Consumer electronics revenue rebounds in 2010
1 min read
Global consumer electronics equipment manufacturing revenue in 2010 is recovering from the downturn of 2009, with a sustained rise forecast during the next four years, according to market research firm iSuppli.
With consumer demand acting as the primary engine in propelling growth, iSuppli projects that overall OEM revenue for consumer electronics in 2010 will reach $340.4billion, up 6.2% from $320.7bn last year. This increase would reverse the 4.4% decline in 2009.
The market is forecast to continue to climb steadily during the next four years, adding revenue ranging from $3bn to $18bn yearly, ending up at more than $385bn in 2014.
"As shown in the early results from Black Friday, consumer confidence levels in 2010 are higher in all regions of the world than they were in 2009, and buyers are more inclined to acquire new devices or upgrade old electronics equipment," said Jordan Selburn, principal analyst for consumer platforms at iSuppli.
According to iSuppli, nearly every segment of the consumer electronics market is up from a year ago, but the strongest performers in the consumer electronics space are lcd tvs and Blu-ray players.
