Consumer electronics market to grow by 8.2% in 2010 to reach $406 billion

IMS research study estimates global Consumer Electronics (CE) market to reach $406 billion in 2010, a growth of 8.2% compared to 2009 global revenue of $375 billion (excluding home office equipment and low-end mobile phones). 2009 CE revenues have declined by 5% compared to 2008.
In 2010 IMS Research forecasts relatively strong growth in smartphones, portable media players, set-top boxes, LCD televisions and refrigeration appliances. Combined revenues for years 2010 to 2012 are forecast to pass $1.3 trillion.

Shane Walker, IMS Research's Consumer Electronics Group Manager, states, "In addition to typical CE devices such as TV sets, set-top boxes, digital cameras, smartphones and netbooks, we are expecting to see increased revenue for the CE industry in major home appliances and telehealth, not to mention the nascent connected tablet market. Contributions to the 2010 Yearbook from our Power & Energy and InMedica research groups show that refrigeration units and room air-conditioners will account for 60% of major home appliance revenue and 19% of overall CE revenue". Walker continues, "While telehealth remains an emerging category for CE, consumer-led telehealth services could prove to be the disruptive influence required for professional care authorities to drive telehealth forward".

The other highlights from the study include:
After replacement rates for digital cameras fell by 5% in 2009, revenues are forecast to increase in 2011 and 2012 on growth in shipment volumes. Revenues will begin to decline slightly starting in 2013 as average prices continue to drop.
Portable navigation device sales are forecast to grow in India and South America as improvements in accurate up-to-date mapping increase.
Households displaying Internet video on the TV set via a game console, proprietary device, or a Blu-ray player comprised the vast majority of total Internet TV households in 2008 and 2009.
HD 1-Way set-top boxes experienced a temporary spike in shipments as a result of the US NTIA Set-top Box subsidy. After 2009, IMS Research expects HD 1-Way boxes to hold steady at 6-7% of total shipments.