Global electronics market 2018 forecasts for six sectors

By : |December 1, 2013 0

DALLAS, USA: The consumer electronics market is forecast to witness a value of $1.6 trillion by 2018 primarily supported by application sectors: analog & digital TV, tablet, digital cameras & camcorder, personal computers and video/audio equipment.

Geographical analysis shows the highest CAGR of 17.6 percent is foreseen from Asia-Pacific region during the analysis period 2011-2018. The Middle East is not way behind with a CAGR of 17 percent, followed by Africa at 16.9 percent. Japan forecasts to drive with a growth rate of 13.9 percent.

Among the sectors, Analog & Digital TV accounts for nearly 32.3 percent of the overall market share followed by Personal Computers at 25.5 percent holding the second position. Global market for Consumer Electronics especially in Tablet will record strong hold over the next five years driven by raising demand in fast-growth market in Asian and other emerging countries.

Major companies are located in Japan, South Korea and Taiwan region and are dominating the Consumer Electronics industry growth.

With a CAGR of 12.8 percent, global market value for Telecommunication Electronics Application sector is anticipated to be worth $847.6 billion by 2018. On a global scale, Asia-Pacific accounts for more than 26.3 percent of the market share. While US accounts for the largest share of the global market value on a country basis, India surpasses the US in terms of growth rate anticipated in the near future.

Among the application sectors, Mobile Phones account for the largest share of the entire market, driving a CAGR of 14.5 percent during the analysis period 2011-2018. Wireless LANs and WANs see as the fastest growing end-user with a forecast with a CAGR of approximately 20.9 percent by 2018. With the growing trend in network and mobile satellite terminal technologies (dual-mode GSM cellular/satellite, handset and broadband data) the future of telecommunication electronics industry suggests for a positive growth.

With a CAGR of 10 percent, the global market value for Computing Electronics application sector is anticipated to be worth $436.7 billion by 2018. On a global scale, Asia-Pacific accounts for more than 35 percent of the market share. While US accounts for the largest share of the global market value on a country basis, India and China surpasses the US in terms of growth rate anticipated in the near future. Among the application sectors,

Computer Peripherals account for the largest share of the entire market, driving a CAGR of 9.1 percent during the analysis period 2011-2018. Super Computers see as the fastest growing application with a forecast CAGR of approximately 14.2 percent by 2018, Video Games are most demanding application on personal computers based on the recent advancements and innovation technologies in gaming industry.

The Medical Electronics market is expected to reach $372.4 billion by 2018 primarily supported by the application sectors monitoring & surgical systems, imaging systems, diagnostics and medical therapeutics. Globally, medical therapeutics and imaging systems together account for approximately 52.9 percent of the market and expected to support the medical electronics industry going forward.

Geographical analysis shows that the highest CAGR of 17.2 percent is anticipated from Asia-Pacific region during the analysis period, 2011-2018. Among the application sectors, monitoring and surgical systems account for the largest share of the entire market, driving a CAGR of 13.4 percent during the analysis period 2011-2018. Imaging Systems see as the fastest growing application with a forecast CAGR of approximately 16.9 percent by 2018.

Along with the fast growth and rapid advancement in technology related to healthcare industry, the medical electronics expectations have increased innovatively for large numbers of incurable disease.

Industrial Electronics market is set to witness a value of $321 billion by 2018 primarily supported by application sectors : semiconductor capital equipment, test and measuring (T&M) instruments, automation systems and process control instrumentation. Geographical analysis shows the highest CAGR of 17 percent is foreseen from Asia-Pacific region during the analysis period 2011-2018.

In terms of CAGR, Europe closely tracks North America, with a rate of 15 percent. Among the sectors, semiconductor capital equipment accounts for nearly 32.2 percent of the overall market share followed by process control instrumentation at 22.8 percent holding the second position.

The Aerospace and Defense market is expected to reach $248.2 billion by 2018 primarily supported by the application sectors engineering / aeronautics (body), inflight entertainment, avionics and engine. Globally, avionics and engine together account for approximately 39 percent of the market are expected to support the aerospace and defense electronics industry going forward.

Geographical analysis shows that the highest CAGR of 14.2 percent is anticipated from Asia-Pacific region during the analysis period, 2011-2018. Europe follows Asia-Pacific with a CAGR of 12.9 percent, while North America forecasts to drive with a growth rate of 11.2 percent. Aerospace and Defense electronics in developing countries such as China, India and Brazil are projected to immense as a great market place in future prospects.

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