The worldwide market for consumer electronics products continues to be strong and will continue to expand through 2011, reports In-Stat. Shipments of personal computers and peripherals, traditional consumer electronics products, and communications products will grow from 2.7 billion units in 2007 to 3.1 billion units in 2011, the market research firm says.
"Traditional consumer electronics devices continue to be led by the conversion from analog to digital television (DTV)," says Brian O'Rourke, In-Stat analyst. "PCs will maintain their strong growth pattern with a compound annual growth rate of 9.7% through 2011, with growth being driven by increased sales in Africa, the Middle East, South America, and Asia/Pacific regions."
The report also found that India and China are driving the mobile phone handset segment, as low-cost handsets have been developed to meet the market requirements in less developed countries, that Asia/Pacific and Rest of World (including Africa, the Middle East, and South America) regions will lead in overall annual growth rates, and that PCs shipments will be driven by a continued transition from desktop to mobile units.