The U.S. consumer electronics industry should see 7% revenue growth over last year's holiday season, to US$48.1 billion in fourth-quarter sales, according to research from the Consumer Electronics Association (CEA).
The 14th Annual CE Holiday Purchase Patterns study said that $22.1 billion will be spent on CE gifts this holiday season, representing 46% of total fourth-quarter revenue for consumer electronics. Total fourth-quarter sales will reach $48.1 billion — a 7% increase from 2006.
The survey tracked specific consumer electronics consumers hope to receive. The top five CE gifts adults wish for are: MP3 players, notebook/laptops, video game systems, digital cameras, and any type of TV. For teens, MP3 players, digital cameras notebook/laptops, computers, and any type of TV round out the top five items on their wish list.
CEA said leading the "planned gift" list this year — a list of the CE products respondents intend to purchase for someone else — are video game systems, additional memory for cameras, MP3 players, DVD players, and digital cameras.