U.S. Consumer Electronics Revenue Will Surpass $155 Billion In 2007

Factory sales of consumer electronics in U.S. are projected to grow 7% to over $155 billion in 2007, according to the semi-annual industry forecast released by the Consumer Electronics Association (CEA) on the eve of the 2007 International CES, the world's largest consumer technology tradeshow.

Consumer electronics (CE) revenues reached $145 billion in 2006, at an impressive 13% growth compared to an estimated 8% rise. With the 2007 forecast, CEA sees the consumer love affair with technology continuing at a healthy clip, reports Semiconductor Online.

CEA said the display category will continue to fuel industry growth and account for $26 billion in revenues for 2007. The TV market is setting all-time revenue records as CRT-based sets are giving way to flat panel displays and the ongoing transition to digital television is driving demand in this market space. For 2007, the flat panel displays are expected to ship a combined 19 million units.

Other Highlights:

  • Next-generation consoles will make the video game market one to watch in 2007 with 23% jump in sales to $16 billion. 
  • MP3 players continue to drive the audio market. CEA projects that MP3 players will account for 90% of the $6 billion in revenues for the portable entertainment market. 34 million MP3 players shipped in 2006 and an additional 41 million are expected to ship in 2007.
  • In the mobile electronics market, portable navigation and GPS devices will continue to propel the market with three million units projected to be shipped, generating $1 billion in revenues.
  • In 2006, shipment volumes of laptops eclipsed their desktop counterparts. 
  • CE accessory sales will grow in 2007 to $11 billion, in large part due to an overall consumer emphasis on portability. 
  • Total digital imaging shipments are expected to exceed 32 million units, with revenues projected to reach $8 billion, making 2006 and 2007 the best revenue years for this category.

"U.S. Consumer Electronics Sales and Forecasts 2002-2007" (January 2007) is published twice per year, in January and July by the Consumer Electronics Association (CEA)

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