Consumer Electronics Reviewed By You
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In last couple of years, the Chinese electronic market has witnessed some dramatic increase in demand and sales chart of electronic items. The country has turn out to be the world’s major producer of consumer electronics and other high tech products than any other country. Starting from digital cameras, mp3 players, computer accessories to cell phones, and other electronic goods that are manufactured in China is gaining tremendous popularity. In recent times Chinese electronic products industry has been dynamic in contributing in international trades as well. All china wholesale electronic goods feature good quality that is far better in comparison to other electronic products available in international market. The recent studies of the technological capability of the China electronics industry also states that the China is likely to equal South Korea, Taiwan, and even Japan as a major Asian force in the world electronic consumer goods industry in twenty-first century. Besides this, amongst the E7 developing countries, China is ranked as the most eye-catching consumer electronics market from investment point of view. Moreover, its consumer electronics market has increased at a CAGR of 11. 71% during 2002-2006 and is further anticipated boosting at a CAGR of 12% during the forecasted period (2007-2011). The electronic items made in China products are exported in huge amount all over the world, especially in countries like United States of America, different European countries and all other parts of Asia. In fact the way the demand for the Chinese electronic products are increasing day by day, it seems that China is already on the way to become the leading exporter of electronic products in international market. China has now been tagged as the world’s factory as they produce almost all types of electronic products at extremely lower cost than anywhere else in the world. The major highlight of Chinese electronic industry is that almost everything is in low cost, starting from low human resources cost to a low corporate tax burden. This in turn helps every leading production centers in China employ cheap labor and still produce superb quality products. Apart from all this, on the consumption front, the constant declining cost of consumer electronics together with increasing disposable income are playing important role in attracting consumers select Chinese electronics products. Moreover, looking at the present scenario, China’s youth are spending freely on Chinese made consumer digital products and the trend will continue to rise with the growing middle class. They are creating a multi-billion dollar market for electronic products and services. These few factors certainly indicate a booming future for the consumer electronics industry in China. Today, the electronic items of China are far more reliable than ever before. The manufacturers are now providing a whole new range of electronic products with trendy new features. In addition to this, the Chinese electronic markets are also providing consumers and re-sellers a quick and profitable resource to build sales. The trend is gaining its popularity and expected to boom in coming years.
Marketsmonitor Releases Report named “Booming Consumer Electronics Market in India” that provides extensive research and objective analysis on the Wind Power: Opportunities in Emerging Markets. India has an increasingly affluent middle class population that, on the back of rapid economic growth, has made the country’s consumer electronics industry highly dynamic. The industry has been witnessing significant growth in recent years due to several factors, such as retail boom, growing disposable income and availability of easy finance schemes. But still, the consumer electronics goods, like refrigerators, microwave and washing machines, have low penetration in the country, representing vast room for future growth. This is attracting many foreign majors to the country, says our new research “Booming Consumer Electronics Market in India”. The report finds that since the penetration of several products like TVs and refrigerators are reaching saturation in the urban areas, the markets for these products are shifting to the semi-urban and rural areas. This analytical research thoroughly evaluates the Indian consumer electronics industry. It briefly discusses about the current and emerging trends in the industry, underlining the future potential areas and key issues crucial for the industry development. “Booming Consumer Electronics Market in India” offers extensive research on various consumer electronics products that are broadly classified as home appliances, audio/video appliances, mobile handsets, and PC market. It provides an insight into the emerging and potential future trend in all the categories and highlights the key strategies that need to be worked upon to get success in the highly competitive industry. The report thoroughly analyzes the historic performance and future prospects, offering 4-year industry forecast, of following consumer electronics products: – Washing Machines (Semi-automatic & Fully Automatic) – Television – Set-top Box – Refrigerator (Frost-free & Direct Cool) – Air Conditioner – Microwave Oven – MP3 Players – Digital Camera & Camcorder – Mobile Handsets – PCs (Desktop & Notebook) Key Research Findings: – Propelled by growing middle class population, changing lifestyle and rapid urbanization, the Indian consumer electronics industry is forecasted to grow at a rapid rate of 10% to 12% in the coming few years. – Volume sales of washing machine will be driven by growth in fully automatic category during 2008-09 to 2011-12. – The market for televisions in India is changing rapidly from the conventional CRT technology to Flat Panel Display Televisions (FPTV). Currently, the split between CRT and FPTV is around 97% and 3% respectively, and the share of FPTV is projected to increase at robust rate in near future. – Frost-free refrigerator sales, certainly growing at a much faster pace than the direct-cool category, are anticipated to drive the Indian refrigerators market over the forecast period. – The AC market in India is projected to grow at 30% to 35% for the coming few years. – Driven by young population, demand for MP3 players and digital video appliances are anticipated to surge at double-digit rate in near future. – The low penetration level of consumer electronics goods coupled with increasing preference for comfort and luxurious goods are widely attracting the foreign as well as domestic players to the industry. For More detail Please Visit :- http://www. marketsmonitor. com/Report/IM157. htm
Plasma televisions are popular consumer electronics that are sold through internet retailers and auction sites in great abundance. Online shoppers can leisurely glance through product descriptions to discover the minute differences between the plasma television products but closer inspection might be needed to truly discover the tremendous benefits offered through these stimulating products. Screen colors will be vivid and realistic and consumers can enjoy viewing screens that are not obstructed with plastic cases.
