Abstract
The consumer electronics industry has witnessed a phenomenal growth over the
past few years. This growth can be attributed to the increasing effect of
state of the art electronic devices on the market. The consumer electronics
industry is ushering in the dawn of Convergence. It is the confluence and
merging of hitherto separated markets of digital-based audio, video and
information technology, removing entry barriers across the market and industry
boundaries. This convergence of technologies has resulted in a greater demand
for consumer devices, be they portable, in-home (mobile phones, digital
camera) or in-car (CD/DVD players), offering multiple functions.
The revolution brought about by 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 etc. It has also witnessed the emergence of mobile
telecommunications technology, incorporating both digital visual and digital
MP3 capabilities. The computer industry has also benefited by being able to
make its way into consumer's living rooms. HDTV's with VGA connections and
SD/MMC card slots, personal media players, and Microsoft-based Media Center
PCs have pushed the two industries even closer together than before.
The overall revenue earned through the sale of audio, video and gaming
consoles constitutes the international consumer electronics market. The global
sale of consumer electronics is estimated to exceed all expectations to touch
an all time high of $135.4 billion in 2006, which indicates 8% increase from
2005. By the year 2008, sales are forecasted to soar up to $158.4 billion, up
BY 65% over 2000.
The Asia Pacific region is the market leader wielding the biggest chunk of the
market, closely followed by Europe. The European market share is expected to
take a drubbing due to the growing demand for consumer durables in the Asia
Pacific consumer electronic market. Japanese companies have captured the
consumer electronics market. World famous brands such as Sony, Panasonic and
Matsushita are all owned by these Japanese manufacturers. Korean companies
such as Samsung and LG are all trying to join the Japanese bandwagon. Samsung
can claim to be the world's fastest growing electronic company.
The market research report by RNCOS discusses condition of the consumer
electronics industry globally and the scope for companies in this sector based
on official statistics. We have tried to answer cardinal questions such as:
- - Which are the countries influencing the consumer electronic industry?
- - What is the worldwide magnitude of the consumer electronics industry,
along with regional segregation?
- - What and where are the growth prospects and issues related to the
industry?
- - What are the factors driving growth in this sector?
- - Who are the major global players, their presence and strategies being
used by them to improve profitability?
We have tried our best to answer these questions through the RNCOS industry
information service on consumer electronics. Our review of the consumer
electronics industry is a valuable tool that can be used for arriving at
correct business decisions and performance appraisal
Report Highlights:
- - Consumer electronics industry: overview, market size and growth.
- - Covers the global market including the U.S., European, and Asia-Pacific
nations.
- - The value and volume of the market size is discussed in detail.
- - Analysis of the industry's future and its prospects.
- - Covers the current trends and market scenario in Europe, U.S., Japan,
China, Asia-Pacific and other countries in detail.
- - Various technologies being used in the industry and its benefits.
- - In-depth product wise analysis of sales trends in the consumer
electronic goods market
- - Company analysis of top global companies and their growth strategies.
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