With a CAGR of 10 %, global market value for computing electronics application sector is anticipated to be worth US$436.7 billion by 2018. On a global scale, Asia-Pacific accounts for more than 35% of the market share. While US accounts for the largest share of the global market value on a country basis, India and China surpasses the US in terms of growth rate anticipated in the near future. Among the application sectors, Computer Peripherals account for the largest share of the entire market, driving a CAGR of 9.1% during the analysis period 2011-2018. Super Computers see as the fastest growing application with a forecast CAGR of approximately 14.2% by 2018, Video Games are most demanding application on personal computers based on the recent advancements and innovation technologies in gaming industry.
Primarily supported by application sector :- Analog & Digital TV, Tablet, Digital cameras & Camcorder, Personal Computers and Video/Audio Equipment- the consumer electronics market to witness a value ofUS$1.6 trillion by 2018. Geographical analysis shows the highest Compounded Annual Growth Rate(CAGR) of 17.6% is foreseen from Asia-Pacific region during the analysis period 2011-2018. The Middle East is not way behind with a CAGR of 17%, followed by Africa at 16.9%. Japan forecasts to drive with a growth rate of 13.9%. Among the sectors, Analog & Digital TV accounts for nearly 32.3% of the overall Market share followed by Personal Computers at 25.5% holding the second position. Global market for Consumer Electronics especially in Tablet will record strong hold over the next 5 years driven by raising demand in fast – growth market in Asian and other emerging countries. Major companies are located in Japan, South Korea and Taiwan region and are dominating the consumer Electronics Industry Growth.
Increase in the incomes and spending power of individuals, the consumer electronic market has witnessed a boom in sales, in the past