Developing markets now drive consumer electronics segment, experts say
Global demand for consumer electronics fell last year as economies in the developed world struggled, but it is expected to grow again this year to more than $1 trillion according to a recent survey by the Consumer Electronics Association released at the start of the Consumer Electronics Show in Las Vegas this week.
- CES had projected 4% growth in consumer devices for this year; but most major markets saw GDP drops in 2012; and provisional global spending number for 2012 is down 1%. They are now projecting 4% growth for 2013.
Among other global trends noted: