Connect with us

Hi, what are you looking for?

New Products

Market for consumer electronics still booming

– A hefty plus of nearly 10 percent this year in Western Europe
– Flat-screen TV and game consoles driving growth
– Demand still increasing in 2007 for high-tech digital equipment

Frankfurt, 7th December 2006 — Thanks to flat-screen TV and game consoles, growth in the European market for Consumer Electronics (CE) continues unrestrained. “The CE industry in Western Europe is making 9.2 percent greater turnover, with around plus 18 percent for digital products”, says Bruno Lamborghini, Chair of the EITO (European Information Technology Observatory). This means spending is increasing at the same rate as in 2005, according to the latest survey by EITO in cooperation with GfK.

Turnover in the ten most important Western European markets in consumer electronics will reach a total of 60 billion Euro in 2006. “The industry is scoring a hit with customers with the very latest digital equipment”, explains Lamborghini. Growth leaders are flat-screen TV, with a 57 percent increase, followed by game consoles (38 percent) and MP3 players (17 percent). In Christmas trading, EITO is also expecting a strong demand for flat TV equipment and game consoles. With 18.5 billion Euro, flat-screen TV sets account for nearly a third of the entire market. Meanwhile, video cassette recorders, cathode ray tube televisions and conventional stereo systems are in ever decreasing demand. In 2006 turnover in analogue equipment is contracting in double digits in Western Europe.

In 2007, total CE demand – including analogue and digital equipment – will continue to grow, but rather more slowly. The EITO market researchers are predicting a plus of 2.4 percent for Western Europe, due to a stronger decline of analogue equipment and some reduced growth in digital products. “Many households have already updated their equipment to the latest standard”, is the analysis offered by EITO Chair Lamborghini. The Football World Championship in 2006 largely contributed to this in that it provided a great stimulus to TV sales. But in the future too, high-tech products for the home will fascinate more and more people.

In 2007, set-top boxes to receive digital TV will be particularly in demand (plus 18 percent). With around 17 percent, the market for flat-screen TV and game consoles will also increase strongly. Digital still cameras and DVD equipment are still moneyspinners.

Great Britain offers the largest single market for consumer electronics in Europe, with an annual value of 14.8 billion Euro. Then come Germany with 13.1 billion and France with 10 billion Euro.

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

D/A Converters

A portable USB DAC that plugs into your smartphone to improve the sound quality of headphone listening on-the-go.

Reviews

Review By Maurice Jeffries New Heavyweight Contenders! My first encounter with DS Audio’s fascinating line of optical cartridges and matching phono energizers (the term...

Over-Ear Headphones

Portable USB DACs are a new category that can take well regarded headphones from Meze Audio and Audeze to the next level when listening...

Integrated Amps & Stereo Receivers

At $7499, Yamaha's flagship stereo integrated amplifier for 2020 pays homage to the company's heritage. Check out part 1 of our review.

Over-Ear Headphones

First impressions of a portable headphone combo for audiophiles using the Clarus CODA USB DAC with the Audeze LCD-1 planar-magnetic over-ear headphones.

A/V Receivers & Preamp/Processors

Denon's 2020 middle-of-the-line 9.2-channel home theater receiver superbly handles surround sound, while ushering in support for 8K TVs.

You May Also Like

Headphone Amps

Priced at $1495, Mytek's reference THX headphone amp is for both musically passionate headphone enthusiasts and pro audio sound engineers.

New Products

KEF's 1000-watt powered subwoofer uses new force-canceling Uni-Core technology to achieve deep and loud bass from a minimal footprint.

In-Wall Speakers

Focal's top-of-the-line 1000 Series in-wall / in-ceiling speakers and subwoofer raise the bar on architectural speaker performance.

News

ecoustics welcomes our newest contributors, Lauren Halliday (@record_lady) and Jeremy Sikora (@budget_audiophiler) with over 27,000 combined Instagram followers.

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 © 1999-2021 ecoustics | Disclaimer: ecoustics may earn a commission when you buy through links on our site.