New Research Report: China Consumer Electronics market to increase to US$160.6bn by 2013

PRLog (Press Release) - Dec 11, 2009 -
China's domestic consumer electronics devices market, defined to include computing devices, mobile handsets, and video, audio and gaming products, was estimated to be worth around US$111.4bn in 2008, and this is expected to increase to US$160.6bn by 2013. Despite current economic headwinds, growth is set to grow at a compound annual growth rate (CAGR) of 8% through 2013, with drivers including 3G handsets, notebook computers, digital TV and LCD monitors. Computers Computers accounted for around 45% of China consumer electronics spending in 2008. BMI forecasts China domestic market computer hardware sales (including notebooks and accessories) of US$52bn in 2009, up from close to US$50bn in 2008. Computer hardware CAGR for the 2008-2013 period will be around 16%. AV AV devices accounted for around 20% of China consumer electronics spending in 2008. China's domestic video, audio and gaming device market was estimated at US$24 bn. The market is expected to grow at a CAGR of 10% between 2008 and 2013, up to a value of US$38.8 bn. Video applications account for around 79% of the total market. Mobile Handsets China mobile handset sales accounted for around 34% of China consumer electronics spending in 2008. Total China market handset sales are expected to grow at a CAGR of 4% to 252bn units in 2013, but the rate of growth will decline. 3G handset unit sales are projected to increase at a CAGR of 89% from just 20mn in 2008 to 481mn by 2013.
         

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