Global consumer electronics market rebounds

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According to a report from iSuppli Corp, global consumer electronics equipment manufacturing revenue in 2010 is set to reach US$ 340 billion from the downturn of 2009. With the rising consumer demand, average OEM revenue for consumer electronics in 2010 is projected to reach US$ 340.4 billion, up 6.2 per cent from US$ 320.7 billion last year. The market is likely to climb steadily during the next four years, adding revenue ranging from US$ 3 billion to US$ 18 billion yearly, ending up at more than US$ 385 billion by 2014.

The strongest performers in the consumer electronics domain are mainly from LCD-TVs and Blu-ray players. Shipping of LCD-TVs is likely to reach 178 million units whereas Blu-ray players are likely to reach 16.4 million units this year, up a stratospheric 82.2 per cent from 9.1 million units in 2009. The weakest performance has been from portable media players (PMP).

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