CE channel closes in on three billion unit figure

Digital TVs, DVD recorders and cellular phones key to market growth.

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By  Administrator Published  April 1, 2007

Market research firm In-Stat has predicted that worldwide sales of consumer electronics (CE) products will hit a staggering three billion units by 2010.

Its bold projection comes after latest data revealed the size of the market reached 2.1 billion units last year. In-Stat reckons that a flurry of attractive new products, such as DVD players and mobile phones with added capabilities and features, will ensure the global consumer electronics market carries on expanding at a double-digit pace in 2007. The research provider claims that the consumer electronics market continues to act independently of the disposable income fluctuations of consumers across the world. With consumer electronics shipments increasing regardless of the peaks and troughs experienced by any of the world's economies, In-Stat doesn't see any indication of consumer purchasing trends slowing down in the immediate future.

"The combination of new, popular devices and consistently lower prices leads to increased consumer purchases," commented Brian O'Rourke, analyst at In-Stat. "Currently driving the market are devices such as digital televisions, DVD recorders, cellular phones and portable digital MP3 audio players," he added.

According to the US-based research provider, blue laser players and recorders, in particular, are set to have a ‘significant' impact on the consumer electronics sector.

Research from the company also suggests that the market for portable digital audio players is estimated to grow 42% on an annual basis.

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