The consumer electronics industry is projected to post a 6.1% increase in revenues in 2008, according to the semi-annual industry forecast by the Consumer Electronics Association (CEA).
Overall shipment revenues are forecast to top US$171 billion in 2008, yielding a growth rate of 6.1%. CEA also released its estimate of final shipment revenues for 2007, which totaled $161 billion, up 8.2% over 2006. The overall projection for the rate of 2008 growth, although slightly lower than 2007 growth, is closer to the long-term historical average for the industry and is still above expected 2008 growth levels for many other industry sectors, including housing and new vehicles.
TV displays continue to be the largest contributor to the CE industry bottom line, representing roughly 16% of overall CE shipment dollars. Shipments of displays are expected to grow 13% to more than $29 billion. Sales of next generation DVD players will take off in 2008, as prices decline and consumers continue to seek out high quality home theater products. CEA forecasts unit shipments will grow 173% to 2.8 million.