Philippines Consumer Electronics Report - Business Monitor International - Industry Reports

Philippines Consumer Electronics Report

Philippines Consumer Electronics Report - Business Monitor International - Industry Reports
Philippines Consumer Electronics Report
Published Aug 27, 2016
62 pages — Published Aug 27, 2016
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Abstract:

BMI forecasts the Philippines consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and AV products, will grow by -.- in ---- to reach a total value of USD-.-bn. We revised down data for the handset market in the Q- update to reflect the extent of price erosion in ----, and downgraded the forecast for the PC and handset segments in ---- where form factor competition and price erosion are drags on market value even as volumes continue to increase. ...BMI forecasts the Philippines consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and AV products, will grow by -.- in ---- to reach a total value of USD-.-bn. We revised down data for the handset market in the Q- update to reflect the extent of price erosion in ----, and downgraded the forecast for the PC and handset segments in ---- where form factor competition and price erosion are drags on market value even as volumes continue to increase. In the handset segment the short term outlook is still relatively strong as smartphone first-time buyers and upgrades will continue to raise the average selling price of the handset market as a whole and drive value growth. ...A key pillar of our forecast for the Philippines is the robust economic outlook of our Country Risk that was downgraded slightly in the Q- update. BMI forecasts real GDP growth of -.- in ----, but with GDP per capita only expected to increase from USD-,--- in ---- to USD-,--- in ----.

...Computer Sales: USD-.-bn in ---- to USD-.-bn in ----, a CAGR of +-.- in US dollar terms. Rising incomes in a low penetration rate market means there is scope for volume growth, but affordable and increasingly powerful smartphones are a growing threat as Filipinos could simply by-pass the PC era. ...Computer Sales: USD-.-bn in ---- to USD-.-bn in ----, a CAGR of +-.- in US dollar terms. Rising incomes in a low penetration rate market means there is scope for volume growth, but affordable and increasingly powerful smartphones are a growing threat as Filipinos could simply by-pass the PC era. AV Sales: USD---mn in ---- to USD-.-bn in ----, CAGR of +-.- . ...Handset Sales: USD-.-bn in ---- to USD-.-bn in ----, a CAGR of +-.- . In the short term smartphone boom will continue, but a combination of saturation and price erosion will act as a brake on growth over the medium term.

...BMI View: We adopted a less bullish outlook for consumer electronics device sales growth in the Philippines throughout the medium term in the Q- update. This change relies on two factors: a more negative outlook for tablet sales in the face of competition from smartphone - particularly phablets; and the value squeeze in the handset segment where vendor competition has resulted in steep declines in average selling prices. ...

  
Source:
Document ID
2040-9451
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Philippines Consumer Electronics Report" Aug 27, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Consumer-Electronics-Report-2026-943>
  
APA:
Business Monitor International - Industry Reports. (2016). Philippines Consumer Electronics Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Consumer-Electronics-Report-2026-943>
  
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