The conversion from analog to digital radio is being witnessed around the world and is fast gaining momentum. The global digital radio shipments increased by over 40% in 2010 compared to the previous year. The main factors contributing to the growth include increase in the amount of compelling digital programming, falling receiver prices, enhanced functionality of digital radio receivers and significant boosts to promotion, and advertising of digital radio. Hence, all these factors will boost global shipment at a stupendous CAGR of around 32% during 2010-2015, says our new report, “Global Consumer Electronics Market Forecast to 2013”.
The global consumer electronics industry has been growing significantly over the past few years due to the innovative technical developments in the sector across the globe. The industry is entering into the age of convergence, wherein entirely different streams of digital-based audio, video and information technology unite and merge, removing entry hurdles across various markets and the whole industry. The union of technologies has indeed resulted into a robust demand for consumer devices, ranging from portable, in-home (mobile phones, digital camera) to in-car (CD/DVD players) equipments.
Our research identified that the demand for consumer electronics products, like camera phones, digital radio, and wireless devices will keep on growing in future due to rise in consumer awareness about the most recent products and benefits offered by the manufacturers. Rapid innovation and technological developments are inspiring the market growth worldwide by creating more opportunities for the players in the highly competitive environment of the consumer electronics market.
Our report, “Global Consumer Electronics Market Forecast to 2013”, provides an 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 the discussion on the product segmentation. We have thoroughly analyzed the market size, growth opportunities, regional segmentation, and trends in technology to present a comprehensive overview of the market. We have also included a segment on the key players to provide a brief idea of the competitive landscape so as to provide an insight of the industry to our clients.
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