Satellite radios gained a lot of popularity by consumers who traveled extensively on the road and needed entertainment that was more adult in nature at times. Automobiles are now equipped with satellite radio receivers that allow consumers to take satellite radio transmissions anywhere. Consumers made satellite radios popular during the Christmas holidays and satellite connected consumer electronics will remain popular because of the portability that these items provide.
Many consumers rely on electronic mapping devices to navigate through traffic jams around rush hours and others rely on the navigation principles when they are traveling outside the local living area. Female drivers appreciate the mapping features when traveling alone on the open road and use the features to find lodging for the night and the location of rest stops for the duration of the trip. Navigation software included in later models of automobiles include surprising electronic features that will help save many lives during a period of automobile ownership.
Every automobile manufacturer has developed popular consumer electronics that will notify authorities when roadside accidents occur. Some driver’s injuries might not allow the driver to move at all but the satellite emergency services available through these popular consumer electronics can be directed to the exact location within a matter of minutes from this one piece of amazing electronics technology. Dispatchers can summon fire, police, and ambulance services while remaining in touch with those injured at the crash site.
Consumers feel these consumer electronics are very popular because they prevent losses from occurring that could drive insurance rates up. Fewer insurance claims are filed because stolen vehicles can be recovered when automobiles are equipped with these consumer electronics and customers continue to use them because these consumer electronic devices allow them to return to driving those automobiles within days of the disappearance. The satellite imagery capabilities in some of these consumer electronics will capture images of automobiles that leave the scenes of accidents and consumers are very happy to hear that when filing a police report.
Other popular consumer electronics allow families to keep in touch over long distances. Many cellular telephones are equipped with cameras and family photograph sharing has been simplified with these personal electronic devices. Photographs can be transmitted through text messages to reduce cost of owning a cellular telephone immensely.
Some family members might use other consumer electronics to transact business each day. Digital personal assistants are equipped with computer software that allows business users to connect with office computers and work on files while waiting in airports or in hotel rooms after work hours. Many consumer electronic devices are used to make business calls because the after hour calling plans are free of charges after a certain time.
As the most populous city in Southern California, Los Angeles has a huge number of consumer electronics stores. With just about 50 Circuit City stores and 18 Best Buys, two of the largest electronics retailers are plentiful indeed. One can also add to that, the over 1,000 smaller shops and chain stores and you can see a situation where the populace has many choices as they go on the lookout for their next big screen TV.
The phrase consumer electronics is associated with electronic equipment built for everyday use. The products are most often utilized for communications, entertainment and personal productivity. Leading consumer electronics products include PCs, phones, audio equipment, televisions, and calculators. Popular brands of electronics include many huge domestic and foreign manufacturers, such as Apple, Philips, Samsung, Sanyo, Sony and Toshiba, among others.
The Consumer Electronics Association projects 2007 nationwide consumer electronics purchases at 150 billion dollars. A very large portion of those sales can be found in Los Angeles, and other major cites like New York and Boston.
As already noted, consumer electronics are built around the globe, though there is an extremely high concentration of manufacturing performed in Asia, particularly China and Singapore. The most cutting-edge consumer electronics are previewed yearly at the Consumer Electronics Show in Las Vegas, NV, which is near to Los Angeles, at which many industry pioneers make speeches including Microsoft’s Bill Gates.
One interesting characteristic of the consumer electronic field is the continuous trend of lower prices. Industry insiders posit that such a development is caused by gains in manufacturing efficiency and more use of automation, combined with many improvements in semiconductors. The popularly observed Moore’s Law, says that, for a specific price, electronics industry functionality doubles every 18 months.
