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Worldwide CE market forecast to grow 4.5%

Worldwide CE market forecast to grow 4.5%

Worldwide CE market forecast to grow 4.5%

It has been another difficult year for many CE vendors as convergence takes its toll on dedicated product sectors and competition squeezes profits in key areas like TV.

Nonetheless, Futuresource Consulting forecasts that worldwide CE sales will rise 4.5% in 2014 to reach $707 billion (trade value), driven largely by a 24% growth in mobile sales.

Beyond these established CE categories, new product segments are emerging and growing strongly, mostly falling within the ‘Internet of Things’ industry trend. Wearables in particular have seen strong growth in 2014 reaching a value of $8 billion, and smartwatches are expected to drive larger-scale uptake in 2015.

Looking forward, a number of markets will continue to grow from now until 2018 and beyond. Futuresource anticipates that the mobile market value will peak in 2017 at $343 billion, due to the falling ASPs (Average Selling Price) of mobiles.

As for the TV segment, this will continue to grow throughout the forecast period reaching $163 billion in 2018.

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