DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/33f34c/china_consumer_ele) has announced the addition of the "China Consumer Electronics Report Q1 2012" report to their offering.
Business Monitor International's China Consumer Electronics Report provides industry professionals and strategists, corporate analysts, electronics associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on China's consumer electronics industry.
Market Overview:
China's consumer electronics devices market, defined to include computing devices, mobile handsets and video, audio and gaming products, is forecast to be worth about US$197.0bn in 2012, and this is expected to increase to US$281.5bn by 2016. Consumer electronics sales should grow continue to grow strongly in 2012, boosted by economic recovery, product innovation and the rural subsidy programme.
In 2011, however, Chinese sales of TV sets contracted sharply, due to mature demand in major cities, leading to retailer inventory caution. Vendors will look to newer technologies such as LED TV sets, which were expected to comprise around 50% of flat-panel sales in 2011, and 3D TV sets, forecast at around 10-20%, to drive sales.
Smartphones are one particular growth area, with high double-digit growth forecast.. A second phase of the government's rural consumer electronics subsidy programme will also drive sales of flat-screen TV sets and other products in rural areas.
Spending on consumer electronics products is projected to grow at a CAGR of 9.4% through 2016, with demand for computers and TV sets in rural areas and tier-three to tier-six cities a key driver, along with the increased popularity of high-end items such as flat-screen TV sets, tablet computers, 3G mobile handsets and smartphones.
Key Topics Covered by "China Consumer Electronics Report Q1 2012":
- Executive Summary
- China Consumer Electronics Market SWOT
- Asia Business Environment Ratings
- Market Overview
- Industry Forecast Scenario
- Competitive Landscape
- Domestic Company Profiles
- BMI Methodology
For more information visit http://www.researchandmarkets.com/research/33f34c/china_consumer_ele