Article by anirban
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 5 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 5 billion, recording a hike of about 7% y/y growth, according to the Consumer Electronic Association (CEA).