Consumer electronics in Los Angeles and elsewhere in the country, and in the world, continue in a trend of functional combinations, wherein a DVD player and television become a media center, combining characteristics of several electronic items. Consumers face difficult decisions when looking for electronics items. It is starting to be more about a product’s style and price, as opposed to its specifications and performance.
On the negative side, loads of consumer electronics result in e-waste. It is thought that in 2003 the United States alone generated over 2. 8 million tons of electronic waste. No more than 10 percent of that amount was recycled.
On the brick of rapid economic growth, India has witnessed the dynamic change in country’s consumer electronics industry. In last few years the industry has been witnessing significant changes in retail boom, growing disposable income and availability of easy finance schemes. One electronic gadget that has brought new revolution in Indian Electronic Industry is Television Set. Today, India is fast emerging as the key driver in the global television market both as a manufacturer and consumer. In recent years, the market for televisions in India has changed rapidly from the conventional CRT technology to Flat Panel Display Televisions (FPTV). Currently, the split between CRT and FPTV is around 97% and 3% respectively. In addition to this, one of the most striking changes sweeping across the colour television market in Indian market is the exponential growth of the flat panel television (FPTV) market, in common parlance called the liquid crystal display (LCD) and plasma televisions . Moreover, as per recent research data available, the global market for FPTV is expected to grow from 51 million units in 2006 to 127 million by 2009. Looking at the present scenario, over the last couple of years, the LCD prices have even dropped by around 30 per cent annually. Some of the important factors that boasted this growth also include the increasing awareness of the advantages of LCD televisions, the growing availability of the product across dealer counters and the finance schemes in the market. Besides this, as a manufacturing hub, the television industry is improving more and more. There are many domestic and MNC companies that have increased their production bases in the country. Easy availability of low-cost skilled labor and the emergence of SEZs, which are tax-free zones are some of the key factors that have resulted in growth of these manufacturing units. In fact, encouraged by tax-breaks, new manufacturing units are coming up in less-developed regions now. Today, India is one of the few emerging countries to have an excellent component supply base in terms of manufacturing facilities for glass and color picture tubes, so it helps it a good choice for all those companies who are looking to take benefit of this emerging market.
Over the past few years, the global consumer electronics industry has witnessed a phenomenal growth. It can be attributed to the increasing effect of state of the art electronic devices in the market. The Asia Pacific region is the market leader in consumer electronics and more of this credit goes to the Japanese companies, which are known worldwide for their innovations and quality. The world famous brands like Sony, Panasonic and Matsushita are owned by the Japanese companies.
The total revenue generated by the consumer electronics market consists the sale of audio, video, and games console products. The video section consists of camcorders, digital cameras, CRT and flat-panel television sets, videocassette and DVD players and recorders, and set-top boxes. The audio section includes MP3 recorders and players, personal stereos, radios, hi-fi systems, cassettes, CDs, and minidisc. Gaming consoles includes all hand-held and plug-in consoles.
In a survey, condusted by the Japan’s Ministry of Internal Affairs and Communications (MIC), the consumer electronics market is estimated to grow to 11 trillion yen by 2010. It is more than quadruple the value of 2004. One of the main highlights of this survey is an emphasis on the convergence of communication and entertainment electronics. This trend is already spreading rapidly, the government views this as a major shift in the consumer electronics industry.
The MIC defines the consumer electronics market to include the following areas:
* Appliance market: Digital consumer electronics like TV, washing machine, PC, modems, etc.
* Service content market: Content like entertainment information on movies, drama, etc. Services like distance learning (tele-education), security services, etc.
* Network platform market: Networks, including ADSL, cable Internet, fiber-optic cables, etc.
Future Prospects
The consumer electronics industry is expecting the integration of entertainment and communication electronics in coming years. The companies aim at providing advanced services to help consumers achieve more convenience in their daily activities. It can be achieved by offering networking consumer electronics in the home market.
The home security systems is expected to enter in the consumer electronics market. It can help monitor fires or break-ins and report them to nearby fire stations. Consumers could be able to control appliances in home from their personal digital assistant (PDA) or mobile phones. While departing the home, you can turn on the security system while turning off all consumer electronics. On the way back to home from work, a person would be able to start a bath or begin warming up the house.
