growth of the consumer electronics market together with smart phones, e-books and other mobile devices." CEA (Consumer Electronics Association) Industry Analysis Department Director Steve Kony said, “When other consumer electronics markets are too mature and sales are declining, those innovative products increase revenue, which is undeniable.”

The saturation of the digital TV market has reached 88%, which means that digital display shipments will decline in 2011, but the sales plan for displays that can be used for the Internet is growing positively, and the growth rate of TVs for 3D in 2011 has also been Corrected positive growth. The speaker bar is undoubtedly ahead of the growing share and is expected to increase by 250% year-on-year in 2011. The digital camera market is expected to grow by 3% this year.