United States Consumer Electronics Report - Business Monitor International - Industry Reports

United States Consumer Electronics Report

United States Consumer Electronics Report - Business Monitor International - Industry Reports
United States Consumer Electronics Report
Published Oct 01, 2016
60 pages — Published Oct 01, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: We continue to maintain a positive outlook for the US consumer electronics market. We believe that it will remain the global leader in terms of market size and adoption of latest technologies over the course of ---- to ----. ...We forecast a consumer electronics market CAGR of -.- over ---------, with total spending reaching USD---.-bn by the end of ----. High device penetration rates, strong demand for the latest devices and short replacement cycles make the US a lucrative for vendors - but high penetration also results in diminished growth opportunities in key markets such as tablets and smartphones, particularly when compared with emerging markets. Furthermore, over the medium term we believe questions still remain about the sustainability of consumption in the absence of strong wage growth and the fact that most sales will be upgrades rather than new customers. ...High device penetration rates, strong demand for the latest devices and short replacement cycles make the US a lucrative for vendors - but high penetration also results in diminished growth opportunities in key markets such as tablets and smartphones, particularly when compared with emerging markets. Furthermore, over the medium term we believe questions still remain about the sustainability of consumption in the absence of strong wage growth and the fact that most sales will be upgrades rather than new customers.

...The macroeconomic fundamentals will be weaker than expected in ----, with real GDP growth expected at -.- , though real GDP per capita will remain high at USD--,---. This means slower growth going forward, with the market expected to reach USD---.-bn by ----. ...This means slower growth going forward, with the market expected to reach USD---.-bn by ----. Growth will predominantly be driven by demand for premium TVs, smartphones, tablets and hybrid notebooks - with upside potential should wearable devices gain traction with mass market consumers. It should however be noted that we expect the bifurcation of the market to continue over the medium term, with strong sales of personal devices (including wearables) to the higher-income population segments, while weak wage growth elsewhere will leave value-focused vendors with a much more challenging competitive landscape. ...Growth will predominantly be driven by demand for premium TVs, smartphones, tablets and hybrid notebooks - with upside potential should wearable devices gain traction with mass market consumers. It should however be noted that we expect the bifurcation of the market to continue over the medium term, with strong sales of personal devices (including wearables) to the higher-income population segments, while weak wage growth elsewhere will leave value-focused vendors with a much more challenging competitive landscape.

...Tablet volumes continue to be squeezed by a diminished pool of first-time buyers and lengthening replacement cycles, hence a stronger growth in the long-term. ...Tablet volumes continue to be squeezed by a diminished pool of first-time buyers and lengthening replacement cycles, hence a stronger growth in the long-term. ...

  
Source:
Document ID
2044-5539
Country
Industry
Format:
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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. "United States Consumer Electronics Report" Oct 01, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-States-Consumer-Electronics-Report-2026-1260>
  
APA:
Business Monitor International - Industry Reports. (2016). United States Consumer Electronics Report Oct 01, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-States-Consumer-Electronics-Report-2026-1260>
  
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