Electronic equipment sales slow
1 min read
Demand for electronic equipment is set to slow this year, says iSuppli, following three years of strong growth. However, the market information specialist still believes the market will grow by 6%, although sales of consumer and industrial equipment cool somewhat.
According to iSuppli, the past three years have seen an ‘exceptionally strong’ electronic equipment market. Worldwide revenues grew by 11% in 2004, 8% in 2005 and 7.7% in 2006.
“All major markets generated positive growth in 2005 and 2006 and all these areas will continue to expand in 2007, although the total electronics equipment growth in 2007 will drop to 6% as the wireless, consumer and industrial markets cool – even as the pc market revives,” said iSuppli’s principal analyst Gary Grandbois, pictured.
Highlights include much stronger growth from the pc sector than typically seen at this time of the year and continuing strong unit growth in the mobile ’phone sector.
Although demand from the industrial market rebounded to 8% revenue growth in 2006, growth is said to have flattened this year and the sector is expected to show revenue growth of 5.8%.
