Connect with us

Hi, what are you looking for?

New Products

Consumer Electronics are booming in Europe

EITO: Strong growth of 9.2% resulting in a market value of € 54.2 billion
Plasma TV, LCD TV and MP3 player sales increase by triple digits

Frankfurt/Main — Innovative devices with digital technologies are leading to a rapid growth of film, music and image-based CE market segments in Western Europe. According to the European Information Technology Observatory (EITO) the market value is growing by 9.2% in 2005 to an overall value of 54.2 billion Euro. “Digital devices are offering a substantial increase in value for the user”, says EITO Chair Bruno Lamborghini. “More storage, higher capacity and better quality in image and sound are convincing arguments for purchase.” Accordingly, digital products like flat screen TVs, MP3 players or game consoles show double digit growth rates. In contrast, the market for analogue products is experiencing a real decline. Cathode ray tube TVs, video recorders or traditional Hi-Fi elements cannot even account for a quarter of the total market.

Highest growth is achieved by MP3 players: with a plus of 98% the market achieves a value of 2.5 billion Euro in 2005. “These devices are very compact and are able to store complete CD collections”, says Lamborghini. In the competition between flat screen TVs and cathode ray tube TVs, flat screen TVs and projectors for the first time have taken the lead this year. According to the EITO, in 2005 the Western European market is growing by 51% to reach a volume of 12.8 billion Euro. At the same time, the market volume of cathode ray tube TVs is shrinking by about 29%, down to only 6.1 billion Euro. Demand is also high this year for game consoles (plus 26%), resulting in a market volume of 2.2 billion Euro.

In spite of strong demand, users benefit from declining prices for digital devices. “In all segments, the market value is increasing less rapidly than the unit sales”, says Lamborghini. The revenues of flat screen TVs, for example, are increasing by 51% while unit sales in Western Europe are growing by 114%, to 10 billion. Manufacturers of MP3 players are expected to sell around 23.6 million units in 2005 — 142% more than in 2004. For digital camcorders, the strong price competition is even leading to a fall in the market volume of 7%, down to 2.1 billion Euro. At the same time unit sales are growing by 12%, to 4.2 million.

According to the EITO, Italy reaches the highest growth rate among the top 5 EU countries in Consumer Electronics With a plus of 13.6%, Italy realises a market value of 6.0 billion Euro in 2005. Double digit growth is also expected this year in Spain (12%) and Germany (11.4%), to reach 5.5 billion Euro and 12.1 billion Euro respectively. At 9.1%, growth in the UK is more moderate. But the technically enthusiastic UK, with 12.7 billion Euro, still accounts for the biggest share of the European CE market. The French market is expanding by 6.6%, achieving a market value of 9.4 billion Euro.

Complementary figures for download are available at:
www.eito.com/tables.html

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Our Reviews

Bookshelf Speakers

The new Lumina collection brings the artistry of Sonus faber loudspeakers to a much wider audience for a lot less money.

Reviews

BDI sets a high bar with another modern media console designed to conceal all your electronics and a sound bar in an elegant ventilated...

Reviews

Nobody needs to be reminded that the past four months have taken a toll on our collective psyches; being quarantined for months in New...

LG Electronics

The LG Tone Free Earbuds with Meridian technology include a unique UV-light disinfecting wireless charging case and are undeniably better sounding than AirPods.

LG Electronics

A go-anywhere portable wireless speaker with multi color lighting effects that leaps to the top of its class thanks to Meridian Audio technology.

Computers

Rock solid adjustable motorized standing desk that raises or lowers at the touch of a button. Budget priced at only $379.

You May Also Like

Bookshelf Speakers

The new Lumina collection brings the artistry of Sonus faber loudspeakers to a much wider audience for a lot less money.

New Products

The just-released model CT-2 completely-passive tabletop vibration isolation platform, from Minus K Technology, with no air or electric power required, represents the latest state-of-the-art...

New Products

At $199, Sennheiser HD 560S wired headphones aim to appeal to cost conscious audiophiles in an ultralight over-ear design.

Multi-Channel Amps

Upgraded for 2020, Parasound's ZoneMaster Series multi-channel amplifiers offer more power while remaining stable at 2 ohms.

Advertisement

ecoustics is the unbiased resource for the latest technology news, coolest gadgets, and best consumer electronics. Plus get product reviews, roundups and deals from all over the web on everything electronic. Read more



Copyright © 1999-2020 ecoustics | Disclaimer: ecoustics may earn a commission when you buy through links on our site.