India has an increasingly affluent middle class population that, on the back of rapid economic growth, has made the country’s consumer electronics industry highly dynamic. The industry has been witnessing significant growth in recent years due to several factors, such as retail boom, growing disposable income and availability of easy finance schemes. But still, the consumer electronics goods, like refrigerators, microwave and washing machines, have low penetration in the country, representing vast room for future growth. This is attracting many foreign majors to the country, according to the new report “Booming Consumer Electronics Market in India”. The report finds that since the penetration of several products like TVs and refrigerators are reaching saturation in the urban areas, the markets for these products are shifting to the semi-urban and rural areas. This analytical research thoroughly evaluates the Indian consumer electronics industry. It briefly discusses about the current and emerging trends in the industry, underlining the future potential areas and key issues crucial for the industry development. “Booming Consumer Electronics Market in India” offers extensive research on various consumer electronics products that are broadly classified as home appliances, audio/video appliances, mobile handsets, and PC market. It provides an insight into the emerging and potential future trend in all the categories and highlights the key strategies that need to be worked upon to get success in the highly competitive industry. The report thoroughly analyzes the historic performance and future prospects, offering 4-year industry forecast, of following consumer electronics products: § Washing Machines (Semi-automatic & Fully Automatic)§ Television § Set-top Box§ Refrigerator (Frost-free & Direct Cool)§ Air Conditioner§ Microwave Oven § MP3 Players§ Digital Camera & Camcorder§ Mobile Handsets § PCs (Desktop & Notebook) Key Research Findings: § Propelled by growing middle class population, changing lifestyle and rapid urbanization, the Indian consumer electronics industry is forecasted to grow at a rapid rate of 10% to 12% in the coming few years. § Volume sales of washing machine will be driven by growth in fully automatic category during 2008-09 to 2011-12. § The market for televisions in India is changing rapidly from the conventional CRT technology to Flat Panel Display Televisions (FPTV). Currently, the split between CRT and FPTV is around 97% and 3% respectively, and the share of FPTV is projected to increase at robust rate in near future. § Frost-free refrigerator sales, certainly growing at a much faster pace than the direct-cool category, are anticipated to drive the Indian refrigerators market over the forecast period. § The AC market in India is projected to grow at 30% to 35% for the coming few years. § Driven by young population, demand for MP3 players and digital video appliances are anticipated to surge at double-digit rate in near future. § The low penetration level of consumer electronics goods coupled with increasing preference for comfort and luxurious goods are widely attracting the foreign as well as domestic players to the industry. For more information kindly visit: http://www. bharatbook. com/productdetail. asp?id=84118 Or Contact us at: Bharat Book Bureau207, Hermes Atrium, CBD Belapur, Navi Mumbai – 400 614, India. Phone : +91 22 2757 8668 / 2757 9438 Fax : +91 22 2757 9131 E-mail : info@bharatbook. com Website : www. bharatbook. com
<!– @page { size: 8. 5in 11in; margin: 0. 79in } P { margin-bottom: 0. 08in } –>Consumer electronic market has experienced a phenomenal growth in past few years. The demand for quality consumer electronic goods and the rapid development of the digital technology have led to the expansion of the consumer electronics market. Now, choices before customers are as wide as their imagination. And, innovation is adding to the list on daily basis. In short, the consumer electronic segment is now a complete and a highly competitive market. Talking about the USA, the size of consumer electronic market has increased by $145 billion in 2006, registering a growth rate of about 8%. The major contributors of this much talked about growth is driven by a huge demand for digital televisions and MP3 players. In the following year, the sales in the consumer electronic market rose to more than $155 billion, recording a hike of about 7% y/y growth, according to the Consumer Electronic Association (CEA). However, the statistics is the smaller part of a bigger story. The consumer electronic market is at its nascent stage and is likely to achieve new heights soon. The revolution in consumer electronic market has given a birth to the need of developing a trustworthy and convenient source wherein, quality counts more than anything else. Online Marketing Opportunities:Internet, by bridging distance in the fastest manner, has created a win-win platform both buyers and sellers. Buyers can do extensive research and gather information related to the same product manufactured by different brands. They can read consumer electronic news and refer to electronics guides to have relevant information about products of their choices. Users can also read reviews posted by fellow users and figure out performance and usability of various digital products. Sellers too have gained a lot from the advent of Internet. Reaching to the target audience has become more faster and convenient. Internet has also reduced the cost of operation and brand promotion and enabled the sellers to sell in a 24X7 environment. They can now have the means to assess the consumer response on a certain product and add modifications according to the changing preferences of the customers. To conclude, change and advancements have become the only constant in the consumer electronic market. Internet is catalyzing it!